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8 stocks to buy and sell ahead of Q2 earnings

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.

Story first published on: October 09, 2012 11:35 (IST)

Tags: earnings, CLSA

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