Houseviews: 3 stocks you can buy in this falling market

Houseviews: 3 stocks you can buy in this falling market
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Houseviews: 3 stocks you can buy in this falling market
  • 
	Jain Irrigation

	Brokerage: CLSA

	Rating: Buy

	Target: Rs 150

	Rationale: CLSA has a buy on Jain Irrigation with a target of Rs 150. They are encouraged by the Rs 220 crore sequential fall in debt. They like the management's strategy of prioritizing collections over growth and have upgraded earnings by 6-8% on lower tax rates. 

    Jain Irrigation Brokerage: CLSA Rating: Buy Target: Rs 150 Rationale: CLSA has a buy on Jain Irrigation with a target of Rs 150. They are encouraged by the Rs 220 crore sequential fall in debt. They like the management's strategy of prioritizing collections over growth and have upgraded earnings by 6-8% on lower tax rates. 

  • 
	Sintex

	Brokerage: RBS

	Target: Rs 85

	Rating: Buy

	Rationale: RBS has cut its price target on Sintex to Rs 85. It has reduced its FY13 EPS estimates by 18% after the poor fourth quarter performance. However, RBS believes lower valuations may support the stock. 

    Sintex Brokerage: RBS Target: Rs 85 Rating: Buy Rationale: RBS has cut its price target on Sintex to Rs 85. It has reduced its FY13 EPS estimates by 18% after the poor fourth quarter performance. However, RBS believes lower valuations may support the stock. 

  • 
	Dr Reddy’s

	Brokerage: JPMorgan

	Rating: Overweight

	Target: Rs 1980

	Rationale: JPMorgan has upgraded Dr Reddy’s to overweight with a target of Rs 1980. The upgrade is predicated on a recovery in domestic market share and a strong outlook for the PSAI portfolio. 

    Dr Reddy’s Brokerage: JPMorgan Rating: Overweight Target: Rs 1980 Rationale: JPMorgan has upgraded Dr Reddy’s to overweight with a target of Rs 1980. The upgrade is predicated on a recovery in domestic market share and a strong outlook for the PSAI portfolio. 

  • 
	NTPC

	Brokerage: Bank of America Merrill Lynch

	Rating: Underperform

	Target: Rs 143

	Rationale: The negative catalysts include a delay in capex, fuel shortages & rich valuations.

    NTPC Brokerage: Bank of America Merrill Lynch Rating: Underperform Target: Rs 143 Rationale: The negative catalysts include a delay in capex, fuel shortages & rich valuations.

  • 
	Jain Irrigation

	Brokerage: CLSA

	Rating: Buy

	Target: Rs 150

	Rationale: CLSA has a buy on Jain Irrigation with a target of Rs 150. They are encouraged by the Rs 220 crore sequential fall in debt. They like the management's strategy of prioritizing collections over growth and have upgraded earnings by 6-8% on lower tax rates. 
  • 
	Sintex

	Brokerage: RBS

	Target: Rs 85

	Rating: Buy

	Rationale: RBS has cut its price target on Sintex to Rs 85. It has reduced its FY13 EPS estimates by 18% after the poor fourth quarter performance. However, RBS believes lower valuations may support the stock. 
  • 
	Dr Reddy’s

	Brokerage: JPMorgan

	Rating: Overweight

	Target: Rs 1980

	Rationale: JPMorgan has upgraded Dr Reddy’s to overweight with a target of Rs 1980. The upgrade is predicated on a recovery in domestic market share and a strong outlook for the PSAI portfolio. 
  • 
	NTPC

	Brokerage: Bank of America Merrill Lynch

	Rating: Underperform

	Target: Rs 143

	Rationale: The negative catalysts include a delay in capex, fuel shortages & rich valuations.

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