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Stock picks for August 17, 2012
IDFC: Sudarshan Sukhani, s2analytics.com feels that if somebody is willing to carry IDFC for a few weeks not one or two days then it can easily be picked up at current levels.
Sukhani told CNBC-TV18, "IDFC has been in an uptrend. It has completed its bear market and is now starting what promises to be a very interesting bull market. So IDFC is a buy on every dip. Even today if somebody is willing to carry IDFC for a few weeks not one or two days then IDFC can easily be picked up at current levels."
Siemens: Nirmal Bang is bearish on Siemens and has recommended sell rating on the stock with a target of Rs 502 in its August 13, 2012 research report.
"Siemens reported 3QFY12 revenue of Rs28.4bn, up 2.2% YoY, in line with our estimate of Rs28.8bn but 5.2% lower than Bloomberg consensus estimate of Rs30bn. However, the decline in profitability was steeper than expected due to cost over-run and delay in project off-take by customers.
DLF: Nirmal Bang is bearish on DLF and has recommended sell rating on the stock with a target of Rs 174 in its August 14, 2012 research report.
"DLF has entered into a binding agreement with Lodha Developers to sell its 17- acre plot in Lower Parel, Mumbai, for an enterprise value of Rs27bn (11% of current gross debt). DLF will receive Rs5bn with immediate effect as part payment which is non-refundable and expects the entire transaction to conclude by October 2012, in line with its strategy to reduce debt.
Tata Steel: Nirmal Bang is bearish on Tata Steel and has recommended sell rating on the stock with a target of Rs 364 in its August 14, 2012 research report.
Motilal Oswal is also bearish on Tata Steel and has recommended sell rating on the stock.
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