Thursday, June 11, 2009

Brokerage Recommendations 11th June 2009

Buy Tulip Telecom on dips, says Harit Shah of Angel Broking on CNBC TV18. The company will grow at robust pace giving good returns, he adds. The stock is at Rs 774.60, up 11.7% on the BSE.

Buy auto sector stocks but on dips, says DD Sharma of Anand Rathi Securities on Zee Business. Long-term outlook on these stocks is good, he adds.

Buy Voltas at Rs 100-120, says Sandeep Jain of Tradeswift on CNBC Awaaz. Keep target of Rs 185-200 in two years, he adds. The stock is at Rs 139.30, down 0.1% on the BSE.

Hold Aurobindo Pharma with target of Rs 550, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. Keep stop loss of Rs 450, he adds. The stock is at Rs 480.55, up 4.8% on the BSE.

Buy SBI at Rs 1600-1620, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is at Rs 1691, down 3.7% on the BSE.

Buy Sterlite Industries with target of Rs 750, says Ashwani Gujral, technical analyst, on CNBC TV18, as market closing strategy. Keep stop loss of Rs 675, he adds. The stock is currently trading at Rs 704, up 6.1% on the BSE.

Buy Ambuja Cements at Rs 88-90, says Ambareesh Baliga of Karvy Stock Broking on CNBC TV18. Traders can look for returns of Rs 6-8, he adds. The stock is currently trading at Rs 99.10, down 4.4% on the BSE.

Buy IDFC with targets of Rs 148 and 158, says Sanjeev Agarwal of Dynamic Research on CNBC Awaaz. Keep stop loss of Rs 138, he adds. The stock is currently trading at Rs 144.70, up 5% on the BSE.

Hold Mercator Lines with targets of Rs 80 and then 100, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. Keep stop loss of Rs 60, he adds. The stock is currently trading at Rs 68.25, up 2.6% on the BSE.

Few minutes before close, the market is showing volatility and trading flat. Europe which opened weak is now showing strength. Sensex is trading at 15414, down 52 points from its previous close, and Nifty is at 4643, down 11 points. CNX Midcap index is down 0.4% and BSE Smallcap index is down 0.8%. The market breadth is negative with advances at 436 against declines of 822 on the NSE.

Buy L&T on dips, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1632, up 0.1% on the BSE.

Hold Gateway Distriparks with target of Rs 110 and above, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. Keep stop loss of Rs 80, he adds. The stock is currently trading at Rs 101.20, up 10.4% on the BSE.

Buy Bartronics India with target of Rs 235, says Harit Shah of Angel Broking on CNBC TV18. It has good future and will give an upside of 45% from current levels, he adds. The stock is currently trading at Rs 164.60, up 2.5% on the BSE.

Buy Everonn Systems on dips but for long term, says Gaurang Shah of Geojit BNP Paribas on Zee Business. The stock is currently trading at Rs 431, down 3.7% on the BSE.

Buy HDFC Bank for 20-30% returns in the coming months, says Vijay Kumar of Unicon Financials on NDTV Profit. The stock is currently trading at Rs 1554, up 4% on the BSE.

Buy Unitech with targets of Rs 93 and then 100, says Sanjeev Agarwal of Dynamic Research on CNBC Awaaz. Keep stop loss of Rs 85, he adds. The stock is currently trading at Rs 87.45, down 1.6% on the BSE.

Book profits in Tata Power at its resistance level of Rs 1350, says Ashu Kakkar, technical analyst, on NDTV Profit. Buy again at Rs 800-900, he adds. The stock is currently trading at Rs 1196.90, down 1.4% on the BSE.

Avoid investment in Britannia Industries because it is a highly-priced stock, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 1600, down 0.2% on the BSE.

Hold Cairn India with target of Rs 285-300, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 220, he adds. The stock is currently trading at Rs 258, down 0.3% on the BSE.

Hold ACC with target of Rs 1050, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of Rs 850, he adds. The stock is currently trading at Rs 864, down 3.7% on the BSE.

Hold IndusInd Bank with targets of Rs 79 and then 95, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 76.45, down 0.9% on the BSE.

Book profits in Central Bank of India, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 78, down 0.8% on the BSE.

Hold Indiabulls Financial with target of Rs 320, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 183.90, up 1.9% on the BSE.

Hold Lanco Infratech with target of Rs 525, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 422.40, down 4.8% on the BSE.

Hold Neyveli Lignite with target of Rs 150, says PK Agarwal of Purpleline Investment on Zee Business. It has support at Rs 120, he adds. The stock is currently trading at Rs 131.75, down 2.4% on the BSE.

Exit Tata Power and instead invest in BHEL, Siemens, says Vijay Kumar of Unicon Financials on NDTV Profit. The stock is currently trading at Rs 1197.50, down 1.3% on the BSE.

Short Reliance Capital with target of Rs 965, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of Rs 995, he adds. The stock is currently trading at Rs 983, down 2% on the BSE.

Buy Aban Offshore only on deep correction in the market, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1013.05, down 6.7% on the BSE.

Hold TV18 and book profits on rally at Rs 186, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 129, he adds. The stock is currently trading at Rs 146.80, down 0.5% on the BSE.

Buy Emco with targets of Rs 110 and then 132, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 70, he adds. The stock is currently trading at Rs 84, down 1.2% on the BSE.

Hold Satyam with target of Rs 115, says PK Agarwal of Purpleline Investment on Zee Business. Keep trailing stop loss of Rs 75, he adds. The stock is currently trading at Rs 80.85, up 10% on the BSE.

Hold Gail with medium-term target of Rs 350, says Ashu Kakkar, technical analyst, on NDTV Profit. It has support at Rs 250, he adds. The stock is currently trading at Rs 290, down 1.3% on the BSE.

Stay away from the metal sector, says VK Sharma of Anagram Stock Broking on CNBC Awaaz. One can, however, invest in zinc stocks, especially Hindustan Zinc, he adds. The stock is currently trading at Rs 617.95, down 0.9% on the BSE.

Hold Prithvi Info with target of Rs 100, says MB Singh, technical analyst, on Zee Business. Buy more when it comes to Rs 60, he adds. The stock is currently trading at Rs 75, up 2.8% on the BSE.

Hold ONGC with target of Rs 1260-1270, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 1050, he adds. The stock is currently trading at Rs 1135, down 2.5% on the BSE.

Hold HDFC Bank with target of Rs 1555, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 1547, up 3.5% on the BSE.

Sell Aban Offshore with intra-day target of Rs 1000, says Anil Singhvi, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 1100, he adds. The stock is currently trading at Rs 1038.80, down 4.3% on the BSE.

Stay in the market with a trailing stop loss and take out profits in any momentum, says Daljeet Kohli of Emkay Shares and Stock Brokers on CNBC Awaaz. This strategy will help minimise losses, he adds.

Hold Kotak Mahindra with target of Rs 800, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 711.60, down 1.5% on the BSE.

Buy Bata India with intra-day target of Rs 189, says Anil Singhvi, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 159, he adds. The stock is currently trading at Rs 176.60, up 8.3% on the BSE.

Hold Satyam with target of Rs 85, says Rahul Mohinder, technical analyst, on CNBC Awaaz. But do not make fresh entry at the moment, he advises. The stock is currently trading at Rs 80.85, up 10% on the BSE.

Hold IVRCL Infra with target of Rs 425 and it has support at Rs 335, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 368, down 3.6% on the BSE.

Buy Adlabs Films on dips only for long term, says MB Singh, technical analyst, on Zee Business. Keep target of Rs 550, he adds. The stock is currently trading at Rs 409, down 1.5% on the BSE.

Hold Reliance Infrastructure with target of Rs 1400 in 3-4 weeks, says Rahul Mohinder, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1205, down 1.08% on the BSE.

Buy Ranbaxy at Rs 295 with target of Rs 306, says VK Sharma of Anagram Stock Broking on NDTV Profit. Keep stop loss of Rs 285, he adds. The stock is currently trading at Rs 300, up 0.6% on the BSE.

Buy HCL Technologies with target of Rs 240, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 175, he adds. The stock is currently trading at Rs 197, down 3.6% on the BSE.

The market could rally till budget as fund flows are keeping the market higher, says TS Harihar of ICICI Securities, on NDTV Profit. Valuations are being overlooked and flow of liquidity determining the rally, he says. He is bullish on Cairn India and GAIL.

Buy Reliance Communications at Rs 350 with target of Rs 365, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 343, she adds.

Buy Essar Oil with intra-day target of Rs 185, says Anil Singhvi, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 173.50, he adds.

Buy Kotak Mahindra Bank at Rs 723 with target of Rs 737, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 715, she adds.

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