Networth Stock Broking is bullish on Visa Steel and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.
“VISA Steel, a part of Rs 5000 crore VISA Group, is an emerging integrated specialty steel company. It is engaged in the manufacturing of pig iron, lam coke, ferro chrome, sponge iron, captive power and soon entering into special steel products with its operations in Orissa and Chhattisgarh. Currently the stock is quoting at 8.4x on TTM EPS of Rs 4.2. We give BUY rating on Visa Steel Limited at current levels with FY12 price target of Rs 52, an upside of 47%,” says Networth Stock Broking research report.
Thursday 2 September 2010
Jaiprakash Associates Ltd
If you like buying good quality stocks at rock bottom price then "Distressed Stocks" section is for you. These are good company stocks but at almost 52 week low price.
Today's Stock is
Jaiprakash Associates Ltd
http://www.jalindia.com
For more details about Sterlite Industries Ltd click on the above links
Today's Stock is
Jaiprakash Associates Ltd
http://www.jalindia.com
For more details about Sterlite Industries Ltd click on the above links
Buy Reliance Industries: Baliga
Buy Reliance Industries, says Ambareesh Baliga, Karvy Stock Broking.
Baliga told CNBC-TV18, "We have been betting on Reliance for quite a while and even at these levels we feel that possibly the downside is very-very limited. It actually should not really have come below those Rs 950-960 levels but we took it as an opportunity to picked up at lower levels."
He further added, "There is nothing fundamentally wrong with Reliance as a company. The markets may not have liked those recent investments they have made but then for that I do not think this stock should have punished so much. So at these levels clearly we are buyers. We still feel that possibly next 15-18 months we should see the levels of Rs 1384-1400 which I think is a decent return from these levels."
Baliga told CNBC-TV18, "We have been betting on Reliance for quite a while and even at these levels we feel that possibly the downside is very-very limited. It actually should not really have come below those Rs 950-960 levels but we took it as an opportunity to picked up at lower levels."
He further added, "There is nothing fundamentally wrong with Reliance as a company. The markets may not have liked those recent investments they have made but then for that I do not think this stock should have punished so much. So at these levels clearly we are buyers. We still feel that possibly next 15-18 months we should see the levels of Rs 1384-1400 which I think is a decent return from these levels."
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