Stock Tips for today, July 21, 2011: Buy Bajaj Holding

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Stock Tips for today, July 21, 2011: Buy Bajaj Holding
The finance ministry has now officially revised downwards the GDP growth rate for this fiscal. FY12 growth is now expected at 8.6 %, revised downward from the 9% in FY12. But there will always be opportunities in the stock market to profit. Today's recommendation by different experts are as following.

Sharetipsinfo has suggested to buy Bajaj Holding with buy rating above Rs 744 with a target price of Rs 770-800 and a stop loss at Rs 732.

The website, technicalanalyisisofstocks, recommends buy on the stock of Bombay Dyeing with the target price of Rs 386 and a stop loss at Rs 365. The stocks patterns suggests it is trying to cross multiple tops.

Vaishali Parekh, Technical Analyst, Prabhudas Lilladher, stated the following stocks in Economic Times:

DLF: Here the recommendation is buy with a target price of Rs 260 and a stop loss at Rs 235. The stock has made a good base at Rs 210 levels, forming a higher top higher bottom with favourable indicators and higher volume. We recommend a buy with a closing stop loss of Rs 235 for an upside target of Rs 260.

Reliance Industries: This oil and gas major is also a buy with a target price of Rs 952 and a stop loss Rs 850. After a steep fall from Rs 1,065 levels to a low of Rs 830, the stock has remained an underperformer but has stabilised at Rs 840 levels. The stock is now showing strength and is in a rising mode with higher volume and improving indicators. Buy Reliance with a stop loss of Rs 850.

Bombay Dyeing: Parekh recommends a buy on this one with a target price of Rs 400 and a stop loss at Rs 360. The positive MACD, rising RSI and other favourable indicators with higher volume in the daily chart show a likeliness of a breakout above Rs 386 for the stock to touch the level of Rs 400. The stop loss is placed at Rs 360.

IRB Infra: The infrastrucure company has a recommendation of buy with a target price of Rs 200 and a stop loss at Rs 181. Apositive divergence in the weekly chart and a higher bottom, higher top formation with very high volume in daily chart show strength for the stock to see the level of Rs 200. We recommend a buy at the current level and also on a decline with stop loss of Rs 181.

GSPL: The recommendation for this company is also a buy with a target price of Rs 100 and a stop loss at Rs 94. The stock has been seeing a fresh round of upside move with higher volume and improving indicators. The hourly chart also shows a move above moving averages of various periodicities, indicating further strength. Buy GSPL with a closing stop loss of Rs 94.

Firstpost have chosen the following stocks to keep an eye on for today: Bank of Baroda, IDFC, ITC, Bombay Dyeing, CESC, Biocon, Hexaware, Educomp and National Aluminium.

Your feedback is valuable to us. Mail at money@oneindia.co.in

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.

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