
IDFC: Sudarshan Sukhani, s2analytics.com feels that if somebody is willing to carry IDFC for a few weeks not one or two days then it can easily be picked up at current levels.
Sukhani told CNBC-TV18, "IDFC has been in an uptrend. It has completed its bear market and is now starting what promises to be a very interesting bull market. So IDFC is a buy on every dip. Even today if somebody is willing to carry IDFC for a few weeks not one or two days then IDFC can easily be picked up at current levels."
Siemens: Nirmal Bang is bearish on Siemens and has recommended sell rating on the stock with a target of Rs 502 in its August 13, 2012 research report.
"Siemens reported 3QFY12 revenue of Rs28.4bn, up 2.2% YoY, in line with our estimate of Rs28.8bn but 5.2% lower than Bloomberg consensus estimate of Rs30bn. However, the decline in profitability was steeper than expected due to cost over-run and delay in project off-take by customers.
DLF: Nirmal Bang is bearish on DLF and has recommended sell rating on the stock with a target of Rs 174 in its August 14, 2012 research report.
"DLF has entered into a binding agreement with Lodha Developers to sell its 17- acre plot in Lower Parel, Mumbai, for an enterprise value of Rs27bn (11% of current gross debt). DLF will receive Rs5bn with immediate effect as part payment which is non-refundable and expects the entire transaction to conclude by October 2012, in line with its strategy to reduce debt.
Tata Steel: Nirmal Bang is bearish on Tata Steel and has recommended sell rating on the stock with a target of Rs 364 in its August 14, 2012 research report.
Motilal Oswal is also bearish on Tata Steel and has recommended sell rating on 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.
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