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Tuesday, September 27, 2005

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Pioneer Intermediaries - GE Shipping


GE Shipping Report

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AurionPro Solutions IPO analysis


Networth Stock Broking recommends AVOID

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BEL - Way2Wealth


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Motilal Oswal - Raymond


Motilal Oswal recommends Buy On Raymond @ 388 With Target Price 486

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Balmer Lawrie & Company


Cluster: Cannonball
Recommendation: Buy 
Price target: Rs 481
Current market price: Rs 410

Bright prospects
We remain optimistic about the business outlook of Balmer Lawrie and there is no deviation from our earlier stance on the stock. Our investment arguments about the company remain intact and we have factored in all the possible downside in our estimates. The growth rate that we have assumed for each of the company's businesses is in line with the outlook shared by the company's management in the AGM. We reiterate our Buy recommendation on the stock with a price target of Rs481.