Stock Tips for Aug 25, 2011: Buy Kiri Inds and Indraprastha gas

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Stock Tips for Aug 25, 2011
Today there are 2 different analysts who have recommended a sell on the stock of SBI and Tata Motors. Their reasons are varied, while one has implemented the core of technical analysis in his reasoning the other has provided the information which is affecting the performance of the stocks. 

The website of technicalanalysisofstocks has suggested to buy the stock of Kiri Industries with target price of Rs 180 and a stop loss at Rs 125. The stock has been recommended because the company that is a leading manufacturer of exporters & dyes bagged a massive order worth $20 million per annum.

AK Prabhakar, Sr VP-Equity Research AnandRathi Financial Services suggested the following stocks in Economic Times.

Indraprastha Gas: Buy the stock with target price of Rs 444 and a stop loss at Rs 419. The stock is trading above the 20 day moving averages (DMA) at Rs 416 and 200 DMA at Rs 340, this indicates bullishness in the stock.

Grasim industries: Here too the recommendation is to buy with a target price of Rs 2224 and stop loss at Rs 2073. With cement stocks outperforming markets, Grasim Inds is expected to reach to reach to target price very soon.

Hindustan Unilever: For this FMCG sector stock the target price is Rs 337 and stop loss at Rs 307. The stock has made a pole and flag formation, and the stock is trading near all-time high of Rs 348 breaking which would further take the upside in the price.

Tata Motors: Here the recommendation is sell with a target price of Rs 664 and a stop loss at Rs 724. The stock has corrected 25% from previous settlement making it one of the weakest among the index stocks. It has a strong support at Rs 633, its lowest level in 2010.

SBI: There is sell recommendation on this banking stock too. The target price set is Rs 1922 and a stop loss at Rs 2036. After breaking down rounding top formation near Rs 2,120, the stock has closed below Rs 2000, the lowest in past 370 trading days. It could fall below Rs 1,863 which is the 23-month low.

Firstpost has recommended the following stocks and actions.

Hindalco: Sell below Rs 145, target of Rs 140.Delay in fund raising and market pressure could send the stock back to its previous low.

SBI: Sell below Rs 1978, target of Rs 1950. As analysts are continuously downgrading the stock on poor balance sheet, the selling pressure will increase.

Tata Motors: Sell below Rs 695, target of Rs 675. A strong downgrade by Morgan Stanley has led to the fresh selling round in Tata Motors.

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