4 stocks that brokers are bullish on

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4 stocks that brokers are bullish on
HCL Technologies: Quotes, News
BSE 787.30BSE Quote14.4 (1.83%)
NSE 793.60NSE Quote9.5 (1.20%)
Arvind: Quotes, News
BSE 338.70BSE Quote13.85 (4.09%)
NSE 339.30NSE Quote12.55 (3.70%)
With several blue chips stocks languishing at 52-week lows and mid caps and small caps diving, the markets are offering great opportunities to nibble into value buys. Here are a few of these recommended by brokers.

Arvind Ltd

Way2Wealth is bullish on Arvind. "Post Q1FY14 results; we have revised our estimates slightly. At the CMP of Rs 72,the stock quotes at PE of 5.2x its FY14E earnings of 13.7 and EV/EBIDTA of 4.8x its FY14 estimates. We continue to maintain our positive stance on the
company prospects and reiterate our "buy" recommendation on the stock from a medium to long-term perspective," the firm has stated in its research report.

HCL Technologies

Angel Broking is bullish on HCL Technologies and has a buy rating on the stock. "We expect HCL Tech to be the outperformer among tier-I IT companies, with USD and INR revenue CAGR of 11.7% and 14.8%, respectively, over FY2013-15E, on the back of its higher-value services portfolio, which is set to address the current
demand landscape. We value the company at 14.5x FY2015E EPS and give it a target price of Rs 1,012. We recommend accumulate rating on the stock."

Greaves Cotton

Emkay has put a buy rating on Greaves Cotton with a price target of Rs 100. "We cut our earnings estimates to factor volume decline in auto engine segment and strong operational performance in the others segment. Our estimates for the auto engines business are revised downwards. Consequently, we cut our earnings estimates by 7% for FY14E (Rs6.8/Share) and FY15E (Rs7.8/Share). We think the recent price correction factors in concerns of infrastructure equipment business and 3W volume growth. Reiterate our Buy rating with price target of Rs100/ share," the research firm has said.

Heidelberg Cement

ICICI Bank is bullish on Heildelberg Cement and has a buy rating on the stock. "Considering the near term challenges in terms of demand slowdown, we revise our target price downwards to Rs 41/share (i.e. valuing at 7.5x CY14E EV/EBITDA, CY14E EV/tonne of USD 45/tonne). We maintain our BUY rating on the stock," says ICICIdirect.com research report.

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Read more about: hcl tech, arvind
Story first published: Saturday, August 3, 2013, 11:35 [IST]
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