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Stock tips for November 23


 Stock tips for November 23
Markets are expected to trade sideways today and much would depend on how the parliament session shapes during the course of the day. Also, being last day of the session, there could be selling pressure. Here are a few stock ideas for the day.

Apollo Hospitals

Firstcall Research has recommended Apollo Hospitals and has a price target of Rs 945 on the stock.
" At the current market price of Rs.844.00, the stock P/E ratio is at 38.85 x FY13E and 32.50 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.21.73 and Rs.25.97 respectively. We recommend ‘BUY' in this particular scrip with a target price of Rs 945 for medium to long term investment," says Firstcall Research report.


Power Finance Corporation

IIFL is bullish on Power Finance Corporation (PFC) and has recommended buy rating on the stock with a target of Rs 191.
"Power Finance Corporation (PFC) has completed its downfall and has created a medium term support around the levels of Rs177, coinciding with 200-DMA. From the current level, the stock can only move towards one direction, i.e. upwards. The daily RSI has also given a positive divergence, indicating that price would start moving up. Breakout from falling wedge pattern also confirms the reversal in the stock. (Duration 4 days)," says IIFL.

Cairn India

IIFL has recommended a sell on Cairn India as it broke below its 100 day moving average.

Read more about: cairn india
Story first published: Friday, November 23, 2012, 8:48 [IST]
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