Management's topline guidance for FY17 of Rs 31,000 crore is achievable going by the earnings, says Rabindra Nath Nayak, Sr. Research Analyst (Power and Capital Goods), Dolat Capital Group Company.
If the deal does not go through, some pressure will be seen on the stock in near-term, says Tarang Bhanushali of IIFL who has a reduced rating on Tata Steel. In case of no deal, the target price for the stock is Rs 305.
Tarang Bhanushali, AVP-Research at IIFL is of the view that Hindalco Industries may test Rs 125.
Tarang Bhanushali of IIFL gives his opinion on Vedanta‘s March quarter performance.
Speaking to CNBC-TV18, Tarang Bhanushali said margin pressure for BHEL is likely to ease from FY16 onwards but downgraded the company‘s earnings estimates for FY15.
Tarang Bhanushali of IIFL recommends accumulating the stock with a target price of Rs 160 per share.
In an interview to CNBC-TV18, Tarang Bhanushali of IIFL and Giriraj Daga of Nirmal Bang Institutional Equities spoke about the financial performance of the company in the quarter gone by and the road ahead.
Tarang Bhanushali of IIFL advises buying Tata Steel with a target of Rs 433. "We would see Tata Steel reporting a jump in profit of around 50-60 percent," he reasoned.
Tarang Bhanushali, IIFL believes stable earnings in Corus coupled with volume push from domestic capacity and with stable steel prices over the next one year, Tata Steel may report a jump in profit of around 50-60 percent.
Tarang Bhanushali of IIFL believes that in the international market, gold prices would head towards USD 1,270 per ounce. In the domestic market, the prices have been supported by the fall in the rupee against the dollar. On intraday basis one can short gold for a level of Rs 27,550 per 10gm.
Tarang Bhanushali of IIFL expects some correction in gold and silver. He suggests to sell gold around Rs 27,640 per 10gm keeping a target of Rs 27,450 per 10gm and a stop loss of Rs 27,710 per 10gm.
Tarang Bhanushali of IIFL believes the company is unlikely to disappoint execution wise on the topline. But concerns on company's margins remain, so the street may reduce estimates going forward.
If crude closes above USD 100 per bbl then it is headed towards USD 109-110 pre bbl in the international market, commodity expert, Tarang Bhanushali of IIFL said.
Tarang Bhanushali of IIFL believes that sentiment for precious metals continues to remain bearish. He adds, "We are short both on gold and silver in the international market as well as in domestic market".
Tarang Bhanushali of IIFL expects international gold prices to go down before the Fed announcement. He further adds, "We expect the global commodities to cool down to some extent. So, we are again short on crude".
Some correction in the domestic market can be used as an opportunity to buy gold now, commodity market expert, Tarang Bhanushali, IIFL said.
Tarang Bhanushali of IIFL believes that the dollar index hitting new highs would lead to further selling in gold prices in the near-term.
In an interview to CNBC-TV18, Tarang Bhanushali of IIFL shared outlook on commodities market.
In an interview to CNBC-TV18, Tarang Bhanushali of IIFL spoke about the commodity market. Bhanushali said, "Till crude oil stays above USD 92 per barrel levels, we would remain net buyers in it".
In an interview to CNBC-TV18, Tarang Bhanushali, IIFL shared his outlook on precious metals and copper.
In an interview to CNBC-TV18, Tarang Bhanushali of IIFL recommends buying gold around Rs 29,500 per 10gm. "Keep a target of Rs 29,700 per 10gm and a stop loss of Rs 29,380 per 10gm", he adds. He also suggests selling copper on every bounce.
Tarang Bhanushali of IIFL says, "In the near-term we are net sellers in gold. On MCX one can sell gold around current levels of Rs 29,440 per 10gm keeping Rs 29,240 per 10gm target on the downside".
Tarang Bhanushali of IIFL expects gold price to decline. "Rise in dollar would lead to a selling pressure in most of the commodities and precious metals would be impacted the most," he said in an interview to CNBC-TV18.
Gold prices in the international market are likely to trade in the range of USD 1,565 per ounce to USD 1,590 per ounce, Tarang Bhanushali of IIFL said in an interview to CNBC-TV18.
Tarang Bhanushali of IIFL suggests shorting crude around Rs 5,130-5,140 per bbl keeping target of Rs 4,950 per bbl and strict stop loss of Rs 5,210 per bbl.