Share Trading Tips

IndiaInfoline is bullish on Bharat Forge and has recommended buy rating on the stock with a target of Rs 295, in its November 26, 2009 report. “On Wednesday, Bharat Forge attempted to breakout past the top of a trading range between Rs 282-260. A move above Rs282 levels could take the stock to a one-month [...]

IndiaInfoline is bullish on Orchid Chemical and has recommended buy rating on the stock with a target of Rs 186-192, in its November 26, 2009 report. “On the daily chart, Orchid Chemical has broken out from a Ascending Triangle pattern. A breakout from the pattern indicates upside in the coming sessions. The stock price was [...]

Angel Broking has come out with a research report on Cairn India. The research firm has initiated coverage on the stock with reduce rating and SOTP-based target price of Rs 253/share. “Cairn India’s (CIL) stock price has spiked more than 2.5x its October 2008 lows driven by strong crude prices and gradual de-risking of the [...]

Angel Broking has come out with a research report on Anant Raj Industries. The research firm has initiated coverage on the stock with a buy recommendation and target price of Rs 189. “Anant Raj Industries (ARIL) is a prominent and well-diversified Real Estate player in the NCR region. We expect ARIL’s two super premium Residential [...]

Dow Jones and S&P 500 closed at fresh 13-month highs on back of strong economic data and weak dollar. CRB Index ended up 2.3%, Dollar Index was down 1%. Dow Jones was up 31 points at 10464, S&P 500 was up 5 points at 1110 and Nasdaq ended up 7 points at 2,176. NYSE Volume [...]

India Infoline has recommended buy rating on Dena Bank with a target of Rs 88, in its November 25, 2009 report. In our view, Dena Bank has completed its downfall and has created a medium term bottom around the levels of Rs78. From the current level, the stock can only move towards one direction, i.e. [...]

India Infoline has recommended buy rating on Sintex Industries with a target of Rs 265, in its November 25, 2009 report. “Sintex Industries advanced by over 3% and closed above its 50-DMA, suggesting continuation of an intermediate uptrend. Moreover, the swift movement in the stock over the week was backed by impressive volumes. The stock [...]

Hem Securities has come out with a research report on Andhra Bank. The research firm has recommended buying the stock with the price target of Rs 155 in medium term. “At the current price of Rs 117, the Bank is trading at 6.01times to its TTM EPS of Rs 19.45. The bank has posted whopping [...]

Angel Broking has come out with a research report on Rico Auto. The research firm has maintained an accumulate rating on the stock, with a target price of Rs 31. “We maintain that FY2010E will be a year of recovery for most domestic Auto Component manufacturers. In case of Rico, its investments in joint ventures [...]

Karvy Stock Broking has come out with a research report on Torrent Pharma. The research firm has maintained outperformer rating on the stock with a price target of Rs 445. “Domestic formulations business comprises 40% of the business. The gross margins of the company have improved on the back of better product mix and lower [...]