Stock picks for Jan 28, 2013

Maruti Suzuki:

Buy Maruti Suzuki India for a target of Rs 2000, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Maruti Suzuki at Rs 1600 is still a buy. Maruti is the best of the auto lot and there was a target of Rs 2000 discussed many times. That remains valid. Now we cannot take any intraday trades anywhere, it is almost Rs 250, it is not a good idea but if somebody wants to carry a position, initiate a new position Maruti still offers a very good opportunity."

IVRCL:

Sharmila Joshi of Peerless Securities advices one to wait it out and give IVRCL a couple of quarters to kind of come back into a little bit more of a positive momentum and then look for an exit from the stock.

Joshi told CNBC-TV18, "I think it's a little unsettling when you see a stock correct the way IVRCL did yesterday. As precisely as the investor said - there were some kind of rumours doing the rounds which the management has kind of denied today. But there is no getting away from the fact that a lot of these midcaps which are leveraged or which have high debt etc in their books are the ones that took it on the chin yesterday."

Asian Paints:

Ventura Securities is bearish on Asian Paints and has recommended sell rating on the stock in its January 24, 2013 research report.

"Asian Paints' Q3FY13 consolidated revenues were at Rs 3052.9 crore, grew by 19% YoY. On a standalone basis (decorative business), the net sales grew by a mere 20% YoY in value terms to Rs 2536.9 crore led by ~11-12% volume growth during the quarter. The volume growth was driven primarily by premium products.

Housing Development Finance Corporation:

Ventura Securities has maintained hold rating on Housing Development Finance Corporation (HDFC) in its January 24, 2013 research report.

"Housing Development Financial Corporation's (HDFC) revenues were higher by 19.2% YoY and 2.1% QoQ at Rs 5538.4 crore aided by the strong loan book and stable NIM's (4.1%, 110bps YoY). Net profit for the quarter increased by 28.9% YoY to Rs 1354.2 crore. Net Interest Income grew by 19.0% yoy to Rs1626.7 crore. The company registered a YoY growth of 22% (4% QoQ) in outstanding loans to Rs1,60,941 crore.

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