
Shardul Kulkarni, Sr.Technical Analyst, Angel Broking is bullish on Infosys and recommends buy rating with a target of Rs 2600-2650.
Kulkarni told CNBC-TV18, "In the largecap space if you see Tata Consultancy Services (TCS) has done well over the past couple of trading sessions but I would not want to buy TCS at the current market price clearly showing you negative divergence on the daily charts. In case of Infosys, I would say that there is a possible opportunity of trading on the long side."
KRChoksey is bullish on IRB Infrastructure Developers and has recommended buy rating on the stock with a target price of Rs 171 in its September 11, 2012 research report.
"IRB Infra received service tax notice, aggregate demand of Rs 60.46 crore, to its three SPVs i.e. Ideal Road Builders, IDAA Infrastructure and ATR Infrastructure. Management has quantified Rs 230 crore of service tax for rest of operational SPVs over the period of FY07-11. Service Tax Department has considered SPVs as "agent" of NHAI in spite of "Concessionaires."
Shardul Kulkarni, Sr.Technical Analyst, Angel Broking is of the view that one can short IRB Infrabelow Rs 120.
Kulkarni told CNBC-TV18, "IRB Infra, unfortunately there is a strong fall which has taken place early from Rs 200 the stock fell to Rs 110. After that, it has just moved sideways. It has not done much. Yes, the last two trading sessions you are seeing that the stock was down yesterday as well as it is down today on the fundamental news. We are seeing that there is a possibility of a breakdown. The only thing is I would just wait for confirmation. Selling is recommended only and only below Rs 120. Do not sell before Rs 120. If the stock falls below Rs 120, yes you can go ahead and short. Rs 124 would be the stop loss and on the lower side, I would expect stock to move to around Rs 110 perhaps even lower levels."
Shardul Kulkarni, Sr.Technical Analyst, Angel Broking is of the view that one can buy Polaris Financial Technology on decline. He further says that one can hold Mahindra Satyam with a stop loss of Rs 98 or Rs 98.50.
Kulkarni told CNBC-TV18, "In Polaris Financial Technology rally looks quite extended. So, I would look at booking atleast some partial profits and if I was a trader, looking at from an investment perspective completely different ball game. Trading perspective, I think one should book profits, stock is already up 6.5% in today's trading session, was up by about 5-5.5% yesterday. So good 10%in two days, book some profits, you may get a decline towards Rs 130 but at Rs 130, I would be a buyer in case of Polaris because it is a very strong move which we have seen from Rs 116 to Rs 138. So on declines, it would be a buy."
Buy Manappuram Finance on dips, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "I am not tracking Muthoot Finance recently but Manappuram General Finance I track everyday and my sense is that the charts are excellent. If the bear market in Manappuram is over, it is now beginning a new bull trend and bull markets can go much higher than we imagine. This is a stock we should be looking to buy on every consolidation or dip. But after two days of gains this is not a dip. So if the investor waits patiently he will get a good price and a good location to buy it."
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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