Infosys: Quotes, News

BSE 1300.4524.2 (-1.86%)

NSE 1300.8025.1 (-1.93%)

Indraprastha Gas: Quotes, News

BSE 147.001.15 (-0.78%)

NSE 146.311.86 (-1.27%)

Geometric, Divis Labs:

Buy Geometric and Divis Laboratories , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Since this is a choppy market, in a choppy market like this we have both kind of trades selling as well as buying. One of the most obvious sectors for buying starting today should be the IT sector. I have been upbeat on the CNX-IT index for two to three weeks now, three weeks or more and that upbeatness has finally percolated to the middle level IT stocks."

Indraprastha Gas:

One can buy Indraprastha Gas from the next six to eight months angle. It can test Rs 280-290, says Ambareesh Baliga, Independent Analyst.

Baliga told CNBC-TV18, " Infosys stumped most of us who were negative on the stock for a while. Right now with the sort of the move which we have seen, 17 percent move, I will not shift from TCSto Infosys at this point of time since it has already moved up so much. I don't see much more upside from here. I would wait for one more quarter results to see whether it continues or not."

Infosys:

SP Tulsian, sptulsian.com advises traders to short Infosys around Rs 2710- 2715.

Tulsian told CNBC-TV18, "It will be wrong on any traders' part to go long on Infosys at more than Rs 2,700 because the rise which we have been seeing of 15-16 percent today is a combination of both that is short covering as well as building up of the long positions and in building up the long positions you see the exuberance also happening because the traders those who just follow the trend, as till yesterday they were following on the short side, today they are following it on the long side."

IndusInd Bank:

Aditya Birla Money is bullish on IndusInd Bank and has recommended accumulate rating on the stock with a target of Rs 461 in its January 11, 2013 research report.

"IndusInd Bank, net profit for the current quarter increased 29.8% YoY (6.8% QoQ) to Rs2672.7 mn. The growth in PAT was mainly driven by 34.2% YoY (13.4% QoQ) increase in the NII and 34.2% YoY (11.0% QoQ) increase in other income. Within other income, core fee income grew at a healthy 32% YoY (11% QoQ) during the quarter. The growth in profitability was despite surge in one-off provision for bad assets related to Deccan chronicle (~40% of its total exposure of Rs1 bn). The growth in NII was mainly driven by robust growth in advance book (30.8% YoY, 7.6% QoQ) and higher NIMs. C/I ratio during the quarter stood at 49.4% (decline of 38 bps YoY and 1 bps sequentially)."

GoodReturns.in

DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.