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Stock picks for September 26, 2012


Stock picks for September 26, 2012
Here are a few stock ideas from leading brokerage houses in the country.

Kotak Mahindra Bank

Sudarshan Sukhani, advice traders to buy Kotak Mahindra Bank at current levels.


Sukhani told CNBC-TV18, "We are looking at something around Rs 675 for Kotak Mahindra Bank and that's a good 3-4 percent from current levels, that's the point where it should face the first resistance and it also has a pattern target there. So even at current levels somebody can venture into a buy."

Godrej Properties

Shardul Kulkarni, Angel Broking advice traders to buy Godrej Properties and Godrej Industries. He expects that both stocks should rally from current levels.

Kulkarni told CNBC-TV18, "The two stocks look quite good in real estate space. Godrej Properties as a stock looks excellent on the charts. I think that going forward you should see a move to around Rs 635 to Rs 640 in case of Godrej Properties. Right now the stock is around Rs 590 levels. I think it makes lot of sense to buy into Godrej Properties."

Axis Bank

Shardul Kulkarni, Angel Broking advice traders to buy Axis Bank around Rs 1060- 1070.

Kulkarni told CNBC-TV18, "In the PSU segment I think that I would look at booking profits and moving out especially Bank of Baroda as well as Punjab National Bank. I think the stocks have given you a decent run up."

Aban Offshore

Emkay Global Financial Services is bullish on Aban Offshore and has recommended accumulate rating on the stock with a target of Rs 525 in its September 24, 2012 research report.

"Aban has 6 of its jack up rigs due for renewal in FY13. Aban's management remains confident of bagging contract renewals for 5 out of 6 rigs with its existing clients. And for the one rig due for renewal in Jan-13 Aban is already looking for new contract. The company also highlighted that 4 out of the 6 rigs are likely to get ~10% higher day rates. Deep Drillers 2, 4, 5 deployed in Iran (renewal in Sept-12) and Deep Driller 1 deployed in India (renewal in Dec-12) are expected to be renewed at higher contract day rates. However DD7 deployed in Mexico (renewal in Nov-12) would be deployed at current day rate while DD3 deployed in Malaysia (renewal in Oct-12) would receive lower contract day rate."


GVK Power

Sudarshan Sukhani of is bullish on GVK Power & Infrastructure and recommends a buy rating on the stock.

Sukhani told CNBC-TV18, " Reliance Infrastructure had a rally yesterday but luckily this rally has been consistent and continuing for a lot of days. It has also come to a point where it has a strong resistance. If it crosses that resistance somewhere around Rs 550, it is good for more. So, traders need to see strength in it, if there is continuing strength I expect the rally is going to sustain."

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: Wednesday, September 26, 2012, 8:45 [IST]
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