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April 16 stock tips: Bharti Airtel, NMDC and more

Stock ideas for April 16 2013
Here are a few stock ideas from leading brokerage houses in the country.

Bharti Airtel:


SP Tulsian of advises short term traders to buy Bharti Airtel for a gain of Rs 6-8.

Tulsian told CNBC-TV18, " Bharti Airtel news is mild positive but now all the eyes will be more on two matters i.e. intra-circle roaming and the 2G which will be heard by the Supreme Court today and in the next week. So, probably that will be there but the stock seems to have bottomed out."


Kunal Bothra of LKP is of the view that one can buy NMDC around Rs 125.

Bothra told CNBC-TV18, "If you look at NMDC the first sense which you get when you look at the charts the downtrend seems to be resuming from hereon. The stock consolidating or trading in this range of Rs 120-130 range for the next one week or 10 days, 10 trading sessions. If that happens that could form a very good base over here."

Zee Entertainment:

According to Kunal Bothra of LKP one can buy Zee Entertainment above Rs 210 for the target price of Rs 220 with a stop loss of Rs 205, as a good upside is expected in the stock.

Bothra told CNBC-TV18, " Karnataka Bank looks very good on charts. It is coming out of that downward sloping channel where it started somewhere in the start of 2013. It is currently trading at around Rs 140 levels and I think that a decent leg for the upside is around Rs 148-150 levels. Anyone who is probably entering now can keep a stop loss of Rs 135."

Titan Industries:

SP Tulsian, advises to exit from Titan Industries around Rs 250.

Tulsian told CNBC-TV18, " Titan Industries - investors should definitely look to exit on a price of Rs 250 or so in spite of he having his cost at Rs 287, the reason being that we are not expecting good performance from their jewellery division which has been the division which is giving them this kind of valuations."


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.

Read more about: stock picks
Story first published: Tuesday, April 16, 2013, 9:10 [IST]
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