ICICI Direct Research Report on Bharti Airtel: Recommend Strong Buy

ICICI Securities has become very bullish on India's largest telecom company Bharti Airtel and has recommended a strong buy on the stock with a target price of 420 which is good 37% appreciation from the current market price of 306 as on 13th July 2012. 

The brokerage report says "Using the DCF methodology for valuing Bharti and assuming a revenue CAGR of 7.9% in FY12-20E and a terminal  growth  of  3.0%  thereon,  we have arrived at a target price of  Rs 420. The risk reward seems to be favourable at this point. We rate the stock as STRONG BUY"

Bharti Airtel Research Report - 2012

Bharti Airtel, being the largest telecom company in India, is being tracked by almost all major broking and research houses in India. 

Following are some of the latest research reports covering the prospects of Bharti Airtel in immediate future.

Bharti Airtel Research Report by Motilal Oswal , Angel Broking,  Prabhudas Liladhar

JP Morgan downgrades SKS Microfinance

JP Morgan has cut the price target of SKS Microfinance from Rs 550 to Rs 200 due to its poor business outlook.

JP Morgan expects that the company will report a loss of close to 700 crores in the current fiscal year.

The SKS microfinance stock has reacted to this downgrade and the stock has corrected more than 16% to Rs 345 this morning.

Buy CESC - Recommends Angel Broking

Angel Broking is bullish on CESC and has recommended buy rating on the stock with a target of Rs 380 in its May 3, 2011 research report. The CMP of CESC is Rs 287. At the CMP, the stock is trading at 6.9x FY-13E EPS and 0.7x FY-13E P/BV. Retail Business and real estate business of CESC is valued by them at Rs 15 & Rs 11 Per share.



Download the full report here - http://www.moneycontrol.com/news_html_files/news_attachment/2011/CESC_AngelBroking_050511.pdf

Buy Crompton Greaves - Recommends Prubhudas Liladhar

Prabhudas Lilladher is bullish on Crompton Greaves (CG) and has recommended accumulate rating on the stock with a target of Rs 304 in its April 29, 2011 research report.

The current market price of the stock is 250. The stock is currently trading at 15.5x and 13.3x its FY12 and FY13 estimated earnings, respectively.

Download the full report from the below link

 

http://www.moneycontrol.com/news_html_files/news_attachment/2011/Crompton_Greaves_PL_020511.pdf

Firstcall Research - Buy PFC target 262

Firstcall Research has recommended a buy on Power Finance Corporation with a price target of 262 in medium term. Download the full research report here http://www.moneycontrol.com/news_html_files/news_attachment/2011/PowerFinCorp_FirstCall_290411.pdf

Firstcall Research: Buy Federal Bank - Target 523

Firstcall research has comeout with a buy rating on Federal bank. The research report can be downloaded from this link.

http://www.moneycontrol.com/news_html_files/news_attachment/2010/FederalBk_FirstCall_071210.pdf