At Wipro, the restructuring is going in the right direction. It is possibly taking more time then what we anticipated but it is a fairly decent level to enter the stock.
You get clarity on how these companies can be judged over a period of time, till that clarity emerges it is very difficult for anybody to ascribe any value to the stocks.
Till the concerns remain on the balance sheet and the markets are focussed more on the quality of earnings and cash flows, it is very unlikely that the stock will do well.
Sesa Goa Ltd is a ‘SELL’ call with a target of Rs 158 and a stop loss of Rs 180.
Apollo Tyres Ltd is a ‘SELL’ call with a target of Rs 83 and a stop loss of Rs 95.
Bajaj Auto Ltd is a ‘SELL’ call with a target of Rs 1580 and a stop loss of Rs 1660.
Hindalco Industries Ltd is a ‘SELL’ call with a target of Rs 102 and a stop loss of Rs 108.10.
Cummins India Ltd is a ‘SELL’ call with a target of Rs 447 and a stop loss of Rs 465.
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