 "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.
Bharti Airtel after moving sharply on account of hiking its tariff rates has taken a breather. However, on Wednesday it has shown strength with the stock closing near the high of the day. Bharti Airtel can touch Rs 450 if it manages to cross Wednesday’s high of Rs 432.40.
[caption id=“attachment_49423” align=“alignleft” width=“380” caption=“Bharti Airtel after moving sharply on account of hiking its tariff rates has taken a breather. Reuters”]
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Dish TV has bounced back from its earlier low of Rs 81.50 and closed near the high of the day at Rs 84.15. The stock can move up to Rs 90 as its results has already been discounted.
Divis Lab is very close to its all time high. The company is likely to post good set of number on Thursday which can take the stock to Rs 875, provided it manages to cross Rs 837.90, its Wednesday high.
Exide has been consolidating in the Rs 150 for the last four days. The stock can move higher as it withstood the market selling pressure for the last two days. Exide can bounce back to Rs 160 and offers a good risk reward trade.
EKCwas a sell call below Rs 91.55 with a target of Rs 86. The stock touched a low of Rs 91 and closed the day at Rs 91.30. We maintain our price target of Rs 86.
Reliance Powerwas also a sell call below Rs 116.60 with a target of Rs 112.50. The stock touched a low of Rs 114.40 and closed the day at Rs 115.05. We continue with our call and maintain the price target.
Our sell call onTata Motorswas triggered below Rs 965.65. The stock touched a low of Rs 948.30 and closed at Rs 955.95. We maintain our price target of Rs 925.
GAILwas a short sell call below Rs 464.55 with a target of Rs 445. The stock touched a low of Rs 452.15 and closed the day at Rs 458. We continue with our bearish sentiment on the stock and maintain the target.
ACCwas a buy call above Rs 995.05 with a target of Rs 1,040. The stock went up to a high of Rs 1,001.90, but closed the day lower at Rs 999.95. We maintain the target, we would move our stop loss to Rs 987.60.
Also listen to our podcast with Venky Vembu, our editor from Hong Kong, on what can impact the market today:
“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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