For Quick Alerts
For Daily Alerts

Stock tips for August 7

 Stock tips for August 7
Markets are expected to open marginally higher after the carnage witnessed on Tuesday. Following are 2 stocks recommended by brokers that could be bought with a medium to long term perspective in mind.

Aegis Logistics


Sushil Finance is bullish on Aegis Logistics and has put a buy rating in the stock with a price target of Rs 205.

"We strongly believe that Aegis Logistics, India's leading oil, gas, and chemical logistics company, is likely to be in a sweet spot from FY14E due to spurt in volume from the high margin business - Liquid division post expansion and Retail Autogas and Commercial cylinder business due to - cap on subsidized cylinders and network expansion. Also, with the expiry of the options contract in Mar'13, the volatility in earnings is also likely to reduce considerably which is visible in Q1FY14 numbers," the firm has stated in its research report.

However, according to Sushil Finance revenue is likely to grow at a slower pace of 6% in FY14 as its wholesale low margin gas business is witnessing short term blip because of lower offtake from National Oil Companies.

"The stock currently trades at 4.7x and 3.1x its FY14E and FY15E EPS. We thus continue to maintain our positive outlook on the company with a BUY rating and a target price of Rs.205," the firm has stated.

Tata Elxsi

Firstcall Research has put a buy call on Tata Elxi with a price target of Rs 193.

"At the current market price of Rs.178.60, the stock P/E ratio is at 19.39 x FY14E and 16.46 x FY15E respectively.Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs.9.21 and Rs.10.85 respectively. We recommend ‘BUY' in this particular scrip with a target price of Rs.193.00 for medium to long term investment," the firm has stated.

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more