Buy Delta Corp: with 6-12 month target of Rs 45-50 and more in the long term, says DD Sharma of Anand Rathi Securities on CNBC Awaaz
Buy Emami:Anand Rathi Securities is bullish on Emami and has recommended buy rating on the stock with a target of Rs 845.
“Given that its top brands are doing well and with lower raw material prices and adspend, we expect Emami to report a 29% CAGR in earnings over FY10-12. We retain our Buy rating, with a target of Rs 845, at a target PE of 21x FY12e earnings. Our target PE is at a 10% discount to domestic consumer peer Dabur,” says Anand Rathi Securities research report.