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Stock picks for Jan 11, 2013


Stock picks for Jan 11, 2013
Kingfisher Airlines: Quotes, News
BSE 1.3600000143051147BSE Quote0 (0.00%)
NSE 1.2999999523162842NSE Quote0 (0.00%)
Balrampur Chini Mills: Quotes, News
BSE 164.05BSE Quote2.4 (1.46%)
NSE 164.60NSE Quote3.05 (1.85%)
Here are a few stock ideas from leading brokerage houses in the country.

Balrampur Chini:


SP Tulsian, advises traders to exit from Balrampur Chini on rally.

Tulsian told CNBC-TV18, "Balrampur Chini, these UP based sugar mills are all doing very badly. The prices of the sugarcane also has come down, the farmers have been selling because mills are not lifting because they find it uneconomical. The kind of realisations also has corrected to about Rs 32-32.50 so things are not looking very healthy."

Kingfisher Airlines:

Phani Sekhar, Angel Broking is of the view that one should exit Kingfisher Airlines and get into some more stable sectors like banking.

Sekhar told CNBC-TV18, "At these price levels Kingfisher Airlines is a prisoner of the news flow and what happens out there is anyone's guess. If one is an investor looking at the next 1.5-2 years then the prospects do not look very bright. Before the closure the market share of the airline was about 3 percent. Now the best thing that can happen is they will start partial operations which means the market share is going to be even lesser than that. With an enterprise value of close to Rs 10,000 crore with net worth in the negative territory of minus Rs 6,500 crore, if you look at the dilution that might entail because of a new partner coming in, it is going to be very huge for the existing shareholders."

IndusInd Bank:

Prabhudas Lilladher is bullish on IndusInd Bank (IIB) and has recommended buy rating on the stock with a target of Rs 480 in its January 09, 2013 research report.

"IIB continues to deliver on strong top-line growth with robust loan book growth, a surprise in NIMs and +30% fee income growth. Loan book growth at 8% QoQ was supported by growth across segments, especially LAP/Car/Utility loans. NIM expansion of ~20bps was higher-than-expected as the positive impact of the equity issue + large fixed rate book is yet to come in H1CY13. Fee income growth also continues to remain best in class with strong momentum continuing in IB/FX/Trade businesses."

Sintex Industries:


Shardul Kulkarni of Angel Broking is of the view that, one can short Sintex Industries with a stop loss of Rs 72 for the target price of Rs 64-63.

Kulkarni told CNBC-TV18, "Looking at Sintex Industries' chart, I would say it is a good opportunity to go short but with a very strict stop loss. I would say that Rs 72 should be the stop loss in case of Sintex. If the stock goes above Rs 72, one should not be going short. At the current price at around Rs 69-70 that range one can consider going short. This is a positional trade which I am talking of at least three-four weeks. So I would look at a potential target of around Rs 64-63 on the lower side. But going short, is what I would recommend in case of Sintex with a strict stop loss of Rs 72."

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: Friday, January 11, 2013, 9:03 [IST]
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