Buy Bharti Airtel, target of Rs 453: Sharekhan

Sharekhan has maintained its buy rating on Bharti Airtel with a target price of Rs 453 in its August 19, 2009 research report.

"For April-June 2009 quarter, Bharti Airtel (Bharti) has been successful in strengthening its gross revenue (GR) market share to 33.8% and maintaining its subscriber market share at 24%, despite the tough competition due to entry of new players. We maintain our 'Buy' recommendation and price target of Rs 453 for the stock," says Sharekhan's research report.

Source : Money Control
Get Free SMS Update on your mobile phoneSubscribe
Also Dont forget to subscribe to email news letter as you shouldn't miss any thing !

Read the full post...

NIFTY Technicals and Weekly Free Stock Tips

NIFTY had a relatively good run this week compared to last week.
The week ahead looks good.

NTFTY Trin : 2.294
Current spot : 4580.05
Support : 4425 and 4375
Resistance : 4641 and 4729

We have Adani Power Listing on Thursday i.e. 20th.

Weekly Stock Tips :

Bharti Airtel : Buy above 410 for targets of 430 and 455. SL of 395

Cairn India : Buy above 250 for targets of 260 and 270. SL of 242

GMR Infra : Buy above 135 for targets of 145 and 152. SL of 130

IndusInd Bank : Buy above 95 for targets of 103 and 110. SL of 89

NIFTY Autogenerated technical.

Read the full post...

Intraday Tips and market outlook for 7th July

State of Markets abroad :
US markets ended mixed.
Europe ended in red.
Asia has opened mixed.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 13400-12600 and the resistance to the up move is at 14420-15000
Nifty: (4166) the support for the Nifty is at 3870 and the resistance to the up move is at 4250

Day Trading Ideas :

LNT : Buy above 1475 for targets of 1486 and 1495. Keep a SL of 1463.

Praj Ind : Buy above 88.50 for targets of 89.25 and 90.45. Keep a SL of 87.65

Airtel : Buy above 791 for targets of 808 and 815. Keep a SL of 793

Read the full post...

Q3 Earnings Update!

My 2 cents on what to expect of the earnigs being announced today.

Reliance Industries - A big question mark on Q3, but whatever the management has to say today will define how the indexes move. It is most weighted stock in Senex & Nifty and is bound to pull its weight

Ranbaxy Laboratories Ltd - Good scrip to look out for especially after
Japan company merger. I think Healthcare is recession proof.

Bharti Airtel - Is expected meet estimates for Q3. But Outlook will be worrying due to saturation in current markets. Newer market penetration will require capital expenditure which will be hard to come by in Q4.

Idea Cellular - I am a seller of this Telecom company. With too much competion and a price war looming, margins will be affected, it will be difficult to survice without a merger with one of the bigger companies or even 2 smaller partners working together.

Kotak Mahindra - One of the better investment and financial banks. They seem to have limited exposure to any toxic assets. I will be a buyer of this stock at these levels. Earnigs should be encouraging.

-- About Me --

I am Tushar Makhija, co-founder of stockezy.com and like contributing to IndianMoneyPlus.com. I like the open minded approach of the authors. Looking to participate more. If you guys are interested in meeting many such like-minded bloggers and people interested in investing, check out stockezy.com

Read the full post...

Stocks to look out for 2009

Bharti Airtel - Upside expected of 25% from CMP.
Unitech - Upside expected of 150% and even more from CMP.
Suzlon - Upside expected of 50% or more from CMP.
R Com. - Upside expected of 30% or more from CMP.
LNT - Upside of 25% to 40% from CMP.
Sun Pharma - Upside of 20% from CMP
Ranbaxy - Upside of 35% from CMP.
HDIL - Upside of 40% from CMP.
NTPC - Upside of 25% from CMP.

And just remember FD would have given you 10% returns in one year. And just see what these stocks can possibly give you.
Data is prepared by Vinod Jethmalani.

Subscribe for free Email Updates - Click here.

Free SMS Updates subscribe - Click here.

Read the full post...

Sensex surges over 300 pts on PM’s assurance.

The 30-share index, which opened higher by 160 points, surged further by 323.93 to 8,774.94 points despite weak global markets.

The benchmark Sensex soared by over 320 points in late morning trade on Friday after Prime Minister Manmohan Singh assured that country will sustain a growth rate of 8% despite the adverse impact of the global financial crisis.

The 30-share index, which opened higher by 160 points, surged further by 323.93 to 8,774.94 points despite weak global markets. The BSE barometer had tanked over 2,100 points in the last seven trading sessions.

The wide-based National Stock Exchange’s Nifty moved up by 95.25 points at 2,648.46 points.

“We have the ability to sustain a growth rate of about eight per cent. And we will do so,” the Prime Minister said at the Hindustan Times Leadership Summit here.

Marketmen said sentiment turned better after government data showed inflation declined by 0.08% to 8.90% during the week ended 8 November.

Country’s most valuable company Reliance Industries gained Rs19.40, or 1.83%, at Rs1,078, while ONGC stocks gained Rs24.50, or 3.77%, at Rs674.90 mainly contributed rise to the Sensex.

SBI stocks gained Rs26.75, or 2.45% at Rs1,119.30.

Other gainers were BHEL, Larsen and Toubro, Bharti Airtel, DLF Ltd, Grasim Industries, Maruti, Mahindra, Mahindra and Sterlite Industries. Tata Power and Tata Consultancy. - Mint

Read the full post...