Ambareesh Baliga, Market Analyst advice traders to buy Bharti Airtel around Rs 240-245.
Baliga told CNBC-TV18, "Telecom, this clarification has come in about charges being prospective. I think that was the clear triggers for these stocks today. Been quiet positive on Bharti Airtel all through especially when it had fallen to levels below Rs 260 closer to Rs 240-245 I have been saying it is a buy, so that still continues. My feel is that we should see levels of about Rs 300-320 for this stock possibly once the spectrum auction is over."
Anil Manghnani, eqwise.in advice traders to buy Apollo Tyres on decline and Bharti Airtel may slip to Rs 230- 240 levels.
Manghnani told CNBC-TV18, "If you are comparing strictly Idea Cellular and Bharti Airtel yes Idea has held out comparatively what Bharti Airtel has done in the last 4-5 months. You haven't seen a similar fall in Idea. So may be that still looks okay."
Microsec is bullish on Maharashtra Seamless (MSL) and has recommended buy rating on the stock with a target of Rs 433.60 in its October 6, 2012 research report.
"MSL is India's largest manufacturers of Seamless Pipes and tubes in India for its extensive usage across various sectors viz; Oil & Gas, Hydrocarbon process, Power, Automotive etc. with its footing both in domestic as well as in overseas markets. Enhanced energy demand coupled with government reforms ensure for higher Exploration & Production (E&P) activities and shale gas discovery is going to act as a positive catalyst for the rise in demand for pipeline infrastructure in the coming years. The company produces pipes that yield higher realizations, has managed better capacity utilization rates than peers and has a cash-rich balancesheet."
Prabhudas Lilladher is bullish on Bharat Electronics and has recommended buy rating on the stock with a target of Rs 1457 in its October 8, 2012 research report.
"Bharat Electronics (BEL) is a pure play on growing expenditure by the Indian government on defence. It is a market leader, with ~60% market share in defence electronics in India. The company has an order book of Rs250bn (executable over four years). Though private competition has opened up in the sector, BEL believes that it is a threat only in the long term (4-5 years). We expect the stock to deliver 13% CAGR in earnings and 10% CAGR in order flow over FY12-14E. While the opportunity for BEL is large, given the increase in defence spend, both for capital equipments and modernization, we expect volatility in annual earnings (due to change in product mix) and order flow to impact sales."
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