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Stock tips for August 12, 2013

 Stock tips for August 12, 2013
Markets are expected to open on a positive note tracking strong Asian cues. Here are a few recommendations from brokers and leading investment houses in the country.

Dr Reddy's Labs

Firstcall Research has a buy on Dr Reddy's Labs with a price target of Rs 2404 on the stock.

"At the current market price of Rs.2185.00, the stock P/E ratio is at 20.46 x FY14E and 18.50 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs 106.80 and Rs.118.08 respectively. We recommend ‘BUY' in this particular scrip with a target price of Rs.2404.00 for Medium to Long term

investment," the firm has stated in its research report.


Dolat Capital has a buy rating on MOIL.

"MOIL is currently trading at 1.7xFY14EV/EBITDA and 1.5xFY15EV/EBITDA. We reduce our target price per share to Rs 228 (3.0x FY15 EV/EBITDA) given the higher capital expenditure plans of the company and maintain our Accumulate rating on the stock given the cheap valuations," says Dolat Capital research report.

Paper Products

Aditya Birla Money has a buy rating on Paper Products.

"At CMP, the business is available at P/E ratio of 6.7x CY14E earnings and on P/BV of 0.9x CY14E book. We have valued equity investment in Webtech Labels Pvt Ltd at book value, implying value of Rs 6.2/share. We reiterate our BUY rating on the stock with a rolled over Aug14 price target of Rs 93.1/share," says Aditya Birla Money research report.

Read more about: dr reddys labs stock tips
Story first published: Monday, August 12, 2013, 8:53 [IST]
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