TopNews

PINC Research has maintained buy rating on IRB Infrastructure Developers Ltd with a price target of Rs 301 in its report dated Dec 15, 2010.

As per report, IRB Infra is a proxy play on the Indian road sector. NHAI awarding is expected to pick up in CY11, IRB is the largest BOT operators in India with in-house execution capabilities; it currently has 16 BOT projects in its portfolio, of which ten are operational, five are under construction, and one is in advance stages of financial closure. IRB appears well positioned to add projects worth US$1bn (about 4-6 BOT projects per annum) without any equity dilution.

PINC Research has maintained buy rating on HCL Technologies Ltd with a price target of Rs 488 in its report dated Dec 15, 2010.

The report said that uptick in discretionary IT spend will continue to provide robust revenue growth for HCL Tech. Recovery of the BPO segment will also provide support to operating margin in FY12. Further strengthening of EUR against USD will have positive near-term impact.

What will move the stock?

1) Robust volume growth of 7.4% QoQ in Q2FY11;
2) Broad based growth across key verticals;

PINC Research has maintained buy rating on Godawari Power & Ispat Ltd (GPIL) with a price target of Rs 276 in its report dated Dec 15, 2010.

As per estimations, GPIL would record earnings CAGR of 50% over FY10-12 on volume growth and margin expansion, driven by the recently-commissioned Ari Dongri mine, 0.6mtpa pellet plant, and 20MW biomass power plant. The 0.6mtpa pellet plant of Ardent Steel (75%-owned subsidiary) is expected to provide additional earnings growth, but this is not factored into our estimates.

What will move the stock?

PINC Research has maintained buy rating on Apollo Tyres Ltd with a price

Technical analyst A. K Prabhakar of Anand Rathi has maintained 'sell' rating on State Bank of India Limited stock with a target of Rs 2400.

Mr. Prabhakar added that it is better to sell SBI stock at this time as there are chances of downfall in the coming days.

The interested investors can enter the stock again on declines to reap gains in the medium and long term, he added.

Today, the stock of the bank opened at Rs 2783.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Bank of Baroda stock with a 1-2 day target of Rs 925.

The analyst said that the stock can be bought with a stop loss of Rs 890.

Today, the stock of the bank opened at Rs 902 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1050 and a low of Rs 494.50 on BSE.

Current EPS & P/E ratio stood 97.06 and 9.20 respectively.