Latest News
-
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details? -
1:5 Stock Split: PSU Bank Fixes Record Date For First Ever Stock Split; Buy For Rs 650-680 Targets -
Closing Bell: Market Stages Smart Recovery, Sensex & Nifty Snap 4-Day Losing Streak Led By HDFC Bank -
Hindustan Zinc's Quarterly Profits Dive 21% Amid Global Metal Price Slump, Shares Plummet; Buy Or Not? -
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan -
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100 -
BEL, HAL, Cochin, Mazagon Dock: Why Defence Stocks Are Flying High When Middle East Is In Kaboom?
Stock picks for Feb 6, 2013
Bank of Baroda:
Sudarshan Sukhani of s2analytics.com advises traders to short Bank of Baroda.
Sukhani told CNBC-TV18, "Bank of Baroda, today was narrow range. There was a gap, but a range that is still narrow, so that narrow range is going to expand whether it expands today or tomorrow. The chances are it will expand on the downside. So, it is one of the few stocks where after a big hammering there is still an opportunity to go short and naturally you have to be careful. Keep your stops, manage your trade, these are givens, but the opportunity exits."
Escorts:
Sudarshan Sukhani of s2analytics.com advises positional traders to buy Escorts for six months.
Sukhani told CNBC-TV18, " Suzlon Energy and Escorts, both stocks are worth buying. This is not a time to buy anything. I have been upbeat on Suzlon once it broke out of a long base and I am suggesting that Suzlon is a buying opportunity. But when markets are falling there is absolutely no sense in going long. They just outperform, but they will also fall."
Sterlite Industries:
Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.
Sukhani told CNBC-TV18, "The index is a short. Now what tomorrow brings is different. But we suggest carrying the short positions ideally as Nifty Puts and carry them for tomorrow. There are any numbers of opportunities; most of them are unfortunately on the short side. Sterlite is now ready for a sharp dip- that's a positional trade infact and Puts can be purchased for that."
IDFC:
Prabhudas Lilladher is bullish on IDFC and has recommended accumulate rating on the stock with a target of Rs 180 in its February 1, 2013 research report.
"IDFC reported in line Q3FY13 adjusted for principal gains. Disbursements have come off from high H1FY13 levels but loan growth remains at the upper end of management guidance (~22% YoY). Margin and asset quality performance continues to remain stable. We expect high margins to sustain in the near term and do not expect any large asset quality disappointment.
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.
