Bank of Maharashtra
Buy Bank of Maharashtra for positional trade, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Yes Bank, I am not very upbeat while the numbers have been excellent; we must remember that this stock itself has run up in anticipation of good numbers. The stock remains a buy but not at current prices or atleast not at the current time period. We have to give it time to take a pause or take a rest and that could also give us lower levels to enter into."
He further added, "Bank of Maharashtra is a much better chart. I have explained earlier that on my reckoning PSU banks can be divided in two parts, some that are looking very attractive on charts and some that are not so attractive. Bank of Maharashtra is in the attractive category, it is making a trading range and coming out of it and after that big run up, the sense is that another run up could be in the offing. So this is probably a very nice positional trade even at current levels."
AnandRathi is bullish on Bajaj Auto and has recommended buy rating on the stock with a target of Rs 2028 in its October 22, 2012 research report.
"Owing to subdued sales both domestically and overseas, Bajaj Auto reported lower 2Q results yoy, although largely on expected lines. With recovery in export volumes and positive impact of a delayed festival season, we expect steady recovery in 2H. We maintain our positive view of good profit growth in FY14."
Nirmal Bang is bullish on Infinite Computer Solutions India and has recommended buy rating on the stock with a target of Rs 190 in its October 22, 2012 research report.
"Infinite Computer Solutions management has guided for revenues of USD265 million translating into Rs.1320 crore for FY'13. The EBITDA margins should be around 17-18 per cent signaling strong profit growth for the company going forward. The company has an excellent track record with regard to execution. Infinite has posted a CAGR of 27 per cent and 59 per cent in revenues and operating profits over FY'08-12 period. The company achieved a turnover of USD221 million dollar in FY'12 compared to the guided figure of USD200 million post the IPO."
AC Choksi is bullish on Emami and has recommended buy rating on the stock with a target of Rs 580 in its October 20, 2012 research report.
"Emami is a leading consumer-goods company in India and is the flagship company of the Emami group. Emami was established as Kemco Chemicals by Kolkata-based industrialists, Mr R.S. Goenka and Mr R.S. Agrawal in 1974. Emami operates in Health, Wellness and Beauty segments by offering differentiated ayurvedic and natural products to consumers.
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