Buy Maruti Suzuki; target of Rs 1594: PINC Research

PINC Research is bullish on Maruti Suzuki India and has recommended buy rating on the stock with a target of Rs 1594 in its June 29, 2011 research report.

“Maruti Suzuki India, during FY09- 11, MSIL compact segment volumes grew at 25.7% CAGR against the segment CAGR of 27.9% i.e. a marketshare loss of 200bps. In the same period Hyundai lost 160bps while Tata Motor’s lost is at a whopping 580bps. Of the recent launches, the Figo has been largely successful, helping Ford garner a marketshare of 5% in the segment. The Beat, after tasting initial success fizzled out. Polo ramp up has been slow due to capacity constraints and monthly runrate has stabilized near the 3k mark, exceeding 200bps marketshare.”

Five stocks that brokerages recommend to buy

Goldman Sachs reiterates buy on Bharti Airtel with a target of Rs 435. Both Bharti and MTN are well positioned to show double digit revenue.

UBS retains its buy rating on L&T with a target of Rs 2,100. L&T may launch the L&T Finance holdings IPO within the next six weeks, the capital raising would enable the to fund its growth.

Buy Bharat Heavy Electricals; target of Rs 2600: KRChoksey

KRChoksey is bullish on Bharat Heavy Electricals (BHEL) and has recommended buy rating on the stock with a target of Rs 2600 in its June 26, 2011 research report.

Buy GMR Infra; target of Rs 40: Aditya Birla Money

Aditya Birla Money is bullish on GMR Infra and has recommended buy rating on the stock with a target of Rs 40 in its June 28, 2011 research report.

Dabur: Strong growth ahead, buy for an upside of 24%

Investment Rationale:
- Positive FMCG Industry outlook: Growing economy favors FMCG industry. Rural`s FMCG consumption is increasing. Dabur India Ltd (Dabur) enjoys a very strong brand equity.
- Organic and inorganic growth: Dabur is looking at organic and inorganic growth in healthcare and personal care categories. It has acquired energiser brand 30 Plus and is also in other acquisitions talks.

Understanding Technicals & how to use them to track markets

CNBC-TV18’s special show ‘The Informed Investor’ tries to simplify jargons that are often thrown. Over the course of the last few weeks Informed Investors has been talking at length about fundamental analysis, both for the equity market and for other asset classes. To switch gears a little bit, the focus is now on technicals.

Technical’s is a term that you often use or hear when we talk about equity markets or crude or where even the currency maybe headed. Managing director of Louise Yamada Technical Research, Louise Yamada and Chief Technical Analyst at Miller Tabak & Co, Phillip Roth talk to CNBC-TV18’s Mitali Mukherjee, and try and breakdown what technical analysis actually means and how it works for some of these asset classes.

Three stocks that brokerages recommend to buy

CLSA has upgraded ONGC to buy from outperform and raised the target price from Rs 330 to 375. CLSA says upstream companies have usually come out longer term winners after policy interventions, they would use any near-term strength to increase exposure in ONGC.

Nomura maintains a ‘buy’ on Lanco Infra with a target of Rs 51. The damages stated to be sought by Perdaman are currently unsubstantiated as Lanco has stated that the agreement has not been terminated and supply is only slated to commence in FY15.