Stock picks for Jan 16, 2013

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Stock picks for Jan 16, 2013
Tata Consultancy Services: Quotes, News
BSE 2196.90BSE Quote38.7 (1.76%)
NSE 2195.75NSE Quote41.2 (1.88%)
Wipro: Quotes, News
BSE 458.85BSE Quote5.65 (1.23%)
NSE 458.60NSE Quote5.25 (1.14%)
Here are a few stock ideas from leading brokerage houses in the country.

TCS:

KRChoksey is bullish on Tata Consultancy Services (TCS) and has recommended accumulate rating on the stock with a target price of Rs 1,451 in its January 15, 2013 research report.

"TCS reported modest volume growth of 1.25% in Q3 FY13 (in-line with our expectation) led by seasonality factors and onetime furloughs in 2 key clients in BFSI. However, the management sound upbeat about growth prospects in CY13E/FY14E in the backdrop of better customer clarity in respect about areas they want to invest/spend money in the coming year, which in turn is expected to lead to timely decision making and ramp-up of projects by clients unlike in CY12.

Infosys:

Way2Wealth is bullish on Infosys  and has recommended accumulate rating on the stock with a target price of Rs 3000 in its January 15, 2013 research report.

"Infosys, after two-three quarters of slack performance, reported a comeback quarter in Q3FY13 and also surprised the street with better than expected numbers. Including Loadstone, USD term revenue grew by 6.34% sequentially backed by 2.69% of volume growth and 3.56% of average realization improvement. Even organically Infosys's topline grew by 4.17% backed by 1.5% of volume growth and 1.8% of realization improvement. Growth is visible across the verticals and service lines.

Bajaj Corp:

Ventura Securities recommended hold rating on Bajaj Corp  with a target price of Rs 271 in its January 14, 2013 research report.

"Bajaj Corp Ltd (BCL) continued to post a robust volume growth of 23.4% in its flagship brand ADHO (Almond Drops Hair Oil) primarily driven by rural penetration (increased distribution reach). We have incorporated FY15 forecasted financials from this quarter and accordingly expect revenues to grow at a CAGR of 24.7% to Rs 916.9 crore over the forecast period of FY13-15 on the back of steady volume growth (~20% avg.) and sustained leadership position in its flagship brand Almond Drops."

Wipro:

ICICIdirect.com is bullish on Wipro  and has recommended to buy the stock in cash in the range of Rs 407-415 for the target of Rs 495 with a stop loss of Rs 370 for the time frame of 3 months, in its report dated January 15, 2013.

Titan Industries:

IIFL is bullish on Titan Industries  and has recommended buy rating on the stock with a target of Rs 286 in its January 15, 2013 research report.

"Titan Industries has confirmed a strong reversal with breakout from the formation of ‘falling wedge' after an extended down trend which persisted for almost one week. The breakout was visible on daily line chart and was backed with positive crossover on the daily RSI. Moreover, alongwith yesterday's ~2% upmove, the stock closed above the support of its 100-DMA after the recent decline. (Duration 6 days)," says IIFL 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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