Emkay Global Financial Services has come out with its report on various stocks. The research firm is bullish on Gujarat Gas and Bharti Airtel while bearish on GSK Pharma and has recommended reduce rating on the stock. It has a hold rating on Ashok Leyland, Manappuram General Finance in its November 4, 2011 research report.
Emkay Global Financial Services research report
Gujarat Gas Company
During the quarter company has faced margin pressure backed by high cost of RLNG, which constitute of almost 35% of the total raw material consumption. RLNG is expected to be a continuing feature in the company
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