JP Associates:

Indira Securities is bullish on Cox & Kings and has recommended buy rating on the stock with a target of Rs 168 in its January 3, 2013 research report.Vishal Jajoo, Nirmal Bang Securities is of the view that trader should exit Jaiprakash Associates between Rs 110 and Rs 120 levels.

Jajoo told CNBC-TV18, " JP Associates is a high beta stock. This is the market which is performing well. If one looks at the balance sheet which is overleveraged, the management of the company has acknowledged the fact and is making cautious efforts to de-leverage the balance sheet."

Lanco Infratech:

Vishal Jajoo, Nirmal Bang Securities is of the view that one can hold Lanco Infratech.

Jajoo told CNBC-TV18, " Lanco Infratech is an example of an overleveraged company. Debt stands in excess of Rs 30,000 crore. This calendar year, it is expected that the interest rates and the economy should fall anywhere between 100-150 basis points. If one looks at the latest Lanco Infra quarterly results, the interest expense itself is more than Rs 500 crore. After booking those interest expenses, the company posted a loss of more than Rs 100 crore. So, if we have this kind of scenario going forward and a clear case wherein the stock has been really hammered out of shape on a low base making a quick 20-25% returns because even if Rs 14 becomes Rs 18, you end up making Rs 28% returns. There are bright chances for it. Therefore, one should hold on to the stock."

Cox & Kings:

Indira Securities is bullish on Cox & Kings and has recommended buy rating on the stock with a target of Rs 168 in its January 3, 2013 research report.

Ashok Leyland:

Vishal Jajoo, Nirmal Bang Securities is of the view that one can hold Ashok Leyland.

Jajoo told CNBC-TV18, "The commercial vehicle (CV) cycle, the latest numbers for the December definitely show that things are not in the best of the shape. But then it is expected that the cycle has bottomed out. Ashok Leyland management is making efforts in improving the working capital; they are trying to reduce it by Rs 1,000 crore over the next few months. In addition to that, there are a few more launches and variants especially for the defence sector. If one looks at the negatives of the CV cycle, all of them are already there in the price. The present price, the dividend yield is marginally more than 3%. So, this stock should be held on to the portfolio."

Manappuram, Muthoot Finance:

One can go long on Manappuram Finance and Muthoot Finance , as both the stocks have been outperforming and 30-35 %rally is expected from current levels, says Shubham Agarwal of Motilal Oswal Securities.

Agarwal told CNBC-TV18, "Manappuram General Finance and Muthoot Finance are lucrative, but after looking at the movement that has already taken place today. One should wait for a pullback or a consolidation. So either ways once the stock goes sideways for sometime then we will have better clarity but if someone is really willing to take a risk of 20-25 percent as a stop loss which should be the minimum level of stop loss for both the scrips."

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