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Stock Tips for Sept 2, 2011: Buy Sesa Goa. Sell BHEL


Stock Tips for Sept 2, 2011
Stock tips by technical analysts include some heavy-weights like Sesa Goa, BHEL and Maruti Suzuki.

Sharetipsinfo has recommended to buy the stock of Sesa Goa above the target price of Rs 242 and a stop loss at Rs 232. The trade is recommended for cash intrada.


The website, technicalanalysisofstocks, recommends to buy the stock of Kiri Industries, for the target of Rs 170 and a stop loss at Rs 143. Since it is trying to cross the previous top and bottom with high volume.

Meanwhile Firstpost has suggested the following stocks

BHEL: Here the recommendation is to sell below Rs 1,760, target of Rs 1,725. As the cabinet has cleared government"s divestment of 5% in BHEL late on Tuesday. BHEL has not participated in the recent rally in the market. The news of further liquidity being created in the stock as a result of this divestment will push the stock down.

Maruti Suzuki: For this stock, the recommendation is to buy above Rs 1,100, for the target of Rs 1,130. Though there was sell recommendation for Tuesday"s trading day, but the stock did not breach the entry level. The stance on the stock due to the strength displayed by it.

Everonn: For this education stock too the recommendation is to sell below Rs 434, and target Rs 400. On Tuesday evening, one of the news channel reported that the Managing Director of Everonn has been arrested over bribery charges for allegedly concealing taxable income to the tune of Rs 116 crore. With its sizeable institutional holding, there could be selling pressure as Institutional Investors would want to get out on corporate governance issues.


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Story first published: Friday, September 2, 2011, 8:46 [IST]
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