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May 21 stock picks: Maruti Suzuki, Titan Industries and more

Stock ideas for May 21, 2013
Here are a few stock ideas from leading brokerage houses in the country.

Maruti Suzuki

Rakesh Arora of Macquarie told CNBC-TV18, "Autos are clearly the pick on interest rates. But the stocks have already run up quite a bit and we really like only the four wheelers. So Marutiand Tata Motors are the two stocks that we are pushing from autos. Rest of the valuations does not really give us comfort to push a buy call at this juncture."

Titan Industries

Kunal Bothra, Sr Technical Analyst of LKP told CNBC-TV18, "I am selling Titan Industries . Even in the last week I gave a sell on this scrip as well with a target of Rs 273. Now the stock is struggling and it has already met the first target of Rs 273, I have chosen to extend by target to Rs 263 levels on Titan. The chart is short-term downtrend and my sense is 200 day moving average could be a very crucial level for the stock where it can take support. So from a couple of days perspective even if you look at the market cool off over here I think Titan should be a very good contender for going short."

ING Vysya Bank

SP Tulsian of sptulsian.com told CNBC-TV18, "If you see FY13 earnings per share (EPS) ofING Vysya Bank at Rs 40, that is quite comforting and even the price to book is sub 2 timex, that also makes the stock quite attractive. But apart from that the management has decided to issue 3 crore shares for about Rs 2000 crore. So, that gives a per share valuation of about Rs 650-660. And any kind of these equity issues by banks are always seen very positive and more specially the private sector banking because that much fund infusion which comes with the interest free or without any obligations will obviously be increasing their results going forward topline, bottomline, the NIM and everything."

Sintex Industries

SP Tulsian of sptulsian.com told CNBC-TV18, "I will advice investor to remain invested in Sintex. If you really take the future, (for long term investor) this is the most ideal stock for you which is capable to give a return of maybe 25 percent plus every year for next two-three years. If you really see problems, they have all been left behind their overseas unit, have started doing well, they have been able to tide over their FCCB liability by mix of preferential issue, fresh raising."

GoodReturns.in

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.

Story first published: Tuesday, May 21, 2013, 9:31 [IST]
Read more about: stock picks

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