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April 30 stock tips: Hero Motocorp, Hexaware and more


April 30 stock tips: Hero Motocorp, Hexaware and more
Here are a few stock ideas from leading brokerage houses in the country.

Hero Motocorp:

Sudarshan Sukhani of recommended holding Hero Motocorp . According to him, one will be rewarded nicely if one holds for two years.


Sukhani told CNBC-TV18, "I would be upbeat on Hero Motocorp. If one already owns it, the stock has corrected 35 percent from its highs. It is a blue chip; a blue chip stock correcting 35 percent is enough. Now it is making a base."

Exide Industries:

SP Tulsian, advises to buy Exide Industries below Rs 130.

Tulsian told CNBC-TV18, "Exide Industries results have been good but the market has stopped taking the assurances or maybe the continuity of the similar kind of performance. Maybe apart from the subdued topline there is other income element also of about Rs 30 crore which market is deducting by about Rs 10-12 crore from the bottomline of Rs 146 crore having posted by the company."

Federal Bank:

Sudarshan Sukhani, advises to sell Federal Bank at current levels.

Sukhani told CNBC-TV18, "Banks are likely to be a selling opportunity because we have topped out. We have gone to a point where it is now on the verge of saying that the sector is overbought. So, I would be looking to sell Federal Bank, which is one of the weakest in the banking sector."


Sudarshan Sukhani of advised selling Hexaware . According to him, it has a disappointing chart.

Sukhani told CNBC-TV18, "I think the investor should get out, Hexaware is a disappointing chart. There was a sign that the bear market is over, but that has not come out. It has fallen again, broken down from a trading range, first it became half from Rs 140 to Rs 70 and then a small trading range. Whatever it does, it is not worth holding into."

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, April 30, 2013, 9:03 [IST]
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