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April 3 stock tips: IVRCL, Union Bank of India and more
Markets opened the day flat in line with most Asian markets which were trading in a narrow range. Here are a few stock ideas from leading brokerage houses in the country.
IVRCL
Phani Sekhar, Fund Manager, Angel Broking is of the view that long term investor can holdIVRCL but from a medium term perspective that is six months to one year, I don't see much hope in this business
Larsen and Toubro
Sudarshan Sukhani of s2analytics.com advises to buy Larsen and Toubro (L&T) at current levels.
Sukhani told CNBC-TV18, "I would be a buyer in L&T but I would avoid all the midcap capital good stocks and infrastructure stocks because the context is not still available for buying."
Cairn India
Emkay Global Financial Services is bullish on Cairn India and has recommended buy rating on the stock with a target of Rs 397 in its April 1, 2013 research report.
"Recent correction in stock price provides a good entry point considering Cairn India's strong fundamentals (i.e. strong production growth visibility and higher FCF generation) and attractive valuations
Larsen and Toubro
Nitin Jain of Edelweiss Securities is of the view that one can hold Larsen and Toubro.
Jain told CNBC-TV18, " Larsen & Turbo (L&T) has been the only stocks in the infrastructure space that has been holding up and we don't seen any change in that trend, so if you have to hold any stock in that space L&T is the one to pick."
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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.
