Stock picks for Jan 22, 2013

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Stock picks for Jan 22, 2013
Spicejet: Quotes, News
BSE 67.55BSE Quote2.55 (3.77%)
Here are a few stock ideas from leading brokerage houses in the country.


Ambareesh Baliga, Market Expert advises traders to buy NTPC around Rs 156-157.Baliga told CNBC-TV18, "NTPC numbers were slightly better than expectation. It has moved again recently well from those Rs 151-152 levels to Rs 165 after the correction.""One should look at slightly lower levels to pick it up closer to Rs 156-157 because over the next year-year and a half I see levels of about Rs 220-230 for that stock."On Jan 21, NTPC closed at Rs 161.75, down Rs 2.40, or 1.46%. It has touched an intraday high of Rs 167.25 and an intraday low of Rs 160.80.It trades 15% below its 52-week high and 16.41% above its 52-week low.Market capitalisation stands at Rs 133,370.39 crore.


Ambareesh Baliga, Market Expert advises traders to buy L&T around Rs 1560. According to him, the stock may rally to Rs 1750-1800 in next month and half-two months.
Baliga told CNBC-TV18, "Last quarter also L&T surprised to a certain extent on the positive side. I expect something similar this time and also for the March quarter. So overall I am quite positive on L&T. The way I see it is we should see levels of about Rs 1,750-1,800 possibly in the next month and a half-two months. At the current levels, one should be buying it."

Unichem Laboratories:

Emkay Global Financial Services has recommended hold rating on Unichem Laboratories  with a target price of Rs 192, in its January 21, 2013 research report.

Unichem's Q3FY13 Results - a) Revenues at Rs2.3bn (up 4.5% YoY) b) EBITDA at Rs 404mn (up 10% YoY) and c) APAT at Rs279mn (up 14% YoY). Domestic business grew by 9% on back weak market conditions and Exports were flat on back of delay in the shipment. Going ahead Pain in India formulation business will continue however traction in US & Emerging Markets will lead to 18% revenue CAGR over FY12-14. Current valuations factor-in the future developments.


Rajesh Agarwal, Eastern Financiers is of the view that one should sell SpiceJet.

Agarwal told CNBC-TV18, "It depends on the time horizon and the kind of investment planning caller has. If it is an investment bet I would suggest not to buy, rather to sell holdings on every rise. If it is a momentum play, just wants to trade then okay, there are news flows always there coming in these kinds of stocks. As far as fundamentals are concerned with Foreign Direct Investment (FDI) in aviation almost a possibility we have seen a lot of momentum in the sector, but nothing concrete has come as yet. The companies are reeling under losses due to high fuel costs, airport charges and all those things."

Sesa Goa:

Rajesh Agarwal, Eastern Financiers is of the view that one can sell Sesa Goa.

Agarwal told CNBC-TV18, "I do not think there are any hopes in Sesa Goa  in the near future as such. If you look at the operations the operations are almost Nil. First half the mining operations have dropped by around 32 percent and even now it is almost 0 levels because of the bans and all which are continuing in Karnataka and Goa. I do not think that there is going to be something positive in the near future and unless these things are sorted out I think there would be a pressure on the prices of Sesa Goa and it would go nowhere from these levels."

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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