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Stock tips for November 27, 2012


Stock tips for November 27, 2012
Here are a few stock ideas from leading brokerage houses in the country.

Petronet LNG:

Prabhudas Lilladher is bullish on Petronet LNG and has recommended accumulate rating on the stock with a target of Rs 179 in its November 19, 2012 research report.


"MOPNG has notified rules for registration of LNG terminals whereby common carrier capacity to the tune of 20% of short term re-gas volumes (short term volumes being volumes with less than 5 years of supplies) or 0.5MMTPA, whichever is higher is mandatory for new/ operating terminals. We believe the impact on Petronet is limited owing to already existing tolling volumes (~1.4MMTPA/~40% of short term volumes in FY12) at its Dahej terminal. The notification also states PNGRB is mandated to protect consumer interest as well as foster fair trade and competition among LNG terminal operators, raising concerns among a section of investors over potential regulatory risks. However, we believe concerns on potential regulation of re-gasification tariffs by PNGRB are unwarranted as the government is likely to take a pragmatic view in a scenario which demands incentivizing LNG capacity build out."

Sadbhav Engineering:

Angel Broking is bullish on Sadbhav Engineering and has recommended buy rating on the stock with a target of Rs 168 in its November 21, 2012 research report.

"For 2QFY2013, Sadbhav Engineering (SEL) reported a poor set of numbers, which were significantly below our and consensus estimates. SEL had an order inflow of ~Rs750cr during1HFY2013, taking its order book to Rs7,947cr (3.4x FY2013E revenue), which provides good revenue visibility. We maintain our Buy view on the stock."

Jet Airways:

Buy Jet Airways on dips, says Ashu Madan, Religare Securities.

Madan told CNBC-TV18, "Aviation has already outperformed in the last couple of sessions or weeks but having said that I don't think that it is toppish. There could be a phase of consolidation because of the returns we have seen in the last more than 50 percent particularly Jet Airways which is enjoying the leadership role and it is backed by fundamentals not that simply there has been a turnaround. So I feel that there is still somewhere to go."


He further added, "We could see another 10 percent rise from these levels also. So I am not too disturbed by the size. So probably would look for an opportunity may be for some while because of the sharp run up might go into a sideways kind of movement. But I think any kind of a correction is an opportunity to buy."


Buy Mahindra & Mahindra (M&M) around Rs 900, says Ashu Madan, Religare Securities.

Madan told CNBC-TV18, "On the fundamental side the result season of PSU banks has not been good for them so they have already corrected. So I feel that even if it is IDBI, IDFC or NBFCs, the financial services and select PSU banks, Dena Bank, Allahabad Bank. I think we can get into these banks and probably in times to come we would see some good returns generating out of these."

He further added, "For Mahindra & Mahindra (M&M) I think Rs 900 would be a very good level and currently looks like it is in an unchartered territory. So all this news on general profit taking, probably the worst could be around Rs 900 levels and if by any chance I see those levels I would definitely recommend buying."

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: Tuesday, November 27, 2012, 9:02 [IST]
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