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Trade Call: 2 Technical Intraday Stock Picks By Sumeet Bagadia On Thursday, 18th April
Stock picks for September 20, 2012
Dolat Capital is bullish on Tech Mahindra and has recommended buy rating on the stock with a target of Rs 1180 in its September 17, 2012 research report.
"Tech Mahindra announces acquisition of 51% stake in Mobile platform and VAS Solution company for Rs 2600mn widening its presence in the telecom space and offerings in the booming VAS, MCommerce segment. The positive news flow continues to reinforces our view of re-rating of the stock considering its strong business aggression organically (Dutch Telecom deal) and inorganically (Comviva and HGS Deal) to boost the revenue growth traction
Nirmal Bang has recommended hold rating on Tata Consultancy Services (TCS) with a target of Rs 1415, in its September 18, 2012 research report.
"We attended Tata Consultancy Services' (TCS) quarterly analyst meet. As per the information technology (IT) major, clients are taking decisions on IT budgets and contracts are getting cleared. TCS maintained its earlier commentary of ‘front-ended growth' in FY13. The company remains in hiring mode, as 2QFY13 has seen project ramp-ups, which could lead to an onsite shift. This, in turn, could exert pressure on margins.
Motilal Oswal is bullish on Maruti Suzuki India and has recommended buy rating on the stock with a target of Rs 1668 in its September 17, 2012 research report.
Buy Coal India on dips, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "I would avoid buying Infosys inspite of the big decline yesterday. Short sellers, professional traders can sell it on small rallies probably some more downside here."
He further added, "Coal India corrected but the charts are very different qualitatively. So it on a dip is a buying opportunity. If that dip comes today and stocks hold steady, that is applicable today also."
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