Top 20 stocks that can give 20% by Citi

Stock

Brokerage house Citi has retained its Sensex target of 20,800 for 2013, and identified 20 stocks that can give 20 percent returns from current levels.

“There are challenges on growth, corporate confidence /investment momentum, current account deficit, monetary policy flexibility and near-term earnings. That said, there is greater corporate rationality, some balance sheet de-risking, government policy action, and some pretty decent, well growing and reasonably valued businesses,” said the Citi note to clients.

Following are Citi’s 20 picks:

Adani Port                 (Target price: Rs 183)

Aurobindo Pharma     (Target price: Rs 260)

Infosys                     (Target price: Rs 3450)

Axis Bank                (Target price: Rs 1615)

Jindal Steel & Power  (Target price: Rs 567)

Bharti Airtel              (Target price: Rs 397)

Maruti Suzuki            (Target price: Rs 1677)

Cairn India                (Target price: Rs 381)

MindTree                   (Target price: Rs 1045)

Coal India                  (Target price: Rs 365)

Oil & Natural Gas       (Target price: Rs 360)

DB Corp                    (Target price: Rs 280)

Petronet LNG             (Target price: Rs 189)

Glenmark Pharma       (Target price: Rs 660)

Tata Motors                (Target price: Rs 309)

Idea Cellular              (Target price: Rs 134)

Grasim Industries       (Target price: Rs 3580)

Tata Steel                  (Target price: Rs 508)

ICICI Bank                 (Target price: Rs 1425)

Wockhardt                 (Target price: Rs 2500)

Article by Raviraj

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