Accumulate Wipro Ltd For Target Rs.620.00 – Prabhudas Lilladher Ltd

We downgraded Wipro to “Accumulate” in our “Rear View JAS‐14: X‐Currency led misses, but outlook healthy” (quarterly review) due to continued weak performance on revenue front despite strong deal wins. We see continued headwinds for the company as seasonally strong quarters are behind. The challenges in Energy sector due to…

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Buy Swaraj Engines Ltd For Target Rs.1040.00 – Firstcall Research Ltd

SYNOPSIS *  Swaraj Engines Ltd. is primarily engaged in the manufacturing of diesel engines, diesel engines components as well as its spare parts. *  Revenue for the quarter rose by 10.33% to Rs. 1672.40 million from Rs. 1515.80 million, when compared with the prior year period. *  During Q2 FY15,…

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Buy Siemens India Ltd For Target Rs.1050.00 – Kotak Securities Ltd

Siemens reported Q4FY14 result below our estimates due to muted revenue growth in revenues. Healthcare division reported significant growth in operating profit with meaningful revenue growth in the quarter. We are encouraged by operating margin expansion reported by the company on back of strong pricing and successful business restructuring. We…

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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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Buy Bharti Airtel Ltd For Target Rs.393 – Angel Broking Pvt Ltd

Justification: The stock is trading in a strong higher degree uptrend by maintaining ‘Higher Top Higher Bottom’ formation. It has been correcting over the past few days and has now reached near a strong demand zone of `363 – `365. If we meticulously observe the daily chart, a harmonic pattern…

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Buy ACC Ltd For Target Rs.1575 – Way2Wealth

ACC Future The stock future acted in line with our expectations in the past week and hit the falling resistance line of the diamond chart pattern and ended close to it. In this week we expect it to surpass the previous week high of 1521.7 and confirm the bullish breakout…

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