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8 stocks to buy and sell ahead of Q2 earnings

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IT major Infosys will usher in second quarter earnings season ending September 30, 2012, when it reports numbers on Friday. Indian equities have run-up sharply ahead of corporate results, mainly on account of increased liquidity. Most analysts have muted expectations from earnings because of a sharp slowdown in India's growth though individual companies may surprise on the upside. Global investment bank CLSA has come out with a list of stocks investors could dabble in ahead of earnings.
  1. ICICI Bank: India's private bank has led the current rally, rising over 10 per cent in the last month. It is trading at its 52-week high.
  2. SBI: CLSA says asset qualities would hold up stronger. India's biggest PSU lender has gained 20 per cent over the last month.
  3. Axis Bank: The private lender has run up over 15 per cent in the last month.
  4. M&M: The utility vehicles major could see potential margin surprise on tractor and UV sales. Shares have rallied nearly 15 per cent over the last month.
  5. Apollo Tyres: Better replacement demand and margins may lead to an upside. The stock has corrected nearly 9 per cent over the last month.
  6. Sun Pharma: See earnings upgrades on better Taro pricing. Shares have gained 8 per cent over the last month.
  7. DLF: Sell DLF ahead of earnings because of weak trend in operating cash flows. Shares have rallied nearly 10 per cent over the last month.
  8. HUL: Recent stock price surge implies heightened expectations from HUL, maintain underweight. The stock has rallied 5 per cent over the last month.
     

Disclaimer: Investors are advised to make their own assessment before acting on the information.



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