RBS Private Banking Chief Investment Officer Rajesh Cheruvu has expressed bullish view about Indian stocks. In an interview, he has given a positive outlook for NSE Nifty to touch 5700 by December this year.
NSE Nifty closed at four month high after gaining further ground in today’s trading session. The markets gained further ground in afternoon session as European markets opened positive.
Technical analyst Ambareesh Baliga of Way2Wealth has maintained 'hold' rating on Pipavav Shipyard Limited stock.
According to analyst, the investors can buy the stock with a target of Rs 100-105.
The stock of the bank, on April 18, closed at Rs 89.10 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 119.95 and a low of Rs 66 on BSE.
Pipavav Shipyard Ltd is making discussions to sell around 26% equity stake to an unidentified buyer.
Technical analyst Ambareesh Baliga of Karvy Stock Broking has maintained 'sell' rating on Tata Motors Limited stock with a target of Rs 1000-975.
Mr. Baliga added that it is better to sell the stock at this time as it looks weak.
He also said the investors can re-enter the stock at the same level (Rs 1000-975) with a long-term view.
As per recent reports, Tata Motors stock is declining and the gains are dissolving.
At this time, investment in auto sector looks risky.
Technical analyst Ambrish Baliga of Karvy Stock Broking has maintained 'hold' rating on Dishman Pharmaceuticals & Chemicals Limited stock with a target of Rs 168-174.
The analyst said suggested that partial profit should be taken at aforesaid level and if you hold it for 10-12 month period, the target of Rs 240 can be attainable.
The stock of the company, on December 27, closed at Rs 144.55 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 275 and a low of Rs 129.15 on BSE.
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