ONGC, Reliance a safer bet: Badkar

Badkar told CNBC TV18, “We have seen a lot of buying interest in ONGC and it has relatively done better. But if you look at the overall market at this point of time, ONGC and Reliance will relatively be a safer bet to be in. So if you want to play it long-short, apart from [...]

Hold Cipla; target of Rs 312: PINC Research

Cipla reported net sales of Rs 16,152 million up 22.6% which surprised positively primarily driven by the exports. However 60% of the export growth came from the ARV segment which disappointed as the same was at the cost of the margins. Domestic business grew by strong 14.7% driven by field force expansion and product launches. [...]

Manghnani`s view on cement sector

Manghnani told CNBC TV18, “Yes, I think a little surprised. I think the first 5% day before yesterday was warranted. But another 5% slightly is probably skewed it more towards the downside. But having said that I still think overall before this fall, cement was one of the strongest sectors, especially stocks like Ambuja and [...]

Manghnani`s view on cement sector

Manghnani told CNBC TV18, “Yes, I think a little surprised. I think the first 5% day before yesterday was warranted. But another 5% slightly is probably skewed it more towards the downside. But having said that I still think overall before this fall, cement was one of the strongest sectors, especially stocks like Ambuja and [...]

Buy Vivimed Labs; target of Rs 384: Nirmal Bang

Specialty chemicals players in a Personal care industry have to face huge entry barriers, as they have to follow stringent quality standards. An approval from any customer takes at least 2-3 years. Vivimed has legacy of 20 years plus and already made investment in terms of years. Today it is one of certified supplier and [...]

Buy Bharti Airtel closer to Rs 353-337 range: Manghnani

Buy Bharti Airtel closer to Rs 353-337 range, says Anil Manghnani, Modern Shares & Stock Brokers.Manghnani told CNBC TV18, “I would like to wait another day for Bharti Airtel because so many stocks post their numbers have shown different sort of reactions. We saw a reaction yesterday and then it pulled back and again it [...]

Enter Hindustan Zinc around Rs 122-115: Manghnani

Manghnani told CNBC TV18, “I think whenever you have a deep fall; it is normally led by largecap IT even if there is a short covering. I wouldn’t mind taking a punt in Hindustan Zinc. The stock had fantastic numbers it is falling from I think Rs 154. Purely I think some of the upside [...]

Angel Broking neutral on UltraTech Cement

For 4QFY2011, ULTC’s net sales rose by robust 20.9% qoq to Rs 4,490 crore on the back of higher dispatches and better realisation. Growth in dispatches was aided by a pick-up in demand across the country during the quarter. However, ULTC faced margin pressure during the quarter due to higher power and fuel, freight and [...]

Buy Hero Honda Motors; target of Rs 1891: Motilal Oswal

Hero Honda Motors’ 4QFY11 operating performance was above estimates with adjusted EBITDA margins of 11.5% (against our estimate of 10.8%) and adjusted EBITDA of Rs 6.13 billion (against our estimate of Rs 5.7 billion). Volume grew 22.6% YoY (~1.8% QoQ) to 1.45m units and realizations grew 6.7% YoY (2.7% QoQ) to Rs 36,795/unit (against our [...]

Angel Broking neutral on Titan Industries

Healthy growth in the jewellery and watches segments improves performance: During the quarter, Titan’s jewellery segment witnessed stellar growth of 39% yoy in revenue to Rs 1,373 crore (Rs 985 crore) on the back of higher gold prices, higher offtake of studded jewellery and overall strong volume growth (~20%). The jewellery segment also witnessed a [...]

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