Stock picks for Feb 6, 2013

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    Stock picks for Feb 6, 2013
    Bank of Baroda: Quotes, News
    BSE 102.70BSE Quote0.55 (0.54%)
    NSE 102.60NSE Quote0.2 (0.19%)
    Here are a few stock ideas from leading brokerage houses in the country.

    Bank of Baroda:

    Sudarshan Sukhani of s2analytics.com advises traders to short Bank of Baroda.

    Sukhani told CNBC-TV18, "Bank of Baroda, today was narrow range. There was a gap, but a range that is still narrow, so that narrow range is going to expand whether it expands today or tomorrow. The chances are it will expand on the downside. So, it is one of the few stocks where after a big hammering there is still an opportunity to go short and naturally you have to be careful. Keep your stops, manage your trade, these are givens, but the opportunity exits."

    Escorts:

    Sudarshan Sukhani of s2analytics.com advises positional traders to buy Escorts for six months.

    Sukhani told CNBC-TV18, " Suzlon Energy and Escorts, both stocks are worth buying. This is not a time to buy anything. I have been upbeat on Suzlon once it broke out of a long base and I am suggesting that Suzlon is a buying opportunity. But when markets are falling there is absolutely no sense in going long. They just outperform, but they will also fall."

    Sterlite Industries:

    Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.

    Sukhani told CNBC-TV18, "The index is a short. Now what tomorrow brings is different. But we suggest carrying the short positions ideally as Nifty Puts and carry them for tomorrow. There are any numbers of opportunities; most of them are unfortunately on the short side. Sterlite is now ready for a sharp dip- that's a positional trade infact and Puts can be purchased for that."

    IDFC:

    Prabhudas Lilladher is bullish on IDFC  and has recommended accumulate rating on the stock with a target of Rs 180 in its February 1, 2013 research report.
     
    "IDFC reported in line Q3FY13 adjusted for principal gains. Disbursements have come off from high H1FY13 levels but loan growth remains at the upper end of management guidance (~22% YoY). Margin and asset quality performance continues to remain stable. We expect high margins to sustain in the near term and do not expect any large asset quality disappointment.

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    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: Wednesday, February 6, 2013, 9:06 [IST]
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