For Quick Alerts
For Daily Alerts

    Stock tips for Dec 17

     Stock tips for Dec 17
    MphasiS: Quotes, News
    BSE 974.00BSE Quote6.15 (-0.63%)
    NSE 978.65NSE Quote2 (-0.20%)
    Tata Motors: Quotes, News
    BSE 235.90BSE Quote5.35 (2.27%)
    NSE 236.25NSE Quote5.75 (2.43%)
    Markets are expected to open flattish to negative as trading for the new week begins. Here are a few stock ideas keeping in mind from a short to medium term perspective.



    Aditya Birla Money has maintained neutral rating on Mphasis and has set a target price of Rs 400, in its December 14, 2012 research report.

    "MphasiS, during Q4FY12, Mphasis's topline declined by 3.6% to Rs 13.06 bn from Rs 13.55 bn on QoQ basis and decreased by 0.6% on YoY basis. The revenue continued to decline in $ terms for the fifth consecutive quarter, this time by modest 0.5%. HP channel continued to remain under pressure due to project ramp down (declined by 5.4% QoQ). Even, Direct Channel witnessed delay in project closures (declined by 1.5%). Interestingly, Non-ES part of HP business continued to grow at a healthy pace of  growth of 8.1% and helped them to increase the Non-ES proposition to 10.5% in Q4FY12 vs 6.2% in Q1FY12.

    Tata Motors is bullish on Tata Motors  and has recommended buy rating on the stock with a target price of Rs 325, in its December 14, 2012 research report.

    "Tata Motors has remained in a secular bull trend since bottoming out in the early part of 2009. It was among the first few stocks to surpass its 2008 peaks during the 2009-10 rally and has made significant strides since then. The stock was the first to bottom out during the 2010-11 decline as it hit a major trough of Rs 135 during September 2011 and, thereafter, rallied to record its all-time high of Rs 320 levels by April 2012. The subsequent decline from the all-time highs saw the stock retrace the September 2011-April 2012 rally by precisely 61.8%, which is also referred to as the Golden Fibonacci ratio as secular bull markets seldom correct more than 61.8%.

    Read more about: mphasis tata motors
    Story first published: Monday, December 17, 2012, 8:39 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more