VIKAS PARSHURAM SAMWATSAREBIG BOSS
TODAY DATED 10/10/11
STOCK MARKET TIPS
Sesa Goa
Recommendation: Buy
Breakout
Last Close: Rs 205
Target: Rs 223
Stop Loss: Rs 199.45
After forming a 52-week low of Rs 189 last week, the stock consolidated for a few trading sessions and finally managed to breakout from initial resistance level of Rs 203. We advise buying the stock only above Rs 206.50 for a target of Rs 223 in the coming weeks.
Breakout
Last Close: Rs 205
Target: Rs 223
Stop Loss: Rs 199.45
After forming a 52-week low of Rs 189 last week, the stock consolidated for a few trading sessions and finally managed to breakout from initial resistance level of Rs 203. We advise buying the stock only above Rs 206.50 for a target of Rs 223 in the coming weeks.
Sterlite Ind.
Recommendation: Buy
Pullback
Last Close: Rs 113.50
Target: Rs 125
Stop Loss: Rs 109.45
After a sharp fall from Rs 137 to Rs 103, the stock is finally showing some signs of a pullback. The daily chart is showing a positive crossover in momentum oscillators. Buy the stock only above Rs 114 for a target of Rs 125 in coming 2- 3 weeks.
Pullback
Last Close: Rs 113.50
Target: Rs 125
Stop Loss: Rs 109.45
After a sharp fall from Rs 137 to Rs 103, the stock is finally showing some signs of a pullback. The daily chart is showing a positive crossover in momentum oscillators. Buy the stock only above Rs 114 for a target of Rs 125 in coming 2- 3 weeks.
CIL
Recommendation: Buy
Bullish
Last Close: Rs 337.55
Target: Rs 354
Stop Loss: Rs 333.75
The hourly chart depicts an inverse head and shoulder which will be confirmed only above Friday's high. Therefore, we advise buying the stock only above Rs 340 for a target of Rs 354 in the weeks ahead.
ICICI Bank
Recommendation: Buy
Bullish
Last Close: Rs 824.45
Target: Rs 860
Stop Loss: Rs 816.45
Looking at the hourly chart it seems that the stock is forming a bullish flag pattern which will be confirmed only above Rs 831.60 coupled with a positive crossover in 5 & 20 EMA. Buy the stock only above Rs 831.60 for a target of Rs 875.
Bullish
Last Close: Rs 824.45
Target: Rs 860
Stop Loss: Rs 816.45
Looking at the hourly chart it seems that the stock is forming a bullish flag pattern which will be confirmed only above Rs 831.60 coupled with a positive crossover in 5 & 20 EMA. Buy the stock only above Rs 831.60 for a target of Rs 875.
L&T
Recommendation: Buy
Uptrend
Last Close: Rs 1,393.15
Target: Rs 1,465
Stop Loss: Rs 1,374
After a massive fall from Rs 1,700, the stock has managed to hold its monthly support level of Rs 1,300. Also, the RSI-smoothened oscillator on the daily chart is positively poised. Buy the stock only above Rs 1,400 for a target of Rs 1,465.
Bajaj Electricals
Recommendation: Buy
Market price: Rs 184
Target price: Rs 238
The E&P division reported losses due to seasonally weak Q1 and closure of some old projects. The company is taking several initiatives to bring back the E&P business on track. At CMP, the stock is trading at 11.2x FY12E earnings which look very attractive.
Dhanuka
Recommendation: Buy
Market price: Rs 91
Target price: Rs 141
Dhanuka has a healthy balance sheet and maintained robust RoE and RoCE ratios. It has been growing at CAGR of 25% over FY07-FY11 with net profit growth of 48.5% over same period. At CMP, it is trading at 7.7x FY12E and 6.3x FY13E earnings.
Tecpro Systems
Recommendation: Buy
Market price: Rs 215
Target price: Rs 322
Tecpro Systems has a Rs 4,200 crore order book at the end of Q1FY11, giving revenue visibility for next 2 to 3 years. It is all set to capture higher market share in BOP segment due to strong execution capabilities. At CMP, it is trading at 6.6x FY12E earnings.
Ing Vysya Bank
Recommendation: Buy
Market price: Rs 292
Target price: Rs 500
Growth in advances will continue to be ahead of industry. Improvement in asset quality will help the bank to protect its NIM margins and improve ROE. It is trading at a significant discount to its peers and is available at a fairly attractive 1.1x adjusted P/BV of FY12E.
Persistent Systems
Recommendation: Buy
Market price: Rs 300
Target price: Rs 387
Persistent Systems is a forerunner in new technology areas like cloud, analytics, collaboration and enterprise mobility. The next growth willl come from the IP-led revenues where it would have a shared risks and revenue model on the pay per use concept.
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