Buy Simplex with a target of Rs 267: BNP
The firm has seen strong revenue growth but EBITDA margins fell 110 basis points on a year-on-year (YoY) basis. It has seen decent order inflow with international revenue going up by 7 per cent (YoY).
Buy Max India with a target of Rs 222: BoAML
The firm posted profit before tax (PBT) of Rs 82 crore in Q2 against loss of Rs 125 crore in 2Q of FY11. Its gross premiums grew by 10 per cent in 2Q of FY12. Its renewal premiums were up by 25 per cent. The business is expected to grow at 10 to 15 per cent for FY12E/13E. Potential deleveraging from Life Healthcare deal is a key trigger for the stock.
Buy United Spirits with a target of Rs 1250: UBS
The negative Kingfisher Airlines News will have an impact but the fundamentals of the firm are intact. Around 24.6 per cent of United Spirits stock is pledged towards debt collateral for Kingfisher Airlines (KFA). Raw material pressures are expected to ease with investments by USL.
Buy JSPL with a target of Rs 755: Deutsche Bank
The firm is among the finest energy themes in India.Its stock is a top infra pick. The firm has seen earnings upgrades from captive power plant. The power business is trading at 30 per cent discount to peers.
Credit Suisse maintains outperform on GMDC with a target of Rs 210
The second quarter results were impacted by heavy monsoons. Underlying profitability and volume growth of the corporation are intact. The stock is attractive due to strong volume growth potential. This correction can be used as an opportunity to buy into the stock.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
