Buy IDFC around Rs 161; target Rs 180: ICICIdirect.com

IDFC  is a good candidate for short covering. It had witnessed significant short additions in the last couple of series. Recently, when it underperformed the broader market, the short build-up increased. The stock open interest has gained more than 34 percent from the highest OI seen in the April series. However, the stock had major support at Rs 147, which it did not breach in May despite repeated jitters. We believe this set the stage for good short covering in the stock when the Nifty surpassed its major resistance of January highs

Buy Coal India; target Rs 374: Nirmal Bang

Nirmal Bang is bullish on Coal India  (CIL) and has recommended buy rating on the stock with a target price of Rs 374, in its April 03, 2013 research report.

Buy Hexaware Tech; target of Rs 123: Angel Broking

Angel Broking is bullish on Hexaware Technologies and has recommended buy rating on the stock with a target of Rs 123 in its December 07, 2012 research report.

“Hexaware Technologies (Hexaware) has announced downward revision of its 4QCY2012 revenue guidance to US$92mn from US$94.7-96.5mn earlier; and thereby its full year CY2012 USD revenue growth guidance is now lowered down to 18% yoy from 20% earlier. The company attributed this to a sudden change in project scope and deliverables from a large client which is amongst its top-10 clients. This decline is likely to impact 4QCY2012 operating margin by 500-700bp qoq. However, the management indicated that this is a one-off event and the rest of the business currently continues to operate as earlier.”

Buy Jaiprakash Associates; Target 104

Motilal Oswal is bullish on Jaiprakash Associates  and has recommended buy rating on the stock with a target of Rs 104 in its August 1, 2012 reports.

“Jaiprakash Associates (JPA) reported standalone PAT of INR1.4b for 1QFY13, marginally lower than our estimate of INR1.6b. While EBITDA was in-line at INR7.7b, led by better operating performance of the Cement and EPC divisions, PAT growth was arrested by higher depreciation and dismal performance of the real estate (RE) division.”

Buy Bharti Airtel Target 370: Motilal Oswal

Motilal Oswal has come out with its report on telecom space. The research firm recommends buy rating on Bharti Airtel.

“In 1QFY13, we expect the average wireless traffic for the top-4 operators to grow ~4% QoQ. Wireless RPM decline is likely to continue due to relatively higher competitive activity amidst regulatory uncertainty. Operators have not been able to fully pass on the negative impact of hike in service tax and change in regulations f or tariff vouchers. We expect Idea to continue reporting the highest traffic growth at 6% QoQ, followed by Bharti (3.5% QoQ).”

Rakesh Jhunjhunwala Quotes

“If a girl is beautiful a suitor will come. If a stock is beautiful, a suitor will come. So I don’t search for suitors when I buy the stock.”

“I have learnt two things about the press and wives. When they say something – don’t react.”

“India will remain in a phase of very good economic growth for the next 30 years.”

“Markets are like women — always commanding, mysterious, unpredictable and volatile.”

“Anticipate trend and benefit from it. Traders should go against human nature.”

Buy M&M; target of Rs 851: SPA Research

SPA Research is bullish on Mahindra and Mahindra(M&M) and has recommended buy rating on the stock with a target of Rs 851 in its April 09, 2012 research report.

“Mahindra & Mahindra, flagship company of the Mahindra group, is the market leader in Utility Vehicles (UV's) & tractors in India, having ~56% & ~42% market share respectively. It is one of the most diversified conglomerates in the Indian automobile space with presence across segments viz. passenger vehicles, LCVs, Tractors, 3-wheelers, 2- wheelers & M&HCVs. Given the Company's thrust on new product developments, success of XUV5OO and attractive valuations, we initiate a "BUY" recommendation on the stock.”