Usha Martin Delivery Call

Usha MartinTechnical Analyst E Mathew has suggested to buy Usha Martin to be sold tomorrow. The delivery call for the day has been given as the stock has performed well in an otherwise weak market.

The stock has gained above 3.0% at Rs 140.94, and it is expected to touch Rs 165 levels tomorrow. It has a good potential.

Usha Martin is planning to raise equity capital of Rs 3,350 million. The company plans to raise the funds through preferential allotment of upto 38.5 million warrants convertible into equity shares to its promoters, reports Business Standard.

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Rico Auto Buy Call

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It is good for investors to purchase the stock around Rs 42, if the stock falls, otherwise grasp it between Rs 43-44, to achieve an intraday target above Rs 48.

The maximum target for the day is Rs 51, and the investors have a stop loss at Rs 39.80.

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