Monday, August 3, 2009

Brokerage Recommendations 20 July 2009

Brokerage Recommendations 20 July 2009

Buy Sesa Goa on any correction with a target of Rs 265-270, says Ashwani Gujral, technical analyst, on CNBC TV18. The charts are the strongest, he adds. It is currently trading at Rs 236, up 8.4% on the BSE.

Buy Dr Reddy with a target of Rs 850 and stop loss of Rs 750, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 790, up 2.7% on the BSE.

Buy Infosys with a target of Rs 2050, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1969, up 5.5% on the BSE.

Buy ICICI Bank with a target of Rs 811 and stop loss of Rs 757, says Mitesh Thakkar, technical analyst, on CNBC TV18, as closing market strategy.

The technology sector was ignored and underowned, and is now likely to rally, says Ashwani Gujral, technical analyst, on CNBC TV18. Buy TCS with a target of Rs 530-565, he says. The stock is currently trading at Rs 495, up 14% on the BSE.

The market sentiment and momentum is good and strong, says Sajeev Dhavan of JV Capital Services, on CNBC TV18. The trend now is to go long, revise stop losses upwards as we are likely to see higher levels, he adds. This is a buy on dips market, he says.

The market is looking good and continues to trade strong. Nifty is trading above the crucial 4500 level. Sensex is trading at 15190, up 446 points and Nifty is at 4502, up 127 points from the previous close. CNX Midcap index is up 2.73% and BSE Smallcap index is up 2.45%. BSE IT index is up 7%, while there is good buying in technology, realty and banking stocks.

In an F&O call, buy Nifty July futures with a target of 4525 and stop loss of 4430, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. This is a bullish trend and one can buy on dips as the market is likely to go to 4580, he says.

In an F&O call, buy Nifty July futures with a target of 4700 and stop loss of 4400, says Hardik Jain, technical analyst, on CNBC Awaaz. This is a buy on dips market, he says.

In an F&O call, buy Nifty July futures with a target of 4500-4700 and stop loss of 4200, says Hormuz Maloo, technical analyst, on CNBC Awaaz. The medium-term trend is strong, so one can buy in a 100-point correction, he says.

In an F&O call, sell Nifty July futures with a target of 4350 and stop loss of 4550, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The market is likely to see a short covering rally for the next 2-3 sessions, she says.

Buy Shree Renuka Sugars with a target of Rs 155 and stop loss of Rs 135, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 144, up 0.17% on the BSE.

Buy Allahabad Bank with a medium term target of Rs 92-99-128 and stop loss of Rs 74, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 86, up 9.7% on the BSE.

Buy Ashok Leyland with a target of Rs 38 and stop loss of Rs 31, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 33, down 1.32% on the BSE.

We see a 60% probability that this is a new bull market, says Ridham Desai of Morgan Stanley on CNBC TV18. Unlike in 2003, this time it is a buy on dips market, he says. Government needs to pursue progressive reforms, he says. But may see another couple of tepid earnings season, he feels.

RNRL-RIL gas sharing case adjourned till September 1, reports NDTV Profit. Supreme Court to consider whether Third Party can intervene in the matter. RIL is trading at Rs 2015, up 4.2% and RNRL is at Rs 80, down 2.89% on the BSE.

SMC Global Securities maintains a buy call on Mahindra & Mahindra with a target of Rs 850 in two months, reports CNBC Awaaz. The stock is currently trading at Rs 798, up 2.5% on the BSE.

Hold South Indian Bank for the medium term with a target of Rs 130-135 once it crosses Rs 105, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 104, up 1.6% on the BSE.

ICICI Securities maintains a buy call on TCS with a target of Rs 525 in one year, reports CNBC Awaaz. The stock is currently trading at Rs 509, up 17.41% on the BSE.

Buy Gammon India, Sobha Developers, HCC on a correction for good long-term gains, says Rajesh Tambe of Sunchan Securities on Zee Business.

Buy Mahindra Lifespace with a target of Rs 419, says Dipan Mehta, BSE/NSE Member, on Zee Business. The stock is currently trading at Rs 300, up 7.26% on the BSE.

Bonanza maintains a buy call on BoB with a target of Rs 435 and stop loss of Rs 417, reports CNBC Awaaz. The stock is currently trading at Rs 430, up 3.5% on the BSE.

Asian markets have seen a tearing rally while European markets have opened firm. Our market is also trading on a good note. Sensex is trading at 15149, up 404 points and Nifty is at 4491, up 116 points from the previous close. CNX Midcap index is up 2.24% and BSE Smallcap index is up 2.30%. There is buying in IT, realty and banking stocks. The market breadth is positive with advances at 951 against declines of 249 on the NSE.

Hold RIL with target of Rs 2120-2140 in the next few days if the market remains in an uptrend, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 2015, up 4.2% on the BSE.

Buy Satyam with target of Rs 130, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 66, he adds. The stock is currently trading at Rs 94.35, up 5.8% on the BSE.

Buy Suzlon Energy at Rs 84-85 with target of Rs 110-125, Hitendra Vasudeo, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 95.65, up 0.1% on the BSE.

Hold TCS for good returns in the future, says Rajesh Tambe of Sunchan Securities on Zee Business. The fundamentals of this company are good, he adds. The stock is currently trading at Rs 496, up 14.4% on the BSE.

Hold TCS with target of Rs 525-540 in the next few weeks, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 495.50, up 14.3% on the BSE.

Hold Sterlite Technologies with target of Rs 250-275 in one year, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. The stock is currently trading at Rs 202.15, up 3.3% on the BSE.

Book profits in Suzlon Energy at Rs 130-140, says Paras Bothra of Ashika Stock Broking on NDTV Profit. The stock is currently trading at Rs 96.10, up 0.5% on the BSE.

Hold Glenmark Pharma and exit at Rs 250, says Pankaj Jain of Satguru Capital on Zee Business. Instead invest in Ranbaxy which is a better stock, he adds. The stock is currently trading at Rs 241, up 3.9% on the BSE.

At noon, the market is trading firm and near the day's high. Sensex is trading at 15051, up 306 points from its previous close, and Nifty is at 4462, up 87 points. CNX Midcap index is up 2.1% and BSE Smallcap index is up 2.2%. The market breadth is positive with advances at 941 against declines of 259 on the NSE.

Buy Tata Steel at Rs 300-365 with short-term target of Rs 450, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 394.65, up 0.5% on the BSE.

There has been a good run-up in the market on some financial reforms post budget, says Milind Barve of HDFC AMC on CNBC TV18. He believes that investors should still keep a close eye on earnings as it is still early to take a call of them. I think monsoon is unlikely to impact the market too much, he adds.

Hold LIC Housing Finance which will give good appreciation in the future, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 634.80, up 1.9% on the BSE.

Buy Satyam above Rs 90-92 with target of Rs 125, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 93, up 4.3% on the BSE.

Buy JSW Steel which is showing a good upmove, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep short-term target of Rs 650 he adds. The stock is currently trading at Rs 606, up 0.9% on the BSE.

Hold Jindal Steel & Power with long-term target of Rs 3000, says Pankaj Jain of Satguru Capital on Zee Business. It has good support at Rs 2250, he adds. The stock is currently trading at Rs 2645, up 0.9% on the BSE.

Buy Indiabulls Real Estate with targets of Rs 250 and then 280, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 228, up 0.8% on the BSE.

Buy Crompton Greaves at Rs 300 with target of Rs 330, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 285, he adds. The stock is currently trading at Rs 290.25, down 4.1% on the BSE.

Hold Satyam with short-term target of Rs 95, says Pankaj Jain of Satguru Capital on Zee Business. It is currently trading in the range of Rs 75-95, he adds. The stock is currently trading at Rs 93, up 4.3% on the BSE.

Buy Satyam which is looking good for the long term, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep targets of Rs 100 and then 130, he adds. The stock is currently trading at Rs 93.25, up 4.6% on the BSE.

Buy Voltas with target of Rs 140, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 120, he adds. The stock is currently trading at Rs 131.80, up 1.4% on the BSE.

Buy Bank of Baroda at Rs 415 with target of Rs 440, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Keep stop loss below Rs 400, he adds. The stock is currently trading at Rs 423.50, up 2% on the BSE.

Buy NIIT Tech with target of Rs 112, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 98, he adds. The stock is currently trading at Rs 105.55, up 1.3% on the BSE. » Send to friends


Buy Firstsource with intra-day target of Rs 24, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 21, he adds. The stock is currently trading at Rs 22.40, up 1.6% on the BSE.

Buy Karnataka Bank with target of Rs 150, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 130, he adds. The stock is currently trading at Rs 141.65, up 25 on the BSE.

Buy Shree Renuka Sugars with intra-day target of Rs 152, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 142, he adds. The stock is currently trading at Rs 145.50, up 0.5% on the BSE.


Buy ICICI Bank at Rs 743 with intra-day target of Rs 760, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 734, she adds. The stock is at Rs 742.45, up 6.8% on the BSE.

Buy Kajaria Ceramics with intra-day target of Rs 39, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 35, he adds. The stock is at Rs 36.40, up 10% on the BSE.

The TCS numbers are better than street estimates but the guidance is slightly muted, says Jagdish Malkani of Taib India on CNBC TV18. The upside for the market looks limited and I expect selling pressure above 4400 on the Nifty, he adds.

Buy Satyam at Rs 89 with intra-day target of Rs 94.50, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 87, she adds. The stock is at Rs 89.15, up 8.7% on the BSE.