Accumulate Mahindra & Mahindra Financial Services Ltd For Target Rs.325 – Religare Securities Ltd

Investment Rationale *  M&MFIN focus would mainly centered on collections, while company expects to reduce Gross NPAs to 4.8-5.0% level by end March 2015 from 6.2% at end June 2014. * Subsidiaries of the company are showing healthy performance. It expects the balance of Mahindra Rural Housing Finance to touch…

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Go Back Accumulate Godrej Industries Ltd For Target Rs.365 – Religare Securities Ltd

Investment Rationale *  Godrej Industries is engaged in the businesses of manufacture and marketing of oleo-chemicals, their precursors and derivatives, bulk edible oils, estate management and investment activities. The company may be looking to list its diversified agri-business subsidiary Godrej Agrovet in which it holds 60.8% stake. *  Its International…

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Accumulate Hindustan Unilever Ltd For Target Rs.804.00 – Prabhudas Lilladher Ltd

  Although HUVR’s Q3FY15 performance looks disappointing with just 3% volume growth and flat ADJ PAT, HUVR has taken proactive steps to prevent a scenario of 2009 cycle when it reported 4.2% volume decline in 4QFY09. HUVR has cut prices of S&D portfolio by 5% and destocked inventory to ensure…

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Buy IDFC Ltd For Target Rs.193.00 – Eastern Financiers Ltd

Company Background Infrastructure Development Finance Company Ltd (IDFC) is India’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.. The company operates full range of business lines, from project and corporate finance to asset management (mutual funds and alternatives) and investment banking.   Highlights…

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Accumulate Titan Company Ltd For Target Rs.430 – Religare Securities Ltd

Investment Rationale *  Titan Company Ltd has the largest retail and distribution network for watches and accessories in India. The Company continued to expand its retail foot-print taking its total count of World of Titan’s to 401, Fastrack stores to 151 and multibrand Helios stores to 49. *  The company…

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Buy Divi’s Laboratories Ltd For Target Rs.1835 – Angel Broking Pvt Ltd

Justification: The stock is moving in an uptrend by maintaining a ‘Higher Top Higher Bottom’ formation in higher degree charts. The ongoing up move seems to be a copy book ‘Impulse and Corrective Rally’ which led the stock to bounce back sharply from some or the other Fibonacci retracement levels.…

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Buy Dish TV India Ltd For Target Rs.76 – Religare Securities Ltd

Investment Rationale *  Dish TV witnessed a healthy growth in HD sales and a good traction coming in from sale of the ‘Zing’ brand, further strengthened its position as the fastest growing DTH player in the country. *  The newly introduced Sports driven packaging also found instant favor with subscribers,…

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Buy Dish TV India Ltd For Target Rs.76 – Religare Securities Ltd

Investment Rationale *  Dish TV witnessed a healthy growth in HD sales and a good traction coming in from sale of the ‘Zing’ brand, further strengthened its position as the fastest growing DTH player in the country. *  The newly introduced Sports driven packaging also found instant favor with subscribers,…

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Buy Mahindra and Mahindra Ltd For Target Rs.1300 – Angel Broking Pvt Ltd

*  The stock has reverted higher from its support levels of 1200-1210. *  The stock seems to have completed the correction seen from high of 1433 in August 2014. *  On hourly charts, the prices have given breakout of a ‘Falling Channel’ and thus we expect the stock to resume…

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