Stock Check: Idea gains in strength
The stock play was such that a couple of them missed out, but others played to our tune.
Firstposthas 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.
Allahabad Bankwas a buy call with a target of Rs 215. The stock touched a high of Rs 206.65 and closed at Rs 206.10. We maintain the target of Rs 215 for the stock.
Bank of Barodawas a buy call with a target of Rs 915. The stock touched a high of Rs 888.50 but closed lower at Rs 876.30. We maintain the price target for the stock.
Our buy call on Roltaabove Rs 128 was triggered. The stock touched a high of 129.55 and closed at Rs 129.05. We maintain our target of Rs 134 for the stock.
Ideawas a buy call above Rs 79.45 with a target of Rs 85. The stock touched a high of Rs 81.60 and closed at Rs 81. We maintain our target on the stock.
Shriram Transport Financewas a buy call with a target of Rs 690. The stock touched a high of Rs 686 and closed at Rs 682.35. We maintain our target on the stock.
Essar Oilwas a buy call, however, our stop loss of Rs 126.40 was triggered.
ICICI Bankwas a sell call with a price target of Rs 1,015. The stock touched a low of Rs 1,046.5 and closed at Rs 1,054.
India Cementswas a sell call with a target of Rs 70. The company plunged to a low of Rs 73 and closed at Rs 73.35 on Wednesday. We continue our sell call and maintain the target.
Patni Computershas been a sell call since Wednesday below Rs 341.15. The stock touched a low of Rs 332 but closed higher at Rs 339.90.
"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.
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Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year
Allahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.