Stock picks for Jan 24, 2013

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Stock picks for Jan 24, 2013
Jaiprakash Associates: Quotes, News
BSE 11.40BSE Quote0.07 (0.61%)
NSE 11.40NSE Quote0.1 (0.88%)
Housing Development Finance Corporation: Quotes, News
BSE 1339.80BSE Quote11.85 (0.88%)
NSE 1340.10NSE Quote3.9 (0.29%)
Here are a few stock ideas from leading brokerage houses in the country.

Jaiprakash Associates:

Sudarshan Sukhani, advises traders to buy Jaiprakash Associates on correction.

Sukhani told CNBC-TV18, "Infra stocks are not buying opportunities but I would still be upbeat on them. The problem is that we are talking about these companies on a day when infrastructure is literally collapsing. That does not mean that these stock prices will go to zero. It means that this time there is a deep correction going on.


Motilal Oswal is bullish on Housing Development Finance Corporation  (HDFC) and has recommended buy rating on the stock with a target of Rs 919 in its January 22, 2013 research report. 

"HDFC reported PAT of INR11.4b for 3QFY13, in line with our estimate, while core operating performance was better than expected (NII 5% higher than our estimate), lower than estimated trading profits and dividend income led to marginal deviation in profitability." 

Asian Paints:

Motilal Oswal is bullish on Asian Paints  and has recommended buy rating on the stock with a target of Rs 5000 in its January 22, 2013 research report.

"Asian Paints (APNT) has posted better than expected results for 3QFY13. Consolidated PAT grew 30.5% YoY to INSudarshan Sukhani, is of the view that one can buy JSW Energy. "The stock has potential for further rally."

JSW Energy:

Sudarshan Sukhani, is of the view that one can buy JSW Energy. "The stock has potential for further rally."

Sukhani told CNBC-TV18, " JSW Energy charts are very nice, earlier also I have spoken about the fact that power stocks and energy stocks are doing something, bullish and upbeat. There is much more upside here so even as we speak JSW Energy is probably a buying opportunity. It has rallied but we don't worry about how much it has rallied. The potential for further rally exists here."

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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