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
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