Stock ideas for March 26, 2013

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    March 26 stock tips: Tata Motors, Nestle India and more
    Here are a few stock ideas from leading brokerage houses in the country.

    Nestle India:

     

    Emkay Global Financial Services is bullish on Nestle India and has recommended accumulate rating on the stock with a target of Rs 5000 in its March 22, 2013 research report.

    Royalty rates on domestic sales increased from 3.5 percent to 4.5 percent over 5 years w.e.f January 1, 2014; staggered increase of 0.2 percent p.a. 

    Eicher Motors:

    Emkay Global Financial Services is bearish on Eicher Motors  and has recommended reduce rating on the stock with a target of Rs 2600 in its March 25, 2013 research report.

    Royal Enfield's new plant to help double capacity by CY14 and improve margins as the new plant is much more efficient
    Essar Oil: SP Tulsian of sptulsian.com advises traders to buy Essar Oil at current levels.

    Financial Technologies:

    SP Tulsian of sptulsian.com advises that one can buy Financial Technologies from 2-3 months perspective.

    Tulsian told CNBC-TV18, "I have been keeping a stance for last one week that in my view both the stocks have bottomed out - Financial Technologies as well as MCX India . In fact I have been keeping a positive stance on that and being giving a buy call and all that. I don't see any problem. 

    Tata Motors:

    Sudarshan Sukhani, s2analytics.com advises that one can sell Tata Motors .

    Sukhani told CNBC-TV18, "The two stocks that should be looked for a buying opportunity are stocks I repeated just a little while earlier Oil and Natural Gas Corporation (ONGC) and Reliance and the stock that we should be looking to go short in is Tata Motors."

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    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 26, 2013, 9:15 [IST]
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