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stocks that you can buy before the weekend – money control

Posted by sandhyaravii on May 25, 2012

TVS Motors:

Rating: Buy

Target: Rs 87

Rationale: They expect the stock to react negatively to the Q4 results as operating profit was 11% below estimates. They believe domestic volumes may come under pressure from potential industry slowdown and increased competition.

 

Voltas:

Rating: Buy

Target: Rs 125

Rationale: The Q4 results beat their estimates on higher than expected operating margins. The stock has corrected nearly 30% since March and currently trades at attractive levels.

 

Bharti:

Rating: Buy

Target: Rs 480

Rationale: Based on their calculations, Bharti has paid 10% premium for the 49% stake in Qualcomm’s BWA JV. They believe this is justified given that the acquisition provides spectrum in key circles of Delhi and Mumbai.

 

Hindalco:

Rating: Neutral

Target: Rs 123

Rationale: Novelis has reported an EBITDA de-growth of 18% and as a result they have cut Hindalco’s EPS estimates by 5%. Valuations appear reasonable.

 

 

 

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