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Stock tips for March 11, 2013
Markets are expected to open higher for a fifty day in a row. Here are a few stock ideas from brokers and research houses.
Dabur India
Sushil Finance has recommended buying the shares of Dabur India with a target price of Rs 153 in its recent research report.
"Considering strong brand portfolio, leadership position in Ayurvedic/Herbal products, recent domestic distribution & sales re-alignment, favourable domestic & International sales mix, expected turnaround of its Namaste business, recovery in core categories, Greenfield unit in Sri Lanka for packaged Fruit Juices, innovation initiatives & introduction of new products/variants, we expect Dabur's Revenues & APAT to grow at a CAGR of 14.8% & 18.9% resp during FY12-FY15E. We believe the current pressure on discretionary staples in India will not impact Dabur as it contributes only 10% to its domestic sales. At the CMP of Rs.133, the stock trades at a valuation of 21.4x its FY15E EPS of Rs. 6.2. We initiate coverage with "Accumulate" rating & target price of Rs. 153 (24.5x FY15E EPS, which is its 5 Yrs Avg P/E)," says Sushil Finance research report.
Greaves Cotton
Firstcall research is bullish on graves Cotton and has recommended buying the stock with a target of Rs 81. "Greaves Cotton Limited is one of the leading engineering companies in India with core competencies in diesel/petrol engines, gensets and construction equipment.
Greaves Cotton Ltd reported higher revenue at Rs 5157.80 mn for the quarter ended 31st December 2012 as against Rs 4643.50 mn for the corresponding quarter last year (an increase of 11.08%). Greaves Cotton Ltd has declared a Third Interim Dividend at the rate of Rs 0.40 per Equity Share of Rs.2 each for the Financial Year 2012-13. Profit After Tax (PAT) after exceptional item of provision for diminution in value of investment in its subsidiary amounting to Rs 142.00 mn was Rs 344.00 mn as against Rs
Rs 42.00 mn, for the same period last year," the firm has states in its research report.
It sees an upside potential in the profits and the stock price in the years to come.
GoodReturns.in
