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Stock tips for Feb 15, 2013
IndusInd Bank:
Ashu Madan of Religare Securities advises traders to hold IndusInd Bank from medium to long term perspective.
Madan told CNBC-TV18, " IndusInd Bank is probably one of the brightest spot as far as banking sector is concerned. Considering the fact that the way the companies are coming out with the results. Most importantly, the asset quality of this bank is very good. It has a very limited exposure to all the sectors right from infrastructure to telecom or probably aviation or commercial or real estate where there is problem and slippages are increasing."
Jet Airways:
Sanjeev Agarwal of Dynamix Research and Capital Management advises traders to sell Jet Airways post deal.
Agarwal told CNBC-TV18, " Jet Airways is consolidating. Stop loss of Rs 560, the stop loss is somewhere there; one should use any upside, whatever upside you get after the announcement of the deal the moment it is announced the stock should spurt at that point of time one should exit because overall I feel the equity market in 2013 is going to have a very-very tough time."
SBI:
Sanjeev Agarwal of Dynamix Research and Capital Management advises traders to exit from State Bank of India (SBI).
Agarwal told CNBC-TV18, " State Bank of India 's (SBI) chart is showing very strong weakness and one should exit. I do not think there is any chance of very good recovery."
He further added, "There maybe a chance that investors can get their price because it is very nearby but I think it is better to exit around Rs 2,250 to Rs 2,270. This is an ideal sell level with a stop loss of Rs 2,350 for a target of Rs 2,050 to Rs 1,800 or so. As I see, the matrix is changed from returns towards risk and right now it is better to exit from SBI completely."
SAIL:
Angel Broking is bearish on Steel Authority of India (SAIL) and has recommended reduce rating on the stock with a target of Rs 76 in its February 12, 2013 research report.
"SAIL's net sales declined by 0.9% yoy to Rs10,495cr (below our estimate of Rs11,730cr) During 3QFY2013,, mainly due to lower realizations, although they were partially offset by higher volumes. The company's realizations stood at Rs35,168/tonne, compared to Rs37,326/tonne in 3QFY2012."
Hindalco:
Angel Broking has maintained neutral rating on Hindalco Industries in its February 12, 2013 research report.
"Hindalco Industries (Hindalco)'s standalone net sales increased by 3.0percent yoy to Rs6,790cr (below our estimate of Rs7,199cr) mainly on account of lower than expected aluminium production during the quarter. Hindalco's standalone EBITDA decreased by 18.6percent yoy to Rs582cr and adjusted net profit decreased 35.8percent yoy to Rs289cr (below our estimate of Rs404cr)."
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