Stocks you could BUY today: Mah Satyam, United Spirits, Cairn India

Stocks you could BUY today: Mah Satyam, United Spirits, Cairn India
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Stocks you could BUY today: Mah Satyam, United Spirits, Cairn India
  • 
	Mahindra Satyam
	
	Brokerage: Goldman Sachs
	
	Rating: BUY
	
	Target: Rs 109
	
	Rationale: Dollar revenues came in-line with estimates, EBIT margins compressed on account of one-off software amortization, forex impact and higher year-end SG&A provisioning. Satyam also announced its first ever dividend post its restructuring.

    Mahindra Satyam Brokerage: Goldman Sachs Rating: BUY Target: Rs 109 Rationale: Dollar revenues came in-line with estimates, EBIT margins compressed on account of one-off software amortization, forex impact and higher year-end SG&A provisioning. Satyam also announced its first ever dividend post its restructuring.

  • 
	United Spirits
	
	Brokerage: Deutshce Bank
	
	Rating: BUY
	
	Target: Rs 2700
	
	Rationale: While headline volume growth of 4% was disappointing, it has outperformed industry growth of 2%. Deutshce bank expects 20 billion rupees to flow in through preferential allotment in the first half of FY14.

    United Spirits Brokerage: Deutshce Bank Rating: BUY Target: Rs 2700 Rationale: While headline volume growth of 4% was disappointing, it has outperformed industry growth of 2%. Deutshce bank expects 20 billion rupees to flow in through preferential allotment in the first half of FY14.

  • 
	Bajaj Auto
	Brokerage: JP MORGAN
	
	Rating: UNDERWEIGHT
	
	Target: Rs 1800
	
	Rationale: The brokerage expects the stock to underperform given rising competition and the gradual industry shift to scooters in the product mix.

    Bajaj Auto Brokerage: JP MORGAN Rating: UNDERWEIGHT Target: Rs 1800 Rationale: The brokerage expects the stock to underperform given rising competition and the gradual industry shift to scooters in the product mix.

  • 
	Cairn India
	
	Brokerage: UBS
	
	Rating: BUY
	
	Target: Rs 445
	
	Rationale: Cairn's aggressive drilling plans with 450 wells, 9-rigs and capex of over two billion dollars over the next three years could show encouraging results. Growing netcash and a likely hike in dividend pay-out will be positive.

    Cairn India Brokerage: UBS Rating: BUY Target: Rs 445 Rationale: Cairn's aggressive drilling plans with 450 wells, 9-rigs and capex of over two billion dollars over the next three years could show encouraging results. Growing netcash and a likely hike in dividend pay-out will be positive.

  • 
	Mahindra Satyam
	
	Brokerage: Goldman Sachs
	
	Rating: BUY
	
	Target: Rs 109
	
	Rationale: Dollar revenues came in-line with estimates, EBIT margins compressed on account of one-off software amortization, forex impact and higher year-end SG&A provisioning. Satyam also announced its first ever dividend post its restructuring.
  • 
	United Spirits
	
	Brokerage: Deutshce Bank
	
	Rating: BUY
	
	Target: Rs 2700
	
	Rationale: While headline volume growth of 4% was disappointing, it has outperformed industry growth of 2%. Deutshce bank expects 20 billion rupees to flow in through preferential allotment in the first half of FY14.
  • 
	Bajaj Auto
	Brokerage: JP MORGAN
	
	Rating: UNDERWEIGHT
	
	Target: Rs 1800
	
	Rationale: The brokerage expects the stock to underperform given rising competition and the gradual industry shift to scooters in the product mix.
  • 
	Cairn India
	
	Brokerage: UBS
	
	Rating: BUY
	
	Target: Rs 445
	
	Rationale: Cairn's aggressive drilling plans with 450 wells, 9-rigs and capex of over two billion dollars over the next three years could show encouraging results. Growing netcash and a likely hike in dividend pay-out will be positive.

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