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Stock picks for Jan 15, 2013
Idea Cellular:
Rahul Mohindar, Director, viratechindia.com is of the view that, one can buy Idea Cellular at Rs 115 for the target of Rs 120.
Mohindar told CNBC-TV18, "Idea Cellular is undoubtedly been doing very well over the last couple of months. I think we are in such a strong up trend that the tough part is to come in and say let us buy Idea at Rs 115. If you are looking at a fresh position maybe not in Idea, Rs 120 is the target on Idea we have been looking at.
However, Reliance Communications is possibly a better bet. Keep a stop loss at about Rs 81 level you might be looking at a Rs 90 target over the next few weeks. So, certainly that would be a preference. I would continue to avoid Bharti Airtel even now."
L&T:
One can buy Larsen and Toubro (L&T) at around Rs 1500-1550 with a stop loss of Rs 1440, says Rahul Mohindar, Director, viratechindia.com.
Mohindar told CNBC-TV18, "Larsen & Toubro (L&T) is something on the long-term which I still think is worth a buy. So, this level between Rs 1500-1550 is a good area to lap it up in terms of an investment profile of beyond six months. The stop I would use on L&T would be broadly Rs 1420-1440 this is from a long-term investment point of view
Tata Motors:
Motilal Oswal is bullish on Tata Motors and has recommended buy rating on the stock with a target price of Rs 385 in its January 11, 2013 research report.
"Tata Motors, organizational changes under new India MD to improve competitiveness, with the aim to be credible #2 player in PVs by 2020 and maintain market leadership in CVs. Has set up a road map to revive PV business by focusing on consumers and offering exciting product portfolio, improving quality and improving overall consumer experience in sales and service.
Infosys:
SPA Research has recommended hold rating on Infosys with a target price of Rs 2,700, in its January 14, 2013 research report.
"Infosys with its 6.34% QoQ USD revenue growth in Q3FY13 finally broke the shackles it has confined itself, in the past seven quarters where-in it reported a USD revenue CQGR of 1.81%. The growth was mainly on the back of consulting deals won in Q2FY13 ramping up by late December.
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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.
