BIG BOSS
VIKAS PARSHURAM SAMWATSARE
Technical Analyst
PARTNER
PARSADAM GROUP
STOCK MARKET PARK
(Views expressed are personal. The chartist may have interest in some or all of the stocks.)
Tata Steel
Recommendation: Buy
Upward
Last Close: Rs 573
Target: Rs 600-610
Stop Loss: Rs 540
This stock has a good base at Rs 540. The positive divergence in hourly as well as daily charts along with improving indicators and rising volume indicates an upward movement. The stop loss is Rs 540, with an upside target of Rs 600-610.
Upward
Last Close: Rs 573
Target: Rs 600-610
Stop Loss: Rs 540
This stock has a good base at Rs 540. The positive divergence in hourly as well as daily charts along with improving indicators and rising volume indicates an upward movement. The stop loss is Rs 540, with an upside target of Rs 600-610.
NTPC
Recommendation: Buy
Defensive Bet
Last Close: Rs 178.25
Target: Rs 187-195
Stop Loss: Rs 174
This stock has corrected from Rs 222 to a low of Rs 165. The stock is improving with positive MACD and higher volume. This would be a good defensive stock in a weak.
Defensive Bet
Last Close: Rs 178.25
Target: Rs 187-195
Stop Loss: Rs 174
This stock has corrected from Rs 222 to a low of Rs 165. The stock is improving with positive MACD and higher volume. This would be a good defensive stock in a weak.
LIC Housing
Recommendation: Buy
Bullish
Last Close: Rs 228.75
Target: Rs 260
Stop Loss: Rs 220
With a higher-bottom-higher-top formation on daily charts, this stock is showing strength for an upside move. It is well placed above the moving averages of different periodicities. It is also above the 200-DMA moving average, which adds to our buying recommendation
Bullish
Last Close: Rs 228.75
Target: Rs 260
Stop Loss: Rs 220
With a higher-bottom-higher-top formation on daily charts, this stock is showing strength for an upside move. It is well placed above the moving averages of different periodicities. It is also above the 200-DMA moving average, which adds to our buying recommendation
Godrej Industries
Recommendation: Buy
Bullish
Last Close: Rs 202
Target: Rs 215
Stop Loss: Rs 190
This stock has been moving in good momentum with higher volume. There is a higher-bottom-higher-top formation with positive indicators. The RSI being above Rs 60 in daily charts indicates a further strong move in this stock. The target is Rs 215.
Bullish
Last Close: Rs 202
Target: Rs 215
Stop Loss: Rs 190
This stock has been moving in good momentum with higher volume. There is a higher-bottom-higher-top formation with positive indicators. The RSI being above Rs 60 in daily charts indicates a further strong move in this stock. The target is Rs 215.
L&T
Recommendation: Buy
Market price: Rs 1680
Target price: Rs 1960
Increased outlay for core sectors in 12th plan is a big opportunity for L&T. A strong order book and quick execution of infra and power projects provide growth visibility. Valuation is attractice at 17x FY13E EPS of Rs 98.6.
Market price: Rs 1680
Target price: Rs 1960
Increased outlay for core sectors in 12th plan is a big opportunity for L&T. A strong order book and quick execution of infra and power projects provide growth visibility. Valuation is attractice at 17x FY13E EPS of Rs 98.6.
Allahabad Bank
Recommendation: Buy
Market price: Rs 199
Target price: Rs 295
Allahabad Bank has a 55% government holding. It has pan-India presence with 2,415 branches. The key investment rationales are high NIMS, well-capitalised, strong business growth and high CASA ratio. Valuation is attractive at 0.9xP/ABV & PE FY 13E.
Market price: Rs 199
Target price: Rs 295
Allahabad Bank has a 55% government holding. It has pan-India presence with 2,415 branches. The key investment rationales are high NIMS, well-capitalised, strong business growth and high CASA ratio. Valuation is attractive at 0.9xP/ABV & PE FY 13E.
IL&FS Transportation
Recommendation: Buy
Market price: Rs 200
Target price: Rs 320
A pan-India presence and an asset-light model make ITNL's business model de-risked. Robust order book and strong execution capabilities provides good growth visibility. Valuation is attractive at 6.7x FY13E EPS of Rs 30.
Market price: Rs 200
Target price: Rs 320
A pan-India presence and an asset-light model make ITNL's business model de-risked. Robust order book and strong execution capabilities provides good growth visibility. Valuation is attractive at 6.7x FY13E EPS of Rs 30.
TIL
Recommendation: Buy
Market price: Rs 462
Target price: Rs 800
TIL provides infra solutions through material handling, construction and mining and power systems solutions. It has an association with Caterpillar. Its new MHE facility will commence in Q2FY12. It is available at a valuation of 5.8x its FY13E earnings.
Market price: Rs 462
Target price: Rs 800
TIL provides infra solutions through material handling, construction and mining and power systems solutions. It has an association with Caterpillar. Its new MHE facility will commence in Q2FY12. It is available at a valuation of 5.8x its FY13E earnings.
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