House Chitter Chatter

ISEC recommends BUY on BPCL at 371 with a 12 month target of 540-566.BPCL seems attractive on current valuations given the robust outlook on refining margins and benign Government policy on under-recovery sharing. Proposed reforms on CST, octroi and a possible fuel price increase post the Uttar Pradesh elections would provide further impetus.

ISEC recommends BUY on Mahindra & Mahindra at Rs.735.EBITDA margin expansion is likely to drive net profit growth of 28.8% YoY.

ISEC recommends BUY on Indraprastha Gas at Rs.110. Net income expected to surge 20.7% YoY to Rs360mn. CNG, PNG volumes and depreciation are the key factors to watch for

KR Choksey says Patel Engineering is the cheapest stock amongs its peers
and can deliver good returns.

CLSA recommends RCOM with a price target of 514

Prabhudas Lilladher recommends Dabur at CMP of Rs 98 which is trading at
25.2x FY08 earnings and at 21.5x FY09 earnings. They continue to remain positive on the company and believe that Dabur would be able to sustain its premium valuations in view of its strong growth appetite. Therefore maintain an Outperformer on the stock at the current levels.

Man Financial upgrades NIIT Tech to BUY with a target of 660 which is
12x FY09E earnings.

SSKI recomends OUTPERFORMER on BPCL with a price target of 431

SSKI recommends Centurion Bank of Punjab with a OUTPERFORMER