Voltamp Trans has target of Rs 600-625
Suhas Samant of Sharkehan is of the view that Voltamp Transformers has target of Rs 600-625. Samant told CNBCTV18, “We are recommending Voltamp Transformers to the clients at this moment. The script is currently trading around Rs 450; our projection for the 2009 is around Rs 104 for EPS (Earnings Per Share) which gives the multiple of somewhere around 44.5. For FY10 we are expecting the EPS around Rs 125 and our price target for this scrip is around Rs 600-625 which amounts to Rs 6 for the PE multiple by that time.”
Bartronics has target of Rs 150
Suhas Samant of Sharkehan is of the view that Bartronics has target of Rs 150. Samant told CNBCTV18, “Bartronics is in a space of radio frequency, identification and smart card solutions. Company is trading around Rs 100 and earnings for FY09 is expected around Rs 22 which gives the multiple of somewhere around eight. Quarter on quarter the company is much better and order book is substantially high from the Bihar Government as well as the Delhi authorities. On this we are keeping a price target of Rs 150.”
RIL Infrastructure can test Rs 900
Technical Analyst, Ashwani Gujral is of the view that Reliance Infrastructure is looking extremely strong. It could head all the way up to Rs 900. Gujral told CNBCTV18, “Reliance Infrastructure seems to be extremely strong. It could head all the way up to Rs 900. Also, I like Lanco Infra in the infrastructure space. That has support around Rs 190. It could head up to Rs 293. SREI Infra also got beaten up a lot and it could head to about Rs 50. So, infrastructure along with other midcap groups is likely to outperform. As long as the Nifty stays above 3,1003,150, you will see a lot of participation and buying coming back into midcaps.”
Buy Tata Steel, Sterlite on decline
Analyst, Rajat K Bose is of the view that one can buy Tata Steel and Sterlite Industries on decline. Bose told CNBCTV18, “I would rather sell Tata Steel and Sterlite at higher levels of course that is a very shortterm strategy because Tata Steel on March 6, it was just below Rs 150, it has already advanced by about more than 100 per cent in 40 calendar days time. Today is the 45th day, so here you expect some kind of correction because it may actually come down some more and after that you actually take positions in that. Similarly for Sterlite, I would wait for some correction to happen before I enter into it.”
Suhas Samant of Sharkehan is of the view that Voltamp Transformers has target of Rs 600-625. Samant told CNBCTV18, “We are recommending Voltamp Transformers to the clients at this moment. The script is currently trading around Rs 450; our projection for the 2009 is around Rs 104 for EPS (Earnings Per Share) which gives the multiple of somewhere around 44.5. For FY10 we are expecting the EPS around Rs 125 and our price target for this scrip is around Rs 600-625 which amounts to Rs 6 for the PE multiple by that time.”
Bartronics has target of Rs 150
Suhas Samant of Sharkehan is of the view that Bartronics has target of Rs 150. Samant told CNBCTV18, “Bartronics is in a space of radio frequency, identification and smart card solutions. Company is trading around Rs 100 and earnings for FY09 is expected around Rs 22 which gives the multiple of somewhere around eight. Quarter on quarter the company is much better and order book is substantially high from the Bihar Government as well as the Delhi authorities. On this we are keeping a price target of Rs 150.”
RIL Infrastructure can test Rs 900
Technical Analyst, Ashwani Gujral is of the view that Reliance Infrastructure is looking extremely strong. It could head all the way up to Rs 900. Gujral told CNBCTV18, “Reliance Infrastructure seems to be extremely strong. It could head all the way up to Rs 900. Also, I like Lanco Infra in the infrastructure space. That has support around Rs 190. It could head up to Rs 293. SREI Infra also got beaten up a lot and it could head to about Rs 50. So, infrastructure along with other midcap groups is likely to outperform. As long as the Nifty stays above 3,1003,150, you will see a lot of participation and buying coming back into midcaps.”
Buy Tata Steel, Sterlite on decline
Analyst, Rajat K Bose is of the view that one can buy Tata Steel and Sterlite Industries on decline. Bose told CNBCTV18, “I would rather sell Tata Steel and Sterlite at higher levels of course that is a very shortterm strategy because Tata Steel on March 6, it was just below Rs 150, it has already advanced by about more than 100 per cent in 40 calendar days time. Today is the 45th day, so here you expect some kind of correction because it may actually come down some more and after that you actually take positions in that. Similarly for Sterlite, I would wait for some correction to happen before I enter into it.”
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