Stock tips for August 27, 2013

Posted By:
Subscribe to GoodReturns

 Stock tips for August 27, 2013
Markets are expected to open lower on continuing worries over the falling rupee and on fears that the passage of the Food Security Bill could put a strain on the fiscal deficit.

Here are a few stock tips from reputed brokers and investment houses.

Bajaj Finance

Motilal Oswal has a buy rating on Bajaj Finance with a price target of Rs 1520. According to the research report from the broking firm, an improvement in risk management has led to historic low GNPA/NNPA at 1.1%/0.2%, despite a challenging macro environment and operations in high-risk segments.

"We initiate coverage with a buy rating and target price of INR1,520 (1.6x FY15E BV of INR949)," the broking firm has stated.

Hatsun Agro

Firstcall Research has put a buy rating on Hastun Agro with a target of Rs 142.

"On the basis of EV/EBITDA, the stock trades at 7.93 x for FY14E and 6.92 x for FY15E. Price to Book Value of the stock is expected to be at 7.55 x and 5.57 x respectively for FY14E and FY15E. We recommend ‘BUY' in this particular scrip with a target price of Rs.142.00 for medium to long term investment," the firm has stated in its research report.


Emkay is bullish on MindTree and has put a buy rating in the stock with a price target of Rs 1200.

"While we tweak our $ revenue estimates modestly, our ‘above consensus' FY14/15E earnings stand raised by 4/9 percent each to Rs 114/123 driven by lower currency resets (build in US$/INR at Rs 59.5/60 for FY14/15). Mindtree remains our preferred pick in the mind tier IT Services coverage universe. Retain accumulate, TP Rs 1,200 (V/s Rs 1,100 earlier)," Emkay Global has said in its research report.

Read more about: stock tips, mindtree, bajaj finance
Story first published: Tuesday, August 27, 2013, 8:52 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'