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Stock Tips for July 1, 2011: Buy RCom


Stock Tips for July 1, 2011: Buy RCom
Suddenly its been claimed in newspapers that the picture is getting better. The argument is supported by government figures which show a fall in food inflaiton price. A reduction in the external debt as a percentage of GDP drops and growth in core industrial output. The only thing that saw detoriation was government finances. But either way there will be many opportunities in individual stocks for investors to cash on. So today's stock recommendations are as following.

(Find out today's recommendation at the Traders Corner)


ShareTipsInfo has recommended the stock of RCom to buy above Rs 96.20, with a target price of Rs 97.70 to Rs 99.50 with the stop loss placed at Rs 94.50.

Meanwhile, the website, technicalanalysisofstocks, recommends to sell the stock TTK Prestige, with stop loss of Rs 3,000 and a target price of Rs 2,885.

Rakesh Mehta, Assistant Research Manager, Fullerton Securities, suggested the following stocks in EconomicTimes.

JP Associates: Mehta's recommendation here is to buy the stock with a target price of Rs 90 and a stop loss at Rs 74. After significant under-performance, the stock is showing good resilience at lower levels. A strong intermediate base around Rs 80 is providing support to the stock. All the momentum indicators are in the oversold zone, which indicates there is limited downside.

Punj Lloyd: Here also the recommendation on the stock is buy with a target price of Rs 85 and a stop loss of Rs 70. On weekly charts, the stock has formed a firm base around the .55-60 range. The sharp rise in price combined with spike in trading volume witnessed over the past month indicates a trend reversal. We expect the stock to touch Rs 85.

Chambal Fertilisers: Mehta has recommended a buy on this stock too with a target price of Rs 90 and stop loss at Rs 74. The stock is making bullish pattern of higher highs and higher lows over the past one year period. The 100-week moving average (WMA) is providing good support to the uptrend. Going forward, we expect the momentum to continue.


Piramal Healthcare: The pharmaceutical stock too has a buy recommendation with a target price of Rs 450 and a stop loss of Rs 370. The positive momentum built in the stock around the important support of Rs 350 can take the stock to around Rs 450 in the near term. Also, consistent close above the vital long-term 200-week moving average has improved the probability of momentum sustainability.

Mastek: This stock has a recommendation of Buy with a target price of Rs 130 and a stop loss at Rs 105. After a year-to-date correction of around 40%, the stock seems to have formed a bottom around Rs 100. The stock is way below its vital moving averages and we expect some retracement from current levels. We look towards a target of Rs 130.

Firstpost has suggested to keep track of the following stocks for the day: BPCL, CESC, Idea Cellular, Gail, Dr Reddy"s Lab, Cairn, Escorts, Tata Motors, and DLF.

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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: Friday, July 1, 2011, 8:55 [IST]
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