For Quick Alerts
For Daily Alerts

    Stock tips for March 1, 2013

    Stock tips for March 1, 2013
    Oil And Natural Gas Corporation: Quotes, News
    BSE 151.85BSE Quote5.15 (-3.39%)
    NSE 151.85NSE Quote5.15 (-3.39%)
    Here are a few stock ideas from leading brokerage houses in the country.



    Firstcall Research is bullish on Oil and Natural Gas Corporation  (ONGC) and has recommended buy rating on the stock with a target price of Rs 358 in its February 26, 2013  research report.

    "Oil and Natural Gas Corporation engages in the exploration, development, production, and refining of oil and gas in India and internationally. ONGC has posted a net profit of Rs. 55627.20 million for the quarter ended December 31, 2012 as compared to Rs. 67414.10 million for the quarter ended December 31, 2011. Total Income has rose from Rs. 194753.00 million for the quarter ended December 31, 2011 to Rs. 223743.80 million for the quarter ended December 31, 2012

    Ranbaxy Laboratories:

    Emkay Global Financial Services has recommended hold rating on Ranbaxy Laboratories  with a target price of Rs 400, in its February 26, 2013 research report.

    Q4CY12 Results Revenues at Rs27bn (down 28% YoY), EBITDA at Rs 529mn (down 97%) & Net loss at Rs4.9bn. EBITDA margins were at 2% on back of 400bps impact due to contraction in gross margins and 600 bps due to increase in other expenses on back of consent decree related remedial expenses, restructuring expenses & increase in R&D exp. 

    Reliance Industries:

    Firstcall Research is bullish on Reliance Industries  (RIL) and has recommended buy rating on the stock with a target price of Rs 931 in its February 26, 2013  research report.

    "RIL is India's largest private sector company on all major financial parameters with a turnover of INR 3397920 millions. BP and RIL are planning to invest in a series of projects to develop around 4 trillion cubic feet of discovered natural gas resources from the KG D6 block. RIL and Petroleos de Venezuela, SA (PDVSA) signed a 15 year heavy crude oil supply contract. RIL has signed a $ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG.

    Tata Motors:


    FinQuest Securities is bullish on Tata Motors  and has recommended buy rating on the stock with a target price of Rs 362 in its February 27, 2013 research report.

    "Tata Motors, prior to Q3FY13 results JLR lowered its margin guidance which created a big sell off in Tata Motors Limited's (TML) stock. However, JLR margins at 14% weren't as bad as anticipated. On the contrary we should panic from the margins that standalone business reported in Q3FY13 which posted a loss of Rs 4.58bn.

    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, March 1, 2013, 9:18 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more