Houseviews: 4 stocks that you can trade before Christmas

Houseviews: 4 stocks that you can trade before Christmas
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Houseviews: 4 stocks that you can trade before Christmas
  • 
	Infosys
	
	Brokerage: Axis Capital
	
	Rating: Hold
	
	Target: Rs 2,400
	
	Rationale: The December quarter is likely to be muted due to lower new deals and delay in the decision making cycles for large deals. Margin will also be subdued due to the lower than expected revenue momentum and salary hikes.

    Infosys Brokerage: Axis Capital Rating: Hold Target: Rs 2,400 Rationale: The December quarter is likely to be muted due to lower new deals and delay in the decision making cycles for large deals. Margin will also be subdued due to the lower than expected revenue momentum and salary hikes.

  • 
	ITC
	
	Brokerage: Religare
	
	Rating: Hold
	
	Target: Rs 295
	
	Rationale: While the cigarettes and FMCG division, continues to grow steadily, the hotels division is likely to stay muted in the near term given weak macro conditions. The stock could remain range-bound ahead of the budget.

    ITC Brokerage: Religare Rating: Hold Target: Rs 295 Rationale: While the cigarettes and FMCG division, continues to grow steadily, the hotels division is likely to stay muted in the near term given weak macro conditions. The stock could remain range-bound ahead of the budget.

  • 
	MphasiS
	
	Brokerage: Goldman Sachs
	
	Rating: Neutral
	
	Target: Rs 380
	
	Rationale: Recent capital allocation moves partially remove concerns over efficient utilization of MphasiS's cash reserves but the core business continues to struggle with a consistent decline in hp channel revenues.

    MphasiS Brokerage: Goldman Sachs Rating: Neutral Target: Rs 380 Rationale: Recent capital allocation moves partially remove concerns over efficient utilization of MphasiS's cash reserves but the core business continues to struggle with a consistent decline in hp channel revenues.

  • 
	BHEL
	
	Brokerage: Goldman Sachs
	
	Rating: Sell
	
	Target: Rs 200
	
	Rationale: Equipment orders for the 12th five year plan have largely been placed and there is little upside for BHEL over the medium term.

    BHEL Brokerage: Goldman Sachs Rating: Sell Target: Rs 200 Rationale: Equipment orders for the 12th five year plan have largely been placed and there is little upside for BHEL over the medium term.

  • 
	Infosys
	
	Brokerage: Axis Capital
	
	Rating: Hold
	
	Target: Rs 2,400
	
	Rationale: The December quarter is likely to be muted due to lower new deals and delay in the decision making cycles for large deals. Margin will also be subdued due to the lower than expected revenue momentum and salary hikes.
  • 
	ITC
	
	Brokerage: Religare
	
	Rating: Hold
	
	Target: Rs 295
	
	Rationale: While the cigarettes and FMCG division, continues to grow steadily, the hotels division is likely to stay muted in the near term given weak macro conditions. The stock could remain range-bound ahead of the budget.
  • 
	MphasiS
	
	Brokerage: Goldman Sachs
	
	Rating: Neutral
	
	Target: Rs 380
	
	Rationale: Recent capital allocation moves partially remove concerns over efficient utilization of MphasiS's cash reserves but the core business continues to struggle with a consistent decline in hp channel revenues.
  • 
	BHEL
	
	Brokerage: Goldman Sachs
	
	Rating: Sell
	
	Target: Rs 200
	
	Rationale: Equipment orders for the 12th five year plan have largely been placed and there is little upside for BHEL over the medium term.

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