Educomp Solutions: Sudarshan Sukhani, s2analytics.com is bearish on Educomp Solutions and has recommended to go short on the company.
Sukhani told CNBC-TV18, "When Educomp Solutions had run up I had suggested we can go short now because that's a relief rally. That seems to have worked out. It had strong resistance in the Rs 190-200 area. It's sliding regularly. I think it's still a short sell. I would not be surprised if it falls 20% from here."
HDFC: Sudarshan is bullish on HDFC and has recommended buy rating.
Sukhani told CNBC-TV18, "Earlier I had suggested that HDFC's decline on Friday was nothing, but a minor correction in an ongoing uptrend. I think HDFC at this time HDFC Bank not necessarily because it's a bank, because its part of the HDFC Group likely to be outperformer. So even at current levels I would be a buyer in HDFC."
Omkar Speciality: Mehta Equities is bullish on Omkar Speciality Chemicals and has recommended buy rating on the stock with a target of Rs 105 in its August 12, 2012 research report.
SBI: Nirmal Bang is bearish on State Bank of India (SBI) and has recommended sell rating on the stock with a target of Rs 1,786 in its August 13, 2012 research report.
"State Bank of India (SBI) reported net earnings of Rs37.5bn for 1QFY13, highest ever 1Q profits, higher by 12.7% from our estimate of Rs33.3bn, aided by modest operating performance. Post resulsts, the stock tanked 4.3% as asset quality concerns resurfaced after a muted last quarter. We remain cautious and reiterate our concerns (we maintained during the 4QFY12 results review that reported numbers are an aberration and not sustainable) on asset quality deterioration moving ahead as we believe the current uncertain macro-economic environment coupled with weak demand would result in sustained stress on asset quality and profitability and the asset quality concerns would remain elevated in the near term. We are maintaining our sell rating on SBI with a target price of Rs1,786, down 5.4% from the current market price"
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