- 01:10 AM RIL offers to buy Dutch company LyondellBasel
- 05:51 PM In good spirits: Beam Global bets big on India
- 05:47 PM Trellisys.net: Cashing in on the social networking...
- 05:34 PM Obama asks Americans for patience on economy
- 05:34 PM Italy arrests Pakistanis suspected of Mumbai links
- 04:37 PM Govt plans rice reserve sale in local markets
- 04:22 PM Aurobindo Pharma sees $2 bn sales in next 3 ye...
- 04:07 PM Now, Daigeo's duty free products are under DRI len...
- 03:11 PM RBI's new forex derivative rule too liberal, say e...
- 02:30 PM Implications of tax treaty re-negotiation
Karvy Stock Broking has recommended buy rating on Union Bank of India, with price target of Rs 326, in its report dated November 6, 2009.
"We revise our earning estimates to factor in lesser credit growth assumption of 18.7% compared to 20.7%, much higher treasury income and higher credit costs; we increase our FY10 and FY11 earning estimates by 0.96% and 1.9% respectively and increase our target price by 3.2% to Rs326. We upgrade our rating on the stock to BUY from Out Performer with a target price of Rs 326." says Karvy.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment.........
Attachments : Daily 06-11-09.pdf |
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