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Stock tips for March 5, 2013

Stock tips for March 5, 2013
MphasiS: Quotes, News
BSE 983.00BSE Quote15.1 (1.54%)
NSE 982.75NSE Quote17.9 (1.82%)
Maruti Suzuki India: Quotes, News
BSE 6250.00BSE Quote43.05 (0.69%)
NSE 6254.35NSE Quote45.8 (0.73%)
Here are a few stock ideas from leading brokerage houses in the country.



Sudarshan Sukhani, advises traders to sell NHPC on rally.

Sukhani told CNBC-TV18, "National Hydroelectric Power Corporation (NHPC) is a shorting opportunity. NHPC in the last two days gave away the gains of almost three months of rallies and it was moving up relentlessly. So a stock that suddenly turns around has a story that we do not understand and we cannot go and buy it. So it is a short sell. After such deep declines even tactically short selling is not easy. On Small rallies it would be a sell, not a buy."


SP Tulsian of advised exiting PTC India at around Rs 66-68 with a time horizon of about couple of months.

Tulsian told CNBC-TV18, "At one time PTC India used to enjoy very good position because of the lone player in the power trading business. But now seeing the erratic performance of the power generation company and good shortage if the commodity is in shortage the generators or the producers of the power will be reluctant to pay any kind of commission. And the company is deriving all their commission from the matching with the buyer and seller and that is the reason we have been seeing the fall in the margin in the absolute numbers. So, may be company will not be able to post an earnings per share (EPS) of more than Rs 6 on a consolidated basis."

Maruti Suzuki:

Prabhudas Lilladher is bullish on Maruti Suzuki India (MSIL) and has recommended buy rating on the stock with a target price of Rs 1715 in its February 28, 2013 research report.

"MSIL's stock has corrected ~17% in last 1 month mainly on account of technical reasons (stock being removed from the MSCI index) and demand moderating in the diesel segment. The correction, in our view, provides a buying opportunity to long-term investors. In our view, MSIL is the best play on recovery in the macroeconomic situation. Given the strong product portfolio of ‘Swift', ‘Dzire' and the success of ‘Ertiga', we maintain our long-term positive view on the stock and expect a strong recovery in FY15E (volume growth of 13.8%). We maintain MSIL as our top-pick in the Auto space with a TP of Rs1,715 based on 14.0x FY15 EPS (MSIL +SPIL) of Rs122. Due to a 26.7% potential upside from the current levels, we upgrade the stock to 'BUY' from 'Accumulate' earlier.



Prabhudas Lilladher is bullish on Mphasis and has recommended accumulate rating on the stock with a target price of Rs 420 in its February 28, 2013 research report.

"Mphasis reported its Q1FY13 results ahead of PLe, but touch below Consensus expectations. The disappointment was largely due to weakness in the HP channel. Pricing for ITO (Onsite) has declined again for the quarter, whereas others have been stable. We expect the performance to bottom-out in H1FY13 and likely uptick in H2FY13.

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: Tuesday, March 5, 2013, 9:28 [IST]
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