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Stock Tips for June 30, 2011: Buy A2ZMES


Stock Tips for June 30, 2011: Buy A2ZMES
Though it is a matter of fact that high interest rates have allured many investors in moving into debt based investment style but history shows that stock investors have always generated more wealth. Giving higher return over time. With this in mind we bring to you stock tips for the day.

(Check out the recommendation on traders corner)


Stocktipsinfo recommends the stocks -- A2Z Maintenance & Engineering Services (A2ZMES). This is an intra-day recommendation with a target price of Rs 260 and a stop loss at Rs 248.

Mayank Shah, Business Head, of Edelweiss recommended the following stocks at Economic Times.

Fresenius Kabi: Shah says to buy this stock with a target price of Rs 138 with a stop loss of Rs 125. After a sharp rise of nearly 30% between 10 and 14 June, Fresenius Kabi digested the upmove over the next ten sessions and saw a decisive move northward in Wednesday's trade. The stock gained 3.4% with volumes twice the 5-day average volume.

VST Industries: He suggests to buy this stock with a target price of Rs 1060 and a stop loss at Rs 938. VST industries is in the bull run with the stock touching a new life-time high on Wednesday. The stock made a decisive move by gaining 4% on higher volumes of twice that of the 10-day average volumes. The target is Rs 1060.

Godrej Consumer: This FMCG company also a buy recommendation from him with a target price of Rs 440 and a stop loss at Rs 410. After touching its high recently, Godrej Consumer corrected nearly 10% in the next couple of sessions. This was followed by a range bound trade for four sessions, after which the stock made a decisive move in Wednesday's trade, gaining 2.4% with above average volumes.


Astral Poly: On this stock, Shah's recommondation is buy with a target price of Rs 207 and a stop loss at Rs 183. ASTRAL POLY touched its peak high of Rs 199.65 on June 17. After a brief correction and consolidation period, the upward journey is set to resume as indicated by Wednesday's move, wherein the stock gained 5% accompanied by volumes nearly twice the 10-day average volumes.

Ranbaxy: Here too the recommendation is buy with a target price of Rs 576 with a stop loss at Rs 526. Ranbaxy decisively broke out of the trendline adjoining tops of May 31 and June 15 in Wednesday's trade. The stock, after slipping below the 200-day simple moving average for couple of days, regained the level and has successfully closed above the same.

Firstpost has recommended the following stocks to track for the day: Dr Reddy, JP Associates, Tata Motors DVR, Adani Power, DLF, GAIL, MRPL, ONGC, and Reliance Communications.

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

Read more about: bse stock tips nse sensex nifty
Story first published: Thursday, June 30, 2011, 9:03 [IST]
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