Buy Hindustan Dorr-Oliver Ltd.


  

Price Rs 205.25
Target Price Rs 275

Hidden Gem
Hindustan Dorr Oliver (HDO) is reputed for its solid-liquid separation technology and is involved in executing EPC projects in the field of Environmental Management, Mineral beneficiation, Fertilizers and Pulp & Paper industry. The company also manufactures products like, aerators, industrial filters, pressure vessels, heat exchangers, reaction vessels etc. HDO is currently looking at various new opportunities such as material handling and Balance of Plant (BOP). The company is also looking at acquiring an Engineering/Technology company which would provide synergies to HDO’s existing business.


Buy Axis Bank Ltd.

CMP Rs.1,121.50
Target Price Rs. 1,325

Axis bank, the third largest private bank, announced good set of numbers with PAT for Q3FY10 coming at Rs. 656 Crs growing 31% on y-o-y basis from Rs. 500 Crs. The profitability was ahead of our expectation of Rs. 617 Crs on account of higher than expected increase in the NIM, advances growth and robust fee income.