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Stock tips for December 6, 2012


Stock tips for December 6, 2012
Here are a few stock ideas from leading brokerage houses in the country

Cochin Minerals:

Sunidhi Securities is bullish on Cochin Minerals and Rutile and has recommended buy rating on the stock with a target of Rs 350 in its December 5, 2012 research report.


Pantaloon Retail:

Sudarshan Sukhani of advises investors to hold Pantaloon Retail for long term.

Sukhani told CNBC-TV18, "I am not upbeat on Pantaloon Retail, everything will go up if things work out the way Mr. Tulsian has explained that's a different issue but the risks are much higher."

GMR Infra:

Devang Mehta, Anand Rathi Financial Services is of the view that one should hold GMR Infrastructure with long term perspective.

Mehta told CNBC-TV18, "Probably the overhang on the GMR Infrastructure at this point of time is about the GMR led consortium getting the order cancelled for the Male airport, Maldives. I think there is a regulatory problem that is emerging at this point but how the issue settles is anyone's guess. Whether the group is getting the compensation for that or what will happen law will take its own course. But probably on the fundamental side GMR Infra and such stocks are going to do well as soon as the interest rates come down as soon as the capex starts happening. I think somebody has long-term horizon then the stocks which are into airport development or power or infra will tend to do well but your horizon has to be atleast one and half to two years. I see good times ahead for such stocks."

Allahabad Bank:

Positional traders can enter in Allahabad Bank around Rs 148-153 for the target of Rs 180, says Shubham Agarwal of Motilal Oswal Securities.

Agarwal told CNBC-TV18, "Overall midcap banks are looking pretty well. Specific about Allahabad Bank there was an inverse head and shoulder pattern which has just broken out today. But because the base is too far we are seeing a rally from Rs 130-155 which has been very immediate. The neckline of that pattern was at Rs 153, it has definitely got surpassed but I would advise to wait for a temporary pullback which can be upto an extent of Rs 148. So, between Rs 148 and Rs 153 it is a good level to enter that stock for positional trade. It has a target of around Rs 180. So, one can wait for a temporary pull back to come. Overall direction for the stock is definitely on the upside."

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: Thursday, December 6, 2012, 9:28 [IST]
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