Glaxo gets a rally tonic, L&T hits a block

Firstpost has been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.

We had a buy call on Glaxo above Rs 2,412, which was triggered. The stock touched a high of Rs 2,447 and closed the day at Rs 2,435. We maintain the target of Rs 2,550 for the company.

[caption id=“attachment_24808” align=“alignleft” width=“380” caption=“Get clued in on prices and stock performance. Reuters”]  [/caption]

SKF was also a buy call above Rs 655 with a price target of Rs 675. The stock touched a high of Rs 665, but closed lower at Rs 647. We maintain the price target, but would like to increase the stop loss to Rs 643.

More from Investing

MSMEs are breaking the traditional convention. Look who’s funding them Scale-up your startup without an investor! Here’s how

Divi’sLaboratories too was a buy call which was initiated. The stock touched a high of Rs 804 on Monday and closed at Rs 801.90. We have a target of Rs 825 for the company which will be maintained.

Jain Irrigation was a sell call below Rs 152 with a target of Rs 140. We were not triggered in the stock.

L&T was a short call below Friday’s low of Rs 1,678. The stock did pierce this level and touched a low of Rs 1,676. However, it bounced back immediately and stopped us out above Rs 1,695.

We are bearish on MRPL with a target of Rs 73. The stock did go down to Rs 75 and closed the day at Rs 76.20.

We had given a sell call onReliance Communications on Friday below Rs 92.20. We have been stopped out of the stock above Rs 93.85.

Our sell call onIDFC was activated below Rs 133.85. The stock slipped to a low of Rs 131.20 on Monday and closed the day at Rs 132.20. We maintain a target of Rs 128 for the stock.

We were bullish onIdea Cellular above Rs 72.15. On Monday, the stock moved in a narrow range between a high of Rs 72.70 and a low of Rs 71.50. We maintain our price target of Rs 77 and keep a stop loss below Rs 71.50.

“Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds.”

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 is discussed in our chat sessions on 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.