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April 26 stock tips: Zee Ent, Cairn India and more


Stock ideas for April 26, 2013
Here are a few stock ideas from leading brokerage houses in the country.

Zee Ent:

SP Tulsian of advised buying Zee Entertainment , Sun TV and TV18 on a correction of about 3-4 percent.


Tulsian told CNBC-TV18, "I have been keeping positive stance on all the media stocks post this 31st March deadline which got digitization happening in about 38 cities. And that has been a very positive trigger for all media stocks, but honestly I have not seen that kind of reaction coming in which we have seen today."

IndusInd Bank:

SP Tulsian of advises to sell IndusInd Bank and Titan Industries . According to him, both stocks are showing weak trend.

Tulsian told CNBC-TV18, "I am giving two sell calls, first on IndusInd Bank and second on Titan Industries. If you really take the call on IndusInd Bank the target of Rs 462 can be set with a stop loss of Rs 470 and for Titan Industries the target of Rs 258 with a stop loss of Rs 262 or Rs 262.50."

Cairn India:

Sudarshan Sukhani, advises to buy Cairn India at current levels.

Sukhani told CNBC-TV18, "Cairn India- trend is up and it is much wiser to stay with the trend. One should go long. I consider buying Cairn India. It has apparently bottomed out. That is the sign, Rs 270 was its low, it is inching upwards, it is a low beta stock. So the gains in terms of percentage are relatively modest but then the protection on the side of losses is also available. So buying Cairn India is a good idea for today."

Axis Bank:

Sudarshan Sukhani of advised traders to book profits in Axis Bank . However, investors should hold on.

Sukhani told CNBC-TV18, "If one is a trader then Rs 1500 is a target for Axis Bank. It is already there, one cannot time it to the rupee, let him take his money; he is making a profit."

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: Friday, April 26, 2013, 9:21 [IST]
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