Buy Titan & Ultratech; RComm looks expensive: Brokerages

Here are the four stocks brokerages recommend trading on, namely Titan, Glenmark, Ultratech and Rel Comm.

Titan
Brokerage: Goldman Sachs

Rating: Buy

Target: Rs 278

Rationale: The company is sufficiently capitalized to purchase gold outright without needing too much leverage. Also, its policy of hedging gold fully protects it from sharp gold price movements.

Glenmark
Brokerage: Macquarie

Rating: Outperform

Target: Rs 770

Rationale: Key catalysts for the stock include niche approval in the US and new chemical entity data points in FY14.

Also read: 6 stock ideas to liven up your trade

Ultratech
Brokerage: Deutsche Bank

Rating: Buy

Target: Rs 2000

Rationale: Ultratech is their preferred large cap sector pick given its strong balance sheet, timely capacity adds and low cost of operations.
 
Rel Comm
Brokerage: IIFL

Rating: Reduce

Target: Rs 120

Rationale: The success of the IPO of the spun-off real estate entity will be critical to realisations and following the strong rally, the stock looks expensive.