Friday, June 19, 2009

Brokerage Recommendations 18th June 2009

Sell India Cements with a target of Rs 137-132 and stop loss of Rs 147, says Tejas Nandu of Unicorn Investments, on CNBC Awaaz. The stock is currently trading at Rs 140, down 5.67% on the BSE.

Buy Balrampur Chini with a target of Rs 120-130, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 103, up 3% on the BSE. He advises buying select telecom, sugar and banking stocks on dips.

Buy Satyam around Rs 60-70 for a target of Rs 90-100 in 6 months where one can exit the stock, says Deven Choksey of KR Choksey, on Zee Business. The stock is currently trading at Rs 78, up 2% on the BSE.

It was another rough session for our market that closed weak. Sensex closed at 14290, down 232 points (provisional) and Nifty at 4265, down 90 points (provisional) from the previous close. CNX Midcap index was down 2.04% and BSE Smallcap index was down 3.45%. There was selling in realty, metal and power stocks. The market breadth was negative with advances at 192 against declines of 1063 on the NSE.

Sell JP Associates with a target of Rs 175 and stop loss of Rs 200, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

Sell Reliance Capital with a target of Rs 850 and stop loss of Rs 900, says Nishant Jain, technical analyst, on CNBC Awaaz, as closing market strategy.

Sell Ambuja Cements with a target of Rs 90 and stop loss of Rs 85, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

Credit Suisse maintains buy call and outperform in Hero Honda with a target of Rs 1527, reports NDTV Profit. The stock is currently trading at Rs 1449, up 3.17% on the BSE.

BNP maintains a buy call on Marico with a target of Rs 89, reports CNBC Awaaz. The stock is currently trading at Rs 70, up 1.45% on the BSE.

Buy RNRL with a target of Rs 98-101 and stop loss of Rs 93, says Tejas Nandu of Unicorn Investments, on CNBC Awaaz. The stock is currently trading at Rs 90, down 4.67% on the BSE.

In the banking space, accumulate PNB and SBI in the portfolio for long-term gains, says P Subramanium of Venture Securities, on CNBC Awaaz. He is bullish on the cement and power space for the long term.

Bonanza Portfolio maintains a sell call on Sterlite Industries with a target of Rs 586 and stop loss of Rs 613, reports CNBC Awaaz. The stock is currently trading at Rs 590, down 2.11% on the BSE.

In the steel sector, accumulate Tata Steel, JSW Steel and Welspun Gujarat in the portfolio for long-term gains as they have excellent fundamentals, says Rajesh Tambe, market expert, on Zee Business.

Buy Balrampur Chini with target of Rs 135-140, says Ashwani Gujral, technical analyst, on CNBC TV18. It has good support at Rs 90, he adds. The stock is currently trading at Rs 100, down 0.60% on the BSE.

Nifty has strong support at 4100 and resistance at 4500, says Krishna Kumar Karva of Emkay Shares and Securities, on CNBC TV18. Nifty needs to consolidate further, he feels. Global correction is also putting pressure on our markets, he adds. Investors are being cautious ahead of the budget and taking some profits off the table, he says.

Hold Axis Bank with targets of Rs 750, 770 and then 805, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. Keep stop loss of Rs 685, he adds. The stock is currently trading at Rs 740, up 2.7% on the BSE.

Hold Balrampur Chini with medium-term target of Rs 150, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 80, he adds. The stock is currently trading at Rs 102.70, up 2.1% on the BSE.

Buy PNB at Rs 550-575 with short-term target of 15%, says Raj Kishore Bang of Sixth Sense on CNBC Awaaz. Long-term investors can keep stop loss of Rs 500 with target of 35%, he adds. The stock is currently trading at Rs 636.25, up 3.6% on the BSE.

Buy Bajaj Hindustan at Rs 195-200 with target of Rs 235-240, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 207.20, up 2.4% on the BSE.

The momentum has been weakened by the huge sell-off yesterday and we expect more volatility, says Shashank Khade of Kotak Securities on CNBC TV18. The bias may have turned on the negative side and we would look for more signs of weakness in the coming days, he adds.

Hold Apollo Tyres with targets of Rs 36, 42 and then 52, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. Keep stop loss of Rs 28, he adds. The stock is currently trading at Rs 31.50, down 0.8% on the BSE.

Book profits in Gujarat NRE Coke, says Ganesh Shaanbag of SMS Financials on CNBC Awaaz. The run-up for this stock is now over, he adds. The stock is currently trading at Rs 46.15, down 1.7% on the BSE.

Hold IDFC with medium-to-long term target of Rs 190-200, says PK Agarwal of Purpleline Investment on Zee Business. Fundamentally, it is a sound stock, he adds. The stock is currently trading at Rs 134.50, down 0.7% on the BSE.

Buy Balrampur Chini on dips with target of Rs 120-130, says Rahul Mohinder, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 102, up 1.4% on the BSE.

Buy Hotel Leela when it comes to Rs 23-24, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. Hold for long term because it has good potential, he adds. The stock is currently trading at Rs 31, down 6.3% on the BSE.

Hold Satyam with target of Rs 150 in 12-18 months, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 77.25, down 0.2% on the BSE.

Hold MindTree with target of Rs 510-520, says Rahul Mohinder, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 434.60, up 5.8% on the BSE.

Hold Tata Tea with target of Rs 950, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 745, down 0.2% on the BSE.

Hold Unitech with stop loss of Rs 78, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 90, he adds. The stock is currently trading at Rs 82, down 2.3% on the BSE.

Buy Satyam on dips at Rs 60-70 with target of Rs 90-100, says Deven Choksey of KR Choksey on CNBC Awaaz. The stock is currently trading at Rs 77, down 0.5% on the BSE.

Hold Essar Oil with stop loss of Rs 145, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 195, he adds. The stock is currently trading at Rs 158.35, down 0.7% on the BSE.

Buy Spicejet with intra-day target of Rs 24, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 19.50, he adds. The stock is currently trading at Rs 20.90, up 4.8% on the BSE.

Buy 20% of SBI shares at current levels and the rest when it is at Rs 1710, says Rahul Mohinder, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1688, up 1.5% on the BSE.

Sell Essar Oil with targets of Rs 155, 152 and then 149, says Rajat Bose, technical analyst, on CNBC TV18. Keep stop loss above Rs 167, he adds. The stock is currently trading at Rs 156.50, down 1.8% on the BSE.

Hold Wipro which still has 7-8% upside left in it, says Rahul Mohinder, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 381.50, up 0.8% on the BSE.

Buy Zandu Pharma with intra-day target of Rs 7600, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 7200, he adds. The stock is currently trading at Rs 7423, up 3.4% on the BSE.

Buy Omaxe with intra-day target of Rs 108, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 101, he adds. The stock is currently trading at Rs 105.50, up 4% on the BSE. » Send to friends

Sell Idea Cellular at Rs 80.85 with target of Rs 77, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 82, she adds. The stock is at Rs 80.60, down 6.8% on the BSE.

Sell Aditya Birla Nuvo at Rs 896 with target of Rs 860, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 910, she adds. The stock is at Rs 898.75, down 5.3% on the BSE.