Stock Trading

Triveni Engineering Buy Call

According to technical analysts, TRIVENI ENGINEERING can be bought with the stop loss of Rs160 for the target of Rs. 178-190. The stock is currently trading at a P/E of 55 achieving earnings per share of Rs 3.

Triveni Engineering is one of the leading companies in sugar production and engineered-to-order mechanical equipment manufacturing with three sugar mills located at Khataul, Deoband and Ramkola in the state of Uttar Pradesh.

It is also one of the largest manufacturers of steam turbine up to generating capacity of 15MW.

Tech Mahindra Buy Call

As per view of technical analysts, stock of TECH MAHINDRA can be purchased with a strict stop loss of Rs 1195 for the target of Rs1263-1303.

Based on current results, the stock is trading at a P/E of 21 with earning per share of Rs 56.56.

TECH MAHINDRA is the leading provider of solutions and services to the telecommunications industry.

On the National Stock Exchange, the stock has touched 52-week high of Rs 2048 and a low of Rs 452.

The company is planning to offer many new services to its customers in coming quarters.

MPHASIS Buy Call

As per technical charts, MPHASIS can be bought at current price with a strict stop loss of Rs 290 for the target of 302-309. This is an intraday trading recommendation.

The stock is trading at a P/E of 38 at current market price. The stock has an EPS of Rs.7.63

The activity of MPHASIS Limited is to provide application services, Business process outsourcing services and Infrastructure technology outsourcing services.

On the national stock exchange, the stock has touched 52-week high of Rs 340 and a low of Rs 162.

The group of MPHASIS also offers solutions to industries such as banking and financial services, logistics, technology and retail.

Ashapura Minechem Intraday Call

According to technical analysts, ASHAPURA MINECHEM can be purchased with strict stop loss of Rs 365 for the target of Rs 396-405.

On National Stock Exchange, the stock has touched 52-week high of Rs 426 with the low of Rs 95. Based on current results, the stock is trading at a P/E of 20.41 and offers an earning per share of Rs 17.96.

It is the largest mine owner, organized producer & exporter of Bentonite in India. It exports to over 30 countries in Middle East, Latin America, Europe, Egypt, Japan, South East and Australia.

Sakhti Sugars Buy Call

As per view of technical analysts, SAKTHI SUGAR, which ended the day at Rs 75 on Friday can be purchased at current market price. The stop loss for this counter is Rs 73 for a target of Rs 78-80.

The group’s principal activities are to manufacture and market crystal sugar, industrial alcohol, iron castings, soya products, sunflower oil, molasses, fertilizers, chemicals, seeds, bio earth and other industrial products.

The plants of Shakti Sugar are located in Tamil Nadu and Orissa.

Ranbaxy Labs Intraday Buy Call

Ranbaxy Laboratories looks interesting for intraday trading on Monday. The stock has touched a low recently and went below 400 levels. After the technical bounce back, Ranbaxy may gain around Rs 7 – 10 in today’s trading session. For intraday trading, traders are advised to keep a stop loss of Rs 404.

At current levels, the stock can be bought for intraday trading. The stock may reach a target of Rs 412 – 415 today.
On Friday, Ranbaxy closed at Rs 407.40 on NSE with a gain of 2.5%. The stock touched a high of Rs 409.90 in early trades and drifted down to 398.05 when the markets reacted at higher levels.

GIC Housing Finance

As per technical view of Mathew Easow of Matheweasow.com, GIC Housing Finance looks attractive at current price and can be bought around 85 levels for short term target of Rs 105. Investors should buy the stock with a closing stop loss of Rs 74.

GIC Housing Finance offers housing loans to individuals and to persons/entities for construction of houses/flats for residential purposes. Home loans market has been buoyant in previous two quarters. The things are looking good for the sector in coming quarters as well. The robust schemes by GIC Housing Finance benefits both aspiring individuals moving up the career ladder and executives approaching their retirement age and the company has a large consumer base.

Nucleus Software Buy Call

Technical Analyst Ashwani Gujral has suggested a buy call for Nucleus Software above of Rs 393 with stop loss of Rs 320.The stock can reach a target of Rs 490 as the company is poised for growth in coming quarters.

On National Stock Exchange, the stock has touched 52-week high of Rs 600 and low of Rs 162.35. Technology stocks have been weak in past few months due the declining value of US dollar.

Centurion Bank of Punjab Delivery Call

According to technical analysts, traders can buy Centurion Bank of Punjab above Rs.52 with strict stop loss of Rs.42 for target of 64-90. This is delivery based call given by Stock market expert Hitendra Vasudeo of Stockmechanics.com.

DLF Intraday Buy Call

Real Estate Major DLF looks attractive above Rs.1005 as the stock will be technically strong above this level. Traders should buy the stock with strict stop loss of Rs.990. This is an intra call for day traders with the target of 1031-1079 given by Stock Analyst Hitendra Vasudeo of Stockmechanics.com.

Varun Shipping Short Term Buy

As per view of technical analyst Hitendra Vasudeo of Stockmechanics.com, Varun Shipping can be purchased for above Rs 87 with strict stop loss of Rs.70. For achieving a target of Rs.103-136, investors can buy stock at current prices to be sold in short term.

At the National Stock Exchange, the stock has touched 52-week high of Rs.87 and a low of 49.

The stock is currently trading at P/E of Rs.5.22 with an earning per share of Rs.16.02.

Varun shipping company is a private sector company in India, which presently operates a fleet of 20 vessels for seaborne transportation of bulk cargoes mainly in the hydrocarbon sector including LPG, crude oil and petroleum products.

Stock Market Update

Bulls are back in Indian Stock MarketsIndian Stock markets had a great week as markets touched all time high. NSE Nifty touched an all time high for intraday on Friday’s trading session. BSE Sensex is hovering around 20k mark while NSE Nifty closed just 26 points short of 6000. BSE Sensex closed 170 points higher at 19966.

Technical Analysts believe that Stock markets may remain strong in near term unless there is some bad news from global markets. NSE member and Stock expert Mr. Ramesh Damani expects markets to remain strong till the budget next year.  

Satyam Computers Delivery Call

Technical Analysts at Indiabulls have suggested to Satyam Computers delivery to be sold on next trading session. Satyam Computers have been trading strongly over past few trading sessions.

The stock has seen a technical bounce back from lower levels in the recent correction. As the stock recovered smartly, one can expect it to touch 460 levels in next trading session.

In Friday’s trading, Satyam Computers has touched a high of Rs 446 and a low of Rs 434. In Futures, for December contracts, Satyam has touched a high of Rs 449.80 and a low of Rs 438.

Triveni Engineering Delivery Call

Triveni Engineering (TEIL) can be bought at current level of Rs 157. The stock has moved up quite nicely in today’s trading session. The counter has gained based on positive news about the stake sale from the promoters.

Indiabulls has recommended the stock for delivery to be sold on next trading session. The stock can see level of Rs 165 – 175 very soon.

The stock has touched a 52-week high of Rs 164.90 and is currently trading at a P/E of 52.

Balrampur Chini Buy Call

Sugar Stock Balrampur Chini is looking good for short term. The stock has recently crossed Rs 100 and is heading towards 120 levels now. The stock can offer good returns over next few trading session if the markets remain stable.

Balrampur Chini has touched a 52-week high of Rs 115 on NSE. The stock has gained nearly 9% today and is currently trading at Rs 108.

The stock markets have gained nicely in last 30 minutes in today’s trading session. The strength at the end of the trading session is a good sign for the markets.

Buy Centurion Bank of Punjab

Centurion Bank of Punjab has gained over 15% in today’s trading session. The stock has gained due to positive news on the counter and has been suggested by many analysts for a Buy Call for delivery.

The stock has touched a 52-week high of Rs 56.20 on NSE today. Currently, this banking counter is available at a P/E of 78. CBOP will see a significant rise in its business as the effect of merger with Lord Krishna Bank. The merger was announced few months back.

The results for the coming quarter are expected to be good for the bank. This stock can even be bought for a long term if it faces any declines.

Bongaigaon Refinery Trading Call

Stock Market Analyst VK Sharma has suggested day traders to buy Bongaigaon Refinery around Rs 104 for a target of Rs 106 and 108. For trading, please keep a strict stop loss of Rs 102 for this stock.

The stock has been up in recent trading sessions on merger news. Bongaigaon Refinery has touched a 52-week high of Rs 117 on NSE.

The stock is trading at a P/E multiple of 8.2 with an EPS of Rs 12.

This recommendation is for day trading only. Investors looking for long term investment should try some other stocks from this sector. Chennai Petro is a good stock at current prices.

Suzlon Energy Trading Call

As per view of technical analysts, Suzlon Energy can be bought at current market price with the stop loss of Rs 1932 for a target of Rs 1966 – 1991. This is an intraday call for day traders.

The stock has touched an intraday high of Rs 1,993 and a low of Rs1,960. The stock is currently trading at Rs 1977 with a gain of Rs 35.85 or 1.85%.

Suzlon Energy is the 5th largest company in the world in its segment. The company has issued zero- coupon foreign currency convertible bonds worth 10 million to fund its organic growth initiatives.

On NSE, the stock has touched a 52-week high of 2,159.80 and a low of Rs 931.
The stock is trading at a P/E of 53.90 at current market price and has an earning per share of Rs 36.77.

ICICI Bank intraday

As per view of technical analysts, the Banking Major ICICI Bank is good for intraday trading. Traders can buy ICICI Bank at current market price of Rs. 1,212.90 with the currently higher by Rs 12.20 compared to yesterday’s close. The stock can be bought with a strict stop loss of Rs1180. The intraday target for ICICI counter is Rs 1220-1240.

The stock has touched an intraday high of 1,230 and a low of Rs.1,203. The stock is trading at a P/E of 38.40 at current market price. Based on the current results, the stock offers an earning per share of Rs.31.59.

Infosys Tech Buy Call

According to technical analysts, Infosys Technologies, which is currently trading at Rs 1,672.30 with the gain of Rs 36.95 or 2.26% can be purchased at current market price. The stop loss for this counter is Rs. 1629 and the target is Rs 1649-1664. This is an intraday call for day traders.

The company has accomplished $1 billion dollars in quarterly revenue for the first time in last quarter. The recent acquisitions by Infosys include 3 shared service centers in India, Poland and Thailand. With a center in Poland, the company has achieved better presence in Eastern Europe to cover more clients in that region. This also marks the largest presence of any Indian Technology/BPO company in the region.

Syndicate content