There have been genuine turnaround cases like Hexaware but apart from that, there is not anything fundamentally different happening in the midcap IT segment. So to that extent, I would not be too enthused about buying into them
These are not good times to invest in telecom especially when you are aware about what is happening to the sales numbers and reduction of mobile ubscribers as well.
Leaving aside the trading gains that might happen in stocks like IFCI, since that happens to be a trading favourites, investor does not have much to look forward to in a stock like IFCI.
Avoid OMC stocks, buy into upstream cos at 5%-10% lower price: Angel Broking
ET Now 12 Sep 2012, 16:57
ET Now 12 Sep 2012, 16:57
With whatever is happening now, it will be more than a brave soul to get into oil marketing companies. So that is clearly an avoid.
We continue to like larger private sector banks, so Axis Bank is something that we continue to buy on all declines.
Asian Paints Ltd is a ‘BUY’ call with a target of Rs 3950 and a stop loss of Rs 3790.
Indian markets were witnessing a rangebound session. Following are the top six trading picks for short term trade.
BGR Energy Ltd is a ‘BUY’ call with a target of Rs 275-278 and a stop loss of Rs 260.
Jet Airways Ltd is a ‘BUY’ call with a target of Rs 360-362 and a stop loss of Rs 343.
Geometric Ltd is a ‘BUY’ call with a target of Rs 119 and a stop loss of Rs 112.
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