SPA Research is bullish on Geometric and has recommended buy rating on the stock with a target price of Rs 118 in its January 03, 2013 research report.
"Geometric acquires 3Cap, a German electronic engineering and embedded systems company for Euro 11mn. The company, 3Cap, caters to Automotive industry with 110 employees and a revenue run-rate of Euro 11mn for FY12. Out of the Euro 11mn, Euro 7.5mn will be paid upfront (from internal accruals) and the rest of the amount will be disbursed over the next 3 years depending upon various milestones agreed upon by both the companies with a maximum pay out not to exceed Euro 11mn. We consider this to be a positive development for the company as it would expose the company to German automotive industry which would help in cross-selling the products. Although product business is a high margins business its affect on EPS is marginally positive (+2%).
Sudarshan Sukhani of s2analytics.com advises traders to buy Wockhardt at current levels.
Sukhani told CNBC-TV18, " TVS Motor is doing very well today, so at least it is topical. I am not very upbeat on it. It has given us a V-shaped reversal. It was falling relentlessly and then one sudden day one fine morning it said okay I am now going to go up. V-shaped reversals have never sustained. So, I would be very careful. I would not recommend any kind of trade here. Let is stabilise then only it is worth looking at."
A C Choksi is bullish on Reliance Communications and has recommended buy rating on the stock with a target of Rs 107 in its January 4, 2013 research report.
"Reliance Comm is moving in down trend since January 2008, It fell from Rs 844 to Rs 46.55 level. But after touching 46.55 level inAugust 2012, it made higher high&lows. Yesterday it broke the long termfalling trendline resistance inweekly chart and it also broke the previous high of Rs. 78.80, which clearly indicates the trend reversal."
Jagannadham Thununguntla of SMC Global is of the view that one can buy Hexaware Technologies.
Thununguntla told CNBC-TV18. " Hexaware Technologies at Rs 90 is a good contrarian bet wherein entire market is bearish on Hexaware, but what we have to see is that they have given a revenue guidance cut of about 2 percent and there is an expectation of a profit margin squeeze as well. Having said that at the current price the stock is trading around 8-8.5 PE multiple and if you adjust to the cash on the balance sheet the PE multiple will reduce further.
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