9 stocks to watch out for today

Today we have chosen the following stocks: ABG Shipyard, Chambal Fertilisers, DCB, Indian Hotels, Allahabad Bank, Bank of Baroda, Rolta, Idea and Shriram Transport Finance.

Shishir Asthana July 14, 2011 07:11:22 IST
9 stocks to watch out for today

The 9 stocks below are the top picks for the day across small-, mid- and large-cap companies that offer a wide array of choices to retail as well as long-term investors.

ABG Shipyardhas broken out of its range closing 2.38% higher at Rs 385.45. The stock can touch Rs 400 if the current momentum is maintained.

9 stocks to watch out for today

Bank of Baroda stocks are expected to do well on Thursday. Reuters

Chambal Fertiliser has also moved above its previous high of Rs 84.30. The stock can touch Rs 88 from where it had rebounded earlier.

DCB barely crossed the high of Rs 65 it made in April. The stock touched a high of Rs 65.10 and closed at Rs 64.45. It can touch a price of Rs 68 above this high.

Indian Hotel did not participate in the rally on Wednesday. The stock closed near the low of the day at Rs 78.35. If the stock breaches Rs 78, it can touch a level of Rs 74.

Allahabad Bankwas a buy call with a target of Rs 215. The stock touched a high of Rs 206.65 and closed at Rs 206.10. We maintain the target of Rs 215 for the stock.

Bank of Barodawas a buy call with a target of Rs 915. The stock touched a high of Rs 888.50 but closed lower at Rs 876.30. We maintain the price target for the stock.

Our buy call onRoltaabove Rs 128 was triggered. The stock touched a high of 129.55 and closed at Rs 129.05. We maintain our target of Rs 134 for the stock.

Ideawas a buy call above Rs 79.45 with a target of Rs 85. The stock touched a high of Rs 81.60 and closed at Rs 81. We maintain our target on the stock.

Shriram Transport Financewas a buy call with a target of Rs 690. The stock touched a high of Rs 686 and closed at Rs 682.35. We maintain our target on the stock.

"Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds."

FIRSTPOST DISCLAIMER: Firstpost brings you information and opinions on shares, funds and other investment options based on broker reports and private equity research. Investors are, however, warned that they should NOT take any buy or sell decision based on the views expressed in our posts or what market movements. Investors should consult their own financial and share advisors before taking purchase or sale decisions. Firstpost does not take any responsibility for any losses incurred by investors who take their cues from our posts and chat sessions.

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