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Stock ideas for May 9, 2013
Tata Motors
According to Amit Trivedi, co-founder of Investworks.in, one can sell Tata Motors 240 strike Puts at around Rs 0.55. He feels the stock should continue to remain in range of Rs 260-300 in May series.
Trivedi told CNBC-TV18, "Tata Motors is broadly moving in that range of around Rs 260-300 and we think it should continue to do that in the rest of the series."
Hindustan Unilever
Sudarshan Sukhani of s2analytics.com feels Hindustan Unilever (HUL) is one of the better buying opportunities in the Nifty today. Positional trader can still look at a target of about Rs 1,000.
Sukhani told CNBC-TV18, "HUL is a favourite for me. This is not going to be the end of HUL's upmove, not necessarily now. For a positional trader, you still look at a target of about Rs 1,000."
ABMoney
Brokerage house Aditya Birla Money has retained their "Neutral" rating on Shoppers Stop (SSL) and raised fair value of the company to Rs 436.7 per share from Rs 418 earlier. The research firm belives that Shopper's Stop is a quality play on organised retail story of India and post aggressive capex phase in last 2 years, business is ready to reap benefits with likely healthy growth in profitability over financial year 2013-2015 (FY13E-FY15E) period.
UltraTech Cement
Sudarshan Sukhani of s2analytics.com said they would buy UltraTech Cement and Tata Global Beverage .
Sukhani told CNBC-TV18, "We keep on buying because this market still has strong momentum at least for today. So we buy UltraTech Cement. This stock has made a base, it has made a bullish head and shoulder, it is coming out of that today. Clearly there should be more upside momentum today and hopefully it will continue till tomorrow."
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.
