Emkay recommends 6 stocks to buy post Q4 results

Emkay Global Financial Services has come out with its report on stocks like GIPCL, IRB Infra, JK Tyre, IPCA Labs and Madras Cements.

GIPCL: GIPCL is likely to earn a sustainable core ROE of 17% including Surat-II. At CMP of Rs86/share, the stock is trading at 8xFY13E earnings and 0.8x FY13E Book Value - which we believe is reasonable considering the reported ROE of 11% in FY13E (due to cash and CWIP). Given (1) stabilization of Surat II and (2) underperformance of the stock, we upgrade the stock to

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