Stock picks for Jan 17, 2013

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    Stock picks for Jan 17, 2013
    Axis Bank: Quotes, News
    BSE 562.20BSE Quote12.4 (-2.21%)
    NSE 562.55NSE Quote13.5 (-2.40%)
    Reliance Industries: Quotes, News
    BSE 1101.65BSE Quote47.25 (-4.29%)
    NSE 1101.30NSE Quote50 (-4.54%)
    Here are a few stock ideas from leading brokerage houses in the country.

    Axis Bank:

    Prabhudas Lilladher is bullish on Axis Bank and has recommended buy rating on the stock with a target price of Rs 1,650 in its January 15, 2013 research report.

    "Axis Bank reported a better-than-expected Q3FY13, with positive surprise on asset quality and margins. Growth metrics have held up better than most corporate B/S- linked banks due to retail push and cumulative slippages, including restructuring which has held up better than management guidance. We believe asset quality stability over the last 2-3 quarters would have addressed some investor concerns and with valuations remaining relatively undemanding at 1.9x FY14 (1.7x on diluted basis), we retain Axis as one of our top financials pick with a Mar-14 PT of Rs1,650/share.

    NIIT Technologies:

    Prabhudas Lilladher is bullish on NIIT Technologies  (NIIT Tech) and has recommended buy rating on the stock with a target price of Rs 350 in its January 15, 2013 research report.

    "NIIT Tech reported revenues/margin above PLe/Consensus expectation. However, on the margin front, it disappointed due to the weakness in GIS and insurance business. Improving revenue momentum in GIS, project ramp-up in Morris would give the much needed revenue impetus along with margin expansion in CY13.

    Tata Motors:

    Vishal Jajoo, Nirmal Bang Securities is of the view that one can buy Tata Motors on decline.
    Jajoo told CNBC-TV18, "There are problems with regards to the domestic automobile sales, but if one looks at Tata Motors with 75 percent of their sales coming in from Jaguar Land Rover (JLR) and more than 90 percent of their profits coming in from that particular subsidiary, I think if one bets on the fact that China is recovering and there were question marks with regards to survival of eurozone and of late we are not discussing those issues anymore, if one has to play on these two economies I do not think so one can get a better stock as compared to Tata Motors."

    Reliance Industries:

    Sudarshan Sukhani, is upbeat on Reliance Industries and suggest that one can buy Reliance Industries.

    Sukhani told CNBC-TV18, "I am upbeat on Reliance Industries . It is giving a sense that it is bottoming out and its base building exercise is going on for years and has done nothing but suppose it comes out of it then it will be like Hindustan Unilever , which did nothing for ten years and then suddenly doubled itself. It could be very interesting, Rs 860-870 is a threshold level and in any case I would be a buyer in Reliance because the risk is very small. 

    Exide Industries:

    Shardul Kulkarni of Angel Broking is of the view that, Exide Industries  is expected to move below Rs 140 and National Mineral Development Corporation (NMDC) around Rs 158, so one can short go short in both these counters.

    Kulkarni told CNBC-TV18, "In the large caps at least we are not looking at going short but in the midcap space we may find a few. First is Exide Industries where in we have recommended short positions. We expect the stock to move below Rs 140. In case of National Mineral Development Corporation (NMDC) that is one counter where one can look at going short. The stock has been in a strong downward trend and going forward I would expect the stock to move to the lower end of the bollinger band which is around Rs 158. So I would look at going short in these two."

    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: Thursday, January 17, 2013, 9:05 [IST]
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