HDFC securities: Diwali Muhurat Picks

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LIC Housing Finance
Stop Loss: Rs 305
Target : Rs 360
Time frame: 4-6 weeks
Rationale: Management expects the transformation of that into housing sector to help further growth in FY’15 and years ahead. Management expects loan book growth of around 20% during FY 2015.



Petronet LNG
Stop loss: 170
Target: Rs 208
Time frame: 4-6 weeks
Rationale: The company is on track to complete the capacity expansion at Dahej from 10 to 15 mmtpa by end of 2016.

Federal Bank
Stop Loss: Rs 115
Target : Rs 155
Rationale: The bank is set to accelerate its growth after consolidation phase. The advances grew at a pace of 15% YoY as on September 2014 at Rs 48466 crore.

Escorts
Stop Loss: Rs 138
Target : Rs 180
Rationale: As part of the distribution agreement with Ferrari, Escorts launched the premium, speciality tractors in India last year. Encouraged by the response, it is in talks with Ferrari to manufacture the tractors locally.