Lupin Q3FY2011 results were in-line with estimates but single digit growth on US segment front was the disappointment. The management attributed this to inventory rationalisation in channels and change in accounting policy for rebates. Going ahead the company expects inventory in channels to pick-up to normal level. We recommend BUY on the stock with a target price of Rs537 valuing the stock at 22x FY2012E earnings. We believe the recent weakness in stock is a good entry point as long term drivers (OC launches in US, improvement of margins in Japan business, strong growth in India and other markets) are intact.
Director N. Shankar's upcoming film Telugu film Jai Bolo Telangana has been finally granted an `A' certificate by the Censor Board. There have been lots of disruptions in the screening of other Telugu movies because of the delay of the censoring of this film.
Donald Sutherland 75, one of the most admired veteran stars of Hollywood was honored with a Hollywood Star of Fame on Wednesday the 26th of January.
It has been known by all by now that rapper 50 Cent and American model as well as stand-up comedian Chelsea Handler are no longer a couple. However, things are getting clear with time that it was Chelsea, who dumped the rapper and decided to end the relation.
Actress Kate Hudson was spotted with fiancé rocker Matt Bellany, mom Goldie Hawn and step dad Kurt Russell at the high-end Knights bridge restaurant Zuma for a late night dinner after she had appeared for an exclusive television show recently.Motilal Oswal Financial Services has reiterated its BUY recommendation on Shriram Finance (SHFL), assigning a target price of Rs 1,175, implying an upside potential of nearly 29% from the current m
News in Focus
Featured, India Business, Analyst View, Stock Markets, Finance Sector, India, Motilal Oswal, Shriram Transport Finance
Featured, India Business, Analyst View, Stock Markets, Honasa Consumer, ICICI Securities, India, Retail Sector
ICICI Securities has reiterated its BUY recommendation on Honasa Consumer Limited, raising its target price to Rs 550 from Rs 500, implying an upside potential of nearly 32% from the current market
Featured, India Business, Analyst View, Agriculture, Balkrishna Industries, Geojit Financial Services, India
Geojit Financial Services has upgraded Balkrishna Industries (BKT) to a BUY rating and assigned a 12-month target price of Rs.
Motilal Oswal has a Buy with a Rs 530 target — 24% upside from Rs 426.
Indian Renewable Energy Development Agency (IREDA) continues to demonstrate strong balance-sheet expansion despite a temporary slowdown in profitability caused by elevated provisioning and foreign
IDBI Capital has maintained its BUY recommendation on Apeejay Surrendra Park Hotels Ltd.
Main Regional Stories
Featured, India Business, Analyst View, Auto Sector, Bajaj Auto, Geojit Financial Services, Maharashtra
Geojit Financial Services has upgraded Bajaj Auto Limited to a BUY rating from HOLD, assigning a 12-month target price of Rs. 11,735, implying an upside potential of approximately 12% from the current market price of Rs. 10,460.
Keynote Capitals has maintained its BUY recommendation on Yatra Online Limited, assigning a target price of Rs. 206 against the current market price of Rs. 98, implying a potential upside of approximately 110%.
Tata Steel share price declined 1.8 percent on Friday after reports of fire at its UK-based steel plant. The company shared the fire was contained but there was damage at the steel plant.
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Indo Count Industries, Textile Sector
ICICI Securities has retained its BUY call on Indo Count Industries, setting a revised 12-month target of Rs 418, versus a current market price of Rs 344.
