Stock picks for March 7, 2013

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Stock picks for March 7, 2013
Hindalco Industries: Quotes, News
BSE 150.00BSE Quote0.45 (0.30%)
NSE 150.20NSE Quote0.3 (0.20%)
Here are a few stock ideas from leading brokerage houses in the country.


Rajesh Agarwal, Head of Research of Eastern Financiers Limited advised holding on toHindalco Industries and selling at around Rs 107-Rs 108.

Agarwal told CNBC-TV18, "I don't think there would be any increase in the market cap of Hindalco for a fairly long period of time unless the market supports for various other reasons. Because if one looks at the numbers - the December quarter profit fell by around 4 percent due to higher finance cost. They have shut down their Australia operations because operations have become unviable due to higher cost."


Jagannadham Thunuguntla, Strategist & Head of Research of SMC Global Securities Limited recommended selling Bartronics  .

Thunuguntla told CNBC-TV18, "The trader should take advantage of today's bounce to exit Bartronics. I don't see a reason why one should hold on to Bartronics. I feel today's bounce provides an opportunity. The stock has been falling since the news about its foreign currency convertible bonds (FCCB) last month. After that it is just a dead cat bounce. I don't read much beyond that."

Dish TV:

According to Jagannadham Thunuguntla, Strategist & Head of Research of SMC Global Securities Limited, one should exit Dish TV  if one has one month horizon.

Thunuguntla told CNBC-TV18, "Dish TV is a good company. If you have patience of one-year, two years then you will be making Dish TV. It will be difficult to say what will happen in one month horizon. So, if you have only that much time to allocate, it is better to exit."

Bajaj Corp:

Nirmal Bang is bullish on Bajaj Corp  (BCL) and has recommended buy rating on the stock with a target price of Rs 261, in its March 06, 2013 research report.

"The recent decline in Bajaj Corp's (BCL) stock price provides a good buying opportunity. While we have been positive on the structural story in the light hair oil (LHO) segment, our view was constrained by valuation. Following the 12% correction in stock price post 3QFY13 results, we have upgraded BCL to Buy (from Hold) but retained our target price of Rs261

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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Story first published: Thursday, March 7, 2013, 9:32 [IST]
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