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Stock picks for Jan 18, 2013


Stock picks for Jan 18, 2013
ITC: Quotes, News
BSE 196.85BSE Quote1.4 (0.71%)
NSE 197.00NSE Quote1.45 (0.74%)
Axis Bank: Quotes, News
BSE 625.00BSE Quote5.45 (0.87%)
NSE 624.75NSE Quote5.1 (0.82%)
Here are a few stock ideas from leading brokerage houses in the country.



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.


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 18, 2013, 9:14 [IST]
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