Prabhudas Lilladher is bullish on MindTree (MCTL) and has recommended buy rating on the stock with a target of Rs 800 in its September 26, 2012 research report.

"MTCL expects to deliver mid-single digit volume growth largely led by IT Services in Q2FY13. Moreover, PES is expected to return to growth (ramp-downs bottomed out) post witnessing de-growth in the previous quarter. The company has guided for growth in NASSCOM's guidance range of 11-14% YoY growth. Due to higher offshore presence, the company has lesser seasonality in H2FY13 compared to other IT services player. The company is witnessing good growth in BFSI and Manufacturing, but, softness in Travel & Media vertical. Currency tailwind and margin lever (utilization) is expected to help MTCL to offset margin tailwind from the wage hike in Q2FY13."

Emkay Global Financial Services is bullish on Hexaware Technologies and has recommended accumulate rating on the stock on with target of Rs 140 in its September 26, 2012 research report.

"Hexaware had guided for revenues of ~US$ 92.5-94 mn (1.5%-3% QoQ) for Sep'12 qtr with actual performance continuing to track in line with the initial guidance. EBITDA margins are expected to be flat QoQ despite onsite wage hikes (-100 bps QoQ impact) aided by growth leverage and absence of higher visa expenses (130 bps hit in June'12 qtr). Reported PAT is expected to decline QoQ impacted adversely by forex losses. Company's fresher addition remains on track with the outlook indicated earlier.

IIFL is bullish on Multi Commodity Exchange of India (MCX) and has recommended buy rating on the stock with the target of Rs 1510 in its September 26, 2012 research report.

"Multi Commodity Exchange is a market leader in India's burgeoning commodity derivatives market. Its journey of becoming a dominant commodity exchange with 86% market share has been fascinating. Interestingly, the next largest player has only 10% market share. The domestic commodity derivatives market after being opened up in 2003 has witnessed robust 85% CAGR in turnover. This was driven by widening commodity portfolio and rising interest in hedging and speculation due to increasing price volatility.

Emkay Global Financial Services has come out with its report on Dish TV and has recommended accumulate rating on the stock with target of Rs 79 in its September 25, 2012 research report.

"Dish TV, subscriber addition during the start of the quarter was weak due to 1) price hike of Rs200 in start-up pack and 2) seasonally weak quarter. However, management indicated that from august subs addition has increased led by aggressive marketing and launch of SD recorder box. Subs run-rate for Q2FY13E remains inline with last quarter run-rate of 0.5mn. HD subscriber addition is at 7% of incremental additions with Dish TV's share at 25% of HD market. Dish TV has 3.5mn inactive subscribers out of its total subscriber base of 13.4mn at the end of Q1FY13. Management expects 35% of these inactive subscribers would reactivate the boxes to save one-time STB cost. Activation of these subscribers would be positive for Dish TV."

GoodReturns.in

DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.