recos

There were very tempered reactions to the TRAI recomendations yesterday. Shubham Majumder, Telecom Analyst at Macquarie Securities discusses the implications of the recomendations on companies like Bharti, Reliance, Tata Tele and the likes. He says that recommendations have no major negative...

Bharat Electronics Research: Enam Securities Recommendation: Outperformer CMP: Rs 1,428 (Face Value Rs 10) 12-Month Price Target: Rs 1700 Bharat Electronics (BEL's) FY06 results were largely in line with the expectations, with net sales up 10.8% to Rs 3,560 crore. EBIDTA rose 19% to Rs...

Hero Honda Motors Research: UBS Investment Recommendation: Buy CMP: Rs 853 (Face Value Rs 2) 12-Month Price Target: Rs 1,010 Over the past two months, the Hero Honda stock has declined 11%, against 10% rise in the sensex. While part of the underperformance may be a result of concerns on...

Subhash Project Research: Emkay Recommendation : Buy CMP: Rs 214 (Face Value Rs 2) 12-Month Price Target: Rs 294 SPML has a current order book of over Rs 2,100 crore (110% up from Rs 1,000 crore a year ago) to be executed in the next 24-30 months. This puts the order book at 5.8x FY06E...

Yes Bank Research: Anand Rathi Securities Recommendation: Buy CMP: Rs 85 (Face Value Rs. 10) 12-Month Price Target: Rs. 107 Yes Bank, founded in August '04, is the only Greenfield private sector bank to come up in the last decade. Yes Bank has registered growth of its balance sheet to a...