Amar Ambani, The rockstar IIFL research analyst is having a good time in bourses with his picks outperforming most other managers.The celebrated manager has taken yet another contra call with a SELL rating on united spirits which came with an average set of numbers.Lets see who gets it correct.
Colgate-Palmolive (India) (Q3 FY15) – BUY
CMP Rs1,927, Target Rs2,217, Upside 15.1%
Maruti Suzuki (Q3 FY15) – BUY
CMP Rs3,685, Target Rs4,280, Upside 16.1%
United Spirits (Q3 FY15) – Reduce
CMP Rs3,485, Target Rs3,200, Downside 8.2%
Ashok Leyland - Call SuccessWe had recommended a BUY on Ashok Leyland in Q2 FY15 result update released on November 10, 2014 with a target price of Rs55. We extended our target on the stock to Rs61 in a call update released on November 13, 2014 and further to Rs68 in a call update released on January 08, 2015. The stock surpassed our target in today’s trading session. While we remain bullish on the prospects for Ashok Leyland’s core business of manufacturing commercial vehicles, we will review our estimates, rating and target in Q3 FY15 result update. Results are expected to be announced on January 29, 2015.
Reco Price Rs61.0, Call Closure Price Rs68.0
Head of Research, IIFL
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