Buy NHPC for target of 38 -Bonanza

Bonanza research has recommended buy rating on NHPC with a target of Rs 38, in its December 28, 2009. “NHPC is India’s largest Hydro Power Company.  It is adding capacities at regular intervals.  If Government allows it to sell power on merchant basis, its earnings can grow substantially.  In the present scenario, we expect NHPC [...]

ONGC strikes Huge Natural gas reserve in Tripura

Oil and Natural Gas Corporation has stuck a gas well at Sundaribari in South Tripura District, sources say. Preliminary examination shows that low-resistiveity sand perforated in the interval of 2,164-68 meter prorduced gas at the rate of 16,000 million cubic meter per day, officials say. The gas reserve is huge and the discovery would form [...]

Buy HCC for target of 160 -India Infoline

IndiaInfoline is bullish on Hindustan Construction Company, HCC and has recommended buy rating on the stock with a target of Rs 160, in its December 29, 2009 research report. “On the daily chart, HCC has given a bullish breakout.  A detailed analysis of the volumes of HCC reveals that maximum interest has been displayed by [...]

Buy Jagran Prakashan for target of 140 -Bonanza

Bonanza research is bullish on Jagran Prakashan and has recommended buy rating on the stock with a target of Rs 140, in its December 23, 2009 research report. “Jagran Prakashan is among the largest print media houses in India. Its flagship brand Dainik Jagran is the largest circulation newspaper in India.  The scrip is at [...]

Buy RelInfra for tgt of 1160 -India Infoline

IndiaInfoline has recommended buy rating on Reliance Infrastructure with a target of Rs 1160, in its December 29, 2009 research report. Reliance Infra is trading 28% lower than its 52-week high of Rs1,404 in October 2009, but higher than its low of Rs45 in March 2009. A detailed study of Reliance Infra shows a distinctive [...]

Market poised for further rally-Angel Broking

Sensex (17,361) / Nifty (5,178) Leading stock broker Angel Broking expects that on the downside indices had an immediate support at 16,640 / 4,950 levels for next week and maintains its bullish stance with a stop loss of 4,930 levels.  The initial part of the week witnessed a correction up to 16,578 / 4,944 levels, [...]

Reliance Industries ups its bid for LyondellBasell

Reliance Industries (RIL) has updated its non-binding proposal for LyondellBasell (LB). It is learnt that the revised proposal has a significantly higher cash component of USD 5-6 billion from the earlier offer of USD 2 billion. The Apollo Group, which has an exposure as lender to LB of about USD 10 billion, have submitted a [...]

HDIL stock pick for 29th december 2009

HDIL (Previous close 366) The stock has formed “Bullish Flag Pattern” with decent volumes on daily chart.  Daily RSI, Stochastic and MACDh are featuring in bullish zone.  Weekly RSI also entered into Bullish zone.  Moreover on Friday, the stock has given a close above 61.8% retracement level of previous dynamic corrective wave.  Looking at all [...]

Stock pick for 29th December

Adityabirla Nuvo (Previous close 911) Friday, the stock had broken uncertain clusters of candles signals and formed “Long White Candle” bullish candlestick pattern with strong volume breakout on daily chart.  Daily RSI, Stochastic and MACDh are featuring in bullish zone.  Weekly RSI has also entered into Bullish zone.  As per Fibonacci study stock has given [...]

Nifty View for 29/12/2009

Nifty (previous close 5178) Last week Nifty had finally tested important resistance level of 5181 level and weekly chart has formed “Long White Candle” bullish candlestick pattern, which suggests up move is likely to continue.  Daily RSI and Stochastic featuring in bullish zone.  Strong support formed at 20 Days SMA which is placed at 5075 [...]

« Previous Page — Next Page »