Elections 2014: ‘BUY’ or ‘SELL’ trading ideas from experts for Friday, 16 May 2014
Indian markets are expected to trade in a range on Friday following muted trend seen in other Asian markets. However, the index is likely to remain volatile and traders should maintain strict stop losses while trading, say experts.
ET Now spoke to various experts and here's what they have to recommend for today's trade:
TVS Motor Company LtdBSE 2.57 % is a 'BUY' call with a target of Rs 131 and a stop loss of Rs 115
Deepak Fertilisers Ltd is a 'BUY' call with a target of Rs 152 and a stop loss of Rs 137
Gujarat Fluorochemicals LtdBSE 4.63 % is a 'BUY' call with a target of Rs 368 and a stop loss of Rs 340
Axis Bank LtdBSE 4.66 % is a 'BUY' call with a target of Rs 1700 and a stop loss of Rs 1650
stocks in focus in Friday morning trade
Here is a list of ten stocks which are likely to be in focus today:
Adani group stocks: Adani group of companies such as Adani EnterprisesBSE 4.88 %, Adani Ports and Adani PowerBSE 3.91 % will be in focus as the election results unfolds. These stocks have already gained a lot in the run up to election results and if formation of Modi led government is confirmed these stocks will rally further more.
RCF Ltd: State-owned Rashtriya ChemicalsBSE 2.43 % and Fertilisers Ltd (RCF) has reported 30 per cent increase in net profit at Rs 152.47 crore for the fourth quarter ended on March 31, despite decrease in income.
Deepak Fertilisers Ltd: As the battle for control of Mangalore Chemicals & Fertilizers Ltd (MCFL) hots up, Deepak Fertilisers Chairman Sailesh Mehta hinted he was open to discussions with the rival alliance of Vijay Mallya and Saroj Poddar of the Zuari Group.
Cairn India Ltd: Oil explorer Cairn Energy has agreed a $575 million loan to help it to develop North Sea fields in a move welcomed by analysts as an indication that a tax dispute over its Indian assets will not cause any long-term damage to the company.
Infosys Ltd: InfosysBSE 0.89 % Chairman and Chief Mentor N R Narayana Murthy on Thursday termed his company's performance as "creditable" and assured investors that the company remained on track to regain its lost momentum in two years.
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