Buy Titan & Ultratech; RComm looks expensive: Brokerages
Here are the four stocks brokerages recommend trading on, namely Titan, Glenmark, Ultratech and Rel Comm.
July 09, 2013 / 11:53 IST
Here are the four stocks brokerages recommend trading on, namely Titan, Glenmark, Ultratech and Rel Comm.
Titan
Brokerage: Goldman SachsRating: Buy Target: Rs 278Rationale: 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: MacquarieRating: OutperformTarget: Rs 770Rationale: 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 tradeUltratech
Brokerage: Deutsche BankRating: Buy Target: Rs 2000Rationale: Ultratech is their preferred large cap sector pick given its strong balance sheet, timely capacity adds and low cost of operations.
Rel Comm
Brokerage: IIFLRating: ReduceTarget: Rs 120Rationale: 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. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
