HOLDNational Aluminium Company Ltd (Nalco) for a target price of Rs 420-425, says Alex Mathew, Head of Research, Geojit BNP Paribas Financial Services. One can also buy below Rs 400, he adds. The stock is currently trading at Rs 402, up 1.6% on the BSE.
SELLNational Aluminium Company Ltd (Nalco) as it has witnessed a good rally, says Madhumita Ghosh, Head of Research, UNICON. One can also buy on dips, he adds. The stock is currently trading at Rs 403.50, up 1.9% on the BSE.
HOLDCairn India Ltd for a target price of Rs 285-287, says Prakash Gaba, Technical Analyst. It has support at Rs 260-255, he adds. He further says it has remained in a sideways zone for the past one year; therefore, upmove is quite restricted. The stock is currently trading at Rs 277.35, up 0.5% on the BSE.
BUY banking, auto, auto ancillary stocks with a long-term investment bet, says Kashyap Pujara, PMS- Fund Manager, Enam Direct Securities. These sectors are likely to outperform in the long-run, he adds.
BUYUnitech Ltd on dips, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. It has a target of Rs 90 in the long-term, he adds. The stock is currently trading at Rs 74, down 0.3% on the BSE.
The markets have pared losses following marginal gains in IT and FMCG stocks. The Sensex is currently at 17163.51, lower by 3.1 points from its previous close. The Nifty is currently at 5136.35, down 0.6 points.
BUYTech Mahindra Ltd for a target price of Rs 900-940, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs down 0.1% on the BSE.
Bharat Heavy Electricals Ltd (BHEL) has secured an order worth Rs 3348 crore from Indian Oil Corporation Ltd (IOC) to set up a 376 megawatts power plant. The stock of BHEL is at Rs 2377, down 0.2% and IOC is at Rs 299.80, down 1.3% on the BSE.
BUYAksh Optifibre Ltd for a target price of Rs 26-27, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The stock is currently trading at Rs 21.65, up 17.3% on the BSE
The markets are expected to remain volatile in the near term, says Kashyap Pujara, PMS- Fund Manager, Enam Direct Securities. The Sensex is likely to remain rangebound between 16,000 and 20,000 levels in 6-12 months, he adds.
AVOIDNMDC Ltd as it is showing weakness on the daily as weekly charts, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. It can fall to Rs 290, he adds. The stock is currently trading at Rs 348, down 4% on the BSE.
SELLGVK Power & Infrastructure Ltd for a target price of Rs 40, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The stock is currently trading at Rs 41.65, down 2% on the BSE.
SELLSuzlon Energy Ltd for a target price of Rs 65-60, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. It is likely to witness a steep fall in the short-term, he adds. The stock is currently trading at Rs 73.65, down 2.6% on the BSE.
At noon, the markets continue their lacklustre trade. The Sensex has declined 56.24 points from its previous close to 17109.90. The Nifty has fallen 23.80 points to 5513.65 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices are currently down 1% and 0.6% respectively.
BUYITC Ltd around Rs 265-270 as a long-term investment bet, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. Keep a stop loss at Rs 240, he adds. The stock is currently trading at Rs 259.80, up 0.5% on the BSE.
HOLDFortis Healthcare Ltd for a target price of Rs 190, says Praksh Gaba, Technical Analyst. It has witnessed a significant upmove in the last few trading sessions, therefore, some profit booking around Rs 190-200 is on the cards, he adds. The stock is currently trading at Rs 179.85, down 0.8% on the BSE.
HOLDApollo Tyres Ltd for a target price of Rs 68-70, says Praksh Gaba, Technical Analyst. The stock is currently trading at Rs 63.90, up 0.9% on the BSE.
BUY frontline private sector banking stocks like Axis Bank Ltd, HDFC Bank Ltd and ICICI Bank Ltd, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. They are likely to outperform in the short to medium term, he adds. The BSE Bankex is currently down 1.2% from its previous close.
BUYABB Ltd for a target price of Rs 901, says CD Equisearch. Keep a stop loss at Rs 852, they add. The stock is currently trading at Rs 854, down 1.8% on the BSE.
BUYICICI Bank Ltd around Rs 880-870, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. It is showing strong movements on the weekly charts, he adds. The stock is currently trading at Rs 919.50, down 1.9% on the BSE.
HOLDSterlite Industries (India) Ltd for a target price of Rs 850-853, says Praksh Gaba, Technical Analyst. The stock is currently trading at Rs 827.70, flat on the BSE.
HOLDHindalco Industries Ltd for a target price of Rs 170, says Praksh Gaba, Technical Analyst. Meanwhile, it has strong support at Rs 160, he adds. The stock is currently trading at Rs 163.75, down 0.8% on the BSE.
The markets continue to trade weak mirroring losses in realty, PSU, banking and capital goods stocks. The Sensex has slipped 44.06 points from its previous close to 17122.56. The Nifty has inched down 20.01 points to 5117.10 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices are currently down 0.6% and 0.2% respectively.
BUYSasken Communication Technology Ltd for a target price of Rs 195, says CD Equisearch. Keep a stop loss at Rs 178, they add. The stock is currently trading at Rs 182.40, down 0.5% on the BSE.
BUYMIRC Electronics Ltd for a target price of Rs 18, says Arm Research. Keep a stop loss at Rs 16, they add. The stock is currently trading at Rs 17.65, up 5.1% on the BSE.
BUYIndo Tech Transformers Ltd for a target price of Rs 314, says Arm Research. Keep a stop loss at Rs 295, they add. The stock is currently trading at Rs 304.25, up 1.5% on the BSE.
SELLReliance Industries Ltd (RIL) for a target price of Rs 975, says Praksh Gaba, Technical Analyst. It will face stiff resistance around Rs 1030-1025, he adds. He further says that since markets are in a downtrend, it is likely to move with a negative bias. The stock is currently trading at Rs 1019.85, down 0.1% on the BSE.
BUYHindustan Unilever Ltd (HUL) around Rs 195-210 as a long-term investment bet, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The stock is currently trading at Rs 223, up 1.5% on the BSE.
The markets are trading in the negative terrain following weak global cues. The Sensex has declined 56.12 points from its previous close to 17113.64. The Nifty has slumped 18.85 points to 5117.65 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices have dropped 0.3% and 0.1% respectively. Metal and FMCG stocks are seeing marginal buying interest; whereas banking, metal and PSU are under selling pressure amidst early trades.
SELLBajaj Hindusthan Ltd with a target of Rs 85, says Praksh Gaba, Technical Analyst. The stock is currently trading at Rs 145.60, down 1.1% on the BSE.
The Nifty has strong support at 5090 levels, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The overall view on the 50-stock is negative, he adds. It is currently at 5116.75, down 19.25 points.
The markets have opened flattish with a negative bias. The Sensex has opened at 17166.97, lower by 25 points from its previous close. The Nifty has opened at 5137, down 5 points.
The Nifty is expected to fall to 5100 levels in today's trade, says Prakash Gaba, Technical Analyst. Meanwhile, the 50-stock index has support at 5000-4950 levels, he adds.
BUYHindustan Construction Company Ltd (HCC) for a target price of Rs 159, says Motilal Oswal. The stock closed on Friday at Rs 142.80, down 0.3% on the BSE.
The Asian markets are trading in the downtrend. The Nikkei Average is at 10732.73, down 18.53 points from its previous close. The Kospi has fallen 7.94 points from its previous close to 1649.43. Shedding 13.31 points, the Shanghai Composite is currently at 2993.76 levels. The Hang Seng has slipped 143.53 points to 21066.21 levels.
The US markets closed flattish. The Dow Jones advanced 12.85 points from its previous close to shut shop at 10624.69. The Nasdaq declined 0.8 points to end at 2367.66. The S&P 500 dropped 0.25 points to close at 1149.99 levels