Geojit BNP Paribas
Retain ‘buy’ on Idea – TP hiked to Rs.110
Buy call on Idea Cellular has been maintained with a target price of Rs.110 over one year, as against the earlier target of Rs.85. The stock is currently quoted in the range of Rs.95.
Retain ‘buy’ rating on Kalpataru Power – TP Rs.181
Kalpataru Power has reported standalone sales of Rs.580 crore for 1QFY12. Sales is 7.2% higher yoy and 34% down qoq. Sales figure is lower than market estimates also. Shortfall in sales is due to delays in execution of transmission projects in Maharashtra on early arrival monsoons and delay in
infrastructure projects due to delay in approval from clients’ end.
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