Stock tips for Nov 7, 2012

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Stock tips for Nov 7, 2012
Allahabad Bank: Quotes, News
BSE 77.60BSE Quote0.15 (0.19%)
NSE 77.60NSE Quote0.2 (0.26%)
Here are a few stock ideas from leading brokerage houses in the country.

Amara Raja:

SP Tulsian, advice traders to enter in Amara Raja around Rs 245-250.

Tulsian told CNBC-TV18, "Amara Raja, Q1 numbers were very good and since then the stock has been moving up and if you see the recent split of the stock from face value of Rs 2-1 even if I take an EPS of close to about Rs 20 on a reduced face value of Rs 1, because till now the company has posted an EPS of close to about Rs 9 for H1 and even if I take an EPS of Rs 20 the share is ruling close to about 13-13.5 PE multiple, honestly I will be little cautious."

Divis Laboratories:

Prabhudas Lilladher is bullish on Divis Laboratories  and has recommended accumulate rating on the stock with a target of Rs 1296 in its November 5, 2012 research report.

"Divi's revenue for the quarter reported growth of 33.5% YoY to Rs4.73bn, led by both CCS and API segments. However, the Neutraceuticals business remains flat YoY though there was some improvement over last quarter. The company has reduced its top-line guidance from 25% to ~22% for FY13 due to slower ramp-up in revenues from new SEZ."

Godawari Power:

Emkay Global Financial Services is bullish on Godawari Power & Ispat  and has recommended buy rating on the stock with a target of Rs 143 in its November 5, 2012 research report.

"Godawari Power managed to mine 128,459 tonnes of iron ore, a rise of 102% on YoY basis. Pellet production at 153,800 tonnes though down 9% on a QoQ basis remained above our estimates. The company maintains a guidance of 0.7 mt of pellet volume for FY13. Capacity utilization of sponge iron (at 58%), was stable and we expect it to remain at ~60% for the full year.

Allahabad Bank:

Emkay Global Financial Services has recommended hold rating on Allahabad Bank  with a target price of Rs 145, in its November 5, 2012 research report.

"Allahabad Bank Q2FY13 results came in below expectation primarily led by host of exceptional items during the quarter which took a toll on NII and asset quality. The bank reported NII of Rs11.7bn (-11%yoy) significantly lower than our estimates (Rs13.4bn), led by interest reversal of Rs1.7bn during the quarter. Adjusted for the same NII would have been at Rs13.4bn, inline with estimates".

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.

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