Long-term bets: What to Buy, Sell and Hold

Angel Broking has initiated coverage on Voltas with a buy rating and a target price at Rs 353. The brokerage expects the company to re port 9.5% top line and 13.1% bottom line CAGR during the period 2014-2018 given its strong market positioning within the air conditioning space coupled with an expected gradual recovery in its electro-mechanical projects segment. The stock rose 0.74% to close at Rs 305.50.

Reliance Securities has initiated coverage on National Buildings Construction Corporation (NBCC) with a buy recommendation and target price of Rs 1,150. The brokerage views it as a robust growth story in the backdrop of its PWO status and niche presence in re-development of government's old colonies across the country. The stock fell 0.42% to Rs987.6 on Monday.

Nomura has retained its buy rating on Larsen & Toubro citing likely pick up in execu tion in long-gestation proj ects and margin recovery.

However, it has reduced the target price to Rs 1,663. The brokerage said the current order backlog will likely lead to a recovery in return on equity (ROE) and free cash flow (FCF) metrics. The stock rose 0.28% to Rs 1,289.9.

IIFL has initiated coverage on JKumar Infraprojects (JKIL) with buy rating and target price of Rs 452. The broker age said that the company is one of the few that did well during last few years and will benefit from the huge opportunity about to unfold in the infrastructure sector, especially the transporta tion segment. The stock rose 3.41% to Rs 359.85.