Bank of America
Merrill Lynch (BofA-ML ) has maintained its Buy rating on DLF Ltd with a
target price of Rs.300. BofA-ML reiterate Buy
on DLF with a revised price objective of.300 based on 15 % discount to net NAV
of Rs. 353, upside of 20 %. Key reasons are sales
value increa…
Showing posts with label Real Estate shares. Show all posts
Showing posts with label Real Estate shares. Show all posts
JK Cement Share - Value Pick by A. K. Prabhakar
Reco: Buy Expected Value Rs.404 Nifty Level 5888 JK Cement - Multi product
and multi region play One
of the largest cement manufacturers in North India & second largest producer of white cement
in India. Known
for brands like – JK Cement, Sarvashaktiman…
DLF Share: Risk Reward Attractive
Review by UBS
We maintain our ‘buy’ rating on DLF Ltd with a 12-month price target of Rs. 280, which is based on a 30 per cent discount to our NAV of Rs. 400. The discount factors in delays in efforts to cut debt and slower-than-expected execution ramp-up. That said, we sti…
India Cement Results: Mr. V. Srinivasan, Research Analyst, Angel Broking View
Views
of Mr. V. Srinivasan (Research Analyst,
Angel Broking) on India Cement 1Q FY 2013
Results : “India Cements posted a 13.2 % y o y growth in its standalone
topline to Rs.1,201 cr, which was slightly above our estimates. The topline
growth is expected to have been driven p…
Nagarjuna Construction Company : Target Price Rs. 45
For 1QFY2013, Nagarjuna Construction Company (NCC)’s
performance was significantly above and consensus estimates. However, the company continued its dismal show at
the EBITDAM level. The current outstanding order book of NCC stands at Rs. 20,520 cr (3.5x FY2013 E
revenue), wi…
DLF Ltd Share Price: May Touch Rs. 161
Nomura has maintained a ‘Reduce’ rating on India's
larges real estate developer DLF Ltd and set target price of Rs. 161. The management maintained its sales guidance of about
Rs. 6,000 crore to 6,500 crore for
2012-13, despite slower sales in 1QFY13. The launch momentum…
20 Real Estate Firms have raised Rs. 21,300 crore through IPOs
About 20 real estate companies have raised Rs. 21,306 crore through IPO (Initial Public offer) & FPO (Follow on Public offer) since 2005. According to a survey by Knight Frank India,''Of this, 68% was raised in 2007. As a leveraged balance sheet was strained a…
Share Review Nagarjuna Construction Company : Target Price Rs. 41
For 4Q FY 2012, Nagarjuna Construction Company (NCC) posted better than expected numbers on the revenue and earnings front. However, the company disappointed on the EBITDAM level. The current outstanding order book of NCC stands at Rs. 20,196 cr, with order inflow of Rs.…
Share Review JK Lakshmi Cement : Target Price Rs.79
JK Lakshmi Cement (JKLC) reported a strong performance for 4Q FY 2012, with the company’s adjusted net profit coming in at Rs.73 cr in 4Q FY 2012 as against Rs.32 cr in 4Q FY 2011. Bottom-line growth was driven by strong 12.8% y o y growth in realization, coupled with a …
Share Review DLF : Target Price Rs. 264
Goldman Sachs has rated share of DLF Ltd a ‘buy’ with a price target
of Rs. 264 following reports that the property developer is in advanced talks
with developers to sell its Lower Parel land. “We believe a selling price of Rs. 2900 crore will imply a debt reduction of nea…
Share Review Ashoka Buildcon : Target Price Rs.273
For 4Q FY 2012, on a consolidated basis, Ashoka Buildcon (ABL)
reported a decent set of numbers (adjusting for impact of change in
accounting policy in 4Q FY2 011). Order book as of 4Q FY 2012 stood at Rs. 4,967 crore (3.9x FY2012 E&C revenue), providing revenue visibil…
Share Review - Larsen and Toubro
L&T (Larsen and Toubro) posted a good set of numbers for 4Q FY 2012, which were broadly in-line with our expectations; however, the company disappointed on the order inflow front. As of 4Q FY 2012, L&T’s order backlog stands at Rs. 1,45,723cr, 11.0 % y o y growth. …
IPO Recommendation- Speciality Restaurants - Subscribe
Fine
dining food services chain speciality restaurants, which operates
multiple cuisine restaurants such as Mainland China, Oh! Calcutta and
Just Biryani, is debuting with its maiden IPO (initial public offering
at the price band of Rs. 146 to Rs. 155 per share.. Th…
Share Review : IRB Infrastructure Target Price Rs. 166
For 4Q FY 2012, IRB Infra (IRB Infrastructure) reported a modest set of numbers. The company’s revenue came in-line with expectations, but owing to better-than-expected performance at the EBITDAM level, earnings were higher than estimates. IRB Infra has decided to acquire 10…
Share Review Finolex Cables : Target Price Rs.60
For 4Q FY 2012, Finolex Cables (Finolex) reported
strong 21.1% quarter on quarter and 12.1% year on year growth in its top line to Rs. 605
cr. The company’s operating profit increased by whopping 45.9%year on year to Rs. 58 cr. OPM expanded by 2.23%
year on year and 1.36% qu…
Share Review Jindal Steel and Power
Citigroup has reiterated its ‘Buy’ rating on Jindal Steel and Power (JSPL)
It values JSPL’s power business using a discounted cash flow approach as power plants generate largely predictable cash flows for fixed time periods.
Citigroup said it prefers FCFE as individual pro…
Share Review : LICHFL Target Rs. 306
HSBC has maintained its ‘Overweight’ rating on LIC Housing Finance (LICHFL) revised its price target to Rs. 306 from Rs. 299. LICHFL is currently trading at 12 month rolling multiples of 10.8x P/E and 1.8x P/B, which is close to its 3 year average multiples. Given the bet…
Tata Sponge Iron : Target Price Rs. 420
For 4Q FY 2012, Tata Sponge Iron (TSIL) reported a 6% yoy decline in its revenue
to Rs. 184 cr, 15.5% higher than our estimate of Rs. 159 cr.
The company’s EBITDA margin came in at 13.9%, lower by 4.93% q o q, from 18.8% in 3Q FY 2012 due to increased raw-material costs as…
Share Review - NBCC Target Rs. 160
National Buildings Construction Corp (NBCC) has a negative EV as its market cap is less than the cash on books of Rs. 1,350 crore , which shows that you are getting business almost free. With no debt on books and financial strength the company is an attractive play in the …
BSE's Sensex : Dr. Reddy's to replace DLF Ltd
The BSE (Bombay Stock Exchange) said that pharma major Dr. Reddy's Laboratories will replace DLF Ltd in the benchmark 30 share Sensex.
The change will come into effect from June 11, 2012. Besides Sensex, there will also be revisions in sectoral as well as BSE - 100, BS…
