Brokerage calls on 4 buzzing stocks ahead of F&O expiry

Brokerage calls on 4 buzzing stocks ahead of F&O expiry
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Brokerage calls on 4 buzzing stocks ahead of F&O expiry
  • 
	Infosys

	Brokerage: Citi

	Rating: Buy

	Target: Rs 2750

	Rationale: Post the correction, the stock is now trading at a 20-25% discount to TCS and Cognizant. Any early signs of pickup will be adequately rewarded, given extreme pessimism on the company.

    Infosys Brokerage: Citi Rating: Buy Target: Rs 2750 Rationale: Post the correction, the stock is now trading at a 20-25% discount to TCS and Cognizant. Any early signs of pickup will be adequately rewarded, given extreme pessimism on the company.

  • 
	Sterlite

	Brokerage: Macquarie

	Rating: Outperform

	Target: Rs 163

	Rationale: Fourth quarter earnings were 6% ahead of estimates operationally, though the bottom line was impacted by a provision for the Asarco deal at Rs 420 crore. They expect consensus to upgrade earnings by close to 30 % for FY13.

    Sterlite Brokerage: Macquarie Rating: Outperform Target: Rs 163 Rationale: Fourth quarter earnings were 6% ahead of estimates operationally, though the bottom line was impacted by a provision for the Asarco deal at Rs 420 crore. They expect consensus to upgrade earnings by close to 30 % for FY13.

  • 
	Indiabulls Real Estate

	Brokerage: Morgan Stanley

	Rating: Overweight

	Target: Rs 88

	Rationale: In view of the scaled-up visibility and inexpensive valuations. Results were above expectations and importantly, its performance is now stabilizing well. They have a target of Rs 88 on the stock.

    Indiabulls Real Estate Brokerage: Morgan Stanley Rating: Overweight Target: Rs 88 Rationale: In view of the scaled-up visibility and inexpensive valuations. Results were above expectations and importantly, its performance is now stabilizing well. They have a target of Rs 88 on the stock.

  • 
	India Cements

	Brokerage: Nomura

	Rating: Neutral

	Target: Rs 80

	Rationale: Both top and bottomline were disappointing due to lower-than-expected realizations, even though cement prices in south India moved up by Rs 10-20 per bag in the quarter.

    India Cements Brokerage: Nomura Rating: Neutral Target: Rs 80 Rationale: Both top and bottomline were disappointing due to lower-than-expected realizations, even though cement prices in south India moved up by Rs 10-20 per bag in the quarter.

  • 
	Infosys

	Brokerage: Citi

	Rating: Buy

	Target: Rs 2750

	Rationale: Post the correction, the stock is now trading at a 20-25% discount to TCS and Cognizant. Any early signs of pickup will be adequately rewarded, given extreme pessimism on the company.
  • 
	Sterlite

	Brokerage: Macquarie

	Rating: Outperform

	Target: Rs 163

	Rationale: Fourth quarter earnings were 6% ahead of estimates operationally, though the bottom line was impacted by a provision for the Asarco deal at Rs 420 crore. They expect consensus to upgrade earnings by close to 30 % for FY13.
  • 
	Indiabulls Real Estate

	Brokerage: Morgan Stanley

	Rating: Overweight

	Target: Rs 88

	Rationale: In view of the scaled-up visibility and inexpensive valuations. Results were above expectations and importantly, its performance is now stabilizing well. They have a target of Rs 88 on the stock.
  • 
	India Cements

	Brokerage: Nomura

	Rating: Neutral

	Target: Rs 80

	Rationale: Both top and bottomline were disappointing due to lower-than-expected realizations, even though cement prices in south India moved up by Rs 10-20 per bag in the quarter.

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