Stocks to buy

Current weakness in the market has given opportunity for investors with holding capacity to buy quality stocks at attractive levels (10-15% lower than the pick prices). Many clients have asked us about the stocks they should be buying with a time frame of 3-12 months. (No leverage positions)

Stocks that we like at current level of market (Nifty 5233 # Sensex 17,640) purely from delivery and investment point of view (more volatility is possible over next few days so one should keep 50% - 70% amount aside to buy at lower levels and actually accumulate when these stocks fall ) are :

1. J P Associates (cmp 1055) our Target is Rs. 1350

2. Bharti Airtel (cmp 970) our Target is Rs. 1100

3. SBI (cmp 1665) our Target is Rs. 2282

4. Shivvani (cmp 365) our Target is Rs. 480

5. BHEL (cmp 2075) our Target is Rs. 2450

6. Ranbaxy (cmp 420) our Target is Rs. 500

7. Aban Lloyds (cmp 3900) our Target is Rs. 4400

8. Maruti (cmp 1092) we shall put a new Target shortly.

Apart from these stocks we expect broking and financial services stocks to do well and our preferred pick is India Infoline cmp Rs. 850. This stock is not under our coverage.