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Stock tips for October 17, 2012


Stock tips for October 17, 2012
Here are a few stock ideas from leading brokerage houses in the country.

HT Media

KRChoksey is bullish on HT Media and has recommended accumulate rating on the stock with a target of Rs 105 in its October 16, 2012 research report.


"HT Media Ltd's Q2FY13 numbers were below our expectation as advertising revenue plunged due to slowdown in economy which resulted in shrinkages in ad spends across the board. The company reported net sales of Rs 510.7crs, marginal growth of 3.6% YoY. EBITDA stood at Rs 56.5crs, a sharp decline of 20.7%. Higher newsprint cost and increase in employee expenses eroded EBITDA margins by 330bps to 11.1%. Net profit for the quarter was Rs 33.3crs, lower by 24% over Q2FY12. Net profit margin for the quarter was 6.5%, down by 240bps YoY. Q2FY13 witnessed pressure on ad spends from major sectors of ad pie National advertising remained subdued. The impact was partially mitigated by strong growth in local advertising. The management expects things to improve in Q3FY13 being festive season. Radio and digital segments witnessed strong revenue growth in the quarter. Delay in ad spends revival in English market will dent on revenues. Higher newsprint cost and increase in operating expenses will put margins under pressure going ahead."

Development Credit Bank

Nirmal Bang is bullish on Development Credit Bank (DCB) and has recommended buy rating on the stock with a target of Rs 65 in its October 15, 2012 research report.

"Development Credit Bank (DCB)'s results were broadly in line with estimates with PAT increasing by 66.4% YoY and 17% QoQ to Rs 22.1 cr. The improvement efforts of the bank are yielding results in the form of traction in the banks fee income and controlled credit cost. DCB's operational restructuring is expected to improve cost efficiency. We expect RoE and RoA for the bank to show a continuous improvement (RoE from 7.7% in FY12 to 11.3% in FY14E and RoA from 0.7% in FY12 to 1.0% in FY14E)."


Ranbaxy Labs

Nirmal Bang is bullish on Ranbaxy Labs and has recommended buy rating on the stock with a target of Rs 572 in its October 15 2012 research report.

"Ranbaxy Labs has been in an uptrend in a rising channel pattern since Dec'11 forming a series of lower highs and lows. The counter after a sharp advance from the recent Aug'12 lows later formed a higher high in Sep'12 around the Rs580 levels which found resistance near the rising trend line drawn from connecting April'12, May'12 & Sep'12 highs. The stock recently has held its support of Rs520-Rs530 levels along with the 50sma and the short-term falling channel pattern which further validates the support zone. The stock prior to the breakout formed series of minor higher lows along with multiple bullish candlestick patterns which hinted for an upside breakout."

ING Vysya Bank

AnandRathi is bullish on ING Vysya Bank and has recommended buy rating on the stock with a target of Rs 510 in its October 15 2012 research report.

"ING Vysya Bank has formed a rounding bottom formation on weekly charts thereby suggesting strength in the counter.Volumes have been good in the stock an dit now looks good to go past its all time high of Rs.444 in the near term above which our MTT target of Rs.510 could be seen within the next three months or so.ING VYSYA is trading above major moving averages 200DMA at 357,100DMA at 374 and 50 DMA 389 & the 200WMA at 299 levels. We are bullish on the stock and we recommend our valuable clients to buy the stock on dips and accumulate the stock," says AnandRathi research report.

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 17, 2012, 8:44 [IST]
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