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.
Jindal Steel & Power will declare its Q1 results today. The analysts are expecting the company to register 17% growth in profit after tax. The company has recently announced the decision to by CIC Energy in an all cash deal. The stock is trading marginally higher after touching intraday high and low of Rs 420.7 and 412.7 on NSE.
As per analyst estimates, the company can see a jump of nearly 30 per cent in revenue and EBITDA growth of nearly 16 per cent.
Stock market expert Hemant Thukral from Aditya Birla Money has suggested buy call for HDFC Bank on decline. There has been good activity in some mid cap PSU banks in recent times. Some banks have given good returns in year 2012. However, Hemant Thukral is bearish on smaller PSU banks.
He expects HDFC Bank and ICICI Bank to perform better and suggests buy call for HDFC Bank on decline.
Technical expert Sudarshan Sukhani of s2analytics.com has suggested buy call for BPCL. BPCL is currently trading at Rs 650.
Aditya Birla Money (AMB) has announced its first quarter financial results for the fiscal year 2010-11. Aditya Birla Money (AMB) is the retail broking arm of the Aditya Birla Group. According to the report, it has registered a significant 11% net profit rise in the reviewed quarter.
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