Buy Aban, Bajaj Hindusthan; sell BGR Energy

Aban (Buy above Rs 338.55, target of Rs 350)

Aban has bounced back from its previous low of Rs 333 on Tuesday, as markets consolidated towards the end of the day. With crude oil rising by 2.5 percent in international markets, we can expect a bounce in the counter.

[caption id=“attachment_99624” align=“alignleft” width=“380” caption=“With Food Minister KV Thomas hinting on Tuesday of a possible de-control of sugar sector beyond November, the sector can witness some buying activity. Punit Paranjpe/Reuters”]  [/caption]

Bajaj Hindusthan (Buy above Rs 37.75, target of Rs 39)

With Food Minister KV Thomas hinting on Tuesday of a possible de-control of sugar sector beyond November, the sector can witness some buying activity. Bajaj Hindusthan is trading close to its rights issue price. This news can see increased activity in the counter.

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BGR Energy (Sell below Rs 301.65, target of Rs 295)

BGR Energy has been witnessing selling pressure over the last two weeks, despite the company bagging a huge order for a power plant. The stock now trades at levels at which it was when the announcement of the order came. BGR Energy looks weak and can test its previous low.

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