 "Sell BHEL, but Maruti is a buy")
BHEL (Sell below Rs 1,760, target of Rs 1,725)
The Cabinet has cleared government’s divestment of 5 percent in BHEL late on Tuesday. BHEL has not participated in the recent rally in the market. The news of further liquidity being created in the stock as a result of this divestment will push the stock down.
Maruti (Buy above Rs 1,100, target of Rs 1,130)
[caption id=“attachment_73959” align=“alignleft” width=“380” caption=“Despite news of a strike at its Manesar plant, Maruti closed near the high of the day on Tuesday. Reuters”]  [/caption]
Despite news of a strike at its Manesar plant, Maruti closed near the high of the day on Tuesday, displaying good value buying at the current level. By Tuesday evening, there was announcement of partial resumption of production. Though we had a sell call for Tuesday’s trading day, our call was not triggered as the stock did not breach our entry level. We have changed our stance on the stock due to the strength displayed by it.
Everonn (Sell below Rs 434, target of Rs 400)
On Tuesday evening, a news channel reported arrest of Everonn managing director over bribery charges for allegedly concealing taxable income to the tune of Rs 116 crore. The stock has a sizeable institutional holding, which would like to get out of the counter on corporate governance issues.
“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 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.
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2011/08/maarutire.jpg){kind=link}