Prabhudas Lilladher is bullish on Sadbhav Engg has recommended buy rating on the stock with a target price of Rs 340 in its research report dated February 9, 2016.
The infrastructure company had clocked a net profit of Rs 37.73 crore for the corresponding quarter of the previous fiscal, it said in a BSE filing.
DLF | Jaiprakash Associates | TVS Tyres | Jet Airways | Tata Power | Indo Count | PC Jeweller | Cummins | KPIT Technologies | Rallis India | Glenmark | Info Edge | Jamna Auto | Borosil Glass Works | Vakrangee | AstraZeneca | McDowell Holdings | PTC India | Claris Life and Sobha are stocks, which are in the news today.
Credit Suisse looked at previous cycles, and as expected, many companies with linkages to the rural economy do well during La NiÃ±a periods.
Parag Thakkar of HDFC Securities is of the view that Jamna Auto is the top pick from the auto space and likes Sadbhav Engineering and KNR Constructions.
R Sreesankar Head - Institutional Equities at Prabhudas Lilladher likes Ashoka Buildcon and Sadbhav Engineering from the engineering space.
Sudarshan Sukhani and Mayuresh Joshi both believe that softness for the market is likely to continue for some more time. Sukhani says 7240 on the Nifty is likely to be tested and breached going forward.
Amisha Vora of Prabhudas Lilladher likes Ashoka Buildcon and Sadbhav Engineering.
Ajay Bodke of Prabhudas Lilladher is of the view that one may prefer Cummins India, Sadbhav Engineering and Allcargo Logistics.
The tightening of monetary policy in the United States and an economic slowdown in China has weighed, and will likely continue to weigh on risk assets worldwide, says noted analyst Saurabh Mukherjea.
According to market expert, Anand Tandon, there is no sector currently in the market, which is cheap but there are some smallcaps and midcaps that are doing well
Ajay Bodke of Prabhudas Lilladher is of the view that Sadbhav Engineering is a top pick.
Rakesh Arora, Head of Research-India at Macquarie Capital Securities is bullish on sectors like infrastructure in road and railways, consumer discretionary and pharmaceutical. He is neutral to negative on banks and IT.
Angel Broking has recommended a neutral rating on Sadbhav Engineering in its November 09, 2015 research report.
Mayuresh Joshi of Angel Broking likes MBL Infrastructures from the infra space.
Based on capex study, Suhas Harinarayanan of JM Financial continues to favour retail focused companies and only a few select capex themes in India.
Stocks in limelight are: Lupin, GMR Infrastructure, SREI Infrastructure Finance, Glenmark Pharma, C&C Constructions, Elder Pharmaceuticals, Future Retail, Sadbhav Engineering, Indiabulls Housing Finance.
The stock touched an intraday high of Rs 112.45 and low of Rs 106 amid traded volume of 1.3 crore equity shares.
Jigar Shah, CEO at Kim Eng Sec India recommends buying IL&FS Transportation Networks.
In an interview with CNBC-TV18, R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher says that banking and financial sector will be one of the first to benefit from economic growth.
In fact, it was better than expected listing because analysts were expecting to be bad debut due to its debt burden of Rs 6,600 crore.
Sadhva Infra's Director Nitin Patel says the company recently got approvals for four special purpose vehicles, and also a reduction of 120-130 basis points on its loans from lenders. The company's total debt stands at Rs 6600 crore, and these cuts are expected to save the company around Rs 60 crore.
Prabhudas Lilladher has come out with its report on India Strategy & Top Ideas. According to the research firm, HDFC Bank, Infosys, State Bank of India, ICICI Bank, Larsen & Toubro, Maruti Suzuki, Tata Motors, Indian Oil Corporation, IndusInd Bank are the top picks from Large Cap space.
According to R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher, HDFC Bank and Infosys are the top picks and likes State Bank of India, ICICI Bank, Larsen & Toubro, Maruti Suzuki India, Tata Motors, IndusInd Bank and Indian Oil Corporation.
Sanjeev Prasad of Kotak Institutional Equities has cut his forecast of Nifty companies (combined) earnings per share to Rs 450 and expects aggregate earnings to grow 12 percent istead of 18 percent as forecast earlier