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Stock picks for Jan 18, 2013

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Stock picks for Jan 18, 2013
ITC: Quotes, News
BSE 272.55BSE Quote0.25 (-0.09%)
NSE 272.70NSE Quote0.2 (-0.07%)
Axis Bank: Quotes, News
BSE 741.35BSE Quote11.3 (-1.52%)
NSE 741.25NSE Quote11.35 (-1.53%)
Here are a few stock ideas from leading brokerage houses in the country.

ITC:

 

Anand Tandon, CEO, JRG Securities advises traders to hold ITC.

Tandon told CNBC-TV18, "One can continue to hold ITC for the simple reason that, it is one of the few Fast-moving consumer goods (FMCG) companies where you will continue to get earnings growth despite whether there is inflation or no inflation."

NIIT Technologies:

Nirmal Bang is bullish on NIIT Technologies and has recommended buy rating on the stock with a target of Rs 332 in its January 2013 research report.

"NIIT Technologies (NIIT Tech) reported a net profit of Rs.56 crore in Q3FY'13 compared to Rs.43.1 crore during Q2FY'13. Net Sales for the quarter stood at Rs.514.4 crore, registering an increase of 2.8 per cent q-o-q. Order intake during the quarter stood at USD 82 million taking the total executable order book to USD240+ million over the next 12 months."

Axis Bank:

KRChoksey is bullish on Axis Bank and has recommended buy rating on the stock with a target of Rs 1666 in its January 17, 2013 research report.

"Axis Bank posted steady operating performance with net profits of Rs1347 crore growing 22.2% y-o-y & 19.9% q-o-q, 2.5% ahead of our estimate. NII grew steadily 16.6% y-o-y and 7.2% q-o-q aided by loan book growth 20.7% y/y and 11bps q-o-q NIM improvement.

Tata Consultancy Services:

Way2Wealth has recommended hold rating on Tata Consultancy Services (TCS) with a target of Rs 1370 in its January 17, 2013 research report.

"TCS again reported good growth momentum in a seasonally tough quarter. Revenues for the quarter stood at $2,948mn, and registered QoQ growth of 3.3%. Volume growth of 1.3% was below than overall market expectation and TCS standards and mainly impacted by weak seasonality and longer than expected furloughs in hi tech/manufacturing/BFSI verticals.

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Read more about: stock picks
Story first published: Friday, January 18, 2013, 9:14 [IST]
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