SP Tulsian of sptulsian.com advices traders to buy Bharti Airtel at around Rs 245 with a view of expiry or may be with a view of one week.
Tulsian told CNBC-TV18, "There are two concerns on Bharti Airtel, one is the falling margin, the kind of results which we have seen in case of the company and second is the huge debt lying at the end of the company's book that too in view of the huge capex lined up hereon. I think these are the two major concerns. I don't think that much of the concerns are really not to the knowledge of the market."
Reliance Communications is now on the verge of a breakdown and if it breaks below Rs 53-52 level, then there is a free fall so one may short Reliance Comm, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Reliance Communications does become a short selling candidate in the sense it is now on the verge of a breakdown and if it breaks below that Rs 53-52 level, then there is a free fall. Some of these charts are so worrying like Bharti Airtel, below Rs 250 there is nothing to hold it the same applies to Reliance Communications. Short sellers must be aware that it need not actually fall below these levels. But with proper money management and proper risk control, it is a short sell."
KRChoksey is bullish on IDFC and has recommended accumulate rating on the stock with a target of Rs 150 in its August 21, 2012 research report.
Recent strong rally (up 22.5% in last three months) in the stock leaves unfavorable risk-reward in near term.; hence we downgrade our investment rating on the stock from BUY to ACCUMULATE with TP of Rs150. Sharp acceleration in infrastructure investments coupled with better policy environment are upside risks to our call," says KRChoksey research report.
Angel broking has recommended accumulate rating on Infosys with target price of Rs 2,530.
A US court has dismissed whistleblower harassment charges against Infosys Ltd filed by its employee-Jack Palmar, as no basis to support any of the allegations was found.
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