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    Stock picks for October 3, 2012

    Stock picks for October 3, 2012
    Here are a few stock ideas from leading brokerage

    KEC International:

    SKP Securities is bullish on KEC International and has recommended buy rating on the stock with a target price of Rs 88 in its October 01, 2012 research report.

    "KEC's order book is growing at a CAGR of 24.3% for the last five years. Currently, it has order backlog of Rs 94.6 bn (as on Aug 2012).

    KEC has received orders worth Rs 62 bn during FY12 of which 70%, 6%, 10%, 4% and 14% are contributed by power transmission, power system, cables, telecom, railways and water respectively. Further it received orders about Rs 30 bn in FY13 till date.

    Crompton Greaves:

    Baliga told CNBC-TV18, "Crompton Greaves, again at these levels in fact I have turned quite bullish on this stock looking at the overall scenario in the cap-goods space. So again, this one I would look for a small correction, possibly levels of about Rs 118-120 to get in."

    He further added, "Banking sector, if you are talking of the next couple of days, next 3-4 days possibly topped out. That is the reasosn I am saying one should possibly wait for a small correction and get into banks. If you are talking of the next 4 or 5 months I think this is just the beginning of the rally. So, you should surely pick it up at those lower levels. Clearly with expected rate cut of at least 25-50 basis points any sort of correction should be utilised to buy."


    Ambareesh Baliga, Independent Analyst advice traders to buy Voltas around Rs 112- 114.
    "Voltas, international order flows have in fact become slightly weaker that's surely one concern. But then Voltas is closer to about Rs 112-114, once it comes to those levels I think it becomes a decent buy because the upside I see for this stock is about Rs 145-150."


    Tata Motors:

    Motilal Oswal is bullish on Tata Motors  and has recommended buy rating on the stock with a target price of Rs 370 in its October 01, 2012 research report.

    Tata Motors Luxury vehicle market volume momentum remains intact. Top 4 players grew ~9.3% in FY13YTD (Apr-Aug) led by 21% growth in China. Luxury SUV (JLR's strength) growth remains robust across markets; FY13YTD, SUV volume growth is 40% for JLR and 18% for Mercedes Benz

    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, October 3, 2012, 8:37 [IST]
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