Stocks that brokers are betting on during volatile times

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Stocks that brokers are betting on during volatile times
Glenmark Pharmaceuticals: Quotes, News
BSE 611.00BSE Quote9.05 (1.48%)
NSE 610.90NSE Quote8.5 (1.39%)
Astral Poly Technik: Quotes, News
BSE 665.00BSE Quote5.55 (0.83%)
NSE 660.30NSE Quote1.85 (0.28%)
It's going to be a volatile week for the stock market with the Federal Reserve deciding on its tapering off action, which is followed by the RBI's credit policy. Here are few stocks picks from brokers during these volatile times.

Tech Mahindra

Angel Broking is bullish on Tech Mahindra and has recommended the stock with a buy target of Rs 1531.

"Tech Mahindra remains confident of improving revenue growth citing healthy deal pipeline along with pick up in discretionary spending, primarily in the US. Modest demand in the telecom vertical (non-BT business), improved diversification post merger with Satyam with increase in deal win ratio and focus on products and platforms bode well for the company. Further given significant currency tailwinds akin to peers, Tech Mahindra remains confident of maintaining margins at current levels. We expect a CAGR of 11% and 17% in USD and INR revenue over FY2013-15E. We reiterate our Buy rating on TechM with a target price of Rs 1,531," a research report from Angel Broking states.

Glenmark Pharma

Motilal Oswal has put a buy rating on Glenmark Pharma.

"We expect GNP to gradually reduce its net debt over FY14-15, resulting in debt-equity improving from 1x in FY13 to 0.7x by FY15. Return ratios will gradually improve over the next two years, with RoCE increasing from 16% in FY13 to 20% in FY15 and RoE increasing from 18% to 21%. GNP has differentiated itself among Indian companies through its significant success in NCE research (resulting in licensing income of USD205m till date). Maintain Buy with a target price of INR633," Motilal Oswal has stated in its research report.

Astra Poly

Firstcall Research has put a buy call on Astra Poly. "

'We expect that the company surplus scenario is likely to continue, will keep its growth story in the coming quarters also. We recommend ‘BUY' in this particular scrip with a target price of Rs 245 for Medium to Long term investment. At the current market price of Rs 227, the stock P/E ratio is at 17.94 x FY14E and 15.07 x FY15E respectively," the firm has stated in its research report.

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Story first published: Saturday, September 14, 2013, 15:12 [IST]
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