Stock market analyst Shrikant Chouhan of Kotak Securities has maintained 'hold' rating on Ambuja Cements Ltd stock with target of Rs 123.
Jeera August contract gained Rs 145 and settled at Rs 15636 a kg tracking bullish cues from the spot market where stocks were low and demand from local traders was strong. Firmness in the international market is supporting upside in jeera. Jeera gained 398 rupees to end at 15,048 rupees per 100 kg in Unjha, the benchmark spot market in Gujarat. The contract made intraday low of Rs 15306 a kg and high of Rs 15915 a kg. Support for jeera is at 15323 below that could see a test of 15010. Resistance is now seen at 15932 above that could see a resistance of 16228.
Turmeric ended steady on sluggish spot demand as traders awaited some correction in prices on hopes of higher acreage and on weak exports. Market may see some correction in prices as both local and overseas demand has come down at higher levels. In Nizamabad spot market, turmeric fell 74.5 rupees to end at 15,578.50 rupees. Market has opened at 15200 & made a low of 14942 versus the day high of 15298. The total volume for the day was at 8195 lots and the open interest was at 8905.Support for turmeric is at 14941 below that could see a test of 14763. Resistance is now seen at 15297 above that could see a resistance of 15475.
Chana dropped Rs 5 and settled at Rs 2405 per quintal as ample stocks weighed on sentiment. Prices are unlikely to fall much as spot demand is improving gradually. In Delhi spot market, chana gained 66 rupees to end at 2,350 rupees per 100 kg. The volume was noted at 193970 lots. Support for chana is at 2392 below that could see a test of 2378. Resistance is now seen at 2426 above that could see a resistance of 2446.
Mentha oil July contract gained Rs 0.3 and settled at Rs 688.7 a kg on profit-booking by speculators, driven by a weak demand in the spot market. Fresh arrivals from producing regions also put pressure on the prices in prices. The contract made intraday low of Rs 683.3 a kg and high of Rs 693 a kg with the volume of 1552 and total open interest for the same contact was at 4199.Now support for the menthol is seen at 683.7 and below could see a test of 678.6. Resistance is now likely to be seen at 693.4, a move above could see prices testing 698.
Pepper August delivery dropped Rs 47 and settled at Rs 21317/quintal as traders booked profits after the recent rally in prices on weak export demand. India's pepper exports fell 5 percent to 4,650 tonnes in April-June 2010 from the same period a year ago. Spot pepper climbed 430 rupees to end at 21,241 rupees per 100 kg in Kochi. The contract touched the intraday high of Rs 21719/quintal while low of Rs 21220/quintal. Now support for the pepper is seen at 21118 and below could see a test of 20920. Resistance is now likely to be seen at 21617, a move above could see prices testing 21918.ICICI Securities has a BUY rating on Trent with a 12-month target price of Rs 3,600, about 18-19% above the current market price of Rs 3,040.
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Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Retail Sector, Trent
Featured, India Business, Energy Sector, Analyst View, Stock Markets, India, Joindre Capital, Waaree Energies
Joindre Capital Services has kept its BUY rating on Waaree Energies with a target price of Rs 2,908, about 26.2% above the current market price of Rs 2,304.
ICICI Securities has a BUY rating on Asian Paints with a revised 12-month target of Rs 2,740, about 18% above the current market price of Rs 2,320.
Featured, India Business, Analyst View, Stock Markets, FirstSource, ICICI Direct, India, Technology Sector
ICICI Securities, through its ICICI Direct retail research desk, has maintained its BUY rating on Firstsource Solutions Ltd with a target price of Rs 360, implying about 18% upside from the current
Featured, India Business, Analyst View, Stock Markets, Auto Sector, Axis Securities, Hero MotoCorp, India
Axis Securities has maintained its BUY rating on Hero MotoCorp Ltd with a revised target price of Rs 6,025, down from Rs 6,500, implying about 18% upside from the Oct.
ICICI Securities, through its retail research arm ICICI Direct, has retained a BUY rating on Adani Ports and Special Economic Zone with a revised target price of Rs 2,210, about 20% above the curre
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Featured, India Business, Energy Sector, Analyst View, Stock Markets, CleanTech, ICICI Securities, India, Suzlon Energy
ICICI Securities has maintained its BUY rating on Suzlon Energy but cut its 12-month target price to Rs 55 from Rs 65, implying about 49% upside from the current market price of Rs 37.
ICICI Securities has maintained its BUY call on IDFC First Bank with a revised 12-month target price of Rs 95, down from Rs 100, implying about 32% upside from the current market price of Rs 72.
Deven Choksey Research has maintained its BUY rating on HDFC Bank with a target price of Rs 981, implying about 43% upside from Rs 688.
Anand Rathi Research has maintained its BUY call on DCB Bank with a 12-month target price of Rs 312, implying about 56% upside from the Rs 200 share price.
