 Ashwani Gujral's top 5 picks for trade todayPublished on Mon, Nov 09, 2009 at 10:05 | Source : CNBC-TV18 Updated at Mon, Nov 09, 2009 at 11:34 26156 Investors following Hind Constr. Share this News with them.
Buy Canara Bank with a target of Rs 380 per share and stop loss at Rs Rs 345 per share Banking has come back after a deep correction. Interest rates might be raised in the future. But we have seen that on earlier cycles, banking tends to outperform well into the rise of interest rates. So one can buy Canara Bank with a stop of about Rs 345 per share and target here for the short-term could be easily Rs 380 per share. Punjab National Bank (PNB) has hit a new high, so that becomes one of the stronger, largercap public sector undertaking (PSU) banks. One can buy this stock with a stop of about Rs 870 per share and target here could be closer to Rs 920 per share. Buy Mphasis with a target of Rs 785 per share and stop loss at Rs 675 per share Mphasis has hit new highs. IT has remained strong and in a market that is still 400 points lower than its intermediate high, stocks hitting new highs are good bets. So we buy with a stop of about Rs 675 per share and target here could be Rs 785 per share. Buy Media did well on Friday and Deccan Chronicle is one of the best media stocks-strongest of the lot. Out here we can buy with a stop of about Rs 145 per share and the target could be closer to Rs 162 per share. Buy Construction and infrastructure also did well on Friday- Nagarjuna and Continued on next page...
PREVIOUS STORY Trending NewsBusiness News
|
News MS Sahoo Says On CNBC-TV18 New Guidelines Are An Improvement Over The Old Ones  The latest earning numbers FIRST on CNBC-TV18
Videos
May 29 2012, 12:19 Expect Tata Motors Q4 PAT at Rs 4200 cr: StanChart - in Brokerage Results Estimates Interviews
 May 29 2012, 22:37 | Source: CNBC-TV18  May 29 2012, 17:34 | Source: CNBC-TV18  Subscribe to Moneycontrol Newsletters |
||||||
