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Stock picks for Jan 8, 2013


Stock picks for Jan 8, 2013
Here are a few stock ideas from leading brokerage houses in the country.

Lakshmi Vilas Bank:


Sudarshan Sukhani, is of the view that it is far better to get out of Lakshmi Vilas Bank . "The oil marketing companies are doing very well and chart suggest there is more momentum on the upside."

Sukhani told CNBC-TV18, "The oil marketing companies are doing very well, and that is little bit of a surprise because after the initial spurt I thought this will dissipate just as it does every time, but it has been fairly consistent. I do not have a call. I do not really understand how these company prices behave and sometimes it gets very confusing. But if somebody still understands it, yes the charts do say that there is more momentum on the upside."

United Spirits:

Rajesh Agarwal, Eastern Financiers is of the view that one can buy United Spirits on any correction in price for long term perspective.

Agarwal told CNBC-TV18, "For a longer-term horizon any fall in United Spirits price would be a clear buy because even after the open offer if you look at the fundamentals, these numbers are going to improve with Diageo being on the board and infusing funds on that. We expect the company to report an EPS of around Rs 70 in the next year. If we take this on valuation parameter as an FMCG company, although it is not an FMCG company but on the same parameters if we take this we expect this price to be around Rs 2400-2500 in the next six to nine months. Any fall in the stock prices would be an opportunity to buy."

VST Industries:

Firstcall Research has recommended hold rating on VST Industries with a target of Rs 2073, in its January 4, 2013 research report.


"The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956. It shares collaboration with British American Tobacco group of the United Kingdom.

Indraprastha Gas:

Dolat Capital is bullish on Indraprastha Gas and has recommended buy rating on the stock with a target of Rs 379 in its January 4, 2013 research report.

"Indraprastha Gas's (IGL) business model of playing the role of an enabler in the energy economy with adequate pricing power positions as one of the secular plays in the sector. Its role as a facilitator of green fuel culture and an exclusive supplier in the high-growth National Capital Region (NCR) has been proven over the last decade, however the size of the opportunity continues to be big enough for it to sustain growth in high teens next few years.

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: Tuesday, January 8, 2013, 8:46 [IST]
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