Indian Stock Market

According to Khandwala Securities Market Preview report, the local stocks are likely to maintain a downward bias.

Brokerage houses are bullish on Tata Power, DLF, Alembic, Bharat Forge and Andhra Bank.

According to Hem Securities Morning Note, Nifty is having resistance at 4549/4583 while Support is at 4503/4472 levels.

According to Angel Broking Market Outlook report, if Nifty trades below 4546/15177 for the first halfanhour of trade then it may correct upto 4476–4434.

Brokerage houses are bullish on Yes Bank, JK Bank, Union Bank, Ankur Drugs, Suzlon and Sunil Hitech.

According to Angel Broking Market Outlook report, if Nifty trades above 4465 during the first halfanhour of trade then we may witness a further rally upto 4553–4604.

Rahul Mohindar of Viratechindia is of the view that one can buy SBI, Axis Bank, Union Bank from a medium-term to long-term perspective.
Mohindar told CNBC-TV18, “It is very important to be selective in banking space because one has got a fairly wide choice here. I would look at going at State Bank of India (SBI), […]

Great Offshore CMP: Rs 400 Target Price: 500 Domestic broking house Asit C Mehta has recommended a buy on the offshore service provider – Great Offshore citing opportunities in the offshore services sector and company’s expansion plans as the main reasons. “We expect the company’s sales to grow at a CAGR of 14.7% and […]

Axis Bank
CMP : Rs 584
Target Price : Rs 600
BNP Paribas Group has revised its target for the private sector bank to Rs 600 from Rs 750, while reiterating its rating to reduce, post first quarter results. “We revise earnings estimates, TP (target price) to factor in […]

Suzlon
CMP: Rs 189
Target Price: 216
Citigroup has maintained its sell rating on wind energy major — Suzlon, cutting its price target to Rs 216 from Rs 303 earlier. “The price target reduction is largely to factor in 2-10% earnings cut on reductions in WTG (wind turbine generator) mega watt assumptions by 200 mw, 500 mw and […]