Stock Tips for June 15, 2011; Buy KPIT

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Stock Tips for June 15, 2011; Buy KPIT
June 15, 2011. Experts like of Jim Rogers and Nouriel Roubini sounded grave about the world economy and in particular US. Even our very own Rakesh Jhunjhunwala sounded bearish on the Indian stocks in the short term. But as always there will be opportunites that will be created due to price fluctuation of stocks. Keeping this in mind we bring you the recommendation by some of the intra-day experts. 

The website, Technicalanalysisofstocks, recommends buy on KPIT with a target price of Rs 178 and a stop loss at Rs 166. According to their charts, it suggests a bullish engulfingpattern near minor bottom with high volume.

Sharegyan has recommended to buy JP Associate above Rs 85 with a target price of Rs 88 and place a stop loss at Rs 83.50. This is an intraday futures trade.

Meanwhile Sharetipsinfo has suggested Reliance Media for futures intraday. It recommends a buy on on the stock above Rs 135 with a target price of Rs 139-142. Place a stop loss at Rs 132.

Amit Harchkar of CMT, IIFL, recommends the following stock in Economic Times.

Power Grid: He recommends a buy on the stocks with a target price of Rs 113 and a stop loss at Rs 98.

Ranbanxy Labs: For this pharma company, Harchkar recommends a buy on the stocks with a target price of Rs 566 and a stop loss at Rs 527.

Sintex Industries: He recommends a buy on the stocks with a target price of Rs 195 and a stop loss at Rs 180.

Canara Bank: He recommends a sell on this banking stock with a target price of Rs 500 and a stop loss at Rs 528.

Escorts: He recommends a sell on the stocks with a target price of Rs 107 and a stop loss at Rs 119.

Firstpost suggests to monitor these stocks closely for the day-- Lupin, Jain Irrigation, HDFC Bank, Paper Products, Divi's Laboratories, Idea Cellular, Bajaj Hindusthan, Biocon and IFCI. Their view is as following on the stocks.

Buy Lupin if it is above Rs 442 Target price is Rs 460.

IFCI can reach the target price of Rs 52.50, but buy it above Rs 49.30.

Jain Irrigation has a sell recommendation on it, the stock is expected to go down to the level of Rs 145.

Meanwhile Biocon has the potential of touching the target of Rs 390.

Bajaj Hindusthan will touch the target of Rs 75 in the short-term.

Firstpost maintains has a target of Rs 2,450 on HDFC Bank.

Paper Products too has a target price of Rs 84 for the stock.

On Divi's Laboratories too the target price of Rs 825 is maintained for the company.

The target price of Rs 77 is also maintained on Idea Cellular.

*If you know a credible source for stock tips which you would like to be covered or you are an analyst who would like to share expert commentary and insight on our website, then mail us at money@oneindia.co.in.

**Note: Editorial team at OneIndia Money retains the right to publish.


OneIndia Money DISCLAIMER: OneIndia Money provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. OneIndia Money does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Read more about: bse, stock tips, nse, sensex, nifty
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