Attractive stock picks for today

Published on Thu, Sep 15, 2005 at 11:52 |  Source : Moneycontrol.com

Updated at Fri, Sep 16, 2005 at 10:21  

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Analysts believe that the market uptrend is intact and are bullish on sectors like steel, construction and auto.

Analysts say that stocks like  Tata Motors , Maruti , Tisco , Arihant Foundation , Ashiana Housing , Ansals , Patni Computer , Hinudstan Dorr Oliver , Gail , Welspun India , ITC , ABB , IOB , Wockhardt and Jindal Stainless , are providing good trading opportunities for investors.

Technical analyst, Ashwini Gujral:

He says, "Among interesting trading ideas, Patni Computer looks good at the Rs 500 level, Hindustan Dorr Oliver looks good at Rs 440 level and Welspun India looks good, above the Rs 143 level, its target would be Rs 180 level."

He is also bullish on stocks like ITC and ABB, he says, "Clearly ITC, ABB are stocks which have been leading till now, they may be going through reactions, but this is a great opportunity to get into them because they are likely to make several new highs before they top out."

Ravi Chadha of Prodigy Investments:

Chadha also lists few good picks and is particularly bullish on the construction sector.

He says, "Stocks like Arihant Foundation, Ansals and Ashiana Housing are some of the smaller stocks in the construction space, but in the coming times they will be much larger than what they are today."

  

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