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CMP: Rs 165Target price: Rs 245Citigroup has maintained its ‘buy’ rating on Jubilant with a price target of Rs 245, after interacting with the management in a recent analyst meet. “Jubilant reiterated its FY10 guidance & outlined its strategy to achieve sales & PAT growth of 15% & 26% CAGRs (compounded annual growth rate) over [...]
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CMPRs 155.75Target price: Rs 242IDFC-SSKI Securities has reinitiated coverage on Essar Oil with an ‘outperformer’ rating and price target of Rs 242. “Our optimism on the stock stems from the potential size and scale of the business, along with an attractive E&P portfolio,” the institutional brokerage said. “We see E&P proving to be a significant [...]
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CMP: Rs 287.50 Target price: Rs 302GAIL is an outperformer vis-a-vis its peers at Enam Securities with an ‘upgraded’ price target of Rs 302 against Rs 265 earlier. Explaining the rationale behind the positive outlook, the brokerage said, “GAIL gas volumes are likely to increase to 132 mmscmd by FY11 on account of higher gas [...]
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Prabhudas Lilladher has maintained its Accumulate rating on Reliance Industries even as the Bombay High Court gave its judgment in the favour of Reliance Natural Resources in the gas supply case. “As per the hearing, RIL will supply 28mmscmd KG basin gas to RNRL for a period of 17 years. This is likely to have [...]
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Nirmal Bang has advised traders to buy Tata Steel on dip with a stoploss of Rs 410. “Buy Tata Steel on dips with stoploss of Rs 410. Resistance is seen at Rs 445 and if it maintains above Rs 445 then next target is Rs 470,” said the technical note.
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IndiaInfoline has advised traders to go long on Cipla June future at Rs 252. “Go long on Cipla June future at Rs 252 for the target price of Rs 268 and keep stoploss placed at Rs 248.Lot size: 1,250Remarks: Net maximum profit of Rs20,000 and net maximum loss Rs5,000,” said India Infoline report. Note: The [...]
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India Infoline has advised ‘high risk traders to sell Strides Arcolab with stoploss of Rs 124. “On the daily chart, Strides Arcolab has given a bullish breakout. A detailed analysis of the volumes of Strides Arcolab reveals that maximum interest has been displayed by the traders in this stock since last week of May 2009. [...]
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Buy BPCL on dips with stoploss below Rs 410: FinquestFinquest Securities has advised traders to buy BPCL on dips with stoploss belowRs 410.“Bullish Piercing formed in BPCL at 55 day EMA at Rs 412 indicates strong support at Rs 410-415 zone. BPCL is likely to move up on relief rally towards Rs 452/465 as long [...]
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PINC Research has recommended a buy rating on Housing Development and Infrastructure, (HDIL) with a price target of Rs 365 in its report dated May 25, 2009. “Housing Development & Infrastructure Ltd’s (HDIL) Q4FY09 results were below our expectations. Its revenues declined 63.3% YoY to Rs 3.6 billion owing to a slowdown in the Mumbai [...]
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Ambareesh Baliga of Karvy Stock Broking says Stock-specific, we would say it’s NTPC, BHEL, L&T, Infy, SBI and P&B. In infrastructure, it’s GMR and Punj Lloyd. Samir Arora of Helios Capital advises investors to have a 15-20% exposure to gold, as the yellow metal will do well in next 1-2 years. He is bullish on [...]
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