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Stock tips for March 8, 2013

Stock tips for March 8, 2013
Infosys: Quotes, News
BSE 785.60BSE Quote7.55 (-0.96%)
NSE 785.40NSE Quote7.3 (-0.93%)
Tata Consultancy Services: Quotes, News
BSE 2076.95BSE Quote11.35 (0.55%)
NSE 2076.95NSE Quote11 (0.53%)
Here are a few stock ideas from leading brokerage houses in the country.



Phani Sekhar, Fund Manager of Angel Broking recommended buying more shares of HCL Tech if reaches closer to Rs 700 level.

Sekhar told CNBC-TV18, " HCL Tech is a company that has been winning market share and that's certainly good news with a lot of deals coming up for renegotiations in the next six months. It is in a very good sweet spot considering the fact that valuations are not very expensive. It has displayed an industry leading growth which is expected to continue for the next two years as well. So investor can very well hold on to HCL Tech and maybe on days of steeper decline, if stock reaches closer to Rs 700 level for whatever reason, investor can look at adding more."


Phani Sekhar, Fund Manager of Angel Broking recommended holding Infosys . He feels there is a lot of margin of safety in the stock.

Sekhar told CNBC-TV18, "There will be good going for Infosys in the future because we do expect the currency to remain weak which is the biggest tailwind. On top of that the kind of sequential improvement that they showed in Q3 is likely to sustain in Q4 and going forward as well. The commentary from the company is likely to be pretty positive towards the end of Q4 for FY14."'

Hindustan Unilever:

Sudarshan Sukhani, is of the view that one can buy Hindustan Unilever .

Sukhani told CNBC-TV18, "I would be a buyer in HUL, not now but I would not go and short in it. The whole idea of HUL and ITC is to wait for them to stop falling and that is the time when we can take some risk and go and buy them. These are buying opportunities not selling."



Parag Doctor, Head - Trading Strategies, Keynote Capital's Ltd is of the view that one should hold on Tata Consultancy Services. The stock can touch Rs 1625.

Doctor told CNBC-TV18, "Investor should hold on to Tata Consultancy Services , (TCS) right now. We have a target around Rs 1625 kind of levels for TCS. We have been bullish ever since it broke past around the Rs 1500 kind of mark and still there is no sign of any let up in the upside momentum. We had an initial target of Rs 1600 which is almost achieved and probably it can go to Rs 1625 or so before some kind of correction sets in. So investor should definitely hold on to TCS and he can add on 4-5 percent dips which come from time to time. It would be a good time to really add to TCS and it is a core IT holding in any portfolio and for long-term it is going to give at least 15-20 percent compounded returns. So one should hold on and add on every dip."

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, March 8, 2013, 9:09 [IST]
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