Brokerage: Merrill lynch
Rating: Buy
Target: 46
Rationale: In a seasonally weak quarter, Spicejet reported a net loss of Rs 163 crore, compared to a loss of Rs 240 crore
same quarter last year. This beat was largely due to better-than-expected growth in ticket prices. ML expects Spicejet to post healthy profits in the third quarter on account of the holiday season.
Lanco
Brokerage: Nomura
Rating: Buy
Target: 30
Rationale: Adjusted net loss exceeded consensus forecasts, EBITDA too surprised negatively on the back of a slowdown in the engineering, procurement and construction business. Sequentially higher contribution from the power business, lower interest cost and lower operating loss at griffin coal were the key positives.
SOURCES : MONEYCONTROL
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