April 4 stock tips: HDFC, Cipla and more

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April 4 stock tips: HDFC, Cipla and more
Here are a few stock ideas from leading brokerage houses in the country.

HDFC:

Nirmal Bang is bullish on Housing Development Finance Corporation (HDFC) and has recommended buy rating on the stock with a target price of Rs 950, in its April 03, 2013 research report.

"HDFC Limited has consistently met the expectations of the market in terms of consistency while keeping the asset quality intact. In the present uncertain times, we expect the mortgage finance-major to continue to not only continue to with this trend going forward also.

L&T:

Prabhudas Lilladher is bullish on Larsen and Toubro  (L&T) and has recommended buy rating on the stock with a target price of Rs 1,699 in its April 03, 2013 research report.

"L&T's order inflow stood at Rs601bn at the end of 9MFY13 and in Q4FY13E, the order intake reported in public domain stood at Rs154bn as against Rs211.8bn in Q4FY12 (actual). With this, the tally for FY13E order inflow stands at Rs755bn (reported) as against Rs706bn (actual) in FY12. 

Cipla:

Sushil Finance is bullish on Cipla  and has recommended accumulate rating on the stock with a target price of Rs 443 in its April 03, 2013 research report.

"Within India, Cipla is a dominant player & enjoys a very strong foothold with chemists and doctors alike and has one of the biggest brand portfolio supported by a field force of ~7,500 MRs. This business which contributed ~45 percent of its overall revenues (FY12) registered a growth of 14 percent in FY12 after witnessing muted growth for 2 consecutive years.

Coal India:

Nirmal Bang is bullish on Coal India  (CIL) and has recommended buy rating on the stock with a target price of Rs 374, in its April 03, 2013 research report.

"Coal India, the street has given paramount importance to the government selling a part of its stake in the company, ignoring all the positives. After a stagnant performance over FY08-FY12, CIL's coal production has picked up in FY13 and is expected to accelerate over FY14-FY15.

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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.

Read more about: stock picks
Story first published: Thursday, April 4, 2013, 8:59 [IST]
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