ICICI Bank, Coal India, Mundra Port looks attractive for 2012: Nischal Maheshwari, Edelweiss Securities

Nischal Maheshwari, Head of Research, Edelweiss Securities in a chat with ET Now share his views about various stocks.

ET Now: What is your best large cap and mid-cap idea for 2012?

Nischal Maheshwari: A couple of stocks look pretty interesting. One is Coal India, which I like quite a lot. The downside is pretty limited. I strongly believe that the environment will change next year because the government cannot continue with this kind of a scenario. So after one or two good news and the stocks will run up to Rs 400 in terms of valuation. Otherwise the rock bottom is Rs 300 for Coal India.

The other one, which I like is Mundra Port. Again at these prices it is factoring in that there is going to be a recession at the Indian ports. The worse we saw in 2008 was -2% when Lehman fell but Mundra was still growing at 10% but if I factor in -2% today, my valuation come to around Rs 129, so Mundra Port looks interesting.

ICICI Bank looks pretty interesting to me at these prices. Maybe another Rs 20-30 down is very good but at these prices also, it is available one time book. So these are two or three stocks, which we have been asking our investors to buy.