Setco Automotive

ICICI Direct has recommended buying the stock of SETCO Automotive at the current price. "We feel Setco's strong leadership profile in the M&HCV clutch segment is a strong USP. With a consistent financial performance and decent return ratios, we feel valuations are attractive and multiples will expand as the market begins to discount the short-term pain of the CV cycle. We value Setco at 7.5x FY15E EPS to arrive at a TP of Rs 102 and maintain BUY," says ICICIdirect.com research report.

Setco was last traded at Rs 73.95 on the Bombay Stock Exchange.

Vakrangee Software

Firstcall Research has a buy call on Vakrangee Software with a price target of Rs 94.

"The Company currently implementing Election related projects, UID Enrollment, Direct Benefit Transfer through Financial Inclusion, Public Distribution System, Common Service Centres, National Population Register, E-Mitra, Land Records and IGRS. Over FY2012-15E, we expect the company to post a CAGR of 11 percent and 35 percent in its top-line and bottom-line respectively. Hence, we recommend 'BUY' on the stock with a target price of Rs 94," says Firstcall Research Report.

Centum Electronics

Sunidhi Securities has recommended buying Centum Electronics.

"Centum's growth has been attributed to the strong relationships forged with international customers and partners that have enabled the company to establish a global presence and bring value to a range of customers. This customer-focused approach coupled with Centum's core-values of Technology-Teamwork-Trust has resulted in a track-record of high quality products & services and excellent execution ability. Based on the going, CEL is expected to continue to post robust results going forward. CEL all set to post an EPS of Rs 25.5 in FY14, which could further go up to Rs 31.5 in FY15. At the current market price of Rs 133, the share is trading at a P/E of 5.2x on FY14E and 4.2x on FY15E. We recommend BUY with a target price of Rs 189 at which the share will trade at a P/E of 6.0x on FY15E," says Sunidhi Securities Research Report.

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