Archive for December, 2008

  Price:- Rs741.80 Target Price:- Rs1,025 No surprises, but going is good Bharti Airtel’ Q2FY09 results were slightly below our estimates primarily due to higher than expected fall in the mobile ARPU (Q2FY09 ARPU came was at Rs331 v/s our estimate of Rs341). The net sales for the quarter grew by 6.3% QoQ to Rs90.2bn...

Price :- Rs 74.85 Target price:- Rs69.00 Sell: Core Business Good, But Valuations Still Lofty Maintain Sell; Valuations still lofty — PGCIL shares have outperformed the BSE Sensex post its IPO. Despite correcting more than 55% from its peak, we believe it is not in the value zone yet; trading on par with NTPC...