Here are few stocks to buy for mid-term investing recommended recently by stock trading brokers.
Steel sector stocks
SAIL (Steel Authority of India)
CMP: Rs.255
Stock price target: Rs.291
Factors to consider: String balance sheet, focus on India, aggressive capacity expansion.
JSW Steel
CMP: Rs.1134
Stock price target: Rs.1400
Factors to consider: Expected volume CAGR Growth of above 30%.
Infrastructure sector stocks
ERA Infra Engineering
CMP: Rs.212
Stock price target: Rs.290
Factors to consider: Focus on high margin contracting and equipment rental business provides it lot of opportunities in infrastructure sector.
Auto ancillary sector
Clutch Auto
CMP: Rs.53
Stock price target: Rs.125
Factors to consider: Expected EPS in current year to be Rs.9-10 and Rs.14-15 in FY11.
All recommendations by: Anand Rathi stock broking and financial services firm
