Latest News
-
Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System -
BlackRock Acquires Shares in Electrosteel Castings and PTC India for Rs 207 Crore -
IndiGo Enhances Domestic Routes with Direct Chennai-Durgapur Flights -
Tesla to Recall Nearly 4,000 Cybertrucks Over Accelerator Pedal Fault -
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY
Stock picks for Feb 1, 2013
ICICI Bank:
Sudarshan Sukhani, s2analytics.com advises traders to buy ICICI Bank on dip.
Sukhani told CNBC-TV18, "I have been upbeat on ICICI Bank and I maintain my bullish position. Today the markets are also soft. ICICI Bank is an index heavyweight. It gets influenced by extraneous factors. So I would not take this dip as some kind of a turning point. I would assume that the stock price has more upside here, so I would be a buyer on this dip. Whenever this correction ends the trade is to go long there."
Pidilite Industries:
Motilal Oswal is bullish on Pidilite Industries and has recommended buy rating on the stock with a target of Rs 275 in its January 30, 2013 research report.
"Pidilite Industries' 3QFY13 standalone sales grew 21.6% to INR8.3b (est INR8.4b); EBITDA margins expanded 80bp to 18.1% (est 18.8%), adjusted PAT grew 20% YoY to INR1.04b (est INR1.1b) supported by higher-than-expected other income of INR164m (est INR100m). Reported PAT grew 67.2% as it included a) forex gains of INR89.3m, against a forex loss in base and b) reversals of INR109.9m in interest expense due to FCCB conversion. Consumer Bazaar segment registered 16% volume growth in 3QFY13.
Sun TV Network:
KRChoksey has recommended hold rating on Sun TV Network with a target of Rs 460, in its January 25, 2013 research report.
"Sun TV's Q3FY13 result was in line with our expectation. Net sales stood at Rs 486crs, a healthy growth of 14.3% YoY primarily driven by 20% YoY increase in advertising revenue. EBITDA for the quarter was Rs 376crs, increased by 10.3% YoY. EBITDA margin declined by 270bps to 27.5% as programming cost increased
Titan Industries:
Dolat Capital is bullish on Titan Industries and has recommended buy rating on the stock with a target of Rs 347 in its January 30, 2013 research report.
"Titan Industries, Net Sales at Rs 30bn up 17% v/s our estimate of Rs 28.7bn. Gross margin declined by 40bps YoY to 23.1%. EBITDA at Rs 2.8bn up 32.8% as EBITDA margins expanded by 64bps to 9.4% (our estimate of 10.2%). Advertising cost to sales ratio stood at 3.6% down 133bps YoY and down 70bps QoQ. PAT at Rs 2bn up 24% v/s our estimate of Rs 2bn."
GoodReturns.in
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.
