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jaiprakash (Citi) Maintain Buy (1M): Cutting Target Price to Rs100 |
4QFY11 PBT Inline - Lower taxes lead to profit beat; Real estate/cement neutralizes construction disappointment; EPC/ cement outlook; Long-term EPC visibility improves; Cutting target price to Rs100; Key for stock performance in FY12E
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 18 May 2011 |
buy |
100 (from 114) |
81 |
Citi Report |
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Reports.DesiStockResearch.com |
|
jaiprakash associates (ICICIsec) Results in line |
Q4FY11 results largely in line with our estimates; Construction segment margins continue to be volatile
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Reports.DesiStockResearch.com |
|
jaiprakash associates (JPMorgan) Cement pricing and construction margins disappoint in 4Q |
JPA 4Q standalone results came in below expectations:; JPA has underperformed markets
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 16 May 2011 |
neutral |
100 |
87.45 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
|
jp associates (Angel) JP Associates |
|
jaiprakash associates (CreditSuisse) Construction margins disappointed but 4Q11 results in line |
Cement surprises, construction margins weak; Cut FY12E-13E EPS by 4-13%; maintain OUTPERFORM
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 16 May 2011 |
outperform |
123 (from 140) |
87 |
CreditSuisse Report |
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Reports.DesiStockResearch.com |
|
jaiprakash (Citi) Real Estate Cement Neutralize Construction Disappointment |
|
4QFY11 PBT inline; lower taxes lead to profit beat; Real estate/cement neutralize construction disappointment; EPC/ cement outlook; Long-term EPC visibility improves; JP Power: FY11 PAT 40% ahead of expectations; JP Infratech: solid FY11 but project might be delayed
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 16 May 2011 |
buy |
114 |
87 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
|
jaiprakash associates (Emkay) Cement Construction performance remains muted |
|
Revenue growth of 21.4% yoy to Rs40 bn; EBIDTA grew 8.8% yoy to Rs 8.6bn dragged by construction margins; APAT grew 17.1% yoy to Rs 2.9bn led by 47.4% decline in tax provisions
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 16 May 2011 |
accumulate (from buy) |
96 |
88 |
Emkay Report |
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Reports.DesiStockResearch.com |
|
jaiprakash associates (GoldmanSachs) Downgrade to Neutral; limited upside while high debt is a concern |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 3 May 2011 |
removal from asia pacific buy list; neutral (from buy) |
106 |
92 |
GoldmanSachs Report |
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Reports.DesiStockResearch.com |
|
jaiprakash (Citi) Management Meeting Takeaways - Target Price Cut to Rs114 |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 24 Mar 2011 |
buy |
114 (from 132) |
89 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
|
jaiprakash associates (GoldmanSachs) India: Construction: Infrastructure: Near-term concerns, but valuations begin to appear reasonable; |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 21 Feb 2011 |
buy |
106 (from 169) |
-- |
GoldmanSachs Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
