4 stocks that broking houses are betting on

Business

oi-Sunil

By Sunil Fernandes

Updated: Saturday, August 24, 2013, 11:31 [IST]

Here are 5 stocks that brokerage houses are betting on with a medium to long term perspective.

PTC India

Sushil Finance has set a price target of Rs 60 on PTC India.

"Considering the sound business model & long-term growth prospects, we maintain our positive view on the stock & recommend ‘BUY' with a revised price target of Rs.60 based on the SOTP methodology," the firm has stated.

REC

Sunidhi Securities has put a buy rating on REC with a price target of Rs 225.

"At the CMP of Rs 179 the share is trading at P/E of 3.8x and P/ABV of 0.9x on FY14E and a P/E of 3.2x and P/ABV of 0.8x on FY15E.We recommend BUY with a target price of Rs 225 in the medium-to-long term," says Sunidhi Securities research report.

IPCA Labs

Firstcall Research has put a buy call on IPCA Labs with a price target of Rs 706.

"Over FY2012-15E, we expect the company to post a CAGR of 16% and 14% in its top-line and bottom-line respectively. Hence, we recommend ‘BUY' for ‘IPCA ' with a target price of Rs. 706.00 on the stock.

LIC Housing

GEPL capital has recommended buying the stock of LIC Housing with a price target of Rs 194 on the stock.

"At CMP of Rs 162, the stock is trading at 0.98x FY15E book value per share which we believe is attractive given a strong ROA profile of 1.4% & ROE at 18.7%. We attach an exit P/BV multiple of 1.17x it's FY15E book value of 165.52 per share.

Based on our valuation we arrive at the target price of Rs 194 with a BUY rating and a potential upside of 20%," the firm has stated.

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