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Stock tips for March 8, 2013
HCL:
Phani Sekhar, Fund Manager of Angel Broking recommended buying more shares of HCL Tech if reaches closer to Rs 700 level.
Sekhar told CNBC-TV18, " HCL Tech is a company that has been winning market share and that's certainly good news with a lot of deals coming up for renegotiations in the next six months. It is in a very good sweet spot considering the fact that valuations are not very expensive. It has displayed an industry leading growth which is expected to continue for the next two years as well. So investor can very well hold on to HCL Tech and maybe on days of steeper decline, if stock reaches closer to Rs 700 level for whatever reason, investor can look at adding more."
Infosys:
Phani Sekhar, Fund Manager of Angel Broking recommended holding Infosys . He feels there is a lot of margin of safety in the stock.
Sekhar told CNBC-TV18, "There will be good going for Infosys in the future because we do expect the currency to remain weak which is the biggest tailwind. On top of that the kind of sequential improvement that they showed in Q3 is likely to sustain in Q4 and going forward as well. The commentary from the company is likely to be pretty positive towards the end of Q4 for FY14."'
Hindustan Unilever:
Sudarshan Sukhani, s2analytics.com is of the view that one can buy Hindustan Unilever .
Sukhani told CNBC-TV18, "I would be a buyer in HUL, not now but I would not go and short in it. The whole idea of HUL and ITC is to wait for them to stop falling and that is the time when we can take some risk and go and buy them. These are buying opportunities not selling."
TCS:
Parag Doctor, Head - Trading Strategies, Keynote Capital's Ltd is of the view that one should hold on Tata Consultancy Services. The stock can touch Rs 1625.
Doctor told CNBC-TV18, "Investor should hold on to Tata Consultancy Services , (TCS) right now. We have a target around Rs 1625 kind of levels for TCS. We have been bullish ever since it broke past around the Rs 1500 kind of mark and still there is no sign of any let up in the upside momentum. We had an initial target of Rs 1600 which is almost achieved and probably it can go to Rs 1625 or so before some kind of correction sets in. So investor should definitely hold on to TCS and he can add on 4-5 percent dips which come from time to time. It would be a good time to really add to TCS and it is a core IT holding in any portfolio and for long-term it is going to give at least 15-20 percent compounded returns. So one should hold on and add on every dip."
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