Posts tagged Sharekhan
Buy: Punj Lloyd, target Rs. 532
Sep 28th
Source: Sharekhan
Recommendation: Buy
Price target: Rs 532
Current market price: Rs 283
Punj Lloyd has won 2 orders this week. The first, to engineer, procure, install and commission a 211km pipeline with associated stations and infrastructure in Qatar — an $800 million contract (Rs. 3636 crore) from Qatar Petroleum for a gas transmission project, while the second order is much smaller at $42 million (about Rs. 190 crore) for an onshore drilling project in Libya. Continue reading “Buy: Punj Lloyd, target Rs. 532” »
BUY: KEI Industries, target Rs84
Jun 21st
Source: Sharekhan
Recommendation: Buy
Price target: Rs84
Current market price: Rs47
Price target revised to Rs84
Result highlights
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KEI Industries (KEI) has reported an increase of 24.6% in its revenues to Rs258.5 crore for Q4FY2008. The growth in its sales is in line with our expectations.
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During the quarter the company made provisioning for mark-to-market losses of Rs3.67 crore on its exposure to foreign currency derivatives made for the purpose of hedging currency and interest rate-related risks.
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Adjusting for the provisioning, the operating profit grew by 7.9% to Rs27 crore, translating into an operating profit margin (OPM) of 10.5%. Thus, in Q4FY29008 the OPM declined by 160 basis points year on year (yoy). Continue reading “BUY: KEI Industries, target Rs84” »
BUY: Opto Circuits India
May 13th
Opto Circuits India
Source: Sharekhan
Recommendation: Buy
Price target: Rs460
Current market price: Rs338
Key points
# Opto Circuits India’s (Opto) non-invasive business is expected to grow at a compounded annual growth rate (CAGR) of 39.5% over FY2007-10E to Rs550.7 crore on the back of rising demand for its sensors and patient monitoring systems, coupled with an increasing market penetration and innovative new launches.
# The invasive business would be driven by the increasing acceptance of the company’s stents due to superior technology and better pricing. Further, the growing revenues from DIOR in Europe and the semi-regulated markets due to limited competition would also fuel the growth of the invasive segment. We expect the invasive segment (EuroCor) to contribute ~43% to the company’s total revenues by 2010. Continue reading “BUY: Opto Circuits India” »
