PARSADAM STOCK MARKET PARK

• BIG BOSS

Check out the top picks of the day by , VIKAS PARSHURAM SAMWATSAREBusiness Head, PARSADAM STOCK MARKET PARK 

Fresenius Kabi

Recommendation: Buy

Breakout

Last Close: Rs 129.60

Target: Rs 138

Stop Loss: Rs 125

After a sharp rise of nearly 30% between 10 and 14 June, Fresenius Kabi digested the upmove over the next ten sessions and saw a decisive move northward in Wednesday's trade. The stock gained 3.4% with volumes twice the 5-day average volume.

VST Industries

Recommendation: Buy

Breakout

Last Close: Rs 985.75

Target: Rs 1060

Stop Loss: Rs 938

VST industries is in the bull run with the stock touching a new life-time high on Wednesday. The stock made a decisive move by gaining 4% on higher volumes of twice that of the 10-day average volumes. The target is Rs 1060.

Godrej Consumer

Recommendation: Buy

Breakout

Last Close: Rs 422.70

Target: Rs 440

Stop Loss: Rs 410

After touching its high recently, Godrej Consumer corrected nearly 10% in the next couple of sessions. This was followed by a range bound trade for four sessions, after which the stock made a decisive move in Wednesday's trade, gaining 2.4% with above average volumes.

Astral Poly

Recommendation: Buy

Breakout

Last Close: Rs 192.15

Target: Rs 207

Stop Loss: Rs 183

ASTRAL POLY touched its peak high of Rs 199.65 on June 17. After a brief correction and consolidation period, the upward journey is set to resume as indicated by Wednesday's move, wherein the stock gained 5% accompanied by volumes nearly twice the 10-day average volumes.

Ranbaxy

Recommendation: Buy

Breakout

Last Close: Rs 546.55

Target: Rs 576

Stop Loss: Rs 526

Ranbaxy decisively broke out of the trendline adjoining tops of May 31 and June 15 in Wednesday's trade. The stock, after slipping below the 200-day simple moving average for couple of days, regained the level and has successfully closed above the same.

IDFC

Recommendation: Buy

Market price: Rs 126

Target price: Rs 155

The management remains positive of the growth outlook and is confident of the strong guidance of doubling loan book between FY11-FY14. The pressure on NIMs is likely to ease as banks have been raising their lending rates.

Britannia

Recommendation: Buy

Market price: Rs 468

Target price: Rs 535

The company with its higher penetration levels in rural and urban markets and with its increased focus on niche products, which command high realisations are expected to drive the topline and bottomline growth, going forward.

Divi's Laboratories

Recommendation: Buy

Market price: Rs 782

Target price: Rs 1010

We have upgraded our EPS estimates for FY 12E by 22 % to Rs 39 and for FY 13E by 22.5% to 50.4 due to higher traction in Generics and Customs synthesis business and higher other income. We upgrade our price target by 21% based on 20x FY2013E.

ONGC

Recommendation: Buy

Market price: Rs 280

Target price: Rs 320

Significant discoveries in the high potential Cambay, KG basin and Mahanadi fields (still under appraisal) could further boost valuations. There appears to be limited downside from current levels. At CMP of .`280, the stock is attractively valued at 8.5x its FY13E EPS.

Bata India

Recommendation: Buy

Market price: Rs 585.55

Target price: Rs 670

Bata is restructuring its network by closing down unviable stores. It is developing a 260-acre land in Batanagar in a joint venture with Calcutta Metropolitan, which would further unlock value to its investors. The stock is currently trading at a 26.5x its FY'12E EPS.

COPYRIGHT VIKAS PARSHURAM SAMWATSARE JUNE 11