The following stocks have recommended for Mid Term Investment by Broking House Padmakshi Financial Services Bharat Forge Recommendation: Buy Market Price: Rs 360 Target Price: Rs 425 Robust growth in automotive volumes in the domestic markets coupled with an improved scenario in the overseas markets...

Top 10 long term stock recommendations for 2011 from Forbes comprise a set of 10 companies that will not only thrive in a high interest rate regime, but also find themselves the beneficiary of the strongest growth impulses in the economy. These are the themes that will drive the economy forward despite...

Tata Steel stands apart from its peers due to integration initiatives at its European operations and strong domestic performance. Fully-integrated Tata Steel is somewhat shielded from input price fluctuations. Its recent decision to sell Teesside Cast Product for $500 million will help in reducing its...

The country’s largest IT exporter has shown a sharp recovery in its business volumes in the past three quarters. Among the top IT pack, TCS has so far gained the most from the recovery in the global IT demand. The company reported a growth in single higher digits in the first half of the current fiscal....

PFC’s stock is trading at 2.5 times the book value. Its close peer, Rural Electrification Corporation trades at 2.6 times the book value. PFC’s correlation with the market is lower than 1, which reflects relatively lower risk. The company has a pipeline of Rs 1,63,666 crore of loan sanctions. This...

ITC is India’s largest cigarette company with a market share of 70% and 85% value share. Although taxes have risen steeply in the past, ITC has been able to grow its cigarette business, given that it enjoys pricing power due to a higher market share. It has diversified into FMCG , hotels, retailing,...

In the hotels sector, we believe Indian Hotels Company is an attractive investment for 2011. It is the only hotels company that would add close to 1,500 rooms across various segments such as upscale, mid-scale and economy. These additions would enhance the company’s topline in the first half of the...

The realty sector remained an underperformer in the stock market for the most part of 2010. But given the volume growth in the past two quarters, realty stocks may see an upside in the New Year. Housing Development & Infrastructure (HDIL) is expected to be a major beneficiary, given its relatively...

HCL Tech’s profit growth lagged behind its topline growth in the past few quarters on account of higher forex hedging losses and its bleeding business outsourcing (BPO) operations. The company has reduced its loss-making forex exposure to negligible levels. It has also chalked out a revival strategy...

GAIL (Gas Authority of India Ltd), India’s biggest natural gas transporter is likely to do well in 2011. The company is on a mega-expansion drive, which will triple its gross block and double the gas transporting capacity by 2013. At least a 43% addition to existing pipeline capacity is expected in...