Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Ashwani Gujral of ashwanigujral.com is of the view that one may exit Religare Enterprises.
The index closed on a flat note but there plenty of action seen in the S&P BSE 500 index. Ten stocks rose in the range of 10-22 percent in just 5 trading days which include names like Radico Khaitan which rallied 22 percent, followed by Hatsun Agro which surged 15 percent, and Religare Enterprises was up by 15.5 percent in the same period.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
The top loser in Nifty50 Index were Indiabulls Housing Finance followed by Bajaj Finance and State Bank of India while the stocks that hit new 52-week low on the Nifty were Amara Raja Batteries, Wockhardt and Reliance Communications.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Federal Bank.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may exit Religare Enterprises around Rs 100.
Pankaj Jain of Sunteck Wealthmax recommends to go long on Religare Enterprises, DCB Bank and Reliance Capital.
SP Tulsian of sptulsian.com advises to buy Mangalore Chemicals with a target price of Rs 48.50 and Marico with a target price of Rs 215.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Religare Enterprises took support at Rs 450. It has poised a long-term to about Rs 560. So, a long-term investor certainly have a reason to be in it. Even for short-term, getting next 12-15% move is fairly possible. So this will outperform, says Rahul Mohindar, viratechindia.com.