Closing Bell 27 May 2009
Strong buying activity during the final hour of trade led the Indian markets to end the day on a firm note as the BSE-Sensex ended the day higher by around 520 points, while the NSE-Nifty closed higher by about 160 points. Stocks from the mid-cap and small-cap spaces ended the day on a strong note, recording gains of 3.7% and 3.4% respectively. Buying activity was witnessed in stocks across sectors led by realty, banking and power. However stocks from the healthcare and FMCG spaces were less in favour.
Asian markets ended the day on a firm note. The European indices are currently trading in the green as well. Rupee was trading at 47.7 against the US dollar at the time of writing.
Software stocks ended the day on a firm note led by HCL Technologies, Tech Mahindra and Mphasis. As per a leading business daily, the respective managements of software majors, Infosys and Wipro expect higher demand from the domestic market and the Middle East going forward. In fact, Wipro plans to ramp up its expansion plans in the Middle East as the company expects growth to be in the region of 50% plus each year. It may be noted that the Middle East and the Indian markets are not highly penetrated as compared to the developed countries.
Auto stocks ended the day on a firm note led by Ashok Leyland, Tata Motors and M&M. A leading business daily reported that the management of Maruti Suzuki is concerned about its revenue growth coming from two of its models - Dzire and Swift. It believes that the company could face problems if this issue continued longer. The management added that Maruti’s performance in many other models was not up to the mark. Volumes of the company’s A1 models, which mainly includes the M-800, declined by 29% YoY during the year, while volumes of its C segment (includes Omni, Versa) declined by 13% YoY. On the other hand, volumes of its other two segments - A2 (which includes Alto, Wagon R, Swift, amongst others) and A3 (which includes SX4 and Dzire) grew by 54% YoY. As such, on account of the slowing volumes in the A1 and C segments, the company is trying to boost volumes by targeting the rural areas.
Consulting firm McKinsey in its latest report has stated that it expects the Indian pharmaceutical industry to grow rapidly in the coming years. It believes that the demand will largely grow in the domestic market. It expects the market to grow by at least 10% YoY to 12% YoY. In addition, the firm stated that it expects large pharma companies to weather the slowdown in the economy as they have comfortable cash positions. However, it expects smaller and highly leveraged firms to be under pressure.
The Indian markets continued to trade in the positive territory on account of sustained buying activity witnessed during the previous two hours of trade. Stocks from the telecom, power and construction sectors are leading the pack of gainers, while select stocks from the cement and FMCG sectors are trading lower. The overall advance to decline ratio is poised at 4.3 to 1 on the BSE.
The BSE-Sensex and the NSE-Nifty are trading higher, up by around 390 points and 95 points respectively. The BSE-Midcap and BSE-Smallcap are also trading higher, up by around 2.9% and 2.6% respectively. The rupee is trading at 47.66 to the dollar.
Energy stocks are trading firm led by ONGC, GAIL and Reliance Industries. As per a leading business daily, the government is likely to double the prices of natural gas sold through the administered price mechanism (APM) to US$ 4.2 per m British thermal unit. It may be noted that all the gas produced from the existing fields in nominated blocks of ONGC and OIL is treated as APM gas. It amounts to around 45 m cubic meters a day and accounts for around 34% of India’s total natural gas production. It may be noted that selling of gas under APM has resulted in huge losses for the producing companies. ONGC had accounted for a loss of around Rs 21.4 bn for its gas business in FY08 due to the same. As such, it is a positive development for the company.
Shipping stocks are trading firm led by G.E. Shipping and Mercator Lines. As per a leading business daily, Indian shipping companies are likely to face margin pressures in the coming quarters on account of a fall in tanker freight rates due to subdued oil demand. It may be noted that average freight rates of tankers have fallen by around 40% to 60% as compared to last year. Moreover, freight rates are expected to remain lower as vessel utilisation is likely to remain low in 2009.
The Indian markets held on their gains during the previous two hours of trade as buying activity was witnessed across sectors. Currently, stocks from the metals, realty and banking sectors are leading the pack of gainers, while select telecom and power stocks are trading weak. The overall advance to decline ratio is poised at 4.7 to 1 on the BSE.
The BSE-Sensex and the NSE-Nifty are trading higher, up by around 330 points and 80 points respectively. The BSE-Midcap and BSE-Smallcap are also trading higher, up by around 2.7% and 2.6% respectively. The rupee is trading at 47.66 to the dollar.
Aluminium stocks are trading firm led Nalco and Hindalco. As per a leading business daily, Nalco has cut aluminium prices to the tune of Rs 4,000 to Rs 5,000 per tonne on the back of increasing threat of imports. The company has been facing a threat from large exporters in Chinese and Bahrain markets as the Rupee has appreciated against the US dollar. This move will help the company to quote prices at parity with the imports. It may be noted that CMIE expects aluminium demand to remain firm during FY10 on account of a healthy requirement from the electrical power equipment and construction sectors. Nalco plans to cater to the growth in demand through its various expansion plans.
As per a leading business daily, ITC will have to suspend production at all it facilities in order to introduce sufficient changes in cigarettes packets to reflect the mandatory pictorial warnings from June onwards. This new packaging would mean application of more colours, which require advanced printing cylinders. This would increase the total cost of packaging by at least 15%. It will also put Indian manufacturers at a further disadvantage compared to the illegally imported cigarettes on account of the huge price gap. It may be noted that the tobacco industry is already facing turbulent times due to the economic slowdown. Adherence to the mandatory pictorial warnings will further slacken the industry’s revenues going forward. The stock of ITC is trading lower currently.
Showing posts with label Learn Investing in BSE. Show all posts
Showing posts with label Learn Investing in BSE. Show all posts
Wednesday, May 27, 2009
BSE / NSE Shares analysis
BSE / NSE SHares analysis
The bulls, with strong global cued aiding them no end, went on a rampage and guided the market to a buoyant close today. Stocks, with the exception of those from the FMCG space, had a splendid run in the positive territory as buying continued right through the session.
Better-than-expected consumer confidence data from the U.S. and strong stimulus by the Chinese government kept the mood in Asian markets pretty upbeat today.
The Sensex ended at 14,095.97 (provisional) with a thumping gain of 506.74 points or 3.73%. The index, which opened nearly 200 points up today, hit a high of 14,122.78. The Nifty closed at 4274.60, up 157.90 points or 3.84% over its previous close.
Realty, bank, power, metal, capital goods and PSU stocks ended with strong gains. IT, consumer durables, oil, auto and pharma stocks also closed on a high note.
Reliance Infrastructure shot up by nearly 15%. Sterlite, ONGC and DLF gained 8.5% - 9.5%. Grasim and Ranbaxy moved up by over 7%.
ICICI Bank, HDFC Bank, SBI, JP Associates, Tata Motors, L&T, HDFC, RComm, RIL, Infosys, TCS, Tata Steel, Tata Power and M&M closed on a high note.
RPower, Idea Cellular, HCL Tech, Siemens, Reliance Capital, Axis Bank, Nalco, Cairn India, Unitech, Suzlon, GAIL India, RPL, BPCL and Power Grid Corporation finished with strong gains.
Buying has gathered tremendous momentum in late afternoon trade and the Sensex now looks set to end on an upbeat note. The barometer, which zoomed to 14,122.78 on aggressibe buying in blue chips, is up by over 500 points or 3.72% at 14,095.22 now. The Nifty is up 154.50 points or 3.75% at 4271.20.
Reliance Infra, RPower, Idea, Sterlite, ONGC, HCL Tech, DLF, Grasim, Reliance Capital and Ranbaxy have gained 7% - 14.5% now. ICICI Bank, SBI, JP Associates, HDFC Bank, Tata Motors, L&T, BHEL, HDFC, RComm, TCS, Infosys, Tata Steel, Tata Power and M&M are also up with strong gains.
Finance minister Pranab Mukherjee has stated that he will present the full budget for 2009-10 in the first week of July and that reviving growth momentum of the economy will be the top priority for the government but revival would not be at the cost of fiscal prudence.
Mukherjee said the UPA had in its manifesto committed to presenting the budget within 45 days of formation of the government. Keeping that deadline in mind, the budget for 2009-10 will be presented in the first week of July, he said, adding the government would endeavour for the budget to be passed before July 31.
GMR Infrastructure Ltd has informed that GMR Kamalanga Energy Ltd, a subsidiary of the Company achieved financial closure. The GMR Infra stock (up 4.2% at Rs 164) is a good buy at 20 - 30% down from its current levels. Though one can expect some decent gains in the near run, a strong corrective spell is not ruled out.
Godfrey Phillips India Ltd, a flagship company of K K Modi group, is planning to invest around Rs 270 crore on distribution, retail and other areas as part of its entry into new markets in the country.
The company is also setting up a manufacturing plant with an investment of around Rs 200 crore in Thane, Mumbai. The cigarette manufacturer today launched its Four Square Kings and Four Square Gold brands for the Tamil Nadu market.
On expectations the Union Budget, to be presented early July, will turn out to be quite market friendly, investors are seen picking up stocks with renewed vigour. Action ahead of May series derivatives expiry has also contributed to the surge.
RNRL (Rs 80) can move on to Rs 93 and some strength there can result in a rise to Rs 105 or even higher. On the downside, the stock has good support near Rs 60. Long term investors can hold the stock with a stop loss there.
Simplex Projects has recently bagged some major contracts for construction of bridges over rivers and Automatic Multi-level Car Parking facility from Government of Tripura for construction of bridges over rivers under different packages for an approximate value of Rs 113 crore and from New Okhla Industrial Development Authority for design, construction, operation and maintenance (for a period of 20 years) Multi-level Automatic Car Parking facility at Sector-38, Noida for an approximate value of Rs 93 crore.
With these orders, the total outstanding order book position, including international orders, stands at Rs 3000 crore as on date. These orders are to be executed over the next three years.
MRPL has posted a net profit of Rs 6076.20 million for the quarter ended March 31, 2009 as compared to Rs 2253.30 million for the quarter ended March 31, 2008. Total Income (net of excise) has decreased from Rs 95320.00 million for the quarter ended March 31, 2008 to Rs 66059.50 million for the quarter ended March 31, 2009. The stock is up by over 6% at Rs 69.70 at present.
Sesa Goa (Rs 165) has support at Rs 153 - 155. A breach there can result in a fall to Rs 135 or even lower. On the upside, the stock can rise to Rs 193 where it is likely to face some resistance.
NLC (Rs 133.65) can move on to a new 52-week high shortly. The stock had hit a high of Rs 150.75 in late May 2008. It then tumbled to Rs 44.50 on 27 October that year. One looking for some solid gains over a medium or long term can go in for NLC at current levels.
Before the budget, the market is likely to see some big rallies like the one it is witnessing today. One running in profits would do well to book some at sharp rallies. A re-entry can be made later as some corrective spells are not ruled out in the next couple of weeks.
Gammon Infrastructure Projects Ltd has informed that Rajahmundry Godavari Bridge Ltd, the SPV incorporated for implementing the project for designing, constructing, financing, operating and maintaining a major bridge across the river Godavari connecting Rajahmundry and Kovvur in Andhra Pradesh has achieved the 'Financial Closure' for its project with a consortium of bankers for an aggregate loan amount of upto Rs 566 crores.
The Project, costing Rs 861 crore, is entitled to a Central Government grant of Rs 118.6 crore and a grant of Rs 88.95 crore from the Government of Andhra Pradesh. The Project is on BOT basis for a period of 25 years, including a construction period of 3 years.
Anu's Laboratories Ltd has informed that a meeting of the Board of Directors of the Company will be held on June 03, 2009, to consider the issue of bonus shares and raising of additional funds by way of issue of debt, equity or any other security in one or more tranches as the Board may deem fit. The Board will also consider increasing the authorized capital of the Company.
Cummins India (Rs 269) can move up sharply over a medium run. Investors holding the stock can stay invested and look at buying more at sharp declines. Long term investors can place a stop loss near Rs 150.
One can go in for cement and infrastructure stocks with a medium term plan. Ambuja Cements, Ultratech, ACC, Dalmia Cements, India Cements and Rain Commodities look good. A modest exposure can be tried now and more can be bought at declines. Among infra stocks, GTL Infra, Gammon, IVRCL Infrastructure and GMR look set for a sharp upmove.
Nucleus Software has announced that Bank of Philippine Islands has chosen the company's FinnOne Customer Acquisition System - Corporate SMD module to support loans evaluation and origination process for the bank's small and medium enterprise clients.
Nucleus Software has been chosen for the task considering its expertise in technology focused on the SME sector. The stock has gained over 5% at Rs 91.25 at present.
The Sensex zoomed to 13,943.45 after opening nearly 200 points up at 13,780.41. At 13,932.15, the barometer is up by 342.92 points or 2.52% at present.
The Nifty has vaulted to 4220.60, gaining more than 100 points or 2.44%.
On Tuesday, the Sensex and Nifty had ended lower by 3.35% and 2.85% respectively.
Market Outlook
The market is likely to open with a big positive gap this morning on strong global cues. There may be some profit taking at higher levels, but the undertone is likely to remain fairly upbeat right through the day.
Sector Watch
Power stocks are likely to gain ground. Bank stocks may see some listless trades, but are most likely to trade in the positive zone for a better part of the session. Realty and capital goods stocks will be in focus. Select technology and metal stocks may move up.
Scrip Watch
Cummins India Limited has posted a net profit after tax of Rs 118.18 crore for the quarter ended March 31, 2009 where as the same was at Rs 75.6 crore for the quarter ended March 31, 2008. Total income increased to Rs 1072.16 crore for the quarter ended March 31, 2009 from Rs 716.39 crore it had earned for the quarter ended March 31, 2008. The board of the company has recommended a final dividend of Rs 2.60 per share of Rs 2 each (130%) aggregating to Rs 9 per share of Rs 2 each (450%) for the year ended Match 31 2009.
Tata Communications may move up sharply on strong quarterly numbers. The company has reported a sharp rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 5.14 times to Rs 3,023.70 million from Rs 588.60 million in the same quarter last year. The EPS was at 10.61, up by over 5 times year-on-year.
Reliance Power may see action on reports that the company is likely to earn more than Rs 40 billion over the next 10 years by selling carbon credits from its upcoming Sasan power project in Madhya Pradesh.
BHEL, Cairn India, Jindal Steel, NIIT, MRPL, Asahi India, Britannia Industries, Panacea Biotec, Indraprastha Gas, Godrej Industries, Emco and Tamil Nadu Newsprint & Papers will be announcing their results today.
Macro and Market Factors
The strong rally on Wall Street on the back of buoyant consumer confidence data and the resultant surge in Asian markets is likely to bring the bulls back to the ring this morning. Expiry of May series derivatives contracts is not far away and one can expect some hectic short-covering following the huge setback in the previous session.
The bulls, with strong global cued aiding them no end, went on a rampage and guided the market to a buoyant close today. Stocks, with the exception of those from the FMCG space, had a splendid run in the positive territory as buying continued right through the session.
Better-than-expected consumer confidence data from the U.S. and strong stimulus by the Chinese government kept the mood in Asian markets pretty upbeat today.
The Sensex ended at 14,095.97 (provisional) with a thumping gain of 506.74 points or 3.73%. The index, which opened nearly 200 points up today, hit a high of 14,122.78. The Nifty closed at 4274.60, up 157.90 points or 3.84% over its previous close.
Realty, bank, power, metal, capital goods and PSU stocks ended with strong gains. IT, consumer durables, oil, auto and pharma stocks also closed on a high note.
Reliance Infrastructure shot up by nearly 15%. Sterlite, ONGC and DLF gained 8.5% - 9.5%. Grasim and Ranbaxy moved up by over 7%.
ICICI Bank, HDFC Bank, SBI, JP Associates, Tata Motors, L&T, HDFC, RComm, RIL, Infosys, TCS, Tata Steel, Tata Power and M&M closed on a high note.
RPower, Idea Cellular, HCL Tech, Siemens, Reliance Capital, Axis Bank, Nalco, Cairn India, Unitech, Suzlon, GAIL India, RPL, BPCL and Power Grid Corporation finished with strong gains.
Buying has gathered tremendous momentum in late afternoon trade and the Sensex now looks set to end on an upbeat note. The barometer, which zoomed to 14,122.78 on aggressibe buying in blue chips, is up by over 500 points or 3.72% at 14,095.22 now. The Nifty is up 154.50 points or 3.75% at 4271.20.
Reliance Infra, RPower, Idea, Sterlite, ONGC, HCL Tech, DLF, Grasim, Reliance Capital and Ranbaxy have gained 7% - 14.5% now. ICICI Bank, SBI, JP Associates, HDFC Bank, Tata Motors, L&T, BHEL, HDFC, RComm, TCS, Infosys, Tata Steel, Tata Power and M&M are also up with strong gains.
Finance minister Pranab Mukherjee has stated that he will present the full budget for 2009-10 in the first week of July and that reviving growth momentum of the economy will be the top priority for the government but revival would not be at the cost of fiscal prudence.
Mukherjee said the UPA had in its manifesto committed to presenting the budget within 45 days of formation of the government. Keeping that deadline in mind, the budget for 2009-10 will be presented in the first week of July, he said, adding the government would endeavour for the budget to be passed before July 31.
GMR Infrastructure Ltd has informed that GMR Kamalanga Energy Ltd, a subsidiary of the Company achieved financial closure. The GMR Infra stock (up 4.2% at Rs 164) is a good buy at 20 - 30% down from its current levels. Though one can expect some decent gains in the near run, a strong corrective spell is not ruled out.
Godfrey Phillips India Ltd, a flagship company of K K Modi group, is planning to invest around Rs 270 crore on distribution, retail and other areas as part of its entry into new markets in the country.
The company is also setting up a manufacturing plant with an investment of around Rs 200 crore in Thane, Mumbai. The cigarette manufacturer today launched its Four Square Kings and Four Square Gold brands for the Tamil Nadu market.
On expectations the Union Budget, to be presented early July, will turn out to be quite market friendly, investors are seen picking up stocks with renewed vigour. Action ahead of May series derivatives expiry has also contributed to the surge.
RNRL (Rs 80) can move on to Rs 93 and some strength there can result in a rise to Rs 105 or even higher. On the downside, the stock has good support near Rs 60. Long term investors can hold the stock with a stop loss there.
Simplex Projects has recently bagged some major contracts for construction of bridges over rivers and Automatic Multi-level Car Parking facility from Government of Tripura for construction of bridges over rivers under different packages for an approximate value of Rs 113 crore and from New Okhla Industrial Development Authority for design, construction, operation and maintenance (for a period of 20 years) Multi-level Automatic Car Parking facility at Sector-38, Noida for an approximate value of Rs 93 crore.
With these orders, the total outstanding order book position, including international orders, stands at Rs 3000 crore as on date. These orders are to be executed over the next three years.
MRPL has posted a net profit of Rs 6076.20 million for the quarter ended March 31, 2009 as compared to Rs 2253.30 million for the quarter ended March 31, 2008. Total Income (net of excise) has decreased from Rs 95320.00 million for the quarter ended March 31, 2008 to Rs 66059.50 million for the quarter ended March 31, 2009. The stock is up by over 6% at Rs 69.70 at present.
Sesa Goa (Rs 165) has support at Rs 153 - 155. A breach there can result in a fall to Rs 135 or even lower. On the upside, the stock can rise to Rs 193 where it is likely to face some resistance.
NLC (Rs 133.65) can move on to a new 52-week high shortly. The stock had hit a high of Rs 150.75 in late May 2008. It then tumbled to Rs 44.50 on 27 October that year. One looking for some solid gains over a medium or long term can go in for NLC at current levels.
Before the budget, the market is likely to see some big rallies like the one it is witnessing today. One running in profits would do well to book some at sharp rallies. A re-entry can be made later as some corrective spells are not ruled out in the next couple of weeks.
Gammon Infrastructure Projects Ltd has informed that Rajahmundry Godavari Bridge Ltd, the SPV incorporated for implementing the project for designing, constructing, financing, operating and maintaining a major bridge across the river Godavari connecting Rajahmundry and Kovvur in Andhra Pradesh has achieved the 'Financial Closure' for its project with a consortium of bankers for an aggregate loan amount of upto Rs 566 crores.
The Project, costing Rs 861 crore, is entitled to a Central Government grant of Rs 118.6 crore and a grant of Rs 88.95 crore from the Government of Andhra Pradesh. The Project is on BOT basis for a period of 25 years, including a construction period of 3 years.
Anu's Laboratories Ltd has informed that a meeting of the Board of Directors of the Company will be held on June 03, 2009, to consider the issue of bonus shares and raising of additional funds by way of issue of debt, equity or any other security in one or more tranches as the Board may deem fit. The Board will also consider increasing the authorized capital of the Company.
Cummins India (Rs 269) can move up sharply over a medium run. Investors holding the stock can stay invested and look at buying more at sharp declines. Long term investors can place a stop loss near Rs 150.
One can go in for cement and infrastructure stocks with a medium term plan. Ambuja Cements, Ultratech, ACC, Dalmia Cements, India Cements and Rain Commodities look good. A modest exposure can be tried now and more can be bought at declines. Among infra stocks, GTL Infra, Gammon, IVRCL Infrastructure and GMR look set for a sharp upmove.
Nucleus Software has announced that Bank of Philippine Islands has chosen the company's FinnOne Customer Acquisition System - Corporate SMD module to support loans evaluation and origination process for the bank's small and medium enterprise clients.
Nucleus Software has been chosen for the task considering its expertise in technology focused on the SME sector. The stock has gained over 5% at Rs 91.25 at present.
The Sensex zoomed to 13,943.45 after opening nearly 200 points up at 13,780.41. At 13,932.15, the barometer is up by 342.92 points or 2.52% at present.
The Nifty has vaulted to 4220.60, gaining more than 100 points or 2.44%.
On Tuesday, the Sensex and Nifty had ended lower by 3.35% and 2.85% respectively.
Market Outlook
The market is likely to open with a big positive gap this morning on strong global cues. There may be some profit taking at higher levels, but the undertone is likely to remain fairly upbeat right through the day.
Sector Watch
Power stocks are likely to gain ground. Bank stocks may see some listless trades, but are most likely to trade in the positive zone for a better part of the session. Realty and capital goods stocks will be in focus. Select technology and metal stocks may move up.
Scrip Watch
Cummins India Limited has posted a net profit after tax of Rs 118.18 crore for the quarter ended March 31, 2009 where as the same was at Rs 75.6 crore for the quarter ended March 31, 2008. Total income increased to Rs 1072.16 crore for the quarter ended March 31, 2009 from Rs 716.39 crore it had earned for the quarter ended March 31, 2008. The board of the company has recommended a final dividend of Rs 2.60 per share of Rs 2 each (130%) aggregating to Rs 9 per share of Rs 2 each (450%) for the year ended Match 31 2009.
Tata Communications may move up sharply on strong quarterly numbers. The company has reported a sharp rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 5.14 times to Rs 3,023.70 million from Rs 588.60 million in the same quarter last year. The EPS was at 10.61, up by over 5 times year-on-year.
Reliance Power may see action on reports that the company is likely to earn more than Rs 40 billion over the next 10 years by selling carbon credits from its upcoming Sasan power project in Madhya Pradesh.
BHEL, Cairn India, Jindal Steel, NIIT, MRPL, Asahi India, Britannia Industries, Panacea Biotec, Indraprastha Gas, Godrej Industries, Emco and Tamil Nadu Newsprint & Papers will be announcing their results today.
Macro and Market Factors
The strong rally on Wall Street on the back of buoyant consumer confidence data and the resultant surge in Asian markets is likely to bring the bulls back to the ring this morning. Expiry of May series derivatives contracts is not far away and one can expect some hectic short-covering following the huge setback in the previous session.
Brokers Recommendations - 27th May 2009
Buy JP Hydro with a target of Rs 120 in 3-4 months, says Rakesh Bhansal of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 67, up 7.04% on the BSE.
Hold Bharat Bijlee with a target of Rs 950 where one can exit and stop loss of Rs 840, says Rakesh Bhansal of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 920, up 6.8% on the BSE.
This is a dream market for traders who can buy on dips and sell on any sharp rally, says Sudarshan Sukhani, technical analyst, on CNBC TV18. This is a momentum market and it looks good to go to 4500 on Nifty, he feels. Buy on dips but don't make it long term, he adds.
Positive global cues help our market trade strong and look very good. Sensex is trading at 14087, up 498 points and Nifty is at 4264, up 148 points from the previous close. CNX Midcap index is up 3.01% and BSE Smallcap index is up 3.17%. The market breadth is positive with advances at 1056 against declines of 207 on the NSE.
In the power space, buy NTPC, Power Grid, REC International, ABB and Siemens for long-term gains, says Salil Sharma of Kapoor & Sharma Company on Zee Business.
Buy DLF with a target of Rs 378-390 and stop loss of Rs 348, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 363, up 7.8% on the BSE.
Hold Elecon Engineering with a target of Rs 81-89 and stop loss of Rs 67, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 80, up 9.9% on the BSE.
Buy Idea Cellular with a target of Rs 84-90 and stop loss of Rs 69, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 79, up 13.6% on the BSE.
Hold Praj Industries with a target of Rs 125 in four months, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 103, up 1.7% on the BSE.
Buy IOC with a target of Rs 595-615 and stop loss of Rs 548, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 573, up 1.6% on the BSE.
Hold PTC with a target of Rs 110 in four months where one can exit and keep a stop loss of Rs 78, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 87, up 1.9% on the BSE.
The market is looking good and trading firm. Sensex is trading at 13952, up 363 points and Nifty is at 4218, up 101 points from the previous close. CNX Midcap index is up 2.48% and BSE Smallcap index is up 2.61%. The market breadth is positive with advances at 1068 against declines of 198 on the NSE.
Buy Alok Industries with a target of Rs 28-34 and stop loss of Rs 19, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 23, up 9.6% on the BSE.
Hold DCB with a target of Rs 51 where one can exit and keep a stop loss of Rs 37, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 40, up 3.6% on the BSE.
Buy Info Edge with a target of Rs 800-825 where one can book partial profits and keep a stop loss of Rs 620, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 675, up 0.01% on the BSE.
Buy GTL Infra with a target of Rs 46-55 and keep a stop loss of Rs 37, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 41, up 1.09% on the BSE.
Simplex Projects bags two orders worth Rs 206 crore and their total order book stands at Rs 3000 crore, reports NDTV Profit. The stock is currently trading at Rs 91, up 4.99% on the BSE.
Hold RNRL with targets of Rs 90 and then 110, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 80.20, up 3.8% on the BSE.
Go short on L&T with targets of Rs 1250 and then 1210, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of Rs 1310, he adds. The stock is currently trading at Rs 1302, up 3.8% on the BSE.
Buy Balrampur Chini at Rs 80-81, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 83.25, down 2.4% on the BSE.
Book profits in Suzlon Energy and buy again on dips at Rs 72-65, says Ashu Kakkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 90.15, up 4% on the BSE.
Buy Vijaya Bank at Rs 32 with target of Rs 45, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 37.50, up 2.7% on the BSE.
I expect the markets to be range-bound in absence of any fresh triggers in the short-term, says Devesh Kumar of Centrum Broking on CNBC TV18. Investors should not expect too much from the budget as it may turn out to be a populist one, he adds.
Hold Tata Motors with stop loss of Rs 300, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 350 crossing which it can go to Rs 400 at which levels book profit, he adds. The stock is currently trading at Rs 340.35, up 4.6% on the BSE.
Go short on the Nifty with target of 4100-4075 in 2-3 trading sessions, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of 4255, he adds.
Buy Sesa Goa at Rs 150-160, says Mehraboon Irani of Centrum Broking on CNBC Awaaz. The stock is currently trading at Rs 163.35, up 5.6% on the BSE.
Buy Alok Industries on dips at Rs 18.50-19, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep target of Rs 25-26, he adds. The stock is currently trading at Rs 22.95, up 7.5% on the BSE.
Hold ICICI Bank with target of Rs 850, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 696.70, up 4.5% on the BSE.
Will return to consolidation of fiscal stance in 2-3 years, says Pranab Mukherjee, Indian Finance Minister, reports NDTV Profit. We will address long-pending measures for financial sector and meet banks on benign plan of action, interest rates, he adds. He says that the mandate of the people has provided booster dose to the government.
Buy Sterlite Industries on dips with medium-term target of Rs 690-725, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 582, up 7.8% on the BSE.
We will produce the budget within 45 days, in the first week of July, says Pranab Mukherjee, Indian Finance Minister, in his first press conference after taking over as FM in the new Government, reports NDTV Profit. We will try to complete the budget process by July 31, he adds. The top-most priority is to revive growth momentum, he says.
Buy Unitech on dips with stop loss of Rs 68, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 75.50, up 3.7% on the BSE.
Hold GMR Infra with target of Rs 210, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 163.20, up 3.7% on the BSE.
Buy DLF at Rs 315-320 with target of Rs 375-380, says Ashwani Gujral, technical analyst, on CNBC TV. The stock is currently trading at Rs 357.60, up 6.1% on the BSE.
Hold AIA Engineering with stop loss of Rs 200, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 235 crossing which it can go to Rs 250 at which levels book profit, he adds. The stock is currently trading at Rs 224.80, up 4.7% on the BSE.
Buy DLF with target of Rs 395-400, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 320, he adds. The stock is currently trading at Rs 355.50, up 5.5% on the BSE.
Buy Bombay Dyeing on dips at Rs 230-235, says Ashwani Gujral, technical analyst, on CNBC TV18. It has resistance at Rs 355, he adds. The stock is currently trading at Rs 313, up 7.9% on the BSE
Buy NTPC with targets of Rs 215 and then 230, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 201.70, up 0.2% on the BSE.
Hold Aban Offshore with stop loss of Rs 800, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 900 crossing which it can go to Rs 1050 at which levels book profit, he adds. The stock is currently trading at Rs 881, up 3.2% on the BSE.
Buy Dish TV with stop loss of Rs 42, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 47.30, up 3.7% on the BSE.
Buy Neyveli Lignite with intra-day target of Rs 140, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 128, he adds. The stock is currently trading at Rs 135, up 3.1% on the BSE.
Buy Hindalco with intra-day target of Rs 84-87, says Rajat Bose, technical analyst, on CNBC Awaaz. Medium-term target is Rs 115-120, he adds. The stock is currently trading at Rs 83.50, up 4.5% on the BSE.
Buy Escorts with intra-day target of Rs 65, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 55, he adds. The stock is currently trading at Rs 61.80, up 5.3% on the BSE.
Buy Uttam Galva with intra-day target of Rs 47, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 41.50, he adds. The stock is currently trading at Rs 45.65, up 5.4% on the BSE.
Buy Infosys at Rs 1548 with target of Rs 1570, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 1530, she adds. The stock is at Rs 1543.20, up 2.3% on the BSE.
Buy Bharti Airtel at Rs 771 with target of Rs 797, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 760, she adds. The stock is at Rs 770.40, down 5.1% on the BSE.
Hold Bharat Bijlee with a target of Rs 950 where one can exit and stop loss of Rs 840, says Rakesh Bhansal of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 920, up 6.8% on the BSE.
This is a dream market for traders who can buy on dips and sell on any sharp rally, says Sudarshan Sukhani, technical analyst, on CNBC TV18. This is a momentum market and it looks good to go to 4500 on Nifty, he feels. Buy on dips but don't make it long term, he adds.
Positive global cues help our market trade strong and look very good. Sensex is trading at 14087, up 498 points and Nifty is at 4264, up 148 points from the previous close. CNX Midcap index is up 3.01% and BSE Smallcap index is up 3.17%. The market breadth is positive with advances at 1056 against declines of 207 on the NSE.
In the power space, buy NTPC, Power Grid, REC International, ABB and Siemens for long-term gains, says Salil Sharma of Kapoor & Sharma Company on Zee Business.
Buy DLF with a target of Rs 378-390 and stop loss of Rs 348, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 363, up 7.8% on the BSE.
Hold Elecon Engineering with a target of Rs 81-89 and stop loss of Rs 67, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 80, up 9.9% on the BSE.
Buy Idea Cellular with a target of Rs 84-90 and stop loss of Rs 69, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 79, up 13.6% on the BSE.
Hold Praj Industries with a target of Rs 125 in four months, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 103, up 1.7% on the BSE.
Buy IOC with a target of Rs 595-615 and stop loss of Rs 548, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 573, up 1.6% on the BSE.
Hold PTC with a target of Rs 110 in four months where one can exit and keep a stop loss of Rs 78, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 87, up 1.9% on the BSE.
The market is looking good and trading firm. Sensex is trading at 13952, up 363 points and Nifty is at 4218, up 101 points from the previous close. CNX Midcap index is up 2.48% and BSE Smallcap index is up 2.61%. The market breadth is positive with advances at 1068 against declines of 198 on the NSE.
Buy Alok Industries with a target of Rs 28-34 and stop loss of Rs 19, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 23, up 9.6% on the BSE.
Hold DCB with a target of Rs 51 where one can exit and keep a stop loss of Rs 37, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 40, up 3.6% on the BSE.
Buy Info Edge with a target of Rs 800-825 where one can book partial profits and keep a stop loss of Rs 620, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 675, up 0.01% on the BSE.
Buy GTL Infra with a target of Rs 46-55 and keep a stop loss of Rs 37, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 41, up 1.09% on the BSE.
Simplex Projects bags two orders worth Rs 206 crore and their total order book stands at Rs 3000 crore, reports NDTV Profit. The stock is currently trading at Rs 91, up 4.99% on the BSE.
Hold RNRL with targets of Rs 90 and then 110, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 80.20, up 3.8% on the BSE.
Go short on L&T with targets of Rs 1250 and then 1210, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of Rs 1310, he adds. The stock is currently trading at Rs 1302, up 3.8% on the BSE.
Buy Balrampur Chini at Rs 80-81, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 83.25, down 2.4% on the BSE.
Book profits in Suzlon Energy and buy again on dips at Rs 72-65, says Ashu Kakkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 90.15, up 4% on the BSE.
Buy Vijaya Bank at Rs 32 with target of Rs 45, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 37.50, up 2.7% on the BSE.
I expect the markets to be range-bound in absence of any fresh triggers in the short-term, says Devesh Kumar of Centrum Broking on CNBC TV18. Investors should not expect too much from the budget as it may turn out to be a populist one, he adds.
Hold Tata Motors with stop loss of Rs 300, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 350 crossing which it can go to Rs 400 at which levels book profit, he adds. The stock is currently trading at Rs 340.35, up 4.6% on the BSE.
Go short on the Nifty with target of 4100-4075 in 2-3 trading sessions, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of 4255, he adds.
Buy Sesa Goa at Rs 150-160, says Mehraboon Irani of Centrum Broking on CNBC Awaaz. The stock is currently trading at Rs 163.35, up 5.6% on the BSE.
Buy Alok Industries on dips at Rs 18.50-19, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep target of Rs 25-26, he adds. The stock is currently trading at Rs 22.95, up 7.5% on the BSE.
Hold ICICI Bank with target of Rs 850, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 696.70, up 4.5% on the BSE.
Will return to consolidation of fiscal stance in 2-3 years, says Pranab Mukherjee, Indian Finance Minister, reports NDTV Profit. We will address long-pending measures for financial sector and meet banks on benign plan of action, interest rates, he adds. He says that the mandate of the people has provided booster dose to the government.
Buy Sterlite Industries on dips with medium-term target of Rs 690-725, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 582, up 7.8% on the BSE.
We will produce the budget within 45 days, in the first week of July, says Pranab Mukherjee, Indian Finance Minister, in his first press conference after taking over as FM in the new Government, reports NDTV Profit. We will try to complete the budget process by July 31, he adds. The top-most priority is to revive growth momentum, he says.
Buy Unitech on dips with stop loss of Rs 68, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 75.50, up 3.7% on the BSE.
Hold GMR Infra with target of Rs 210, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 163.20, up 3.7% on the BSE.
Buy DLF at Rs 315-320 with target of Rs 375-380, says Ashwani Gujral, technical analyst, on CNBC TV. The stock is currently trading at Rs 357.60, up 6.1% on the BSE.
Hold AIA Engineering with stop loss of Rs 200, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 235 crossing which it can go to Rs 250 at which levels book profit, he adds. The stock is currently trading at Rs 224.80, up 4.7% on the BSE.
Buy DLF with target of Rs 395-400, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 320, he adds. The stock is currently trading at Rs 355.50, up 5.5% on the BSE.
Buy Bombay Dyeing on dips at Rs 230-235, says Ashwani Gujral, technical analyst, on CNBC TV18. It has resistance at Rs 355, he adds. The stock is currently trading at Rs 313, up 7.9% on the BSE
Buy NTPC with targets of Rs 215 and then 230, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 201.70, up 0.2% on the BSE.
Hold Aban Offshore with stop loss of Rs 800, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 900 crossing which it can go to Rs 1050 at which levels book profit, he adds. The stock is currently trading at Rs 881, up 3.2% on the BSE.
Buy Dish TV with stop loss of Rs 42, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 47.30, up 3.7% on the BSE.
Buy Neyveli Lignite with intra-day target of Rs 140, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 128, he adds. The stock is currently trading at Rs 135, up 3.1% on the BSE.
Buy Hindalco with intra-day target of Rs 84-87, says Rajat Bose, technical analyst, on CNBC Awaaz. Medium-term target is Rs 115-120, he adds. The stock is currently trading at Rs 83.50, up 4.5% on the BSE.
Buy Escorts with intra-day target of Rs 65, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 55, he adds. The stock is currently trading at Rs 61.80, up 5.3% on the BSE.
Buy Uttam Galva with intra-day target of Rs 47, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 41.50, he adds. The stock is currently trading at Rs 45.65, up 5.4% on the BSE.
Buy Infosys at Rs 1548 with target of Rs 1570, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 1530, she adds. The stock is at Rs 1543.20, up 2.3% on the BSE.
Buy Bharti Airtel at Rs 771 with target of Rs 797, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 760, she adds. The stock is at Rs 770.40, down 5.1% on the BSE.
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