Buzzing Stocks

QIP issue helps Unitech raise Rs 1,620 cr; promoters' stake falls to 51%

unitechThe liquidity position of the cash-strapped realtor United Ltd is expected to improve, with the company recently raising Rs 1,625 crore at Rs 38.50 per share through qualified institutional placement (QIP) issue. The proceeds from this sale of new shares to qualified institutions will help the country's second-biggest real estate developer repay a part of its more than Rs 8,900-crore debt.

Sell ONGC – Nirmal Bang

Oil & Natural Gas Corporation Nirmal Bang Research has suggested investors to 'sell' ONGC stock as there are full chances of a downward trend in this stock in the coming days.

According to report, investors can sell the stock with a strict stop loss of Rs 880 to achieve a target that lies between Rs 790-740.

Today (April 17), the stock opened at Rs 860, as against its last closure at Rs 851.75 on the Bombay Stock Exchange (BSE) on Thursday (Feb 16). Current EPS & P/E ratio stood at 76.03 and 11.47 respectively. The share price has seen a 52-week high of Rs 1124 and a low of Rs 538.10 on BSE.

Buy Reliance Communications

Reliance CommunicationsKarvy Stock Broking Limited has maintained 'Buy' rating on Reliance Communications Limited stock to achieve a target of Rs 245 within 1-2 days.

According to Karvy, day traders can buy the stock above Rs 232 with a stop loss of Rs 224.

Shares of the company, on Thursday (April 16), closed at Rs 217.45 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 26.80 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.

Bio Green Industries signs Supply Chain Management Contract; Stock up 5%

sundaramMumbai-based Bio Green Industries Ltd, the parent Company of its wholly owned subsidiary Bio Green Papers Ltd, has signed a supply chain management agreement with Sundaram Multi Pap Ltd, for the procurement of raw material supply chain management.

The company officials believe that with latest agreement; they expect a monthly production of 1000 to 12000 tons of Kraft Paper used by Packaging Industry.

Presently, Bio Green Papers Ltd, has 40 TPD capacity of Kraft Paper and 40 TPD of Duplex Facilities.

Buy Ranbaxy Laboratories - Nirmal Bang

Buy Ranbaxy Laboratories - Nirmal BangNirmal Bang has maintained its ‘Buy’ rating on Ranbaxy Laboratories to achieve a target between Rs 225-240 within 1-5 days.

Interested traders can buy the stock on dips with a stop loss of Rs 210.

Shares of the company, on Wednesday (April 15), closed at Rs 199.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 613.70 and a low of Rs 133.15 on BSE.

Buy HDFC, Target Rs 1910: Nirmal Bang

Buy HDFC, Target Rs 1910: Nirmal BangNirmal Bang Research is bullish on HDFC and maintained ‘Buy’ rating on the stock to achieve a target of Rs 1910 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 1825.

Shares of the company, on Wednesday (April 15), closed at Rs 1771.55 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 81.46 and 21.23 respectively. The share price has seen a 52-week high of Rs 2950 and a low of Rs 1116.10 on BSE.

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