 "Broker alert: Buy Tecpro, BHEL, Marico")
Firstpost tries to make life simpler for you by giving you a snapshot of the stocks that brokers are tracking. Here is the list.
•Enam Securities maintains its ‘Hold’ position on Marico and has a price target of Rs 140 per share, despite revising its earnings estimate by eight percent for the year ending March 2012.
[caption id=“attachment_87896” align=“alignleft” width=“380” caption=“Marico’s recent update cautioning investors against excessive earnings had a drastic effect on the stock. Screengrab/marico.com”]
[/caption]
Marico’s recent update cautioning investors against excessive earnings had a drastic effect on the stock, which declined by 10 percent on the day of the announcement. In view of that guidance, Enam Securities has lowered its profits estimates. However, it believes that investors could look at entering the stock if it corrects further or if it has a weak September quarter.
•Edelweiss Securities has a price target of Rs 1,210 per share for TCS vis-a-vis its current market share of Rs 1,043 per share, reflecting an upside potential of 16 percent. While they have marginally lowered the price target, they are still bullish on the company and maintain their ‘buy’ outlook on the stock. TCS has a large order book and a strong deal pipeline, which will limit the negative impact of any global issues, if any, Edelweiss said in its report dated 19 September.
•Quant Global Research has initiated a ‘buy’ outlook on Tecpro Systems with a price target of Rs 311 per share vis-a-vis its current market price of Rs 243.5 per share. The report expects revenues and profits to grow at a compounded annual growth rate (CAGR) of 28 percent and 22 percent, respectively, during the period March 2011 to March 2013. As of June 2011, the company had a total order book of around Rs 4,200 crore.
•Sharekhan is bullish on BHEL and has revised its price target upwards to Rs2,077 per share vis-a-vis its current market price of Rs 1,633, reflecting an upside potential of 27 percent. In spite of expecting an annual fall in the order inflow for the 12 months to March 2012, it also believes the slow industrial capital expenditure and the hangover of the follow-on public offer is already reflected in the stock’s under-performance with respect to broader market indices like the BSE Sensex and the Nifty.
•Angel Broking maintains its ‘buy’ rating on Jyoti Structures with a price target of Rs 100 per share compared with its current market price of Rs 69.8 per share. The company has secured orders worth Rs 328 crore which includes the 765kV sub stations (Rs254 crore) and the 400kV transmission lines ( Rs 74 crore). This was reflected in the company’s stock price as it rose by 8.4 percent over the last one month vis-a-vis the BSE Mid-cap, which rose by 4 percent.