April 15 stock tips: Infosys, TCS and more

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April 15 stock tips: Infosys, TCS and more
Infosys: Quotes, News
BSE 984.75BSE Quote18.15 (1.84%)
NSE 984.65NSE Quote18.25 (1.85%)
Tata Consultancy Services: Quotes, News
BSE 2196.90BSE Quote38.7 (1.76%)
NSE 2195.75NSE Quote41.2 (1.88%)
Here are a few stock ideas from leading brokerage houses in the country.

Infosys:

Ambareesh Baliga, Managing Partner, Edelweiss Financial Services advises to exit fromInfosys  around Rs 2500-2600.

Baliga told CNBC-TV18, "Infosys- investors should hold on for the time being. The way I see it is possibly we could see another Rs 100-125 more as a downside for Infosys but then after today's crack, I do not see a major further crack from here."

TCS:

Sudarshan Sukhani, s2analytics.com advises intraday traders to buy TCS  at current levels.

Sukhani told CNBC-TV18, "For Infosys , there is no strategy now. It is far too gone to consider buying and certainly it is not a short selling candidate any more. Today was a very unusual day for Infosys, for any largecap stock."

Berger Paints:

Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities advises to hold Berger Paints  .

Thununguntla told CNBC-TV18, "The investor can hold on to Berger Paints, paints overall is a segment where there is lot of traction in the market. Moreover, in this kind of market when the high beta is getting punished very severely probably some money I would like to shift to the play like Berger Paint. I feel one can hold of course he may not make any big multibaggers but his capital he can easily recover."

Havells India:

Sahil Kapoor of Edelweiss RCM Research advises traders to enter in Havells India  around Rs 630-640 with a stop loss below Rs 600 for the target price of Rs 690 to Rs 700.

Kapoor told CNBC-TV18, "Right now Havells India is trading at Rs 637. Its 200 DMA is placed at Rs 610 and every time we see a fall towards these levels there is a good buying that comes in. I think Havells is a stock which can rise to about Rs 690 to Rs 700 levels. There is a good double bottom pattern that we can see on Havells which has made a neckline of about Rs 630. So, Rs 630 to Rs 640 is a excellent level where one can enter and keep a stop below Rs 600 and look for targets of about Rs 690 to Rs 700 on Havells."

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DISCLAIMER: GoodReturns 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. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.

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