"The company will gain from operating leverage in aluminium. We feel investors could buy the stock with target price of Rs 100," says Sumit Bilgaiyan, Founder of Equity99.
"Oscillators like RSI & MACD are in oversold zone. Sustenance trade above 10140 levels may add upside momentum till 10,190 and 10,250 marks. Strong support is seen around 9,900-10,000 levels," says Rajesh Agarwal of AUM Capital.
"The Nifty has taken support around its major moving average of 200 SMA i.e. 10,160 levels which might work as strong support zone in near term. Sustenance trade below 10140 marks may drag Index further lower till 9,900-10,000 zones," says Rajesh Agarwal of AUM Capital.
Sandeep Wagle of powermywealth.com recommends buying National Aluminium Company and Tech Mahindra.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports and Special Economic Zone, National Aluminium Company, Dr Reddy's Laboratories and Gujarat State Petronet Limited and can sell Jet Airways and Mahindra & Mahindra.
Ashwani Gujral of ashwanigujral.com advises buying NIIT Technologies, Ujjivan Financial Services and NALCO.
Sandeep Wagle of powermywealth.com suggests buying IndusInd Bank and National Aluminium Company.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Asian Paints, Gruh Finance, HUDCO and Nalco and sell Bharat Forge.
Operating profit is expected to surge 56.9 percent to Rs 306 crore and margin may expand 240 basis points to 15 percent compared to same quarter last year.
Mitessh Thakkar of mitesshthakkar.com suggests buying Dalmia Bharat, National Aluminium Company, Shriram Transport Finance and Gateway Distriparks.
Vishal Malkan of malkansview.com advises selling Power Finance Corporation with target of Rs 115.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9630-9580 and the resistance is at 9724 and he picks Hindustan Zinc, Nalco and TVS Motor as bullish plays and HDIL as a bearish play.
"Iran's proposal is attractive as long as gas prices are attractive, but not much of an indication in that area has come," Chairman Tapan Kumar Chand told Reuters.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bajaj Finance, IGL, Grasim Industries, Arvind and Bata India and sell NALCO.
Stocks in news | ITC | Sun Pharma | Britannia | Cipla | NMDC | Fortis Healthcare | Renaissance Jewellery | Lypsa Gems | ITI | Max Ventures | VA Tech Wabag | Tata Power | Infosys | NALCO | Dr Reddys Laboratories and UPL are stocks, which are in news today.
The company has fixed floor price for the offer at Rs 67, which is 8.8 percent discount to Tuesday's closing price of Rs 73.45.
Nalco chairman-cum-managing director T K Chand also said the company would enhance the procurement volume from the MSME sector.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Dishman Pharma with a target of Rs 245.
Hindalco Industries | Lupin | Tata Motors | Aurobindo Pharma | Apollo Hospital | NALCO | Dr Reddy's Labs | A2Z Infra | Syngene | Motilal Oswal | IIFL | Accel Frontline and Zenotech Labs are stocks, which are in the news today.
"With the aluminium market firming up, the Navaratna PSU foresees sunny days ahead and plans to increase cast metal production by 12 percent in the next fiscal," National Aluminium Company Ltd (Nalco) said.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- DLF, Tata Motors, TVS Motor, Hero Motocorp, Bajaj Auto, Wockhardt, Coal India, Jubilant Foodworks, Biocon and Nalco.
"Soma Mondal has taken charge as Director (Commercial) of SAIL. Mondal is the first ever woman functional Director on the company's board," SAIL said in a statement.
Domestic aluminium makers want minimum import price (MIP) to protect against surge of cheap imports, but the commerce ministry â€œcautiousâ€ as move may not be strictly WTO-compliant
"The MoU, signed yesterday, will further strengthen Nalco's initiatives being undertaken under Sustainable Development Framework (SDF) and has the potential for being a benchmark for best practices in bauxite mining," Nalco CMD T K Chand said.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.