Buy Crompton Greaves, target of Rs 365: Hem

Hem Securities has recommended a buy rating on Crompton Greaves with a target of Rs 365 in its August 22, 2009 research report.

"The company has reported good set of numbers for the quarter ended June 2009. Net sales stood at Rs.21975.20 million up by 8.00% from the corresponding quarter last fiscal, thereby converting in operating profit of Rs.2476.00 million. Looking at the strong financial and quarterly results, we recommend 'BUY' on this stock with a medium-term price target of Rs.365.00," says Hem Securities' report.
Source: Money Control

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Markets are up today.

Markets yet in green still didn’t give up its morning gains.

Our stock most targets achieved.

Sugar stocks have surged followed by real Estate stocks.

Good global cues. All Asia has ended in green. Europe has opened a higher note.

Major gainers are – (In A Group)

India Infoline

Guj. Mineral Dev

MMTC Ltd.

HDIL

Lanco Infratech Ltd.

Major Losers (In A Group)

RelianceCommu.Ltd

Crompton Greaves

Sun TV Network Ltd.

Power Finance Co

Tata Power Co.

Sugar stocks such as Balrampur chini , Shree renuka sugar, Bajaj Hindustan have shoot up.

Unitech as also up 10%.

At 2.42PM Sensex is up 98 points and is at 9788.61

By

Mohit M. Mankani.

(Co-Owner of Mind The Street)

Happy Investing.

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