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Geojit has targets Indusind Bank at Rs.200

 Geojit has came with two latest recommendations to its clients:


Reiterate buy on IndusInd Bank – TP Rs.200

• Buy call on IndusInd Bank is maintained with a target price of Rs.200 over one year.
  
  
• The bank has reported strong performance for4QFY10 that exceed expectations in all key parameters.
  
  
• Healthy loan book growth at 30% for FY10.
  
  
• Growth in CASA deposits at 49% year on year.

• NIM expanded by 107 bps for FY10 over FY09. NIM for 4QFY10 at 3.2%
  
  
• Net non performing liability is lower at 0.5%.
  
  
• Adjusted return on equity is at 19%
  
  
• The stock is currently traded at 2.7 multiple of adjusted book value and at 16% of adjusted return for equity for FY11.
  
  

Reduce Bajaj Hindustan – TP Rs.120

• Bajaj Hindustan is recommended to sell and the price of the stock is likely to drift downward to Rs.120 over next one year.
  
  
• It seems that a rally in sugar prices is unlikely in the near term and sugar prices in the futures market has flattened.
  
  
• The stock price is highly sensitive to sugar price movement, which is looking weak in recent times.
  
  
• Besides falling sugar prices, company’s foray into power segment and repayment liability of FCCB (Foreign Currency Convertible Bonds) may also pressure balance sheet.

• The stock is downgraded to sell with a target price of Rs.120 over one year. Downgrade is mainly due to falling sugar prices and higher financial and operational liabilities of the company.
  

Persistent Systems will list on 6th April'10 in stock exchanges

Persistent Systems shares will list in Stock exchanges on 6th April'10 now the grey market premiums of this IPO are moving at Rs.100-120. Click on the Status to get  the allotment status of Persistent Systems IPO allotment STATUS Expected listing price and listing date will be updated here very soon.

Insurance premium payments through Credit cards

Things are becoming much easier now a days. Now the technology turns to Insurance sector. Now this is the time for Insurance policy holders to pay their Life or General Insurance premiums through Visa Debit or Credit cards.Now the following Insurance companies are offering the service to pay their policy holders to pay premiums through Visa Debit/Credit cards

Aegon Religare, Bajaj Allianz Life, Bajaj Allianz General, Bharti AXA Life, Birla Sunlife, Future Generali, HDFC Ergo, ICICI Lombard, ICICI Prudential Life, IDBI Fortis, ING Vysya Life, Kotak Life, Max New York Life, Metlife, Reliance General, Reliance Life, Royal Sundaram, SBI Life, Tata AIG General and Tata AIG Life these companies have tied up with www.visabillpay.in so that you can pay your premium through this site or the arrangement made by the Insurance companies in their websites. Paying Insurance premiums by credit card is very flexible and beneficial to policy holders as they can enjoy the money and time as they can get more than 50 credit period.(Thebullishtrends)