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Stock tips for December 12, 2012
SBI:
Phani Sekhar, Angel Broking is of the view that one can buy SBI at current levels; it can touch Rs 3500 in 2-3 year timeframe.
Sekhar told CNBC-TV18, "For State Bank of India (SBI). buying on declines or buying at these levels is a good idea for the investor because over the next two-three years there is a good chance that one can see the stock price back at Rs 3,500 because asset quality for whatever is peaked, we do not know when it is going to peak but all that we know is it maybe near peak and the pain might be for another two-three quarters. So considering that and looking at the valuations, which are trading at 20 percent discount to its five-year historical average, I guess this is a good time to start accumulating SBI. So my advise to the investor would be to start buying this at this levels."
MphasiS:
Asit C. Mehta is bearish on MphasiS and has recommended reduce rating on the stock with a target price of Rs 350 in its December 10, 2012 research report.
"MphasiS, the management gave an update on the Q4FY12 and FY12 results. We have already discussed the same in the Result Update dated 7th December 2012. Overall, the results were below our estimates while margins came in as a positive surprise owing to aggressive increase in utilization levels across various segments".
HUL:
Sudarshan Sukhani, s2analytics.com advises traders to buy HUL or ITC on decline.
Sukhani told CNBC-TV18, "It would be prudent to take some positions in defensive stocks. In a market that is choppy, it is prudent to go for the defensives simply because the push is on the downside. So there is likely to be a move from the speculatives which we have already seen to slightly safer stocks like Hindustan Unilever (HUL), ITC, and the pharmaceutical sector completely."
Bajaj Auto:
SP Tulsian, sptulsian.com advises traders to short Bajaj Auto with stop loss of Rs 2045-2050.
Tulsian told CNBC-TV18, "I am keeping my positive stance on two wheeler both Bajaj Auto and Hero Motocorp but if you see the recent import duty hike by the Sri Lankan government and which will directly effect the companies like Maruti and Bajaj Auto because Baja Auto has a significant export turnover into their total revenue while Hero Motocorp doesn't have anything on that account."
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