Indian Stock Picks : Top Analysts recommendations

Here are some of the recommendations from analysts in recent weeks

ONGC
Research: Citigroup
Target price: Rs 910

Citigroup has rated ONGC a 'sell', with a price target of Rs 910, citing lower crude prices and lack of clarity on fuel subsidy burden. "Weak to moderate crude prices have started hurting ONGC, despite lower subsidy sharing, as realisations on JV (joint venture) and international crude suffer," the foreign brokerage said in a report.

My take: I always prefer trading in ONGC, it has support around 990 so I would be buying at this level if markets are not in a panic mode

Aban Offshore
Research: Macquarie
Target price: Rs 605

Macquarie has raised its price target on Aban to Rs 605 from Rs 315 while reiterating its 'underperform' rating after the company's net profit beat estimates, despite falling. The hike in price target is in the wake of the company's plans to raise capital through share issue.

GMR Infrastructure
Research: Enam
Target price: Rs 171

Enam Securities has maintained its 'outperformer' rating on GMR Infrastructure, relative to the sector, with a price target of Rs 171, post its June quarter earnings.

Unitech
Research: ICICI
Target price: Rs 73

ICICI Securities has downgraded its rating on Unitech to a 'sell' from hold, with a price target of Rs 73, citing expensive valuations.

Genus Power
Reasearch: Sharekhan
Target Price: 338

In its results update note, Sharekhan has maintained ‘Buy’ recommendation on Genus Power with a price target of Rs 338 which is an upside of over 90 per cent from its current market price.

Voltamp Transformers
Reasearch: Religare
Target Price: 884

Religare Securities has maintained ‘Buy’ recommendation on Voltamp Transformers with an upgraded price target of Rs 884.

Kalpataru Power
Reasearch: Kotak Securities
Target Price: 865

Kotak Securities has initiated coverage on Kalpataru Power and Transmission with a price target of Rs 865, which is around 20 per cent upside from current market price of Rs 715.

rk

Analysts and Brokerages Views and analysis round up - 15 Apr 2008

R Sukumar of Franklin Templeton said the markets will see more declines than advances. "Another 10% downside cannot be ruled out from current levels. News flows will remain negative from a fundamental perspective."

Sukumar expects earnings to grow in 15-20% band instead of 30% earlier. "Forex derivatives losses will also impact profitability."

Nitin Rao, Executive VP, HDFC Bank recommends people to start looking at fundamentals more closely. “We strongly believe that the fundamental valuation levels for the market would point to a forward P/E range of 17 and we strongly believe that these levels offer attractive investment opportunities for investors over a one-year period at least” he says.

SN Rajesh, Director of UTI Ventures says that while picking up companies, they look at the execution capabilities because growth capital and a lot of success comes from their execution capability and the ability to build big.

Rajen Shah of Angel Broking said Infosys’ numbers would be very much in line with its guidance. "The new guidance for FY09 could probably be lower than what the market estimates because they will factor in maybe a rupee appreciation. In order to control inflation, we could probably see the government letting the rupee appreciate."

rk
http://yourmitra.wordpress.com

3 Apr 2008 - India Stock Market Analysis, Recommendations and Analysts Picks

Some quotes, tips and recommendations from brokerages and analysts

Expect Q4 earnings to disappoint: Religare Sec

Mkts may not touch 18k soon: Aletheia SG Cap

Eye financial sector at the moment: Anagram

Broking House Company Action Date Price

Karvy JSW Steel Market Performer Apr 02, 08 878.00
HEM Securities ABG Shipyard Buy Apr 02, 08 870.00
Emkay Research Sunil Hitech Enginee Buy Apr 02, 08 280.00
Karvy Sun Pharma. Market Performer Apr 01, 08 1,410.00
Emkay Research Vakrangee Soft Buy Apr 01, 08 304.00

RK

Indian Stock Market News, Analysts Picks, Views, Tips and Recommendations - 25 March 2008

Wall Street ended high last night and the Asian bourses are following it as usual. So we can expect a better day on NSE and BSE.

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Daily round-up of the Indian Stock Market News, Analysts Picks, Views, Tips and Recommendations:
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Wall St rallies on revamped Bear offer, home sales
http://economictimes.indiatimes.com/Market_News/Wall_St_rallies_on_revamped_Bear_offer/articleshow/2896735.cms

US stocks jumped on Monday after a raised buyout offer for Bear Stearns Cos Inc suggested that financial stocks may have reached bottom, especially in light of fresh data that fueled hopes for a turnaround in housing. Stocks rang up big gains for a second straight session after JPMorgan Chase & Co lifted its offer for Bear Stearns to $10 a share from $2, helping alleviate concerns that other investment banking shares could tumble.

Sensex ends up 294pts; HDFC surges 8%
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34872

The Sensex opened with a positive gap of 99 points at 15,094. The index touched a high of 15,349, and a low of 15,056. Fresh buying towards the close helped the index end on a firm note at 15,289 - up 294 points.

The BSE Mid-cap index shed 2.7% (158 points) at 5,806, and the Small-cap index dropped 3.8% (272 points) to 6,950. The BSE Bankex rallied 3.3% (249 points) to 7,744. The NSE Nifty gained 36 points to finish at 4,610. The market breadth was extremely negative - out of 2,717 stocks traded, 2,149 declined, 535 advanced and 33 were unchanged today.

IIP nos key to mkts trading forward: Religare Sec
http://moneycontrol.com/india/news/market-outlook/iip-nos-key-to-mkts-trading-forward-religare-sec/07/40/331258

Global cues to drive mkts in near-term: Pranav Sec
http://moneycontrol.com/india/news/market-outlook/global-cues-to-drive-mktsnear-term-pranav-sec/07/40/331248

Mkts look weak and lack confidence: Rada Advisors
http://moneycontrol.com/india/news/market-outlook/mkts-look-weaklack-confidence-rada-advisors/07/40/331241

Mkts could see more pain: Dawnay Day AV Fin Srvcs
http://moneycontrol.com/india/news/market-outlook/mkts-could-see-more-pain-dawnay-day-av-fin-srvcs/07/40/331196

Realty collapses; Ansal Infra, Parsvnath worst hit
http://moneycontrol.com/india/news/market-edge/realty-collapses-ansal-infra-parsvnath-worst-hit/07/40/331214

Recently listed realty IPOs slip below issue price
http://moneycontrol.com/india/news/ipo-new-listings/recently-listed-realty-ipos-slip-below-issue-price/07/40/331220

Promoters see buyback opportunity in troubled times
http://economictimes.indiatimes.com/Promoters_see_buyback_opportunity/articleshow/2896758.cms

Gujarat Fluorochemicals on Monday said it will buy back up to 10%

Great Offshore and Prithvi Information have called board meetings to consider buyback proposals

Goldiam International, Patni Computers and Madras Cements have already announced their buyback plans

The Reliance Energy board approved a buyback plan involving Rs 800 crore (in the first phase) early this month

Margin financing fall may hit broking cos’ Q4 show
http://economictimes.indiatimes.com/Margin_financing_fall_may_hit_broking_cos_Q4_show/articleshow/2896767.cms

Broking fees of most firms have already plummeted in tandem with the shrinking turnover on the bourses in the past couple of months. With income from margin financing too drying up, the fourth quarter may take the shine off what otherwise has been a stellar year for most stock broking firms.

Gold, silver skid as Street sparkles

Gold’s downward journey extended for another day as stockists continued to offload stocks in the absence of any triggers. On Monday, the price of yellow metal fell briefly below Rs 12k-level in Mumbai before closing at Rs 12,005 per 10 gm. The metal had touched a historic high on March 17 when the prices reached at Rs 13,495 per 10 gm.

FIIs net buy Rs 376cr, DIIs net sell Rs 253cr

Foreign institutional investors (FIIs) were net buyers of Rs 376.13 crore (provisional) today, according to data released by BSE. While FIIs made gross purchases of Rs 2,884.39 crore, gross sales totalled Rs 2,508.26 crore.

RK
Singapore Rentals, Real Estate, Social Network

Indian Stock Market News, Views, Tips and Recommendations - 24 March 2008

Regular daily round up of the Indian Stock Market News, Analysts Views, Tips and Recommendations:-

Stocks to pick: ABB, Neyveli Lignite, Unitech, Opto Circuits, Ceat
http://economictimes.indiatimes.com/articleshow/2892778.cms

ABB
Research: Merrill Lynch
Rating: Buy
CMP: Rs 1,103

Neyveli Lignite
Research: Indiabulls Financials
Rating: Hold
CMP: Rs 110

Unitech
Research: CLSA
Rating: Outperform
CMP: Rs 267

Opto Circuits India
Research: Networth Stock Broking
Rating: Buy
CMP: Rs 326

Ceat
Research: Edelweiss
Rating: Buy
CMP: Rs 97

Stock Picks
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34849

Airtel
Current price: Rs 777.75
Target price: Rs 800

Cipla
Current price: Rs 206
Target price: Rs 225

Praj Industries
Current price: Rs 111
Target price: Rs 101

Reliance Petroleum
Current price: Rs 151
Target price: Rs 140

Tata Motors
Current price: Rs 650.50
Target price: Rs 675

Don't drive away blue-chips stocks
The stock market has shed an unthinkable one-third of its value from its peak in January. At such a time, retail investors need expert advice more than ever before.

However, experts always try to bring the real economy into the picture, as they believe the market will catch up with the former sooner or later. However, there’s another school of thought that believes the stock market has a mind of its own and doesn’t follow the trend in the real economy. By real economy, we mean corporate earnings.

This confounds retail investors who can’t figure out whom to follow. However, we at ETIG believe that long-term investment in equities is not a catch-22 situation. It can be as simple as sticking to bluechip stocks, i.e. companies which are market leaders and have a long track record of consistent revenue and profit growth.
Go to http://economictimes.indiatimes.com/articleshow/2892800.cms to read the whole article

Indicators pointing towards market stability

The stock market appears to have neared its bottom and further downside looks limited. Though the situation remains volatile, most of the current indicators are pointing towards stability. The long-term outlook appears clouded, but with a positive undertone. India Inc’s Q4 results will give a clear picture as to what lies ahead...

Go to http://economictimes.indiatimes.com/articleshow/2892802.cms to read the whole article

Brokers to give daily margin info to clients

Stock broking firms will have to notify clients about their (the client’s) daily margin positions from April 1, according to a Securities and Exchange Board of India (Sebi) directive. The move follows a spate of complaints from investors that brokers have been liquidating their positions citing insufficient margins, even though their margin accounts had enough funds

Brokers wil need to disclose this daily

Client code and name, trade day (T)
Total margin deposit up to day T-1 (including break-up in cash, fixed deposit, bank guarantee and securities)
Margin utilised up to the end of day T-1
Margin deposit on day T (including the break-up information)
Margin adjustments for day T
Margin status (balance with the member/due from the client) at the end of day.

More at http://economictimes.indiatimes.com/Brokers_to_give_daily_margin_info_to_clients/articleshow/2892889.cms

Year-end blues: Banks rush to sell bad loans
http://economictimes.indiatimes.com/News_by_Industry/Year-end_blues_Banks_rush_to_sell_bad_loans/articleshow/2892708.cms

With the fiscal year coming to an end, several banks are looking to sell their bad loan portfolio to strengthen their balance sheets. Market sources said while some banks are entering into one-to-one deals, others are considering an auction of stressed assets. Banks planning an auction include State Bank of India (SBI), Allahabad Bank (AllBank) and UCO Bank.

While SBI and AllBank are keen to sell Rs 200 crore of stressed assets, UCO Bank wants to dispose loans with face value of Rs 260 crore. All three auctions are set to take place before the end of this year. Kolkata-based Industrial Investment Bank of India (IIBI), on the other hand, plans to sell off its assets, both performing (Rs 870 crore) and non-performing (Rs 200 crore), in April.

Rising risk aversion to keep markets on edge
http://economictimes.indiatimes.com/Market_News/Risk_aversion_to_keep_mkt_on_edge/articleshow/2892704.cms

The better-than-estimated quarterly earnings of some top US investment banks last week may have slightly eased fears and given a fillip to the US markets on Friday. Yet investor sentiment remains nervous. Analysts maintain that overseas investors are likely to book profits on every rebound here on, due to rise in ‘risk-aversion’ to shares of emerging markets, including India.

Traders are unlikely to take lightly the news of Monsoon Capital, a $1.2-billion hedge fund, faring badly, as a result of the meltdown in Indian equities in the past couple of months. While Monsoon’s exposure to Indian equities may not be as significant as compared to other major funds, there are concerns that the news may trigger more redemptions from hedge funds with higher exposure to India. One of Monsoon’s funds has dropped roughly 45% since January

Nifty may see more volatile trading sessions
http://economictimes.indiatimes.com/Market_News/Nifty_may_see_more_volatile_trading/articleshow/2892743.cms

The Nifty is making higher bottom and lower top formation so far. Any breach of its previous low at 4,448 will extend the cyclical bear market further. Any breach of 4,002 will change the cyclical bear market into structural bear market. Since March 3, the Nifty is facing strong resistance with 5- & 10-day simple moving averages (SMA). Any decisive closing above these levels will be the first indication of a short-term uptrend.


Week Ahead: Waiting for global triggers
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34849

Outlook: By breaking support at 4,600, the market signalled that it could drop quite a bit more. The 4,500 support held and upside resistance was visible at 4,750. Next week will see a lot of daily volatility and the index may swing between 4,500-4,800. Breakouts will depend on global triggers.

Rationale: As this is being written on March 20, there are two extra sessions in the US where the impact of the latest Fed cut may cause a revival. Plus the local futures and options (F&O) settlement will guarantee daily volatility – expect at least one Nifty 200-point session.

Counter-view: The derivatives position suggests that there will be a modicum of short-covering and also a sharp increase in volumes as traders try to pack in carryover within three sessions.

Bulls & bears: Every sector has lost ground in the past week and in some senses, every sector is oversold. Financial stocks, metals and real-estate counters were among the biggest losers while pharmaceuticals, select FMCGs and some information technology (IT) stocks held more defensive ground.

Sensex at 19K by year-end: Brokers

http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34850 A majority of brokerages expect the bellwether Sensex to hover at 19,000 by the end of this calendar year, according to a poll conducted by Business Standard among top local brokerage houses.

The figure is significantly lower than last December when most brokerages had expected a 15 to 20 per cent return from 20,000 levels at the end of 2007. The Sensex has dropped over 25 per cent from its January peak of 20,800.

Of a sample of 20 brokerages, 60 per cent feel some pain is left in real estate and half feel capital goods may underperform over the next couple of quarters.

Tech View: Relief rally in the offing
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34838

The Nifty almost revisited its January lows of 4,450 before bouncing back a wee bit. The index slumped to a low of 4,469, recovered to a high of 4,718 and eventually ended with a loss of 172 points at 4,574.

The index broke its yearly S3 (support 3) level of 4,500 on an intra-day basis twice in the week, but somehow managed to close above it. Going by the current trend, the chances of the index testing lower levels of 4,100 and 3,500 remain high.

The charts are indicating an oversold zone. Hence, a significant pullback cannot be ruled out. However, the rally would just be a relief rally and the markets may drop again.

The significant indicator is the Stochastic Slow, which is in a highly oversold zone. The per cent D value is 9 and the per cent K is at 7.4. There will be a buy confirmation once the per cent K crosses the per cent D level.

RK

Analysts Picks:- Indian Stock Markets

Some of the Analysts picks that appeared on EconomicTimes. Please always do your own research before investing. I think even if the analysts are right the investor needs to decide if he has the right frame of mind to handle the current market fluctuations.

Indiabulls
Hindustan Unilever
CMP: Rs 226.20
Target Price: Rs 255

Macquarie
Idea Cellular
CMP: Rs 96.55
Target Price: Rs 140

Prabhudas Lilladher
Jaiprakash Asso
CMP: Rs 236.25
Target Price: Rs 325

Edelweiss
Orbit Corporation
CMP: Rs 490.45
Target Price: NA

Anand Rathi
V Guard Industries
CMP: Rs 69.05
Target Price: RS 116

RK
http://yourmitra.wordpress.com