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Stock picks for October 11, 2012
SKP Securities is bullish on Phillips Carbon Black (PCBL) and has recommended buy rating on the stock with a target price of Rs 148 in its October 10, 2012 research report.
"Phillips Carbon Black Ltd (PCBL) incorporated in 1960, is a part of RPSanjiv Goenka Group. The company is engaged in the manufacturing of carbon black having a capacity of 422,000 MT along with power generation capacity of 76 MW. Columbian Chemical Corporation, US, a leading international producer of rubber blacks is the technical collaborator of the company.
SP Tulsian, sptulsian.com advice traders to buy Triveni Engineering , Balrampur Chini or Dalmia Bharat pre- results.
Tulsian told CNBC-TV18, "One can just keep the two sectors on the radar one is the cement and second is sugar. If you really want me to take a call on the pre-earning or the pre-results estimates I will probably be bullish on all the sugar stocks, which are based in UP and I can names 4 or 5 companies in that category, which are Triveni Engineering, Balrampur Chini, Dalmia Bharat Sugar- all of them or maybe the Dhampur Sugar."
Way2Wealth is bullish on MphasiS and has recommended buy rating on the stock with a target of Rs 502 in its October 10, 2012 research report.
"MphasiS has formed an inverted head and shoulders pattern and the breakout will be confirmed above 424 levels. It has also formed a symmetrical triangular pattern in its right shoulder, so a breakout above 424 will lead to double confirmation of an upside. The Bollinger bands have started to expand with the rise in price signaling an upside possibility and also the price level is well above the short term moving averages i.e. 20 DMA ( mean of bands ) and 40 DEMA which is a positive sign for it. The conservative target comes at around 502, whereas, the aggressive target comes at around 675. The crucial support on the lower side is 398 which is also the stop loss for the long positions. Hence, the risk to reward ratio is quite favorable for the bulls."
Microsec is bullish on Madras Cements and has recommended buy rating on the stock with a target of Rs 228 in its October 9, 2012 research report.
"Madras Cements has registered a strong financial growth in FY12. It's Net sales increased by 24% to INR3278 crore and PAT improved by 82% to INR386 crore. Its EBITDA margin also improved from 24.6% to 29.3%. ROE of the company came at 20.4%. Its total D/E ratio also came down marginally from 1.1 to 1.0. Madras cement's financial ratios are strong and are very much in line with top cement players like Ultratech Cement, ACC and Ambuja Cement."
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