PNB, BHEL among 10 buy and sell calls for Friday's trade

PNB, BHEL among 10 buy and sell calls for Friday's trade

The domestic market is expected to open higher after Asian shares extended their recovery from two-month lows into a fifth day as the Wall Street market volatility gauge fell, while the US dollar was undermined by various worries including rising inflation.

At 8:30 am, SGX Nifty was trading at 10,588.50, up 31.50 points or 0.30 per cent. 

Below are the key trading ideas for Friday's trade:

1) PNB (Buy)

Target: Rs 140
Stoploss: Rs 125 
CMP: Rs 128

  • ED confiscated funds worth Rs 5100 crore
  • The stock jumped post recapitalisation from Rs 128.80 level itself 
  • Pullback expected on technical charts. 
  • Short-covering possible ahead of expiry
  • JP Morgan has a neutral rating with a target of Rs 195

2)  RAMCO SYSTEMS (Buy)

Target: Rs 480
Stoploss: Rs 467 
CMP: Rs 470

  • Mid and smallcap IT firms are on an uptrend
  • The stock remained stable amid broader market volatility

3)  BHEL (Buy)

Target: Rs 98
Stoploss: Rs 93 
CMP: Rs 94.70

  • The company received orders worth Rs 560 for emission Control 

4) IRB Infra (Buy)

Target: Rs 232
Stoploss: Rs 225 
CMP: Rs 227.35

  • Financial closure of NHAI road project
  • Financial closure completed for Kishangarh-Gulabpura toll
  • The project is worth Rs 1020

5) INDOCO REMEDIES (Buy)

Target: Rs 270
Stoploss: Rs 258 
CMP: Rs 270

  • Received GMP certificate for Goa unit from European regulator 

6) WOCKHARDT (Sell) 

Target: Rs 780
Stoploss: Rs 800 
CMP: Rs 794.70

  • Sell-off going on post Q3 earnings
  • Buy calls receding in futures trade

7) MOTHERSON SUMI SYSTEMS (Sell) 

Target: Rs 325
Stoploss: Rs 347 
CMP: Rs 343.25

  • The stock settled at day's low in previous session
  • Buy calls receding in futures trade

8) GRANUELS (Sell)

  • Sell-off going on for last two days
  • Sell-off on the back of heavy volumes

9) Prakash Industries (Buy)

Target: 226
Stoploss: Rs 217

  • The company will issue convertible warrents worth Rs 1 crore to promoters
  • The company plans to raise Rs 208 crore

10) ZEE ENTERTAINMENT (Buy)

Target: Rs 600
Stoploss: Rs 560 
CMP: Rs 571

  • Morgan Stanley overweight on the stock with a target price of Rs 610
  • Motilal Oswal also has a Buy rating with a target price of Rs 705 

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)

Written By: ZeeBiz WebTeam
Updated: Fri, Feb 16, 2018
08:28 AM IST
ZeeBiz WebDesk
RELATED NEWS
Anil Singhvi: Unless coronavirus vaccine comes, things will not improve significantly Anil Singhvi: Unless coronavirus vaccine comes, things will not improve significantly
EXPLAINED! Anil Singhvi on his campaign to protect investors and save their hard-earned money; reveals market strategy going forward EXPLAINED! Anil Singhvi on his campaign to protect investors and save their hard-earned money; reveals market strategy going forward
Share market today: Abbott India, Aavas Financiers share prices rise, fight off negative Sensex, Nifty trend Share market today: Abbott India, Aavas Financiers share prices rise, fight off negative Sensex, Nifty trend
Anil Singhvi’s Strategy March 30: 8,300-8,400 is Next Support Zone on Nifty Anil Singhvi’s Strategy March 30: 8,300-8,400 is Next Support Zone on Nifty
Stocks in Focus on March 30: MCX, Delta Corp to Lupin; here are the 5 Newsmakers of the Day Stocks in Focus on March 30: MCX, Delta Corp to Lupin; here are the 5 Newsmakers of the Day

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x