Infosys: Quotes, News

BSE 1279.351.15 (-0.09%)

NSE 1279.100.8 (-0.06%)

Idea Cellular:

Rahul Mohindar, Director, viratechindia.com is of the view that, one can buy Idea Cellular at Rs 115 for the target of Rs 120.

Mohindar told CNBC-TV18, "Idea Cellular is undoubtedly been doing very well over the last couple of months. I think we are in such a strong up trend that the tough part is to come in and say let us buy Idea at Rs 115. If you are looking at a fresh position maybe not in Idea, Rs 120 is the target on Idea we have been looking at.

However, Reliance Communications is possibly a better bet. Keep a stop loss at about Rs 81 level you might be looking at a Rs 90 target over the next few weeks. So, certainly that would be a preference. I would continue to avoid Bharti Airtel even now."

L&T:

One can buy Larsen and Toubro (L&T) at around Rs 1500-1550 with a stop loss of Rs 1440, says Rahul Mohindar, Director, viratechindia.com.

Mohindar told CNBC-TV18, "Larsen & Toubro (L&T) is something on the long-term which I still think is worth a buy. So, this level between Rs 1500-1550 is a good area to lap it up in terms of an investment profile of beyond six months. The stop I would use on L&T would be broadly Rs 1420-1440 this is from a long-term investment point of view

Tata Motors:

Motilal Oswal is bullish on Tata Motors and has recommended buy rating on the stock with a target price of Rs 385 in its January 11, 2013 research report.

"Tata Motors, organizational changes under new India MD to improve competitiveness, with the aim to be credible #2 player in PVs by 2020 and maintain market leadership in CVs. Has set up a road map to revive PV business by focusing on consumers and offering exciting product portfolio, improving quality and improving overall consumer experience in sales and service.

Infosys:

SPA Research has recommended hold rating on Infosys with a target price of Rs 2,700, in its January 14, 2013 research report.

"Infosys with its 6.34% QoQ USD revenue growth in Q3FY13 finally broke the shackles it has confined itself, in the past seven quarters where-in it reported a USD revenue CQGR of 1.81%. The growth was mainly on the back of consulting deals won in Q2FY13 ramping up by late December.

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