Sunday, May 23, 2010

Long Term Stock Recommendations - April 2010

Given below are some of the long term stocks recommended by various brokerage and investment firms for medium to long term.

1. MphasiS Ltd

* Recommended By: Angel Broking
* Current Market Price (CMP): Rs 642
* Target Price: Rs 872

Mphasis Stock Analysis:

* Mphasis is a growing IT Services company mainly engaged in providing Back Office Operations.
* Mphasis Ltd announced that is is acquiring Fortify Infrastructure Services, a global provider of offshore-based remote IT operations and management (ROM) services, in an all-cash deal.
* Mphasis is providing Offshore based Remote IT Operations and Management Services.
* Mphasis is operating mainly from its main office at Bangalore with over 35000 employees.
* Last year (FY2009) Mphasis recorded a net profit growth of around 300% and is currently trading atreasonable valuations of around 16 times its last fiscal year earnings.

2. Jaagaran Prakaashan

* Recommended By: Angel Broking
* Current Market Price (CMP): Rs 122
* Target Price: Rs 160

Jaagaran Prakaashan Stock Analysis

* Publishing the popular Hindi daily ‘Dainik Jaagaran’.
* The price currently looking attractive. Block Stone group has recently invested Rs 225 crore in this company. But its not going toimpact the stockbefore as an other investment company ‘Independent News and Media Investment’ exited from this company.
* Jaagaran Prakaashan has recently had a strategic alliance with ‘Mid-day’ which is popular in Mumbai.

3. Hexaware Technologies Ltd

* Recommended By: SKP Securities
* Current Market Price (CMP): Rs 67
* Target Price: Rs 98

Hexaware Technologies Ltd Stock Analysis

* Started in 1990, Hexaware Technologies Ltd is now providing IT and BPO Services through its 7 development centers. Of these 4 are in India and one each in Germany, USA and Mexico.
* Hexaware is currently operating in 11 countries with a work force of 5,200 and is providing services to 159 clients.
* Currently trading at an attractive P/E of 9.

Source: Sakshi Business News - Stocks View

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