One can buy Zee Entertainment Enterprises above Rs 196 with a stoploss of Rs 188 for targets of Rs 205-210, says Shardul Kulkarni of Angel Broking.
Kulkarni told CNBC-TV18, "Zee Entertainment Enterprises is in strong higher top higher bottom cycle and presently it is going through a correction. If the top can cross Rs 196 on the upside then the possibility of Rs 205-210 opens up. So if the stock can cross Rs 196, only then one should buy the stock. Place a stop loss at Rs 188 and on the upside I would expect Rs 205-210."
Exide Industries on dips, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "In Exide Industries I had suggested that we should take profits because it is a very good idea to buy on rumours and sell on news. So Exide's chart hasn't changed. We have seen a sharp correction, we had a big rally, these corrections are inevitable."
KRChoksey is bullish on Rallis India and has recommended accumulate rating on the stock with a target of Rs 150 in its October 19, 2012 research report.
"Rallis India Ltd. (Rallis) reported mixed results in Q2FY13. Results were below our expectation. During the quarter, strong new product launches coupled with value creating initiatives in agri space has contributed to top-line growth. Performance of Metahelix drove the top-line growth (+27% y-o-y growth). Margins witnessed pressure on y-o-y basis, due to high raw material and cost related to new plants. On a Consolidated basis, top-line grew by 11% y-o-y to Rs486cr in Q2 FY13, primarily driven by change in product mix as well as strong branding and initiatives to cover more farmers. In addition, Dhaanya has significantly improved volumes and market share in recent quarters."
KRChoksey is bullish on Dish TV India and has recommended buy rating on the stock with a target of Rs 92 in its October 19, 2012 research report.
"Dish TV's Q2FY13 result was in line with our expectation. The company reported net sales of Rs 534crs, a growth of 10% YoY driven by higher subscriber base and increase in ARPU. EBITDA stood at Rs 164crs, a healthy growth of 5.7% YoY. Increase in employee cost and higher other expenses dented EBITDA margins by 130bps to 30.7%. The company reported exceptional gain of Rs 76.4crs on account of reversal of finance cost for FY12 and higher depreciation for Q1FY12. This led to increase in PAT by 272% to Rs 55crs. Although Phase I of digitization didn't have much impact on incremental new subscriber addition till H1FY13, the management has guided subscriber addition to pick up in rest of the phases of digitization. We believe Dish TV will benefit the most amongst DTH players considering its pan India presence. Entry level base price hike will boost ARPUs going ahead."
SPA Research is bullish on NIIT Technologies (NTL) and has recommended buy rating on the stock with a target price of Rs 329 in its October 17, 2012 research report.
"NIIT Technologies (NTL) reported a strong Q2FY13 revenue growth at 6.5% (INR 5bn) on the back of 3% increase in volume. Operating margins also improved by 97bps to 17%. The company added 3 new clients and had an order intake of $93mn taking the 12-month executable order book to record levels of $253mn. The management remains hopeful to exceed Nassscom's revenue growth guidance for FY13. Based on its Q2 performance and strong order pipeline we continue to recommend BUY with an 18-month target price of INR 329.
DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.