Jan 09, 2013, 01.19 PM | Source: CNBC-TV18
Investors can buy Tata Steel at around Rs 400-405 levels, says Amit Trivedi, Director, FinStream Financial Advisors.
Amit Trivedi (more)
Director, FinStream Financial Advisors | Capital Expertise: Equity - Technical
Trivedi told CNBC-TV18, "Right now most of metals have moved up, they have rallied. Tata Steel has moved from around Rs 360-370 levels a month back to around Rs 430-440 levels right now. So we think the stock should consolidate at these levels. So we would not like to buy stocks at this point of time but we feel this could be an interesting trade for entire 2013. We feel investors can buy Tata Steel at around Rs 400-405 levels because as China is stabilizing, Europe is stabilizing and US post March would stabilize you may see decent run up in these stocks."
He further added, "If we look at the earnings per share for Cipla over the last seven-eight quarters there has been a steady stable growth in the earnings per share of the company. We think this should continue with the new CEO who has joined in things should improve further. So we like that particular security. We feel Cipla can be bought at around Rs 415-420 levels. It is slightly higher right now around Rs 435 levels. From a one year perspective we feel it can go to around Rs 500 levels."
What's driving Tata Steel post Q3 loss, bearish analysts
Credit Suisse maintains an underperform rating wit
Top buzzing midcap stocks to trade on Feburaray 5
Sell Tata Steel, says Rajat Bose
Rajat Bose of rajatkbose.com is of the view that o
Tata Steel consolidated Dec '15 sales at Rs 28,039.02 crore
Tata Steel has reported a consolidated total incom
Tata Steel Q3 disappoints; posts cons net loss of Rs 2127 cr
Consolidated earnings before interest, tax, deprec
Sell Tata Steel, Glenmark; buy Asian Paints: Sudarshan Sukhani
Sudarshan Sukhani of s2analytics.com is of the vie
Why US tech giants are buying British AI start-ups
Microsoft announced that it had acquired London-ba
Is the worst over for the crumbling steel industry?
The fallout once again became clear on Friday, whe