Ventura is bullish on Zee Entertain and has recommended buy rating on the stock with a target of Rs 273 in its September 27, 2012 research report.

"We initiate coverage on Zee Entertainment Enterprises Ltd (ZEEL) as a BUY with a Price Objective of Rs273. At CMP of Rs184, the stock is trading at 26.3x and 18.4x its estimated earnings for FY13 & FY14 respectively, representing a potential upside of ~48% over a period of 24 months. Expected surge in subscription revenues due to the new digitization reforms, higher than expected ad-revenue growth and enhanced reached from the Media Pro venture should help revenues grow at a CAGR of 15.7% to Rs4,711.3 crore by FY15 from the current FY12 revenues of Rs3,040.5 crore. Further, sharp decline in carriage costs going forward and curtailed losses on the sports business should help lift margins and improve earnings to Rs1,296.8 crore from the current Rs589.2 crore over the forecast period FY13-15 (CAGR of 30.2%)."

Sudarshan Sukhani, s2analytics.com advice investors to build positions in HDIL at current levels.

Sukhani told CNBC-TV18, "I would bet on HDIL. It has now finally come out of a very upbeat pattern. Earlier it did move up and then corrected very sharply that correction apparently was a test of the lows which succeeded. HDIL probably has the potential to move much higher. The only caveat is that the markets can get choppy for a day or two. For a long term investor or a intermediate term investor it does not matter whether you buy 50 paisa higher or lower. For the trader it can make a lot of difference so anyone wanting to build positions should consider HDIL at current levels. Somebody wanting to trade should wait for this choppiness to end."

Nirmal Bang is bullish on Arvind and has recommended buy rating on the stock with a target of Rs 92 in its September 28, 2012 research report.

"Arvind caters to all segments of consumers - mass market, premium market and bridge to luxury market. However, its presence in bridge to luxury market was limited, with only two brands Gant and Energie. With the latest acquisition of brands (in India), particularly Nautica, its portfolio in bridge to luxury market will strengthen. Debenhams will enable Arvind to foray into bridge to luxury department stores and Next will facilitate entry into apparel specialty retail chain. This will strengthen Arvind's market share in women and kids wear segment. The management has stated that apparel specialty segment is growing fast and the company is planning to compete with brands like Zara etc."

IIFL is bullish on Manappuram Finance and has recommended buy rating on the stock with a target of Rs 45 in its September 28, 2012 research report.

"Manappuram's PAT could decline by 9% in FY13; in contrast to a significant decline feared a quarter before. Structural reasons behind our improved expectations now are 1) better earnings performance in Q1 FY13 2) lower compression in portfolio yield (to settle near 23% v/s 21% expected earlier) and 3) strong operational response from the company (stringent cost containment measures undertaken). Though profit would continue to decline in coming three quarters, Manappuram would still deliver RoA of 3.8‐4% for the year on a flattish AUM. Except for additional adverse regulations, we see minimal risk to similar RoA performance in FY14."

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