Stock tips for Dec 17

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     Stock tips for Dec 17
    MphasiS: Quotes, News
    BSE 1065.60BSE Quote9.1 (-0.85%)
    NSE 1065.30NSE Quote10.35 (-0.97%)
    Tata Motors: Quotes, News
    BSE 170.65BSE Quote0.1 (0.06%)
    NSE 170.65NSE Quote0.1 (-0.06%)
    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.

    Mphasis

    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

    ICICIdirect.com 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%.

    GoodReturns.in

    Read more about: mphasis tata motors
    Story first published: Monday, December 17, 2012, 8:39 [IST]
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