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Monday, November 30, 2009

Stocks To Buy Now For Mid-Term Investments

Angel broking, stock market investment research firm and stock trading broker, has advised to buy stocks of following companies with mid-term investment view.

Reliance Industries (Stock symbol, BSE:500325)
CMP: Rs. 1062
Target price: Rs. 1170
RIL is expected to continue on account of improvement of refining margins along with gas productions ramping up.

AXIS Bank (Stock symbol, BSE:532215)
CMP: Rs. 997
Target price: Rs. 1248
As the economy is reviving with GDP and capital markets activity, CAGR Growth of Axis bank at 23% looks good on the back of expanding network.

Finolex Cables (Stock symbol, BSE:500144)
CMP: Rs. 53
Target price: Rs. 75
User industries demand has started increasing cables from cable industries in India. Finolex cable is a strong player in this niche and it is all set to get benefited by this growth in demand. It had posted losses in FY 09 but it has registered strong growth as well in FY10 till now.

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