Your stocks: Investment ideas by market experts

Watch the interview of Mayuresh Joshi of Angel Broking and Nooresh Merani of Asian Market Securities with Surabhi Upadhyay and Nigel D'Souza on CNBC-TV18, in which they shared their readings and outlook on specific stocks and sectors. Nooresh Merani of Asian Market SecuritiesSuzlon Energy told CNBC-TV18, "In Suzlon Energy we had a bunch of supports around Rs 18 odd levels which were broken in the last few months and post that the downtrend has continued and has not even seen enough of a bounce back even on recovery in Nifty in the last few sessions, so we see an exit even on a trading point of view and even as an investment. We can only look back into the company on a technical basis once it starts trading above Rs 18-20 levels. So I would suggest an exit even at current levels where the losses are minimal and there could be better alternative opportunities.Motherson Sumi Technically when we look at Motherson Sumi now after the big fall in the last few months now it will be forming a new range closer to Rs 220-230 on the lower side. On the higher side Rs 270-290, so I would suggest an exit whenever the stock goes to Rs 270-290 in the short-term or even in the medium-term. It would be our view hold at current levels and view at Rs 270-290 to exit.Reliance Infra Technically, Reliance Infrastructure would be a hold because it has seen a strong recovery in the last few days and what we see is on the higher side, it can go up to Rs 550. So, if one has to conservatively hand on to the stock, one can keep a stoploss closer to Rs 470 and hold on to this.United Spirits If I look at the chart of United Spirits, it has a bunch of bottoms around Rs 2,200-2,250, so it is a hold at current levels. As of now we do not see a trend change on the upside and on the shorter term as well, so I would suggest to hold on to the stock and keep a stop loss at Rs 2,150 on closing basis and review the stock after few months. So as of now there is no great trend in the stock. Mayuresh Joshi of Angel BrokingMotherson SumiWhat has happened with Motherson Sumi since the Volkswagen saga, I think the stock price has got corrected significantly. The kind of acquisitions that they are making it is going to get justified in the long-term. However, from medium-term perspective the operating flows as well as the return ratios are definitely going to get impacted, so largely neutral at this point of time.Emami In Emami the valuation looking a little bit stretched at this point of time at 33.5 times with the kind of portfolio that Emami has whether it's Navratna Oil, its Boro Plus antiseptic cream, all these will hold them in good stead. The acquisitions that they have made, specifically Zandu honey and Kesh King, is going to help them in supporting their EBITDA margins. The EBITDA margins in the quarter gone by have come at an all time high of 31.6 percent and that was aptly aided by the fall in raw material cost that we have probably seen. So with an increase in advertising expenses and staff expenses, you could see some amount of pressure on the bottomline and there was a delayed winter because of which the volume growth specifically on the winter portfolio did see a dip. Navratan Oil also saw dip. It's one of their biggest brand in portfolio that’s probably possess at this point of time and that has shown a volume de-growth of 7 percent. But once the expectation of good monsoon come through over the next few months, once rural demand starts picking up again in a very discrete manner over the next few quarters, Emami’s market share would probably be still maintained and the volume growth can still come back. So our own take is currently the valuations is looking stretched but it’s clear hold at this point of time.Ashok Leyland Ashok Leyland is a buy on dips in a very gradual manner over the next few months. The story is panning out quite nicely. The MHCV segment, which accounts for 80 percent of the topline for Ashok Leyland has been holding pretty well, they have gained market share whether it be MHCV truck segment or MHCV passenger segment. The market-share stands close to 31.9 odd percent overall for both these categories and the LCV segment has also shown signs of improvements in the month gone by we have probably seen a 10 percent growth happening from LCV as a segment and that is contributing significantly which is a duty-free plant. So the fall in prices that we have seen in diesel, the improvement in profitability thereof for a lot of fleet operators, we are probably seeing firm freight rates that is probably aiding the volume growth and our own expectation is volume growth in excess of 20 percent for Ashok Leyland over the next couple of years. They are also intended to increase their export pie from 15 percent to 33 percent over next two to three years and EBITDA margins in our opinion because of benign input cost along with increase in volumes and operating leverage benefits should improve to around 10.5-11 percent which it has been posting. At the current juncture our own take is it trades around 10 times EV/EBITDA. So every gradual decline that we can probably see on stock over the next few months should be taken as accumulative opportunity if you got a target set at Rs 111 which values the stock at 13 times EV/EBITDA over the next 12 months.