Stock Tips for today, July 20, 2011: Buy Kotak Bank

Published: Wednesday, July 20, 2011, 8:58 [IST]

Despite all the challenges that India witnesses — inflation, resultant rate hike fears, concern on reforms, corporate earning downgrades, corruption etc — as well as a potential sovereign debt crisis in the US and Europe. India is still a safe bet for most investors. And that is why FIIs will keep coming.

So for today the experts' suggestions are as following.

Sharetipsinfo has recommended the stock of Kotak Bank to buy above Rs 500 for the target price of Rs 510-520 with a stop loss at Rs 497. This has been suggested for cash intraday.

The website, Technicalanalysisofstocks, has recommended the stock of A2ZMES for the hammer pattern formed near minor top. The target price is Rs 335 and the stop loss is Rs 304.

Rajesh Jain, EVP & Head - Retail Research, Religare Securities, suggested the following stocks in Economic Times:

FirstPost have the following stocks on their watch-list: Andhra Bank, Shree Renuka Sugar, ITC, Hero Honda, IDFC, Hotel Leela, Exide, Bank of Baroda and Allahabad Bank.

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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.

Story first published: Wednesday, July 20, 2011, 8:58 [IST]

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