Buy India Infoline, sell Mahindra and Mahindra

Mahindra & Mahindra has been affected due to stalling of production at its unit in Rudrapur, Uttaranchal, due to domestic unrest. The share can see some downside pressure.

Shishir Asthana October 07, 2011 08:55:37 IST
Buy India Infoline, sell Mahindra and Mahindra

India Infoline (Buy above Rs 71.50, target of Rs 75)

Carlyle group announced that it has picked up around 9 percent in domestic broking house India Infoline through open market purchase. This news can see a good bounce in the counter, which can also roll over to the entire sector.

Buy India Infoline sell Mahindra and Mahindra

Mahindra & Mahindra can see some downside pressure.

Mahindra & Mahindra (Sell below Rs 776.65, target of Rs 760)

Mahindra & Mahindra has been affected due to stalling of production at its unit in Rudrapur, Uttaranchal, due to domestic unrest. The share can see some downside pressure, which can be only temporary in nature as stalling of production is not due to any labour issues like in Maruti.

Shipping Corporation of India (Sell below Rs 69.65, target of Rs 67.50)

Shipping ministry, as was the case with aviation ministry, is trying to micro manage the company. The ministry has stalled SCI's expansion and diversification plan. This move will not go well with the investors, who very well know what the ministries are capable of.

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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