Wednesday, June 10, 2009

Brokerage recommendations 10th June 2009

Buy Firstsource with target of Rs 44-46 in six months, says SP Tulsian, investment advisor, on CNBC TV18. The stock is at Rs 29.80, up 11.6% on the BSE.

Buy Biocon with near-term target of Rs 325, says Akshita Deshmukh, technical analyst, on CNBC TV18. The stock is at Rs 213.95, down 1.2% on the BSE.

Hold BHEL for long term for gains of 20-25%, says Gaurang Shah of Geojit BNP Paribas on Zee Business. The stock is at Rs 2352.80, up 4.6% on the BSE.

The market closed on a happy note today, with the Nifty closing more than 100 points above its previous close for the second day in the running. Sensex shut shop at 15469, up 342 points (provisional) and Nifty at 4656, up 105 points (provisional) from the previous close. CNX Midcap index was up 2% and BSE Smallcap index was up 0.5%. The market breadth was negative with advances at 587 against declines of 681 on the NSE.

Buy Yes Bank with near-term target of Rs 150-155, says Akshita Deshmukh, technical analyst, on CNBC TV18. The stock is currently trading at Rs 133.25, up 2.6% on the BSE.

Buy Tata Motors with target of Rs 400-430, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss below Rs 340, she adds. The stock is currently trading at Rs 362.90, down 1.5% on the BSE.

Hold IFCI with target of Rs 65, says Neera Jain, technical analyst, on NDTV Profit. Keep stop loss below Rs 50, she adds. The stock is currently trading at Rs 51.90, down 2.6% on the BSE.

Buy Prism Cement on dips at Rs 39-43 with target of Rs 53-58, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 44.35, up 12.6% on the BSE.

The market is trading steady while Asian and European markets continue to trade positive. Sensex is trading at 15453, up 326 points from its previous close, and Nifty is at 4651, up 100 points. CNX Midcap index is up 1.5% and BSE Smallcap index is down 0.1%. The market breadth is now negative with advances at 578 against declines of 689 on the NSE.

Hold Era Infra with target of Rs 127 where book partial profits, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 112, he adds. The stock is currently trading at Rs 116.50, up 5.7% on the BSE.

Buy Rolta with target of Rs 165, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 143.80, up 1.1% on the BSE.

Hold Amtek Auto with target of Rs 156-162, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 138, he adds. The stock is currently trading at Rs 146, up 4.7% on the BSE.

Hold Spicejet with target of Rs 35-37, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 21.90, down 1.6% on the BSE.

Buy Bhushan Steel with near-term target of Rs 975, says Akshita Deshmukh, technical analyst, on CNBC TV18. The stock is currently trading at Rs 821.15, down 1.7 on the BSE.

Hold Bajaj Hindustan and buy more on sharp dips, says Rakesh Kumar of Marwari P-Securities on NDTV Profit. It will give good returns in six months, he adds. The stock is currently trading at Rs 199.60, up 1.5% on the BSE.

The market continues to look positive, in the steps of good global cues. The Asian and European markets continue to trade strong. Sensex is trading at 15523, up 400 points from its previous close, and Nifty is at 4672, up 121 points. CNX Midcap index is up 2% and BSE Smallcap index is up 1.1%. The market breadth is positive with advances at 713 against declines of 548 on the NSE.

Hold NTPC and exit when it reaches Rs 218-222, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 205-207, he adds. The stock is currently trading at Rs 218.95, up 2.8% on the BSE.

Buy Kotak Mahindra Bank with near-term target of Rs 780-785, says Akshita Deshmukh, technical analyst, on CNBC TV18. The stock is currently trading at Rs 721, up 5.6% on the BSE.

Hold GMR Infra with target of Rs 200, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss below Rs 150, she adds. The stock is currently trading at Rs 165, down 0.5% on the BSE.

Buy ICICI Bank with stop loss below Rs 650, says Neera Jain, technical analyst, on NDTV Profit. The stock is currently trading at Rs 755, up 2.6% on the BSE.

Buy Unitech at Rs 92-95 with stop loss of Rs 75, says MB Singh, technical analyst, on Zee Business. Keep short-term target of Rs 115 and mid-term target of Rs 150, he adds. The stock is currently trading at Rs 90.65, up 2.3% on the BSE.

Hold Sintex Industries with target of Rs 275-280, says Rajesh Agarwal, market expert, on CNBC Awaaz. The stock is currently trading at Rs 245, up 7.6% on the BSE.

Hold Prism Cement with target of Rs 55, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 36-37, he adds. The stock is currently trading at Rs 44.85, up 13.8% on the BSE.

Hold Infosys and book partial profits at Rs 1850, says Neera Jain, technical analyst, on NDTV Profit. Keep stop loss below Rs 1650, he adds. The stock is currently trading at Rs 1810.30, up 0.8% on the BSE.

The momentum in the market continues to be strong and it is headed higher, says Hitesh Agarwal of Angel Broking, on CNBC Awaaz. Buy PNB and HDFC Bank even at current levels for an upside of 15-20%, he adds.

Buy IDBI Bank with a target of Rs 120 where one can book profits, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 104, down 0.8% on the BSE.

Buy Adlabs Films only if it crosses Rs 450 for 10-12% returns, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 426, he adds. Or buy when it comes down to Rs 375 and keep stop loss of Rs 360, he adds. The stock is currently trading at Rs 419.05, down 1.6% on the BSE.

Buy Ashok Leyland with stop loss below Rs 30, says Neera Jain, technical analyst, on NDTV Profit. The stock is currently trading at Rs 33.80, up 1.5% on the BSE.

Buy Suzlon Energy at Rs 125-130 with stop loss of Rs 108, says MB Singh, technical analyst, on Zee Business. Keep short-term target of Rs 160 and mid-term target of Rs 170, he adds. The stock is currently trading at Rs 124.45, down 1% on the BSE.

The market at noon is looking cheerful and holding on to the gains of the morning. Sensex is trading at 15513, up 384 points from its previous close, and Nifty is at 4663, up 112 points. CNX Midcap index is up 1.6% and BSE Smallcap index is up 0.9%. The market breadth is positive with advances at 757 against declines of 483 on the NSE.

Buy DLF with target of Rs 460, says Salil Sharma, technical analyst, on CNBC Awaaz The stock is currently trading at Rs 398.50, down 1% on the BSE.

Hold Tech Mahindra with short-term target of Rs 892, says Rajat Bose, technical analyst, on CNBC Awaaz. It has resistance at Rs 836-849 crossing which it can go up to Rs 1000 and above in the long-term, he adds. The stock is currently trading at Rs 820.20, up 10.2% on the BSE.

Hold Satyam which will show an upside of 20-25%, says Mehraboon Irani of Centrum Broking on CNBC Awaaz. The stock is currently trading at Rs 73.50, up 10% on the BSE.

Buy IFCI only if it crosses Rs 56.50 for target of Rs 62, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 52.85, down 0.8% on the BSE.

Hold Essar Oil with target of Rs 230-250, says MB Singh, technical analyst, on Zee Business. Buy more when it comes to Rs 160, he adds. The stock is currently trading at Rs 176.90, up 1.9% on the BSE.

Buy Wipro with a target of Rs 460-470, says Hemant Thukral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 435, up 2.7% on the BSE.

Hold DLF which has support at Rs 340, says Pradeep Surekha, technical analyst, on Zee Business. It has resistance at Rs 450 crossing which it can go up to Rs 520, he adds. The stock is currently trading at Rs 413, up 2.6% on the BSE.

An hour into opening, the market is moving from strength to strength. The Asian markets are trading positive. Sensex is trading at 15550, up 423 points from its previous close, and Nifty is at 4685, up 134 points. CNX Midcap index is up 2.8% and BSE Smallcap index is up 3%. The market breadth is positive with advances at 1023 against declines of 193 on the NSE.

Buy Rolta India with target of Rs 154, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 148.70, up 4.5% on the BSE.

Buy Reliance Infrastructure with a target of Rs 1400-1800, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1235.70, up 7.5% on the BSE.

Buy HCL Technologies with target of Rs 218-220, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 180, he adds. The stock is currently trading at Rs 202.30, up 4.1% on the BSE.

Buy Sesa Goa with a target of Rs 200, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 183.50, up 4.7% on the BSE.

Buy L&T with a target of Rs 1950, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1662, up 5.6% on the BSE.

Buy RNRL around Rs 70 with a target of Rs 100-105 in 6 months, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 92.25, up 3.3% on the BSE.

Buy HDFC at Rs 2359 with a target of Rs 2425, says Simi Bhaumik, technical analyst, on Zee Business. Keep a stop loss of Rs 2330, she adds.

Chances of more downside than upside for the market, says Pankaj Pandey of ICICI Securities, on NDTV Profit. Market is likely to be rangebound for the next 3-4 days, he adds.

The market may see a strong opening today, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. He expects to see buying in IT stocks and profit booking in realty stocks.

Buy Hindalco at Rs 91 with a target of Rs 95, says Simi Bhaumik, technical analyst, on Zee Business. Keep a stop loss of Rs 89.50, she adds.

Buy HDIL at Rs 284 with a target of Rs 295, says Simi Bhaumik, technical analyst, on Zee Business. Keep a stop loss of Rs 275, she adds.

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