KS Oils (Buy above Rs 9.90, target of Rs 10.50)
Newsreports suggest that US based ADM may buy four plants of KS Oils, which will go a long way in improving the company's financial, which is an immediate worry. The stock can see some relief rally on this news.
SBI (Sell below Rs 1750, target of Rs 1,710)
SBI, say reports, is likely to slash its rights issue size to Rs 5000 crore. The issue is expected in December 2011. Though the bank's plan of coming out with the issue, earlier than expected is a positive, cutting the size of the issue significantly will go negatively with investors, as this size barely covers the banks capital adequacy requirement.
Reliance (Sell below Rs 825, target of Rs 800)
Reliance is again in the midst of controversy, with the CAG raising fresh concerns about costs claimed by the company for its D6 basin. The company will not witness serious buying till it comes clean on these issues and jacks up its production.
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Updated Date: Dec 20, 2014 15:09:06 IST