Saturday, July 4, 2009

Brokerage Recommendations 3 July 2009

Buy BEML with a target of Rs 1520 in 12-18 months, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1033, down 4.51% on the BSE.

Hold Hindustan Zinc with target of Rs 800 in 9 months, says P Phani Shekhar of Angel Broking, on CNBC Awaaz. Buy more on dips, he adds.

In the infrastructure space, buy HCC, IVRCL Infra, Lanco Infrastructure and Nagarjuna Constructions for long-term gains, says Tejas Nadu, market expert, on NDTV Profit.

In the infrastructure space, buy Patel Engineering and IRB Infra, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. Both the stocks are showing good build-up, he adds.

Hold Nagarjuna Fertilisers with stop loss of Rs 39.50, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is at Rs 42.55, up 5.2% on the BSE.

Hold Power Grid for more than 18 months for excellent returns, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Buy more on dips, he adds. The stock is currently trading at Rs 113.10, up 3.1% on the BSE.

Hold ACC with target of Rs 850-860, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 766.05, up 0.6% on the BSE.

Hold India Cements with target of Rs 155-160, says Rahul Mohinder, technical analyst, on CNBC TV18. It has support at Rs 125-130, he adds. The stock is currently trading at Rs 137.25, up 2.1% on the BSE.

Hold GVK Power with target of Rs 56, says Ashu Bagri of SBICAP Securities on NDTV Profit. Keep stop loss of Rs 37, he adds. The stock is currently trading at Rs 43.35, up 4% on the BSE.

A few minutes before close, the market is looking very cheerful with both the major indices showing good gains. Europe is trading flat. Sensex is trading at 14908, up 247 points from its previous close, and Nifty is at 4421, up 72 points. CNX Midcap index is up 0.8% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 665 against declines of 546 on the NSE.

Buy Tech Mahindra with target of Rs 800 and above, says Sudarshan Sukahni, technical analyst, on CNBC TV18. The stock is currently trading at Rs 760, down 1.4% on the BSE.

RNRL has filed special leave petition in the Supreme Court seeking judicial direction to RIL to honour gas supply obligations, reports NDTV Profit.

Buy Bartronics with target of Rs 215, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 170, he adds. The stock is currently trading at Rs 179, up 0.7% on the BSE.

Buy Nagarjuna Fertilisers with target of Rs 46-48 in one month, says Rahul Mohinder, technical analyst, on CNBC TV18. Keep stop loss of Rs 38, he adds. The stock is currently trading at Rs 41.65, up 3% on the BSE.

Buy Sesa Goa with target of Rs 220-240 after which it can go to Rs 285, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 175, he adds. The stock is currently trading at Rs 187.60, down 1.2% on the BSE.

Hold GAIL with target of Rs 368, says Ashu Bagri of SBICAP Securities on NDTV Profit. Keep stop loss of Rs 284, he adds. The stock is currently trading at Rs 312.70, up 0.7% on the BSE.

Hold Hindustan Zinc with target of Rs 685, says Salil Sharma, technical analyst, on CNBC Awaaz. Or hold for six months with stop loss of Rs 550, he adds. The stock is currently trading at Rs 608.50, up 0.03% on the BSE.

The market continues to rally, apparently unmoved by the railway budget. Sensex is trading at 14730, up 71 points from its previous close, and Nifty is at 4369, up 20 points. CNX Midcap index is up 0.1% and BSE Smallcap index is down 0.2%. The market breadth is negative with advances at 509 against declines of 694 on the NSE.

Hold ITI which has resistance at Rs 46 crossing which it can then show a good uptrend, says Mitesh Thacker, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 41.45, up 5% on the BSE.

This budget has provided an innovative way of functioning by including private investors, says Indian Prime Minister Manmohan Singh in his comments on the railway budget, reports CNBC Awaaz. It is a competent job done in quite a short time, he adds.

Hold ONGC which looks good on the charts, says Sudarshan Sukhani, technical analyst, on CNBC TV18. It will outperform even in the declining market, he adds. The stock is currently trading at Rs 1125.90, down 0.1% on the BSE.

Buy Educomp Solutions only on dips at Rs 3400-3500, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 4208, down 2% on the BSE.

There will be no change in freight tariff and passenger fares, says Mamata Banerjee at the conclusion of her budget presentation in Parliament, reports CNBC TV18. Minimum Tatkal fares have been reduced from Rs 150 to Rs 100, it adds.

Hold Prism Cement with target of Rs 46, says Ashu Bagri of SBICAP Securities on NDTV Profit. Keep stop loss of Rs 35, he adds. The stock is currently trading at Rs 39, down 1% on the BSE.

Hold Tata Steel with targets of Rs 450 and then 530, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is in an uptrend now, he adds. The stock is currently trading at Rs 420, down 0.04% on the BSE.

Buy Reliance Industries on dips, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Hold for long term with target of Rs 2450-2500, he adds. The stock is currently trading at Rs 2012.05, up 0.1% on the BSE.

Book profits in Kalindee Rail at Rs 235, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 227.70, up 1.9% on the BSE.

Hold Titagarh Wagons with trailing stop loss of Rs 400, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 446.50, up 1.6% on the BSE.

Hold TCS with target of Rs 455 in six months, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 340, he adds. The stock is currently trading at Rs 389, down 0.3% on the BSE.

Hold Reliance Industries which is trading in a range now, says Mitesh Thacker, technical analyst, on CNBC Awaaz. It has support at Rs 1950-1960 and resistance at Rs 2120, he adds. The stock is currently trading at Rs 2012.40, up 0.1% on the BSE.

There is uncertainty in the market ahead of the rail and general budget, says Gaurang Shah of Geojit BNP Paribas on Zee Business. He advises those invested for medium term and who cannot bear the volatility to book profits.

Hold Jyoti Structures with target of Rs 170, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss below Rs 125 on day-end closing basis, she adds. The stock is currently trading at Rs 147.10, up 5.1% on the BSE.

Buy IRB Infra on dips with target of Rs 200, says Ashu Madan of Religare on CNBC Awaaz. The stock is currently trading at Rs 180, up 3.7% on the BSE.

An hour into opening, the market is trading firm. Rail stocks are rallying ahead of the railway budget to be announced at noon. Sensex is trading at 14688, up 29 points from its previous close, and Nifty is at 4357, up 8 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.2%. The market breadth is negative with advances at 537 against declines of 561 on the NSE.

Buy Chambal Fertilisers on dips with short-term target of Rs 85, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 55, she adds. The stock is currently trading at Rs 66.20, up 0.9% on the BSE.

Buy NIIT Ltd and Aptech for good returns, says Mitesh Thacker, technical analyst, on CNBC Awaaz. These stocks are in a good uptrend now, he adds.

Buy ONGC with target of Rs 1225-1230, says Devangshu Dutta, market expert, on CNBC TV18. Keep stop loss of Rs 1100, he adds. The stock is currently trading at Rs 1105.85, down 1.8% on the BSE.

Buy Nagarjuna Fertilisers on dips with short-term target of Rs 55, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 34, she adds. The stock is currently trading at Rs 40.80, up 0.9% on the BSE.

Sell Pantaloon Retail with intra-day target of Rs 295, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 310, he adds. The stock is currently trading at Rs 306.95, down 0.4% on the BSE.

Book profits in rail stocks, says Ashu Madan of Religare on CNBC Awaaz. He advises reviewing these stocks post-budget and then only re-entering them.

Sell Tata Steel with intra-day target of Rs 400, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 423, he adds. The stock is currently trading at Rs 415.45, down 1.1% on the BSE. » Send to friends

10:09 AM - Buy Lanco Infra with intra-day target of Rs 368, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 357, he adds. The stock is currently trading at Rs 364.50, up 1.8% on the BSE.

Sell BHEL at Rs 2153 with target of Rs 2117, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 2170, she adds. The stock is currently trading at Rs 2157.30, up 0.3% on the BSE.

The market opens on a stable note, on the last trading day ahead of the general budget. Today, by noon the railway budget is expected to be announced. Earlier, US markets sold off on poor job numbers and Asia is trading mixed. Sensex is trading at 14612, down 46 points from its previous close, and Nifty is at 4331, down 17 points. CNX Midcap index is up 0.4% and BSE Smallcap index is down 0.1%. The market breadth is negative with advances at 133 against declines of 374 on the NSE.

Buy Reliance Power with intra-day target of Rs 180, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 172, he adds. The stock is at Rs 172.80, up 0.8% on the BSE.

Buy L&T at Rs 1567 with target of Rs 1600, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 1545, she adds. The stock is at Rs 1563.60, down 0.7% on the BSE.