Sudarshan Sukhani, s2analytics.com advises traders to sell Bata India.
Sukhani told CNBC-TV18, "A lot of midcaps are now willing to crack again. We know that they have fallen a lot so it is not about defensives. In defensives we have Titan Industries which is extremely weak and Jubilant Foodworks , Colgate Palmolive (India) so it is not one stock, there is a long list."
Sushil Finance has recommended hold rating on PTC India (PTC) with a target price of Rs 74, in its February 21, 2013 research report.
"PTC has reported decent set of numbers for the quarter ended December'12 which is in-line with our expectations. Revenues & PAT grew by ~41% & 129% YoY to Rs.18,777 mn & Rs.218 mn respectively. Better trading volumes, higher realization coupled with commencement of tolling biz has resulted in strong revenue growth of ~41% YoY at Rs.18,777 mn in Q3FY13.
Emkay Global Financial Services is bullish on Nestle India and has recommended accumulate rating on the stock with a target price of Rs 5000 in its February 21, 2013 research report.
"Nestle delivered revenue growth of 10% yoy to Rs 21.5bn, in line with our expectation with domestic sales growth at 9.6% yoy and exports growing at 20.6% yoy. Underlying volume growth in domestic remains negligible; growth largely driven by realizations and product mix changes. Nestle continues to drive expansion in Gross margin (+90 bps yoy, function of price increase) and EBIDTA margin (+270 bps yoy, function of operating leverage).
Motilal Oswal is bullish on IndusInd Bank (IIB) and has recommended buy rating on the stock with a target price of Rs 500 in its research report.
"IIB is one of India's new generation banks, established in 1994. The team, led by Managing Director Mr Romesh Sobti, has been instrumental in improving the core operating performance of the bank (RoA improved from 0.6% in FY09 to 1.6% in FY12). Focus of the management is to achieve scale while maintaining profitability.
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