Stock tips for November 29, 2012

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Published: Thursday, November 29, 2012, 9:18 [IST]
 
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Stock tips for November 29, 2012

Here are a few stock ideas from leading brokerage houses in the country.

BPCL:

Emkay Global Financial Services is bullish on Bharat Petroleum Corporation  (BPCL) and has recommended accumulate rating on the stock with a target of Rs 397 in its November research report.

Tata Steel:

way2Wealth is bearish on Tata Steel  and has recommended sell rating on the stock in its November 20, 2012 research report. According to the research firm, profitability of Indian operations is expected to remain under pressure for the medium term.

"Tata Steel, sales volume grew by 9% q-o-q at 1.73mnt for the quarter. Weak demand growth dragged down steel prices which has reduced average realization for the quarter was by 6% at Rs 52885/t. Production volume for the quarter increased to 1.87mnt during the quarter

Balrampur Chini:

Way2Wealth is bullish on Balrampur Chini Mills  (BCML) and has recommended accumulate rating on the stock in its November 20, 2012 research report. According to the research firm, Sugar production for SY13 is expected at 23-24mnt as against 26mnt in SY12.

"Sugar division reported stellar performance during the quarter reporting 50% increase in sales volume at 2.39lakh t against 1.59lakh t reported in Q2FY12. The firm was holding 4.66lakh t of low cost sugar inventory valued at Rs 28670/t at the end of Q1FY13 which has benefited them. AT the end of current quarter inventory stands at around 2.26lakh t.
ONGC:Prabhudas Lilladher is bullish on Oil and Natural Gas Corporation ( ONGC  ) and has recommended accumulate rating on the stock with a target of Rs 283 in its November 27, 2012 research report.

Eicher Motors:

Emkay Global Financial Services has recommended reduce rating on Eicher Motors with a target price of Rs 2400, in its November 12, 2012 research report.

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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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