Sell Ambuja Cements - Indiabulls Securities (Report)

Indiabulls Securities Research has maintained its sell rating on Ambuja Cements in its July 30, 2009 research report.

"Ambuja Cements’ results for Q2’09 were a mixed bag. While net sales grew by 18.2% yoy led by a healthy growth in sales volumes and realisations, the EBITDA margin declined by 248 bps yoy and the adjusted net profit fell 3.7% yoy. Our revised fair value estimate of Rs. 92 per share reflects a 10.4% downside from the current market price; hence we maintain our Sell rating," says Indiabulls Securities' research report.

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Accumulate HDIL, target of Rs 280 says Prabhudas Lilladher

Prabhudas Lilladher has maintained its accumulate rating on Housing Development and Infrastructure (HDIL) with a target of Rs 280 in its July 29, 2009 research report.

"HDIL reported revenues to the tune of Rs 2,954 million, a decline of 48% YoY. Revenues were largely led by sales of TDRs. The company sold 1.8 million TDRs during the quarter at an average rate of Rs 1,500/sq.ft. HDIL generated approximately 2 million sq.ft of TDRs during the quarter and currently has 0.5 million sq.ft of TDRs in its inventory. The company reported strong EBITDA margins of 83% due to the large proportion of TDR sales which led to profits increasing by 73.6% QoQ. We have estimated HDIL’s NAV at Rs 312/share. We are valuing the company at 10% discount to NAV which translates to Rs 280. We maintain ‘Accumulate’ rating on the stock," says Prabhudas Lilladher's research report.

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Buy Sterlite Industries says KRChoksey

KRChoksey has recommended a buy rating on Sterlite Industries, in its report dated July 30, 2009.

"Sterlite’s strength lies in its strong balance sheet and lowest cost of operations; with companies foray in to power business its profitability will go up further from next financial year. We value the firm by SOTP method which gives us a valuation of Rs 734 per share and recommend buy rating on the stock," says KRChoksey's report.
Source : Money Control

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Syndicate Bank Q1 results

The Bank has posted a net profit of Rs 2615.60 million for the quarter ended June 30, 2009 as compared to Rs 878.90 million for the quarter ended June 30, 2008. Total Income has increased from Rs 22788.00 million for the quarter ended June 30, 2008 to Rs 29748.60 million for the quarter ended June 30, 2009.

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ABB Q2 results

ABB has posted a net profit of Rs 836.084 million for the quarter ended June 30, 2009 as compared to Rs 1318.102 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 16376.209 million for the quarter ended June 30, 2008 to Rs 15258.705 million for the quarter ended June 30, 2009.

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Hindalco Industries Q1 results

Hindalco Industries has posted a net profit of Rs 4805.60 million for the quarter ended June 30, 2009 where as the same was at Rs 6967.60 million for the quarter ended June 30, 2008. Total Income is Rs 39748.10 million for the quarter ended June 30, 2009 where as the same was at Rs 48621.90 million for the quarter ended June 30, 2008.

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Aban Offshore Q1 result

Aban Offshore has posted a net profit of Rs 1108.511 million for the quarter ended June 30, 2009 as compared to Rs 1236.966 million for the quarter ended June 30, 2008. Total Income has increased from Rs 7702.095 million for the quarter ended June 30, 2008 to Rs 8034.088 million for the quarter ended June 30, 2009.

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NALCO Q1 results

NALCO has posted a net profit of Rs 1264.50 million for the quarter ended June 30, 2009 as compared to Rs 5253.30 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 15937.00 million for the quarter ended June 30, 2008 to Rs 10365.00 million for the quarter ended June 30, 2009.

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Tata Power Q1 results

Tata Power has posted a net profit after tax and Statutoty Appropriations of Rs 3969.70 million for the quarter ended June 30, 2009 as compared to Rs 1625.50 million for the quarter ended June 30, 2008. Total Income has increased from Rs 21133.30 million for the quarter ended June 30, 2008 to Rs 21232.00 million for the quarter ended June 30, 2009.

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Videocon Industries Q3 results

Videocon Industries has posted a net profit of Rs 1243.50 million for the quarter ended June 30, 2009 as compared to Rs 2550.70 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 26204.30 million for the quarter ended June 30, 2008 to Rs 24727.60 million for the quarter ended June 30, 2009.

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