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Stock tips for Dec 31, 2012


Stock tips for Dec 31, 2012
Here are a few stock ideas from leading brokerage houses in the country.

Shoppers Stop:

AnandRathi is bullish on Shoppers Stop and has recommended buy rating on the stock with a target of Rs 570 in its December 29, 2012 research report.


"SHOPPERSTOP is steadily moving up within a rising channel on weekly charts where good support exists around Rs.420-Rs.425 and now looks very good to cross Rs.504.85 which is all time high for the stock, Crossing which target of Rs.570 is possible for the stock. the stock is trading above all major averages with the 200DMA at Rs.371, 100DMA at Rs.395 and 50DMA at Rs.422 while 200 Week M.A is pegged at Rs.283 . SHOPERSTOP has also witnessed buying in huge volumes in the past 6-8 weeks suggesting that strength is prevailant in the stock even at higher levels. We recommend buying the stock on every dip and accumulate the stock for an upside target of Rs. 570 in the medium term," says AnandRathi research report.

Kirloskar Pneumatic:

Firstcall Research has recommended hold rating on Kirloskar Pneumatic with a target of Rs 540, in its December 27, 2012 research report.

" Kirloskar Pneumatic Company Ltd is one of the core group companies. KPCL was incorporated in 1958 under the chairmanship of Late Shri Shantanurao Kirloskar. KPCL has also established a number of joint ventures and technology partnerships with leading global companies. It has earned the distinction of developing a host of advanced products to suit Indian conditions and has been continuously updating them to maintain the highest standards of quality and reliability. The company started its operations with the manufacture of Air Compressors and Pneumatic Tools. New product lines were they added included Air Conditioning and Refrigeration systems, Marine HVACR, Process Gas systems and Hydraulic Power Transmission machinery."

Pantaloon Retail:

Buy Pantaloon Retail futures for target of Rs 265 with a stoploss of Rs 239, says Hemant Thukral, Aditya Birla Money.

Thukral told CNBC-TV18, "We maintain our bullish call on Nifty, very clearly due to Put writers shifting their position north, now 5,800-5900 both are adding aggressive positions on the Put side. In fact 5,900 Puts have added 9 lakh shares, clearly showing that market participants are getting more confident that Nifty might retest 6000-6030 in an immediate short-term."
He further added, "Pantaloon Retail has added aggressive long positions. The new long positions have been added up on the back of aggressive rollovers. This stock has given fresh breakout technically by crossing above Rs 242. We recommend a buy on Pantaloon Futures for a price target of Rs 265, keeping a stop loss level of Rs 239."


IndusInd Bank:

Motilal Oswal is bullish on IndusInd Bank and has recommended buy rating on the stock with a target of Rs 500 in its December 28, 2012 research report.

"IIB continues to enjoy strong growth (35%+ CAGR over last three years) and superior asset quality (GNPA of 0.8%) in CV loans (24% of total book), despite sector slowdown. The underlying success factors are: (1) strong credit appraisal, (2) high repeat business, and (3) focus on the lower-stress SRTO segment (small road transport operators). In corporate loans segment, IIB's asset quality is helped by (1) diversified loan book, and (2) low proportion of term/unsecured loans. Management is confident of maintaining healthy loan growth of 25-30% and superior asset quality (which would keep credit cost under control)."

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: Monday, December 31, 2012, 9:28 [IST]
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