Analyst View

Praj Industries looks good for long term investment

Praj Industries looks good for long term investment  Many investors are now-a-days scouting for good opportunity in the market, so that they can enter at current level and reap good profits in the long run.

Praj Industries is looking good for long term investors. The zero-debt Praj is basically an engineering company focusing on the distillery industry. It markets its products and services to more than 35 countries and is world's single largest supplier of molasses based distillery technology, plant and equipment.

Idea Cellular Q4 Net profit slips; Reduce Idea cellular- says Angel Broking

Idea Cellular Q4 Net profit slips; Reduce Idea cellular- says Angel Broking Idea Cellular, the telecom arm of the Aditya Birla group, has posted a net profit after tax of Rs 274.26 crore for the quarter ended March 31, 2009 whereas the same was at Rs 276.69 crore for the quarter ended March 31, 2008.

Further, the company has posted total income of Rs 2936.49 crore for the quarter ended March 31, 2009, against Rs 1985.26 crore for the quarter ended March 31, 2008.

See Growth Recovery During The Second Half Of FY10: Goldman Sachs

goldman sachsTushar Poddar of Goldman Sachs expects growth recovery by the second half of FY10 in spite of the overhang of election and the fiscal deficit as fundamentals and macros are getting better.

Poddar also said that that as compared to the first half of CY09, the second half of CY09 would have more opportunities.

Tushar agrees with the central bank's growth estimation, and sees India's FY10 growth at 5.8%.

He said that if the banking institutions carry on slashing lending as well as depository rates, investors should see an uptick by the second half.

Sell Reliance Capital – Nirmal Bang

Sell Reliance Capital – Nirmal BangNirmal Bang Research has maintained ‘Sell’ rating on Reliance Capital stock to achieve a target that lies between Rs 475-430.

According to research report, investors can sell the stock with a strict stop loss of Rs 517.

Today (April 23), the stock opened at Rs 512.25 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 41.65 and 12.05 respectively. The share price has seen a 52-week high of Rs 1620 and a low of Rs 274.20 on BSE.

Nirmal Bang is of the view that investors should sell the stock today in order to avoid loss.

Nirmal Bang Issues ‘Sell’ Call On ‘BHEL’ To Achieve Target Price Of Rs 1505 to Rs 1440

Nirmal Bang Issues ‘Sell’ Call On ‘BHEL’ To Achieve Target Price Of Rs 1505 to Rs 1440Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can sell BHEL with a target price of Rs 1505-1440.

According to experts at Nirmal Bang, interested traders can sell the stock below its 13-day EMA of 1575, with a stop loss of Rs 1630.

Buy Moser Baer, Target Rs 78: Nirmal Bang

Buy Moser Baer, Target Rs 78: Nirmal BangNirmal Bang Research is bullish on Moser Baer (India) Limited and maintained ‘Buy’ rating on the stock to achieve a target between Rs 69-78 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 58.

Shares of the company, on Wednesday (April 22), closed at Rs 62.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 201.30 and a low of Rs 41.10 on BSE.

According to Nirmal Bang report, the structure looks very positive, so buy the stock and hold, if it maintains above Rs 67, a big move is expected.

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