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Stock tips for Jan 2, 2013


Stock tips for Jan 2, 2013
Here are a few stock ideas from leading brokerage houses in the country.

Pantaloon Retail:

Sudarshan Sukhani of is of the view that one can buy Pantaloon Retail .


Sukhani told CNBC-TV18, "Pantaloon Retail was a disappointment for so many months and years and now once it crossed Rs 200, made the right chart patterns; it is embarking on its own bull market. Currently after a big rally Pantaloon was in a trading range. It is now breaking out. It is a momentum stock, high beta play and a stock that has built a base and is now coming out of it. So in all aspects it qualifies as a buying opportunity."

Reliance Capital:

Sudarshan Sukhani, advises traders to buy Reliance Capital .

Sukhani told CNBC-TV18, "We should probably avoid L&T . It is not going to be a major participant in any rally that comes about. At this point the laggard BHEL should be the preferred choice."

He further added, "ADAG Group stocks are showing momentum and collectively, not just one of them. So what is happening that Reliance Capital has a much larger higher target in spite of the rallies we have seen? It is just breaking out again to new highs of this uptrend and the patterns are all bullish. The same applies to Reliance Infra."

Exide Industries:

Sudarshan Sukhani, advises traders to buy Exide Industries .

Sukhani told CNBC-TV18, "I am upbeat on Exide Industries. It's been in a trading range, but that range has come about after a very significant rally just as the Nifty went into a range after a big rally. So the next step in Exide should be on the upside. So I would be a buyer in it."

Castrol India:

Nirmal Bang is bullish on Castrol India and has recommended buy rating on the stock with a target of Rs 349 in its December 31, 2012 research report.

"Castrol India has so far ably defended its market share in the lube oil industry despite its premium product offerings by leveraging on its strong brand.

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: Wednesday, January 2, 2013, 9:14 [IST]
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