Tuesday, November 16, 2010

Stock Picks from Religare

Stocks for long-term play

 

The markets have corrected more than 5% from the closing highs of November 05, 2010. A correction was inevitable as the market had run up more than 11% in the month of September and remained flat, amidst high volatility in October. Nevertheless this correction should be used as a buying opportunity as we believe fundamentals of the Indian economy remain intact and that the money from the overseas will continue to chase growth.

Mentioned below are fundamental picks for the long term play.

S No

Company

Recommendation

CMP (Rs)

Target (Rs)

1

Biocon

Buy

406

550

2

Educomp Solutions

Buy

543

700

3

Glenmark Pharma

Buy

343

390

4

ITC

Buy

170

210

5

Hindustan Construction Co.

Hold

58

73

6

Marico

Buy

137

150

7

Amara Raja Batteries

Buy

185

260

8

Lanco Infratech

Buy

63

85

9

Grasim

Buy

2238

2900

10

TCS

Hold

1053

1100

 --- by Religare

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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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