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Bulls Eye, ET Investor’s Guide Monday 16-OCT-2006

October 16, 2006

According to Bull’s Eye Recommendations from ET OCT-16, Emkay Share is bullish on Tech Mahindra Limited and has put a 12 months price target of Rs852 with the company expected to grow at CAGR of 37% in the next 18 months.

ShareKhan has a BUY recommendation on South East Asia Marine Engg with a price target of Rs270. CMP is Rs207.

Merill Lynch has turned bearish on Hindustan Lever Limited and has put a SELL recommendation without any price target. Main concern being the high PE at which HLL is quoting 35XDec-2006 earnings and 30XDec-2007 earnings which is not justified to its projected growth rates.

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