Suggestion: Global Market doesn’t seem to be in good shape. Indian market is in consolidating stage and results are also that as good as in previous quarter. But still consider 30% risk all over and accordingly make 50% of total cash invested.
Tips:
Sell Airtel
Tgt: 310
Stpls: 325
Sell HDFC Bank
Tgt: 1956
Stpls: 2080
Sell Unitech
Tgt: 78
Stpls: 87
Sell Omaxe Ltd
Tgt: 100
Stpls: 110
Buy Sterlite Ind
Tgt: 185
Stpls: 170
Sell JP Associates
Tgt: 118
Stpls: 125
HOT STOCKS:
To Buy:Indiabulls Power,
To Sell:HDIL, Allahabad Bank, GMR Infra, Fortis Healthcare, RIL
MFs to Buy:
Diversified 1) Birla SL Dividend Yield (G) , 2) ICICI Pru Discovery Fund (G)
ELSS: 1) Canara Robeco Tax Saver (G), 2) HDFC Tax Saver Equity Fund (G)
Debt: 1) LIC MF Floating Rate (G) 2) Can Robeco Income (G)
New Fund Offers: 1) Canara Robeco Large Cap+ (G), 2) Axis Triple Advantage Fund (G)
Upcoming IPO’s: 1) Engineers India Ltd.(Jul 27- 10Jul 30) 5.00
2) SKS Microfinance Ltd.(Jul 28- 10Aug 02) 10.00
NEWS FRONT
1. Fortis quits Parkway race as Khazanah ups offer
2. Sensex sheds 111 points on RBI rate hike fears
3. ‘SKS Microfinance fixes IPO price band at Rs 850-985’
4. SEL to invest Rs 1,920 cr on yarn spinning unit in MP
5. Heavy rain narrows monsoon shortfall, boosts crops
6. SAIL to invest Rs 100 cr to revive UP plant
7. Oil jumps above $79
CORPORATE RESULTS
1. BHEL Q1 net up 42% to Rs 667.6cr, beats estimates
2. Maruti Suzuki Q1 PAT down 20.37% at Rs 465cr
3. IOC posts Rs 3,388-cr loss as refining margin slumps
4. United Bank Q1 profits rise 53.5%
5. Indian Bank Q1 net up at Rs 368-cr on interest income
6. RINL posts Rs 10,635 cr turnover
7. RIL Q1 net profit seen up 2.3% at Rs 4820 cr
8. Sterlite Q1 profit up 50% at Rs 1,008.43 cr
9. Tech Mahindra Q1 net up 10% at Rs 144 cr
10. Dabur net jumps 21%; announces 1:1 bonus
Remarks: My best wishes are with all the traders and hope you would like them. For any queries contact me personally on +91-9873233952
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