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Gold Prices India: 24K/100 Grams Yellow Metal Falls By Rs 3800, 24K/10 Grams Down By Rs 380
Stock ideas for May 8, 2013
Hero Motocorp
According to Nitin Jain of Edelweiss Securities, Hero Motocorp might be a good short bet from one to one and half years point of view.
Jain told CNBC-TV18, "I have been short on autos in particular. I still believe that two-wheelers particularly Hero Motocorp might be good short bet from a long-term point of view, from a one and half year point of view."
Jain Irrigation
Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities Limited is of the view that one can hold Jain Irrigation Systems with a target of Rs 82.
Thununguntla told CNBC-TV18, "There was a time when Jain Irrigation was a blue head boy for many funds. Many mutual funds and hedge funds used to have it as their priority item but now considering that all the problems are Non-bank financial company (NBFC) related, the stock got sold off. Now I feel at least Rs 82 can easily be reached in the next wave of rally. You can hold on. You may be tested for three-four months but eventually Rs 82 level should be reached."
DLF
SP Tulsian of sptulsian.com said he was going long in DLF and Century Textiles and Industries . According to him, targets for these stocks are at Rs 242 and Rs 319, respectively.
Tulsian told CNBC-TV18, "First call, I am taking a long call on DLF with day target of Rs 242 and stop loss of Rs 238, because of all the rate sensitive going up."
HUL
Nitin Jain of Edelweiss Securities feels Hindustan Unilever (HUL) is a very interesting opportunity. He said one could buy HUL at around Rs 571-572.
Jain told CNBC-TV18, "HUL right now is a very interesting opportunity; it is not a very high return strategy but a very low risk strategy. You can buy HUL right now at around Rs 571-572 and you can tender the stock."
GoodReturns.in
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.
