SELLZydus Wellness Ltd and switch to Piramal Healthcare Ltd for better gains, says Manish Hathiramani, Technical Analyst, Kombench. Piramal healthcare has a target of Rs 550 in 8-10 months; whereas Zydus Wellness has already witnessed a good-run-up, he explains. The BSE Healthcare index closed up 0.4% from its previous close.
BUYDena Bank for a target price of Rs 103, says Manish Hathiramani, Technical Analyst, Kombench. It will face stiff resistance around Rs 87-88, he adds. The stock closed at Rs 81.20, down 0.9% on the BSE.
HOLDKaruturi Global Ltd for a price target or Rs 20.50, says Manish Hathiramani, Technical Analyst, Kombench. One can also around Rs 16-16.50, he adds. The stock closed at Rs 17.85, down 0.6% on the BSE.
SELLBharat Petroleum Corporation Ltd (BPCL) as it can fall to Rs 501-502 in the near-term, says Manish Hathiramani, Technical Analyst, Kombench. One can also buy around Rs 500, he adds. The stock closed at Rs 530.20, down 1.3% on the BSE.
BUYJagran Prakashan Ltd on dips, says Madhumita Ghosh, Head of Research, UNICON. The media sector can see bullish trends in 8-12 months, she adds. The stock closed at Rs 118.25, up 0.2% on the BSE.
SELLJagran Prakashan Ltd as it is showing bearish trends, says Manish Hathiramani, Technical Analyst, Kombench. It can fall to Rs 105-106 in the near-term, he adds. The stock closed at Rs 118.25, up 0.2% on the BSE.
BUYInfrastructure Development Finance Company Ltd (IDFC) at current levels for a target price of Rs 200 in 3-6 months, says Manish Hathiramani, Technical Analyst, Kombench. The stock closed at Rs 163.90, down 0.3% on the BSE.
BUYInfrastructure Development Finance Company Ltd (IDFC) at current levels as the company has posted good quarter results, says Madhumita Ghosh, Head of Research, UNICON. It is likely to outperform in the long-term, she adds. The stock closed at Rs 163.90, down 0.3% on the BSE.
HOLDDena Bank as it witness 15-20% upside in 6-8 months, says Madhumita Ghosh, Head of Research, UNICON. The mid-cap banking sector is showing strength, she adds. The stock closed at Rs 81.20, down 0.9% on the BSE.
HOLDKisan Mouldings Ltd as it can witness a 15-20% rally in the long-term, says Madhumita Ghosh, Head of Research, UNICON. The stock closed at Rs 62.20, down 1.4% on the BSE.
HOLDKaruturi Global Ltd as it can see a 22-25% rally in 12 months, says Madhumita Ghosh, Head of Research, UNICON. The stock closed at Rs 17.85, down 0.6% on the BSE.
HOLDElectrosteel Castings Ltd for a target price of over Rs 100 with a 6-month horizon, says Manish Hathiramani, Technical Analyst, Kombench. The stock closed at Rs 48, down 2% on the BSE.
HOLDHindustan Zinc Ltd for a target price of Rs 1450, says Manish Hathiramani, Technical Analyst, Kombench. It is showing robust movements on the technical charts, therefore, it is poised to do well, he adds. The stock closed at Rs 1228.60, up 2.9% on the BSE.
HOLDBharat Petroleum Corporation Ltd (BPCL) with the long term horizon, says Madhumita Ghosh, Head of Research, UNICON. The stock closed at Rs 530.20, down 1.3% on the BSE.
BUYElectrosteel Castings Ltd as it is available at very low P/E value compared to its peers, says Madhumita Ghosh, Head of Research, UNICON. The stock closed at Rs 48, down 2% on the BSE.
HOLDHindustan Zinc Ltd as the metal sector is showing strength, says Madhumita Ghosh, Head of Research, UNICON. Zinc will be a positive contributor to India’s high GDP growth, she adds. The stock closed at Rs 1228.60, up 2.9% on the BSE.
Meanwhile, the BSE Midcap and the BSE Smallcap indices dropped 0.1% and 0.5% respectively. Among the broader indices, the BSE IT index (up 1%) was the top gainer; whereas the BSE auto index (down 0.9%) was the biggest loser in today's trade.
The Indian bourses closed in the positive terrain reflecting gains in IT, banking and consumer durables stocks. The Sensex closed at 17167.96, higher by 69.63 points from its previous close. The Nifty closed shop at 5133.40 levels, up 17.15 points.
BUYAurobindo Pharma Ltd and Jubilant Organosys Ltd in the pharma sector, says Madhumita Ghosh, Head of Research, UNICON. They are poised to give good returns on investment in the long-term, she adds. The stock of Aurobindo Pharma closed at Rs 960.15, down 0.4% meanwhile, Jubilant closed at Rs 344.80, down 0.3% on the BSE.
BUYGAIL (India) Ltd in the oil & gas space with a long-term horizon, says Madhumita Ghosh, Head of Research, UNICON. The stock closed at Rs 418.05, up 2.3% on the BSE.
BUYPatni Computer Systems Ltd with the long-term horizon, says Madhumita Ghosh, Head of Research, UNICON. The stock closed at Rs 518.65, up 2.4% on the BSE.
The market has closed in the positive territory. The Sensex has ended at 17207.61, up 0.6% (provisional) from the previous close. Adding 0.6%, the Nifty ended at 5148.90 (provisional).
SELLMaruti Suzuki India Ltd with a target of Rs 1445 as the auto stocks are likely to see profit booking, say dealers. The stock is currently trading at Rs 1461, down 1.3% on the BSE.
BUYRashtriya Chemicals & Fertilizers Ltd on dips, says Alex Mathew, Research Head, Geojit BNP Paribas. It has support at Rs 78-81, he adds. The stock is currently trading at Rs 83.80, down 2.8% on the BSE.
The Sensex is currently at 17129.62, up 0.2% from the previous close. Adding 0.2%, the Nifty is 5124.60. However, both the BSE Midcap and Smallcap indices are down 0.1% each.
AVOIDRashtriya Chemicals & Fertilizers Ltd, says KN Rahaman, Deputy Research Head, Way2Wealth. The stock is currently trading at Rs 83.95, down 2.7% on the BSE.
BUYCentury Plyboards (India) Ltd with a stop loss of Rs 46, says Alex Mathew, Research Head, Geojit BNP Paribas. The stock is currently trading at Rs 54, up 13.7% on the BSE.
SELLSimplex Projects Ltdat Rs 230-245, says Alex Mathew, Research Head, Geojit BNP Paribas.The stock is currently trading at Rs 216.05, up 4.5% on the BSE.
BUYDeccan Chronicle Holdings Ltd with a target of Rs 194, says KR Choksey Securities. The stock is currently trading at Rs 163.05, down 0.1% on the BSE.
BUYCrew B.O.S. Products Ltd with a target of Rs 90-95, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 80.25, down 3.4% on the BSE.
Food inflation has jumped 17.81% (WoW) in the week ended 27 February. During the period, Primary Articles index was up 15.08% (WoW) while Fuel and Power index increased 11.38% (WoW).
The Sensex is currently at 17131.59, up 0.6% from the previous close. Adding 0.1%, the Nifty is at 5123.50. Both the BSE Midcap and Smallcap indices are up 0.2% and 0.3% respectively. BSE IT index (up 0.8%) is the top gainer among others.
The market has slipped. The Sensex is currently at 17092.23, down 0.04% from the previous close. Shedding 0.1%, the Nifty is at 5113.15. BSE Midcap index is down 0.01%. However, BSE Smallcap index is up 0.1%.
BUYEducomp Solutions Ltd with a target of Rs 750 and a stop loss of Rs 690, says Nirmal Bang. The stock is currently trading at Rs 714.90, up 0.02% on the BSE.
BUYJaiprakash Associates Ltd with a target of Rs 149 and a stop loss of Rs 143, says Nirmal Bang. The stock is currently trading at Rs 144.75, down 0.6% on the BSE.
The market is trading flat. The Sensex is currently at 17107.39, up 0.05% from the previous close. The Nifty is up 0.04% and is at 5118.35. Both the BSE Midcap and Smallcap indices are up 0.2% each. BSE Consumer Durables index (up 1.1%) while BSE FMCG index (down 0.6%) is the biggest loser among others.
BUYHavells India Ltd with a target of Rs 615 and a stop loss of Rs 540, says Nirmal Bang. The stock is currently trading at Rs 558.90, flat on the BSE.
The market has opened on a mute note. The Sensex opened at 17098.33, up 0.3% from the previous close. Adding a marginal 0.01%, the Nifty opened at 5116.70.
BUYACC Ltd with a target of Rs 1020 and a stop loss of Rs 1000, says Prabhudas Lilladher. The stock closed on Wednesday at Rs 1009.90, up 2.2% on the BSE.
BUYHero Honda Motors Ltd with a target of Rs 1955 and a stop loss of Rs 1928, says Prabhudas Lilladher. The stock closed on Wednesday at Rs 1929.90, up 2.9% on the BSE.
Bloomberg UTV Outlook: Markets may edge higher on the back of positive global cues. Sugar stocks and metal stocks are likely to remain in focus today. Stocks to watch out today are Man Infra and NMDC Ltd.
SELLRanbaxy Laboratories Ltd with a target of Rs 445 and a stop loss of Rs 465, says Prabhudas Lilladher. The stock closed on Wednesday at Rs 454.65, up 0.3% on the BSE.
The Asian markets are advancing after two days of flat trading. Nikkei has edged higher on exporter stocks. Kospi has clocked gains ahead of the central banks interest rate decision. Taiwan has surged higher on the chip makers.