The rally in zinc prices to their highest since 2007 has helped to boost the overall profits of Vedanta, which has zinc projects in India, South Africa and Namibia.
Krish Subramanyam of Altamount Capital recommends selling Hindalco Industries and Vedanta.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Eicher Motors, Tech Mahindra, Interglobe Aviation, Vedanta, ICICI Prudential Life Insurance and Bata India and can sell IDFC and India Cements.
The other bidders in the fray so far include Tata Steel, which is likely not be very aggressive in bidding, while Vedanta and JSW Steel are unlikely to submit binding offers leaving it a two-way fight between the two.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Steel, Vedanta and Jindal Steel & Power.
Ashwani Gujral of ashwanigujral.com recommends buying Ashok Leyland with a stop loss of Rs 128 and target of Rs 142, a buy on NIIT Tech with a stop loss of Rs 830, target of Rs 860 and a sell on Bank of India with a stop loss of Rs 145, target of Rs 132.
Mitessh Thakkar of mitesshthakkar.com suggests selling Ambuja Cements and HCC.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy United Breweries and can sell Vedanta.
The market breadth was in favour of the declines on Monday morning with 120 stocks advancing while 1532 stocks declined and 382 stocks remained unchanged. On the BSE, 266 stocks advanced while 1960 stocks declined and 79 remained unchanged.
Motilal Oswal is bullish on Vedanta has recommended buy rating on the stock with a target price of Rs 416 in its research report dated January 31, 2018.
Sudarshan Sukhani of s2analytics.com recommends buying BHEL, Dabur India, Jet Airways, Wockhardt and IOC.
The long-term rally could stretch depending on the kind of budget which will be presented by the Government on Thursday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, Infosys and Vedanta and hold SBI while one can exit HPCL.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Reliance Industries, Vedanta and HDFC Bank and can sell Hindustan Petroleum Corporation.
Amit Gupta of ICICIdirect recommends buying State Bank of India, Vedanta and Oracle Financial Services.
Rajat Bose of rajatkbose.com recommends buying Vedanta, Steel Authority of India and Nahar Poly Films.
The market breadth was in favour of the advances on Thursday morning with 804 stocks advancing as against 782 declines while 418 remained unchanged. On the other hand, 1051 stocks advanced and 948 stocks declined while 85 remained unchanged on the BSE.
Yogesh Mehta of Motilal Oswal recommends buying Bharat Forge, Vedanta and Hexaware Technologies.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla, DLF, Sun TV Network and ITC and exit Apex Frozen Foods.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, NMDC and JSW Steel.
The market breadth was in favour of the advances on Tuesday morning with 1047 stocks advancing as against 541 declines while 419 remained unchanged. On the other hand, 1292 stocks advanced and 701 stocks declined while 78 remained unchanged on the BSE.
Ashwani Gujral of ashwanigujral.com recommends buying Jaiprakash Associates, Vedanta and United Breweries.
The market breadth was in favour of the advances on Wednesday morning with 960 stocks advancing as against 649 declines while 389 remained unchanged. On the other hand, 1357 stocks advanced and 868 stocks declined while 89 remained unchanged on the BSE.
Electrosteel Steels, which owes Rs 10,273.6 crore to its lenders, was among the 12 companies which the RBI had referred for insolvency proceedings.
The suggestion in the form of a full-page advertisement in national dailies came at a time oil regulator DGH has proposed to the petroleum ministry to sell 60 per cent stake in 15 producing oil and gas fields of the Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) to private firms.