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.