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    Stock tips for December 3, 2012

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    Stock tips for December 3, 2012
    Coal India: Quotes, News
    BSE 236.60BSE Quote0.2 (-0.08%)
    NSE 236.45NSE Quote0.75 (-0.32%)
    Grasim Industries: Quotes, News
    BSE 833.50BSE Quote17.45 (2.09%)
    NSE 836.70NSE Quote21.3 (2.55%)
    Here are a few stock ideas from leading brokerage houses in the country.

    DCB:

     

    ICICIdirect.com is bullish on Development Credit Bank (DCB) and has recommended buy rating on the stock with a target price of Rs 61, in its November 30, 2012 research report.

    "Waking up from hibernation: Share price of DCB, a national mid-sized player in the commercial banking space, has been oscillating at Rs 52-37 for the past nine months. With the recent upsurge in benchmarks, risk appetite seems to be returning in many midcap stocks. This is evident from the price chart of DCB as well.

    Coal India:

    SPA Research is bullish on Coal India  and has recommended buy rating on the stock with a target price of Rs 424 in its November 30, 2012 research report.

    "Coal India reported net sales of INR 145.7 bn, up by 10.8% YoY led by volume growth of 8.8% and improved average realization by 1.9%. EBITDA/tn declined sequentially by INR 145 to INR 282 in Q2FY13 (INR 267 in Q2FY12) largely on the back of INR 100/tn surge in employee cost. We retain our "BUY" recommendation on the stock with a target of INR 424.

    Larsen and Toubro:

    Motilal Oswal is bullish on Larsen and Toubro  (L&T) and has recommended buy rating on the stock with a target price of Rs 1795 in its November 30, 2012 research report.

    "We expect FY13/FY14 to be an inflexion point in Larsen and Toubro's (L&T) attempt to diversify geographically and thus reduce the concentration risk of depending on the domestic economy. We estimate the overseas business would contribute ~28%/32% of profits in FY13/FY14 respectively, up significantly from ~21% in FY12.

    Grasim Industries:

    Rahul Mohindar of viratechindia.com advises traders to accumulate Grasim Industries .
     
    Mohindar told CNBC-TV18, "One could build on positions and particularly on the Nifty if we get that 1 percent kind of dip probably a good opportunity to buy. But stocks specifically there are several stocks one could keep ones eyes on - the like of Grasim that is a stock which could be accumulated into. Larsen & Turbo (L&T) is something I have been talking about."

    GoodReturns.in

     

    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: Monday, December 3, 2012, 9:09 [IST]
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