Stock analysts have maintained ‘buy’ rating on State Bank of India (SBI) stock with an intraday target of Rs 1333.

According to them, interested traders can purchase the stock around Rs 1315 with a strict stop loss of Rs 1295. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1350.
 

Indian Stock Markets were trading flat at 10.40 am IST. NSE Nifty touched an intraday high and low of 3062 and 3021. BSE Sensex touched a high of 9991 during early trades but slipped to 9863 due to selling pressure in many index stocks.

On first trading day of year 2009, the volumes were lower. Market turnover was lowest since April, 2007.

Among major gainers were SBI, ABB, DLF, HCL Tech, HDFC, Reliance Communications, Reliance Power, GAIL, SAIL, PNB, ITC and ICICI Bank.

Among losers were Satyam, Maruti Suzuki, Wipro, Ranbaxy Labs, Infosys, Bharti Airtel, ACC, Sterlite, ONGC, M&M, Tata Power and Grasim.

Indian Stock Markets were trading marginally lower on second trading day of new year. At 10.16 am, NSE Nifty was down by 11 points at 3022. BSE Sensex was down by nearly 35 points at 9868.

Stock market analysts have maintained ‘buy’ rating on DLF stock with an intraday target of Rs 293.

According to them, interested traders can purchase the stock above Rs 279 with a strict stop loss of Rs 270. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 298.

Shares of the company, on Wednesday (Dec 31), closed at Rs 281.90 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 5232748. Current EPS & P/E ratio stood at 15.16 and 18.89 respectively. The share price has seen a 52-week high of Rs 1225 and a low of Rs 158 on BSE.

Stock market analysts have maintained ‘buy’ rating on ONGC stock with an intraday target of Rs 680.

According to analysts, interested traders can purchase the stock above Rs 665 with a strict stop loss of Rs 652. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 696.

After previous close at Rs 160.60, Stayam Computer Services is currently trading Rs 12 up at Rs 172.60 i.e. 7.47% up at BSE on Dec 31 at 12:01 pm.

The stock closed at Rs 160.70 yesterday (Dec 30), but it is currently trading Rs 12.25 up at 172.95 i.e. 7.62% up at NSE on Dec 31 at 12:11 pm.

The stock still has great potential to go up. It is advised to hold the stock.

Portfolio Manager, PN Vijay said reckons that above Rs 205, Satyam can touch Rs 217.