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Stock tips for March 6, 2013
Godrej Industries:
SP Tulsian, sptulsian.com advises traders to go long on Godrej Industries .
Tulsian told CNBC-TV18, "Godrej Industries, Pantaloon and Financial Technology are three stocks, which are seeing short covering. I see some fundamental elements which will start panning out over all three stocks."
Balrampur Chini:
Ashu Madan, President - Core Client Group, Religare Securities is of the view that one should hold Balrampur Chini at current level.
Madan told CNBC-TV18, " Balrampur Chini is one of the better stocks in the sugar segment but I am not too overtly bullish on this stock also. Currently it is on hold and 15-20 percent up move, one should get the opportunity. One should not think that a year back or six months back or more than that if they have bought at a much higher price the fortune is going to be turnaround to that extent that you will get the rates which you have seen in the past. I don't think that would be the situation, nothing is impossible in this market but still it looks very remote. However, 15-20 percent play is definitely there and to that extent somebody should hold at this point in time."
Titan Industries;
Sudarshan Sukhani, s2analytics.com advises traders to short Titan Industries at current levels.
Sukhani told CNBC-TV18, "Titan Industries has fallen from Rs 310 to Rs 260. In any downtrend some rallies will come like we are seeing a rally in the Nifty. So we saw two days in Titan Industries. I do not put much store on it. The trend is down. So the trade here is you can go short at current levels because Titan Industries is breaking down and giving us much lower final targets."
Renuka Sugars:
Ashu Madan, President - Core Client Group, Religare Securities one should exit Shree Renuka Sugars on rally.
Madan told CNBC-TV18, "I have never been a fan of sugar sector in the past but talking about this particular query with the proposal in hand there could be some upside in these stocks and one can surely hold for some time with some gains expected out of it. If there is any move because of certain positive proposal and positive outcome out of that anybody who is holding a sugar stock should try and book limited losses or whatever profits on the table. So, I would advice currently with the proposal in place definitely Shree Renuka Sugars is a hold but I don't see much upside, maximum upside could be 15-20 percent from these levels. At current levels with some stop loss one can hold at some point in time whenever you get this kind of a gain you should get out of it."
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