Mid Term Stock Picks - Feb 07, 2012
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Mid Term Picks on
Feb 6th, 2012 |
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Shown below are the stocks suggested for Mid-Term by Broking House Angel Broking.
Infosys Ltd
- Recommendation: Buy
- Market price: Rs 2776
- Target price: Rs 3225
- Most profitable amongst frontline Indian IT cos. Key positives in Q3 are a 0.8% increase in revenue productivity in constant currency, five large deal wins.
Sintex Industries Ltd
- Recommendation: Buy
- Market price: Rs 100
- Target price: Rs 112
- The long-term growth story is intact with government’s spending on low-cost housing and social infrastructure. Continuous innovations to drive next phase of growth.
ICICI Bank Ltd
- Recommendation: Buy
- Market price: Rs 928
- Target price: Rs 1100
- After a period of consolidation over the past two years, focus has shifted to loan growth with corporate and secured retail loans being key drivers.
ITC Ltd
- Recommendation: Buy
- Market price: Rs 203
- Target price: Rs 230
- We are positive on long-term demand growth in cigarette business due to rising affordability. Non-cigarette businesses can fund their own growth.
Hero MotoCorp Ltd
- Recommendation: Buy
- Market price: Rs 1961
- Target price: Rs 2253
- Leader in domestic market. Volume growth to remain stable, driven by recovery in urban markets and increasing penetration of its product in rural markets.
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