Tuesday, July 12, 2011

Analysts' corner Bse Nse Stock

 Power Grid Corporation of India & Gujarat Alkalies and Chemicals

Reco price: Rs 108
Target price: Rs 124

CERC has approved setting up of nine high speed transmission corridors at a cost of Rs 58,100 crore, which significantly improves the company’s business visibility. Nine high speed transmission corridors to route 42Gw capacity, being set up by independent power producers, will accelerate spending and drive the company’s top line. In FY11, fixed asset capitalisation was Rs 7,400 crore, up Rs 3,600 crore y-o-y, far higher than historical averages of Rs 3,300 crore. Maintain Buy.

—Karvy Stock Broking

Reco price: Rs 132
Target price: Rs 150

Gujarat Alkalies and Chemicals has announced impressive set of numbers for Q4FY11. The company achieved net sales of Rs 401 crore, depicting a growth of 16.5 per cent q-o-q. Net profit at Rs 56 crore was higher by 192 per cent. To maintain its leadership position in its
  and diversification plan of about Rs 2,800 crore. Buy.
chlor-alkali sector, and to tap new revenue fronts, it has gone for a massive expansion

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