For Quick Alerts
For Daily Alerts

Stock tips for March 18, 2013


 Stock tips for March 18, 2013
Here are a few stock tips from renowned broking firms for March 18, 2013.

Alicon Castalloy

Sunidhi Securities has recommended buying the stock of Alicon Castalloy (ACL) with a target price of Rs 80 in its March 15, 2013 research report.


"A huge proposed investment in the infrastructure like roads, railway and power generation will have multiple effects over other the growth of other industries. This increase will translate into increased demand for castings. Leveraging ACL's experience and technology, it will be able to offer wide range of industrial castings.
Due to technical expertise from Enkei, Japan, ACL currently leads the Indian market in manufacturing cylinder heads for two wheelers and 4 wheelers. It has the distinction of being a single source supplier of many critical engine parts to some of India's largest OEM," Sunidhi has stated in its research report.

" Currently, ACL is entering into an exciting phase of scaling up business activities in both domestic and international markets. It is therefore, stand committed to introduce and offer new products and services all across valued customer chain, utilizing the best technology and infrastructure.

At the CMP of 61, the share is trading at a P/E of 4.1x on FY13E & 3.8x on FY14E. We recommend BUY with a target price of 80 in the medium-to-long term," the firm's research report states.


Broking firm Prabhudas Lilladher has recommended buying Infosys with a target price of Rs 3,175 in its March 14, 2013 research report.

"Infosys' management reiterated its commentary for Q4FY13. Infosys will have a negative impact of ~30-50bps due to the cross-currency movement. For the quarter, the company is seeing good growth in Hi-Tech and Retail, whereas Telecom continues to be challenged. Barring Insurance, BFSI is likely to be muted. However, the commentary indicated confidence in achieving guidance of 4.1% for Q4FY14.
The deal pipeline has improved (increased RFP pipeline). The deals are largely IMS-led, but Infosys is still reluctant to do more of asset-heavy deals. The company has partnered to bid for IMS contracts with lesser strain on the balance sheet. In BFSI, deals are largely led by IMS, where clients are looking to improve their balance sheets. However, the structure of deal remains complicated for IMS. The management was confident of winning mid-to-high single-digit large deals in a quarter," Prabhudas Lilladhar has stated.

Read more about: stock tips
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X