Buzzing Stocks

M&M Financial registers 42% growth in Q4 net profit; scrip jump 7%

M&M Financial registers 42% growth in Q4 net profit; scrip jump 7%Mahindra & Mahindra Financial Services Ltd, the wholly-owned subsidiary of automotive giant Mahindra & Mahindra, has posted a net profit of Rs 109.95 crore for the quarter ended March 31, 2009 as compared to Rs 76.90 crore for the quarter ended March 31, 2008.

In addition, the company has also registered jump in its total income from Rs 364.09 crore for the quarter ended March 31, 2008 to Rs 401.50 crore for the quarter ended March 31, 2009.

Amtek Auto in talks to acquire OISL, stock shoots up 13%

Praj Industries Limited Results Analysis: Nirmal Bang

Praj Industries Limited Results Analysis: Nirmal BangRevenue declined by 0.95 % YoY to Rs. 209.3 crs for 4Q 09, whereas it increased 10.12% to Rs. 774.4 crs in FY 2009.

Operating profit declined by 8.94% y?o?y to Rs. 59.7 crs for 4Q 09, while it increased 26.2% to Rs. 182.0 crs for the year driven by decline in raw material costs. Raw material costs as a percentage of revenue declined from 52.3% in FY 2008 to 49.5% in FY 2009

Depreciation increased by 45.3% in 4Q 09. Whereas in FY 2009 it increased by 47.7% to Rs. 8.2 crs.

Sell Reliance Capital – Nirmal Bang

Sell Reliance Capital – Nirmal BangNirmal Bang Research has maintained ‘Sell’ rating on Reliance Capital stock to achieve a target that lies between Rs 475-430.

According to research report, investors can sell the stock with a strict stop loss of Rs 517.

Today (April 23), the stock opened at Rs 512.25 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 41.65 and 12.05 respectively. The share price has seen a 52-week high of Rs 1620 and a low of Rs 274.20 on BSE.

Nirmal Bang is of the view that investors should sell the stock today in order to avoid loss.

Nirmal Bang Issues ‘Sell’ Call On ‘BHEL’ To Achieve Target Price Of Rs 1505 to Rs 1440

Nirmal Bang Issues ‘Sell’ Call On ‘BHEL’ To Achieve Target Price Of Rs 1505 to Rs 1440Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can sell BHEL with a target price of Rs 1505-1440.

According to experts at Nirmal Bang, interested traders can sell the stock below its 13-day EMA of 1575, with a stop loss of Rs 1630.

Buy Moser Baer, Target Rs 78: Nirmal Bang

Buy Moser Baer, Target Rs 78: Nirmal BangNirmal Bang Research is bullish on Moser Baer (India) Limited and maintained ‘Buy’ rating on the stock to achieve a target between Rs 69-78 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 58.

Shares of the company, on Wednesday (April 22), closed at Rs 62.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 201.30 and a low of Rs 41.10 on BSE.

According to Nirmal Bang report, the structure looks very positive, so buy the stock and hold, if it maintains above Rs 67, a big move is expected.

Pages