Prakash Gaba of prakashgaba.com is of the view that the logical technical target of 9969 is still valid as long as 9792 holds. The crucial support for the Nifty is at 9792-9720 and the resistance is at 9916-9969. Bnak Nifty has support at 24000 and resistance at 24300.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Bharat Forge and Century Textiles and can sell JSW Energy, Karnataka Bank and Godfrey Phillips.
There has been a change of guard at JSW Energy. Prashant Jain has taken over as the Joint MD and CEO from Sanjay Sagar last month. 28,000-30,000 megawatt (MW) of the capacity is stranded and sitting idle at this point in time and these are high cost power plants which are right now sitting with huge debt, he said.
Backed by strong balance-sheet, JSW Energy will continue consolidation in the domestic power sector and look at buying stressed assets, its Chairman Sajjan Jindal said.
JSW Energy, Asian Paints, Page Industries and Tata Steel are on the radar of Kotak Securities
Mitessh Thakkar of miteshthacker.com is of the view that Jet Airways and Interglobe Aviation look promising while he likes JSW Energy.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy PTC India, CRISIL, Gujarat Fluorochemicals and Britannia Industries and sell IndusInd Bank.
Vijay Chopra of enochventures.com feels that JSW Energy may move to Rs 90-95.
Ruchit Jain of Angel Broking recommends buying Manappuram Finance with a target of Rs 104 and Ashok Leyland with a target of Rs 100.
Ruchit Jain of Angel Broking is of the view that one may buy Ajanta Pharma with a target of Rs 1745.
The shift in sourcing will also help companies trim costs and conform to the changing regulatory norms.
Tata Elxsi, Amara Raja Batteries, Castrol, HDFC Ltd, HCL Technologies, JSW Energy, India Cements are on the radar of Reliance Securities
Shrikant Chouhan, Senior VP- Technical Research at Kotak Securities recommends JSW Energy, Bharat Forge and Allahabad Bank
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Arvind, Eicher Motors and Anant Raj and sell ITC and Jubilant Foodworks.
Ashwani Gujral of ashwanigujral.com suggests buying DLF, ICICI Prudential and Edelweiss Financial.
Edelweiss recommended hold rating on JSW Energy with a target price of Rs 66 in its research report dated May 02, 2017.
Motilal Oswal is bullish on JSW Energy has recommended buy rating on the stock with a target price of Rs 88 in its research report dated May 02, 2017.
While having a hold call on the stock with target price at Rs 67, Deutsche said valuations looked fair.
In an interview to CNBC-TV18, Sanjay Sagar, Joint MD & CEO of JSW Energy spoke about the results and his outlook for the company.
JSW Energy today reported a steep 91.74 percent drop in its consolidated net profit from a year ago at Rs 24.76 crore for the March quarter, largely due to lower power generation.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Indo Count Industries, IDFC, JSW Energy and Syndicate Bank and can sell Torrent Pharma.
Vishal Malkan of malkansview.com is of the view that one may buy Indian Bank with a target of Rs 330.
CA Rudramurthy BV, Research Heat at Vachana Investments suggests buying HDIL, JSW Energy and IDFC Bank.
According to Mitessh Thakkar of miteshthacker.com, one can buy Apollo Hospitals, JSW Energy and Reliance Capital.
Besides ministry officials, representatives from SBI Capital Markets, JSW Energy, Adani Enterprises, Jindal Steel & Power, Tata Steel, Hindalco Industries and GMR took part in the meeting.