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Stock picks for July 31, 2012
Buy IRB Infra on decline, says Sudarshan Sukhani, s2analytics.com.
Nestle India: Prabhudas Lilladher is bullish on Nestle India and has recommended accumulate rating on the stock with a target of Rs 5015 in its July 27, 2012 research report.
"We expect pick up from Q2FY13 driven by a low base in large corporate fees (project finance). Also, security receipt losses (Rs1bn) will come off significantly in H2FY13 and aid overall fee growth. Gross NPAs have inched up marginally but slippages levels seem reasonable and credit costs at 70bps is in line with management guidance and lower than our expectations for FY13. Current restructuring pipeline is also extremely low providing comfort," says Prabhudas Lilladher research report.
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