BIG BOSS VIKAS PSAMWATSAREBroking House: VIKAS P SAMWATSARE has suggested these stocks for mid-term picks.
Recommendation: Buy
Market Price: Rs 84
Target Price: Rs 107
Redington is an end-to-end SCM of IT and non-IT products company. It is expected to expand its business, both organically and in organically. The recent tie-ups with Apple and Dell are expected to push up the company's top-line.
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Apar Industries
Recommendation: Buy
Market Price: Rs 230
Target Price: Rs 354
The return to normal margins in the conductor business by FY12, post completion of lower-margin orders taken during the lean period, coupled with an improvement in volume, will drive profitability in the conductor's business. Better product mix will improve margin in the oil business. The high growth opportunity in the power sector will drive volume growth of Apar in all the three segments - conductor, oil & power cables.
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ING Vysya Bank
Recommendation: Buy
Market Price: Rs 333
Target Price: Rs 500
Growth in advances will continue to be ahead of the industry. Further improvement in asset quality and focus on CASA will help the bank protect its NIM margins and improve RoE. Currently, the bank is trading at a significant discount to its peers and is available at a fairly attractive 1.08x adjusted P/BV of FY12E.
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Ajanta Pharma
Recommendation: Buy
Market Price: Rs 225
Target Price: Rs 295
With its niche speciality focus, Ajanta Pharma has made a noteworthy presence in the emerging markets. Entry into the world's largest generic market, deeper penetration into domestic markets and additional of new therapeutic segments will spur Ajanta Pharma's groeth. To sustain the growth, the company has made substantial investments to increase its capacity and filed force. We expect APL's net revenuesto grow at at a CAGR of 16.7% during FY11-12 with bottom-line growing at a higher pace at 30.55 CAGR during the same period.
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Arvind
BreakoutRecommendation: Buy
Last Close: Rs 75
Target: Rs 83
Stop Loss: Rs 68
The stock has made a high in 38 months and closed at the highest level in 170 weeks, above all the major moving averages. The stock has made an inverted head & shoulder pattern in the weekly charts and the next level of Rs 93, which was the high made in 2007, would be a minor resistance.
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Petronet
BreakoutRecommendation: Buy
Last Close: Rs 133
Target: Rs 145
Stop Loss: Rs 125
The stock is trading near its all-time high of Rs 136, but on a closing basis, the stock has closed at its highest level in the daily and weekly charts. The stock trades above all the major moving averages, which is very positive for a breakout as the recovery in the stock is V-shape.
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UCO bank
BullishRecommendation: Buy
Last Close: Rs 120
Target: Rs 128
Stop Loss: Rs 115
The stock has closed at its 83-trading day high. It is looking to retrace 61.8% of the down-move from the high of Rs 152 to a low of Rs 91. The stock has formed a rounding-bottom formation and trades above the major 2000-day & 100-day moving averages
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DLF
BearishRecommendation: Sell
Last Close: Rs 245
Target: Rs 230
Stop Loss: Rs 254
The stock has started to correct after making a tower top around Rs 273 (Japanese candle formation). it trades below the major moving averages, which has a bearish implication. The stock has underperformed the realty index and closed below the 20-DMA of Rs 249 and 100 DMA of Rs 258.
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Polaris
WeaknessRecommendation: Sell
Last Close: Rs 204
Target: Rs 195
Stop Loss: Rs 210
The stock has made a double-top at Rs 213 and is showing some weakness. The near-term weakness can make the stock correct till its 20-DMA of Rs 191.
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VIKASPARSHURAM SAMWATSARE APRIL 2011 BIG BOSS
