Several major brokerage houses have given a buy call for private banking major IndusInd Bank. Nirmal Bang has given buy call with target price of Rs 413 in October research report. The bank has announced results as per analyst expectations and stock closed at Rs 363 today.
Prabhudas Lilladher gave buy rating to the stock with target price of Rs 400. The report expressed satisfaction over asset quality of the bank and lower credit cost during the first half of financial year.
Market experts at KR Choksey have given a reduce rating for private banking major Kotak Mahindra Bank with a target price of Rs 545. KR Choksey research report has maintained a positive outlook for the bank for long term strong fundamentals. However, it highlights limited upside from current levels.
Technical House KRChoksey has suggested buy call for SBI. The stock is good for long term. SBI is pioneer in Indian banking Public sector. The stock has touched 52-week high and low of Rs 2657 and 1571 respectively.
SBI is trading currently with a P/E ratio of 16. Market expert Dilip Bhat has also suggested buy call for State Bank of India.
Pharmacetical major Cipla is good defensive bet at current levels, as per market experts at KR Choksey. The recently declared results of Cipla were as per market expectations. The net profit for Q4 was up by 36.5 per cent at Rs 292 crore compared to same quarter previous year.
KRChoksey has suggested buy call for IRB Infrastructure with a target price of Rs 188. In a research report released on 10 May, 2012, KRChoksey has suggested lower price target of Rs 188 compared to earlier target of Rs 221.
IRB Infrastructure Developers stock is currently trading at Rs 112. The stock recovered from today's low of Rs 104 to end the day at Rs 112. IRB Infrastructure Developers has touched a 52-week low of Rs 100. With a market capital of Rs 3735 crore and P/E ratio of 22.5, the stock is little expensive compared to peers in infrastructure sector.
KRChoksey has maintained its buy rating on Rolta India Limited stock with a target of Rs 175.
The interested investors can sell the stock at Rs 169.80 with a strict stop loss of Rs 166.80.
The stock of the company, on Oct 07, closed at Rs 169.20 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 210 and a low of Rs 158 on BSE.
The company is eyeing to develop by over 15% in fiscal 2012, as the licenses inked in 2010 start fetching profit as the company taps chances in a resurgent domestic market.
PVR, the multiplex major, plans to spend about Rs 250 crore on the set up of more screens nationwide, in next two to three years.
The company intends to pump about Rs 150 crore in the movie exhibition business, and Rs 100 crore on movie production and bowling alleys brand Blu-O-Rhythm & Bowl.
The firm plans to add about 57 screens across its 10 properties, to grow the total number of screens to 165, compared to the current 108, by the end of this fiscal.
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