Sunday, November 15, 2009

Mid-term picks by Antique Stock Broking




Great Eastern:

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

BUY

MARKET PRICE: Rs 255.50

TARGET PRICE: Rs 304

A seasoned management team, which has seen many shipping cycles, strong cash reserves and conservative leveraging, optimum mix of time and spot charters across and reasonable valuations. Emergence of its offshore division should trigger rerating of the stock.

Sterlite Tech:

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

BUY

MARKET PRICE: Rs 304.10

TARGET PRICE: Rs 405

World Class scale, cutting-edge technology, comprehensive product profile, strong management team and proven execution capabilities. With capital expansion in the power and telecommunication infrastructure segments inevitable, the company is best poised to secure business.

Opto Circuits:

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

BUY

MARKET PRICE: Rs 209.40

TARGET PRICE: Rs 295

A formidable product range, cost-effective and technology-based player with emphasis on proprietary technology. An enviable track record of successful inorganic growth and geographical diversity of revenues add a degree of comfort.

Balrampur Chini:

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

BUY

MARKET PRICE: Rs 147.95

TARGET PRICE: Rs 162

One of the most operationally efficient players backed by optimal integration (cogen and distillery) and a strong management team. Also, absence of any further capex along with strong operational cash flows would further strengthen its balance sheet.

Prakash Inds:

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

BUY

MARKET PRICE:

TARGET PRICE: Rs 432

Expanding capacities of sponge iron and billets coupled with commissioning of iron ore mine would substantially reduce costs and improve margins. Moreover, its expansion of power capacities will aid in improving the operational parameters in the form of assured revenues as well as reducing costs.

ET Bureau

Antique Stock Broking has suggested the following five stocks as the mid-term picks.

DISCLAIMER: The views expressed in these pages are from brokerages, analysts and fund managers. Readers should seek professional investment advice before acting on any recommendation. ET does not associate itself with the choices. Check out the ET Code of Ethics at www.economictimes.com

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