Motilal Oswal is bearish on Avenue Supermarts has recommended sell rating on the stock with a target price of Rs 873 in its research report dated October 17, 2017.
The top gainers in Nifty50 Index were Hindustan Petroleum Corporation which zoomed 4 percent followed by Bharti Infratel and Bharti Infratel which added 3.71 percent and 2.98 percent respectively. From the oil & gas space, Indian Oil Corporation was the top gainer, up 2.15 percent while 2-wheeler manufacturer Bajaj Auto gained 1.92 percent.
In the Nifty50 Index, the top gainers were GAIL India which was up 2.33 percent followed buy Bharti Infratel which added 1.79 percent while Sterlite Technologies was the top gainer in the BSE which zoomed 8.92 percent.
Nifty on Tuesday was trading in the green up 22.85 points at 10, 012 led by Reliance Industries, Infosys and Lupin which were among the top gainers, up 1.58 percent, 1.34 percent and 2.29 percent respectively.
Reliance Industries and Infosys were among the top gainers, up 1.73 percent and 1.36 percent respectively, apart from stocks like Lupin, UPL and Power Grid which gained up to 2.3 percent. In the Nifty50, the advance-decline ratio was in favour of the advances with 29 stocks advancing and 20 stocks declining.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy United Spirits and SREI Infra and sell Apollo Tyres and Ceat.
Registering a whopping increase of 234 percent since its listing in March 2017, the stock has been a massive wealth creator ever since
According to Prakash Gaba of prakashgaba.com, 9685 is under threat and only a move above 9860 would negate the down move. The crucial support for Nifty is at 9685 and the resistance is at 9860-9911. Bank Nifty on the other hand has support at 23750 and resistance at 24250.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Adani Transmission, Allahabad Bank, IIFL Holdings and Bata India.
The company's Q1 net profit increased 47.7 percent at Rs 174.7 crore versus Rs 118.4 crore, in the same quarter last fiscal.
Ashwani Gujral of ashwanigujral.com suggests buying Avanti Feeds and feels that there is more upside in Avenue Supermarts.
DLF,Avenue Supermarts,State Bank of India, and Infosys are on the radar of Kotak Securities
Rajesh Kothari of AlfAccurate Advisors is of the view that one may look at Shankara Building Products.
Ashwani Gujral of ashwanigujral.com feels that Avenue Supermarts may move to Rs 950-1000.
Ashwani Gujral of ashwanigujral.com recommends buying Max Financial Services, BGR Energy Systems and KEC International and advises holding Avenue Supermarts.
Ashwani Gujral of ashwanigujral.com bets on financials and avoid IT and pharma stocks. Buy JSPL and sell TCs and HDIL," he adds.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9580-9540 and resistance at 9660-9713 while Bank Nifty has support at 23250 and resistance at 23600.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Marico and can sell Tech Mahindra and Crompton Greaves.
Ashwani Gujral of ashwanigujral.com recommends buying Ambuja Cements while one can also look at buying Escorts, ICICI Bank and Sun YV.
Kotak Institutional Equities has maintained a sell rating with a 12-month target price of Rs 580, which translates into a downside of 28 percent from current levels.
Important key points in earnings to watch out for would be its revenue growth, same-store-sales growth and margin.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Glenmark Pharma and JSPL and buy Avenue Supermarts.
Rajat Bose of rajatkbose.com is of the view that Indian Overseas Bank may test Rs 32.70 while Union Bank may hit Rs 195.
Mitessh Thakkar of miteshthacker.com suggests buying IDBI Bank, Bank of India, Union Bank on minor intraday dips. "One can also buy Avenue Supermarts," he adds.
Ashwani Gujral of ashwanigujral.com