Stock Recommendations For Your Portfolio

KPIT Technologies | BSE CODE: 532400 | Volume: 23000 | CMP: Rs 146  

KPIT Technologies has posted a good set of results for Q2FY14. This was aided by lower-than-expected forex losses and tax rates. The company has said that it expects the tide to turn in its favour in the second half of the current fiscal. It has signed two USD 10 million deals in the elapsed quarter, one each from the US and Europe, and expects to execute these deals over the next four quarters. To add to this, the company has sounded off confidence in securing two USD 25 million plus deals in the next one month. The pipeline of deals provides the company with strong growth visibility for H2FY14. The company has confirmed that it is pursuing growth across multiple IT products, especially for the automotives segment. It is also foreseeing an uptick in demand in the next couple of quarters in the non-linear segment. Its revenues have improved by 3.1 per cent in USD terms on a sequential basis. The automotive/transportation and energy/utilities segment are expected to drive growth going forward. One can look at investing in this stock from a medium-term perspective.

TVS Motor Company | BSE CODE: 532343 | Volume: 214000 | CMP: Rs 50  

TVS Motor Company has emerged as a dark horse in the two and three-wheelers segment in the country. It has posted better-than-estimated revenue growth for Q2FY14, which went up by 18 per cent on a YoY basis. Moreover, the realisations have increased by 13 per cent on YoY basis to reach a high of Rs 39591 first time in the history of the company, backed by a superior product mix. The management has indicated that the company is witnessing growth this festive season and has also seen an increase in market share. The volumes are expected to get a boost from new launches like Jupiter (launched in September), the new Scooty, Star City upgrade and the new motorcycle Victor. The company aims to sell 55000-60000 scooters per month from the end of the current fiscal. The company also initiated a price hike to the tune of one per cent on select models in the month of October 2013. One can look at investing in this stock from a medium-term perspective.