Stock picks for December 5, 2012

Reliance Industries: Quotes, News

BSE 2918.5042.1 (-1.44%)

NSE 2918.6541.05 (-1.41%)

MRF: Quotes, News

BSE 128877.00129 (-0.10%)

NSE 129226.70206.65 (0.16%)

Voltas:

Prabhudas Lilladher is bullish on Voltas and has recommended accumulate rating on the stock with a target price of Rs 127 in its December 04, 2012 research report.

"Voltas' order book at the end of Q2FY12 stood at Rs41.37bn, down by 9% YoY. The domestic market contributed Rs22.07bn and export market contributed ~Rs19.3bn to the overall order book. The company highlighted that the enquiries in the domestic markets in Q3FY13 have been slower than those witnessed in H1FY13. The order flow in the first half was largely dominated by industries (~60%) followed by urban infrastructure (25%).

Jaiprakash Power Ventures:

Sudarshan Sukhani, s2analytics.com is of the view that one can buy Jaiprakash Power Ventures.

Sukhani told CNBC-TV18, " Jaiprakash Power will do better. It is not dramatic because all it did was to move up today. It was in a trading range and it is coming out of that on the upside. It is not just one. The Nifty is telling us nothing so, Jaiprakash Power is beginning an up move and that up move has been preceded by a very up beat pattern. There is much more upside there. It is difficult to give a target for these stocks but we should simply ride the momentum, at current levels it is a buy."

MRF:

Angel Broking is bullish on MRF and has recommended buy rating on the stock with a target of Rs 13416 in its December 3, 2012 research report.

"MRF being a market leader in the tyre industry, we expect a sustained replacement demand to facilitate a modest revenue growth at 10.2% CAGR over SY2012-14E. Moreover, an industry shift to radialization across all tyre segments coupled with stabilizing rubber prices (hovering at Rs175/kg currently, compared to its peak of Rs243/kg in Apr'11), has been the key reason for 234bp yoy expansion of EBITDA margin to10.6% for SY2012 from 8.3% in SY2011. We expect rubber prices to be stable at these levels, thus leading to steady EBITDA margin going forward. We expect the bottom-line to grow at a modest pace over SY2012-14E backed by a moderate growth in the top-line."

RIL:

Shardul Kulkarni of Angel Broking is of the view that, one can buy Reliance Industries (RIL) around Rs 800, as the stock is expected to rally towards Rs 880-885.

He further added, "I would expect RIL to move to around Rs 880-885 over the next three-five weeks. So I would definitely advice buying into the counter. On declines, near to Rs 800, if at all you get the stock, it would be great otherwise even at the current market price, you should be looking at buying into Reliance."

Unitech:

Unitech is expected to fall about 5-7%. One can buy the stock at around Rs 30, says Shardul Kulkarni of Angel Broking.

Kulkarni told CNBC-TV18, "Unitech's chart structure is still very much bullish and one should be looking at declines to buy. But very honestly, there are much better counters than Unitech which I am going to look at. So if one has to take a position in Unitech, one can look at taking positions but near to Rs 30 mark, not at the current price of Rs 32.50, I think the stock can fall lower about 5-7%. But probably at around Rs 30, one can look at buying into the counter."

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