9 stocks to watch out for today

Today we've chosen the following stocks: Allahabad Bank, Idea, Rolta, Bank of Baroda, Bank of India, Indian Hotel, Chambal Fertiliser, IDFC and Exide.

Shishir Asthana December 20, 2014 13:54:06 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.

Bank of Indiahas seen selling pressure over the last two days. However, the stock has held on to the low of Rs 401. The stock can touch its previous low of Rs 385 if low of Rs 401 is broken.

9 stocks to watch out for today

Good idea to buy. Arko Datta/Reuters

Exidehas held on to its bottom of Rs 163 for the last three days. In the last hour of trade on Thursday, the stock witnessed good buying. If this buying continues, the stock can touch Rs 175.

IDFC posted a strong move on Thursday by moving up by 2.91% to close the day at Rs 138.15. The stock again met with selling at Rs 140 levels, from where it has moved down twice in the past two weeks. The stock can go up to Rs 147 levels if it crosses Rs 140.

Chambal Fertiliserwas a buy call with a target of Rs 88. The stock touched a high of Rs 86.35 and closed the day at Rs 85.35 on Thursday. We maintain our buy call and target for the stock.

Indian Hotelwas a sell call below Rs 78.35 with a target of Rs 74. The stock touched a low of Rs 77.60 and closed at Rs 78.80. We maintain our sell call and target of Rs 74.

Allahabad Bankwas a buy call with a target of Rs 215. The stock touched a high of Rs 209.40 and closed at Rs 207.50. 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 896 but closed lower at Rs 885.70. We maintain the price target for the stock.

Our buy call onRoltaabove Rs 128 was triggered on Wednesday. The stock touched a high of Rs 129.70 and closed at Rs 128.45. 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 81.50 and closed at Rs 81.05. 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."

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