Thursday, June 4, 2009

Brokerage recommendations 3rd June 2009

Brokerage recommendations 3rd June 2009

Buy ICICI Bank on any correction around Rs 650 for excellent long-term returns, says Prasad Kushe, technical analyst, on NDTV Profit. It has a target of Rs 5000-8000 in 5-7 years, he adds. The stock is currently trading at Rs 717, down 2.1% on the BSE.

Buy Reliance Communications with a target of Rs 430 and keep a stop loss of Rs 280, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 332, up 4% on the BSE.

Buy Essar Oil with a target of Rs 185-225-240 and keep a stop loss of Rs 145, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 181, up 8.4% on the BSE.

Buy JP Hydro with a target of Rs 93 and keep a stop loss of Rs 64, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 73, up 0.2% on the BSE.

Hold Alok Industries with a target of Rs 28-38-55, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 27, up 14% on the BSE.

Buy JP Associates with a target of Rs 380 and keep a stop loss of Rs 207, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 225, up 4% on the BSE.

Buy Sobha Developers with a target of Rs 250-290 and keep a stop loss of Rs 195, says Jatindra Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 224, up 10% on the BSE.

Buy FDC with a target of Rs 82-83 and keep a stop loss of Rs 38, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 46, up 3.2% on the BSE.

Buy Max India with a target of Rs 230, says Jatindra Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 204, up 4.2% on the BSE.

The market is now in a euphoric state and people need to book 10% profits every day, says Ashwani Gujral, technical analyst, on CNBC TV18. People should reduce their exposure as a dip could come any time now, he adds.

The market ends flat amid choppy trade and weak global cues. Midcaps and smallcaps outperform. Sensex closed at 14845, down 29 points (provisional) and Nifty is at 4520, down 4 points (provisional) from the previous close. CNX Midcap index was up 1.37% and BSE Smallcap index was up 1.99%. The market breadth was positive with advances at 888 against declines of 383 on the NSE.

Buy Aban Offshore with a target of Rs 1140 after which it can go to Rs 1450 and keep a stop loss of Rs 900, says Jatindra Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1110, up 15% on the BSE.

All bull markets normally see a correction so if there is a pause in this rally it would be healthy, says Prasad Kushe, technical analyst, on NDTV Profit. Sensex could correct to 14000 and Nifty to 4400-4300 where fresh buying would emerge, he says. Then the rally could go up again to 16150 on the Sensex and 4650 on the Nifty, he adds.

Buy REC International with a target of Rs 165 and stop loss of Rs 139, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 148, up 2.3% on the BSE.

Buy Chambal Fertilisers with a short-term target of Rs 76-80 and keep a stop loss of Rs 64, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 67, down 2.3% on the BSE.

Buy GNFC with a target of Rs 112 and stop loss of Rs 94, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 99, up 1.3% on the BSE.

Buy Bartronics with a short-term target of Rs 168, medium-term target of Rs 175 and keep a stop loss of Rs 138, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 158, up 1.7% on the BSE.

Buy Cipla with a target of Rs 245 and stop loss of Rs 217, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 229, up 3% on the BSE.

Buy TTML with a target of Rs 40-46 and keep a stop loss of Rs 32, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 35, down 0.8% on the BSE.

Buy Tata Steel with support at 340, target of Rs 525-580 and stop loss of Rs 385, says Mandar Jamsandekar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 482, up 1.8% on the BSE. » Send to friends

1:48 PM - Buy Tata Steel with a target of Rs 550 and stop loss of Rs 450, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 482, up 1.8% on the BSE.

Buy RPL on dips with a target of Rs 150 after which it will see fresh upside and keep a stop loss of Rs 130, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 142, down 0.8% on the BSE.

Buy DLF with support at 380, target of Rs 422-555-580 and stop loss of Rs 320, says Mandar Jamsandekar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 412, up 2% on the BSE.

Buy GMR Infra with a target of Rs 190-250 and stop loss of Rs 115, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 175, up 1.3% on the BSE.

The market has run ahead of itself and is a liquidity driven rally, says Aditya Samant of ING Financial Planning, on NDTV Profit. The current rally could end in sideways consolidation which would be healthier for the market, he adds.

Buy ICICI Bank with support at 650-700, target of Rs 760-792 and stop loss of Rs 640, says Mandar Jamsandekar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 735, up 0.48% on the BSE.

Buy Rolta with a target of Rs 190-200 and stop loss of Rs 120, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 144, down 0.6% on the BSE.

Buy Ashok Leyland with support at 32-28, target of Rs 44 and stop loss of Rs 30, says Mandar Jamsandekar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 37, up 1.8% on the BSE.

Buy Satyam around Rs 60 with a target of Rs 100-115 and stop loss of Rs 52, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 67, up 6.8% on the BSE.

Buy Godrej Consumer with a target of Rs 211 in the long term, says Hitesh Agarwal of Angel Broking on CNBC TV18. The stock is currently trading at Rs 183, up 1.13% on the BSE.

BHEL has bagged order worth Rs 375 crore from Oman, reports CNBC TV18. The stock is currently trading at Rs 2134, up 1.27% on the BSE.

Buy Everest Kanto around Rs 200 with a short-term target of Rs 250, medium-term target of Rs 300 and stop loss of Rs 180, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 215, up 5.7% on the BSE.

he market continues to look good and trade higher. Sensex is trading at 15001, up 127 points and Nifty is at 4561, up 36 points from the previous close. CNX Midcap index is up 2.10% and BSE Smallcap index is up 3.06%. The market breadth is positive with advances at 1062 against declines of 193 on the NSE.

Buy Mindtree with a target of Rs 540 and keep a stop loss of Rs 370, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 462, up 3.5% on the BSE.

Buy CESC with a target of Rs 448 in 12 months, says Hitesh Agarwal of Angel Broking on CNBC TV18. The stock is currently trading at Rs 367, down 0.8% on the BSE.

There is a large liquidity push in emerging markets and a weak $ is keeping markets higher, says Amisha Vora of Prabhudas Liladhar on NDTV Profit. Market could see some profit booking after recent rally, she adds. Expect Sensex to breach 21000 on the upside by December 2010, she says.

Trying to make situation conducive for companies like FACT to improve production, says fertilizer secretary Atul Chaturvedi on CNBC TV18. Fertiliser subsidy to come down by Rs 60,000 crore this fiscal, he says. To save Rs 2500-3000 crore in FY10 on gas availability, he adds. Targetting re-opening of 4 plants, he says.

The momentum in the market to continue and take Nifty to 4700-4800, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. Not comfortable with valuations at current levels, he advises booking profits.

Buy Tata Tea with a target of Rs 790 and keep a stop loss of Rs 680, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 767, up 6.3% on the BSE.

Buy Sasken Communications with a target of Rs 130, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 122, up 5% on the BSE.

Buy Hindustan Zinc with a target of Rs 710 and keep a stop loss of Rs 560, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 663, up 2.42% on the BSE.

Sell Power Grid with a target of Rs 110 and keep a stop loss of Rs 122, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 120, up 0.8% on the BSE.

Buy Balrampur Chini with a target of Rs 110 and keep a stop loss of Rs 80, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 94, up 1.02% on the BSE.

Buy Bajaj Holding with a target of Rs 500 and stop loss of Rs 440, says Anil Singhvi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 495, up 9% on the BSE.

Buy Syndicate Bank with a target of Rs 100 and stop loss of Rs 76, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 83, up 2% on the BSE.

Market has run ahead of its fundamentals, says Ajay Srivastava of Dimensions Consulting, on CNBC TV18. He advises booking profits in IT and banking sectors.