Jitendra Panda, Head Sales - Broking at Capital First Securities feels Ambuja Cements may go to Rs 198. "The way the consolidation happening is looking for a longer term, the positions are getting build from larger investors and looking for seasonal positive where it comes for after the rainy season for cement sector," he reasoned.
Jitendra Panda, Head Sales - Broking of Capital First Securities is of the view that Lupin may touch Rs 890.
Jitendra Panda of Capital First Securities recommends buying IndusInd Bank with a target of Rs 455 and a stoploss at Rs 430.
Given the market condition, there will be sellers only. Nobody would like to invest. On every fall, new positions are coming in, says Jitendra Panda, Head of Sales Broking at Capital First.
Jitendra Panda of Capital First Securities recommends buying Hindalco Industries. "One may keep a stoploss at Rs 100 and see the target of Rs 110," he adds.
According to Jitendra Panda of Capital First Securities, Bharat Petroleum Corporation (BPCL) may touch Rs 300. "One needs to keep a stop loss at Rs 288. The oil sector should do well as this had corrected in the August series," he adds.
Jitendra Panda of Capital First Securities recommends selling Dabur India at current level as the stock may touch Rs 137-140.
Jitendra Panda of Capital First Securities recommends selling IndusInd Bank with a stoploss of Rs 390.
Jitendra Panda of Capital First Securities expects Divis Laboratories to touch a target price of Rs 1035-1055. "Keep a stoploss at Rs 982," he adds.
Jitendra Panda of Capital First Securities feels that Jet Airways should do well. At 14:22 hours IST, the stock was quoting at Rs 637.90, up 11.16 percent.
Infosys has target of Rs 2950, says Jitendra Panda, Capital First Securities.