For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Stock tips for Dec 18

    |
    Stock tips for Dec 18
    Markets are expected to open higher on the back of strong overnight closings in the US. Here are a few stock ideas with a medium to long term perspective in mind.
     

    Persistent Systems

    Asit C. Mehta is bullish on Persistent Systems and has recommended accumulate rating on the stock with a target price of Rs 521 in its December 17, 2012 research report.

    "At Rs 486, the company is trading relatively closer to its fair value (i.e. closer to 10x), which is at the highest end of our midcap PE band of 6.5-10). Persistent is currently trading at 9.2x the FY13E EPS of Rs 52.6 and 9.3x the FY14E EPS of Rs 52.1. We continue to value the company at 10x the FY14E EPS and arrive at a target price of Rs 521, implying an upside of 8%. We advise investors to ACCUMULATE the stock at the current price," says Asit C. Mehta's research report.

    KPIT Cummins

    KR Choksey has put a buy rating on KPIT Cummins, with a target of Rs 128. "Taking into account, recent large deal wins and strong deal pipeline, we believe the company will continue to register leading growth rate among peer sets, going forward. Moreover, we believe the recent stock price correction offers attractive entry point and hence we recommend "BUY" on the stock with a price target of Rs.128 by assigning P/E multiple of 10 times to its FY14E EPS of Rs.12.8."

    GoodReturns.in

    Read more about: stock tips
    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