'BUY' or 'SELL' ideas from experts for Friday, 30 May 2014
JK LakshmiBSE 3.59 % Cements Ltd is a 'BUY' call with a target of Rs 197 and a stop loss of Rs 180
BEMLBSE 9.62 % is a 'BUY' call with a target of Rs 645 and a stop loss of Rs 600
UCO BankBSE 1.91 % is a 'BUY' call with a target of Rs 118 and a stop loss of Rs 102
Tata Global BeveragesBSE -0.54 % Ltd is a 'SELL' call with a target of Rs 138 and a stop loss of Rs 152
Wipro LtdBSE -1.04 % is a 'SELL' call with a target of Rs 475 and a stop loss of Rs 510
stocks in focus in Friday morning trade
Here is a list of ten stocks which are likely to be in focus today:
Tata Motors Ltd: Automobile major reported a net profit of Rs 3,920 crore during Jan-March quarter, down 0.3 per cent, against a net profit of Rs 3,931 crore, in the corresponding quarter last fiscal. It was lower than ET NOW poll estimate of Rs 4,570 crore.
Hindalco Industries Ltd: Leading metals producer Hindalco IndustriesBSE 0.57 % today reported a 48.51 per cent decline in standalone net profit to Rs 248.15 crore in the fourth quarter ended March 31, mainly due to exceptional items.
Trent Ltd: Undeterred by the BJP's apparently unyielding stance on foreign direct investment (FDI) in multi-brand retail, Tesco is going ahead with its proposed $110 million investment to open stores in a joint venture with Tata's TrentBSE 0.92 % Hypermarket.
IOC Ltd: The country's biggest refiner Indian Oil CorporationBSE 0.73 % will raise $1.65 billion debt in overseas market in the current financial year. The company will raise $900 million through external commercial borrowings to replace short-term costlier loan while another $750 million will be raised over the financial year, its director finance PK Goyal said.
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