Wed, Aug 27, 2008
Accumulate Praj Industries, target Rs 227:
ULJK Securities has recommended an accumulate rating on Praj Industries with a target price of Rs 227 in its August 25, 2008 research report. "We have arrived at a fair value of Rs.227 per share based on the EVA method. We have assumed a consistent growth in operating profits, which will drive the valuation. At the current market price of Rs 176, the stock trades at PE of 19x on FY09E earnings of Rs 9.2 and PE of 14.2x on FY10E earnings of Rs 12.4, Accumulate" says ULJK's research report.
Buy Larsen & Toubro, Praj Industries, Punjab National Bank, Dena Bank, DLF
Sushil Kedia, Head- Institutional Equities, K&A Securities is of the view that one can buy Larsen & Toubro, Praj Industries, Punjab National Bank, Dena Bank, DLF and a large number of other realty stocks.
Kedia told CNBC-TV18, "In the banking stocks like SBI and ICICI Bank perhaps by tomorrow should give that firm buy signal. For today one has a firm buy signal in Larsen & Toubro, Praj Industries, Punjab National Bank, Dena Bank, DLF and a large number of other realty stocks. So various sectors have started showing sign of getting 20-30% kind of a bounce up from here and this act consistently with the Nifty chart."
Sugar Stocks
Rahul Mohindar of Viratechindia is of the view that investor should use downside to accumulate sugar stocks.
Mohindar told CNBC-TV18, "I think in the medium term, this is a sector where uptrend is likely to emerge, I would use a downside if I were an investor for about 3-5 months, use a 5% or a 10% downside to start accumulating. My sense is that from these levels there is not too much of a downside, surprise that one could expect here, I would personally like Balrampur Chini and Bajaj Hindustan and I would like to stay with majors and I see a visibility of a major uptrend in the medium term."
Hold Sonata Software
He is also of the view that Sonata Software can see 10% or 15% upside in the medium term. So, he advice to hold this stock.
Mohindar told CNBC-TV18, "The software space still looks a little okay and I won’t really rate it as a buy at these levels but I think Sonata particularly can see an upside, something like a 10% or 15% in the medium term. So, If I am invested into the stock, I would hold on but looking at the whole market situation, I wouldn’t like to initiate a fresh long here and even for that matter, the frontline tech stocks still look in a hold mode basically the trend looks sideways and it doesn’t look like any big crack is coming in that space."
Punj Loyd target Rs 320
Rajen Shah, Chief Investment Officer of Angel Broking is of the view that Punj Lloyd has target of Rs 320.
Shah told CNBC-TV18, "Punj Lloyd actually performed relatively well in Q1 and based on those numbers and the projections the management has given we do expect the company to report about Rs 16 kind of earnings and we do expect this company to grow at about more than 20% for the next three-five years. So even if you give at 20 P/E multiple, the stock should go upto about Rs 320 and that is our target for Punj Lloyd at Angel. We do like paper companies, hotels are looking very attractive, and power cable companies are looking attractive. So we have many of the ideas from these spaces."
Disclaimer: These views are purely of the analysts and the website www.stockinvest.in |
