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Stock tips for March 20, 2013


March 20 stock tips: ITC, United Spirits and more
Here are a few stock ideas from leading brokerage houses in the country.


Sudarshan Sukhani of advises traders to buy ITC on every dip.


Sukhani told CNBC-TV18, "ITC is likely to remain an outperformer but beyond that as the Niftyslides I don't see ITC actually going up, today was an exception but I would expect ITC to correct much less than the Nifty. It is certainly a buying opportunity on every dip."

Manappuram Finance:

SP Tulsian, advises investors to buy Manappuram Finance around Rs 26.

Tulsian told CNBC-TV18, "Manappuram Finance, Rs 250 crore under recovery is the profits or maybe the cash profits, which the company makes for six months because their performance has been falling in these last two quarters."


According to Rajesh Agarwal, Head of Research at Eastern Financiers, one can buy L&T with a target of Rs 1750 in next six months.

Agarwal told CNBC-TV18, "L&T is a hold. If somebody's fund allows it can be bought in days like today when we have the stock correcting by 2-3 percent. Because its order book is phenomenal and with the recent ban by World Bank for next six months on L&T for getting new orders, I don't think much negative would happen to the company. As of today no project that L&T has in its order book has been funded by World Bank so there is no point of any review."

United Spirits:

Rajesh Agarwal, Head of Research, Eastern Financiers Limited is of the view that one can holdUnited Spirits with a target of Rs 2350.

Agarwal told CNBC-TV18, "In the short-term, United Spirits would be very volatile because of newsflows regarding the Vijay Mallya group and takeover of Diageo. But, for a long-term, I think it is a hold with a price target of around Rs 2,350-2,400 for a time horizon of one year. If you look at the numbers, the numbers reported have been very strong and Q3 December that they have reported saw 71 percent jump in bottomline and deal with Diageo would be a very big positive for the company because of the expertise Diageo brings to the table."

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, March 20, 2013, 9:14 [IST]
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