Price target: Rs800
Current market price: Rs634
Result highlights

Backed by healthy realisations in cement and paper divisions, the top line of Orient Paper and Industries grew by a robust 32% year on year (yoy) to Rs302.5 crore.

On account of higher realisations, the paper division’s margin jumped to 16% against 5% in the [...]

Recommendation: Buy
Price target: Rs1,287
Current market price: Rs1,042
Result highlights

Sun Pharma reported a strong top line growth of 24.6% year on year (yoy) in Q2FY2008 to Rs667.9 crore. The top line was significantly higher than our estimate of Rs632 crore. The strong growth was driven by an increase of 26.3% in its [...]

Price target: Rs70
Current market price: Rs63
Oil on the boil
Result highlights

The Q2FY2008 results of Marico were as per our expectations. In Q2FY2008, the net revenues of the company grew by 22.7% year on year (yoy) to Rs463.8 crore. The growth was driven by a 16% organic growth and a 7% inorganic [...]

Buy Tata Motors at the current market price of Rs807 with the  stop loss of Rs718.4 for the targets of Rs948 and Rs1,098.
The stock is moving out of wave 4 consolidation, the wave five will now target in excess of Rs1,500.

Buy Voltas at the current market price of Rs192 with the stop loss of Rs159.4 for the targets of Rs244 and Rs299. The stock is moving in a third wave up and should target of Rs330 levels from hereon.

Buy Lok Housing at the current market price of Rs202.3 with the  stop loss of Rs174.4 for the targets of Rs254 and Rs299.
The stock is moving in a third leg up. The stock could later extend gains to Rs400+.

Recommendation: Hold
Price target: Rs155
Current market price: Rs154
Downgraded to hold 
Key points

Selan Exploration Technology Ltd’s (SETL) efforts to develop and monitise its oil fields have resulted in a 36.7% growth in its production volumes to 100,963 barrels of oil in FY2007. Encouraged by the results, SETL’s management plans to undertake [...]