Business about stock market

Amara Raja Batteries: Buy

Published on 2009-06-18 12:03:00

Investors with a long-term perspective may use attractive valuations and buy the stock of Amara Raja Batteries . At Rs 90.6, the stock trades at 8.9 times the trailing four quarter earnings, at a discount to competitor, Exide Industries, that trades at a trailing earnings price-multiple of 19.1 times. We had given a buy recommendation at Rs 100 in October 2008.Since then, even with the automotive component sector facing a severe downturn on the back of reduced demand from automakers, ARB has mad

CRISIL: Buy

Published on 2009-06-18 12:02:00

Fresh investments can be considered in Credit Rating Information Services of India (CRISIL) stock. CRISIL is the largest credit rating agency in India also engaged in research and advisory services. The credit rating business offers huge growth potential in India as the corporate debt and fixed income market in India is still in a nascent stage. While demand for rating services (especially bank loan ratings) provides high earnings visibility, CRISIL’s significant market share, zero debt, diver

Dr Reddy’s Laboratories: Buy

Published on 2009-06-18 12:02:00

Investors with a long-term horizon can consider buying the stock of Dr Reddy’s Laboratories (DRL) given its strong product pipeline, strengthening presence in key markets such as North America, Russia,Europe and India and the reduced uncertainty about the fortunes of its German business, Betapharm. The earlier-than-expected approval for the company’s OTC generic Omeprazole by the USFDA also strengthen the case for investing in the stock. At the current market price of Rs 701, the stock trade