
Tribhovandas Bhimji Zaveri (TBZ):
Kunal Bothra of LKP is of the view that one can sell Tribhovandas Bhimji Zaveri (TBZ) if it slip below Rs 240.
Bothra told CNBC-TV18, "I think the correction is likely to continue in Tribhovandas Bhimji Zaveri and if you look at the technicals as well, the move from Rs 180 to Rs 260-265 was followed by three gap-ups and now on its way down, it is probably trying to fill the first gap-up which is around Rs 240-242 levels. So I think if the stock comes down to Rs 240, it again becomes probably a sell or anyone who is long at Rs 200 or Rs 180 levels can look to book profits here. But I think do not go long in this stock at this point. That is what I would recommend."
TTK Prestige:
Kunal Bothra of LKP is of the view that one can go long on TTK Prestige with a target of Rs 3800.
Bothra told CNBC-TV18, "I think TTK Prestige is an excellent chart. This is one stock which - my sense is that if it completes the bullish flat formation which it is showing a daily charts about Rs 3,400, I think if that gets broken with on the back of good volumes, I think the stock can move very fast and very swiftly to Rs 3,800. Also if you look at the short-term averages, the 20 (day) moving average, you look at the pattern of this stock on daily charts probably two months back where it was hovering around Rs 3,400-3,600 band, it is forming a similar sort of pattern. Currently also it is forming a similar sort of pattern. So my sense is if Rs 3,400 gets broken, this is one stock, which probably from a 2-3 weeks perspective, one should definitely go long. My target is Rs 3,800 and the stop loss is Rs 3,200 on TTK.
Balrampur Chini:
Way2Wealth is bullish on Balrampur Chini Mills and has recommended accumulate rating on the stock in its November 20, 2012 research report.
"Sugar division reported stellar performance during the quarter reporting 50% increase in sales volume at 2.39lakh t against 1.59lakh t reported in Q2FY12. The firm was holding 4.66lakh t of low cost sugar inventory valued at Rs28670/t at the end of Q1FY13 which has benefited them. AT the end of current quarter inventory stands at around 2.26lakh t. Buoyant sugar prices improved realization for the quarter at Rs34.3/kg as against Rs28.2/kg for the corresponding period. Blended realization stood at Rs33/kg during the quarter. This has improved EBIT/t to Rs3126/t improving EBIT to Rs74.94cr against loss of Rs3cr for the corresponding period."
Simplex Infra:
SPA Research is bullish on Simplex Infrastructures and has recommended buy rating on the stock with a target of Rs 243 in its November 16, 2012 research report.
GoodReturns.in
DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.
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