Buy State Bank of India Ltd For Target Rs.378.00 – Sharekhan

Key points *  Given its market share of ~19% in advances (about 25% including the share of its associate banks), State Bank of India (SBI) is our preferred play on the revival in economic growth within the public sector bank (PSB) space. As several macro indicators (core sector growth, Purchasing…

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Buy Sangam (India) Ltd For Target Rs.91.00 – Firstcall Research Ltd

SYNOPSIS *  Sangam (India) Ltd. is one of the largest manufacturers of polyester viscose dyed yarn in Asia at a single location with 25% market share in the country. *  For the 2nd quarter of FY15, Net sales grew by 2.02% and stood at Rs. 3750.30 million as against Rs.…

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Hold Zydus Wellness Ltd For Target Rs.875.00 – Sharekhan

Key points *  Q2FY2015 marked a turnaround in Zydus Wellness’ performance with the company reporting a positive growth in volumes (and growth in revenues) after a phase of declining trend or flattish growth for the previous several quarters of tepid performance. The revival is driven by the change made in…

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Buy Orbit Exports Ltd For Target Rs.450.00 – Firstcall Research Ltd

SYNOPSIS *  Orbit Exports Limited was incorporated in 1983 and is based in Mumbai, India. Engages in the manufacture and export of novelty fabrics in India and exports its products to south East Asian countries, the Middle East, Europe, and North America. *  Net sales of the company grew by…

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