Reliance Energy

The news of upcoming IPO of Reliance Power, a 51% subsidary of Reliance Energy has sparked a new interest in this stock. The stock was up 7.9% on Friday and closed at 1205.50. Sudarshan Sukhani is still bullish on this stock from Investment perspective and suggests a target of Rs 2500 for long term investors.

Infosys Technologies

CLSA has maintained its BUY rating on Infosys technologies. The stock price of Infosys had a good day after the news and closed 5% higer.

Arvind Mills

Technical Analyst, Sudarshan Sukhani holds the view that Arvind Mills can be accumulated on dips. He thinks that it has had a breakout from its range and is on definite upward tread. This is a good opportunity to buy.

CMP: 61.90

Reliance Power

It is speculated that Reliance power is going to raise around $2.5-3 billion through IPO. Reliance Power is a 51% Subsidiary of Reliance Energy.

Stock Tip: Kesoram Industires

Kesoram Industries is looking quite good with a target of Rs 680-700. Keep a stop loss of Rs 515-520

CMP: Rs 578

Unitech

Ashwani Gujral holds the view that Unitech may consolidate in the short term but should go back to about Rs 400.

CMP: 314.25

RPL and RNRL

As per Technical Analyst Sudarshan Sukhani, one should book profits in Reliance Petroleum and Reliance Natural Resources

Markets today

SENSEX finally closed above the 17K mark today. Technology and Metal stocks were the start performers today. Infosys was up 5% today, while Sterlite Ind was up by 9%. Reliance Petro was among the major losers today.

Technical Analysts Ashwani Gujral is of the view that the long term fundamentals are still positive but the markets may consolidate in the near future.

Stock Tip: Omaxe

Omaxe looks like a good buying opportunity at this point. Keep a stop loss of 325-330 for a target of 45-455

CMP: 339.10

Tech Stocks

Frontline technology stocks have been doing well since the last two trading sessions. If you also compare their prices most of them were very close to their 52 week lows. This could be a good opportunity to buy frontline stocks.

Broker recommendation: ITC

Sharekhan is still quite bullish on ITC. They have maintained a buy recommendation on ITC with a target of Rs 200.

IFCI

IFCI is still very positive. Wait for correction and buy IFCI on dips.

CMP: 97.85

Nagarjuna Construction

Nagarjuna Construction has bagged 3 new orders work Rs 243 crores, which includes consruction of "Embassay of India complex" at Kathmandu.

Block Deal

50 lakh TTML shares changed hands today on NSE and BSE over a number of deals.

Stock News

- Tata Sons has acquired 14.68% stake in Praj Industries worth Rs 338.24 crore.

- Videocon is about to foray into the domestic mobile telephony business. They have applied for licences in all 22 telecom circles in the country.

Tata Teleservices

Tata Teleservices gained smartly today. It closed at 43.55 which is 7.00% higher than yesterday. I gave this recommendation when the price of this stock was 28.40. A cool 53% increase!!!

IPO News: Supreme Infrastructure India

Supreme Infrastructure India (SIIL) has been oversubscribed by almost 3 times on the third day of its issue. The offer will close on September 26th. The feedback for this has mostly been positive and investors can subscribe for listing gains as well as for investment.

Stock Markets today

Markets ended relatively flat today after a rather dramatic day!! SENSEX touched 17000 mark but closed at 16921.39, 21.85 points up from yesterday. It took 6 days for SENSEX to reach 17K from 16K!!

Although Technology shares have being lagging behind for quite some time now but they were the major propellers today. Satyam gained 4.81% while Wipro closed 4.33% higher than yesterday. Banking shares also had a relatively good day today.

Stock idea: Idea Cellular

Idea cellular looks like a good buy from a long term perspective.

CMP: 129.70

Hot Stock: GMR Infra

You can buy GMR Infrastructure with a stop loss of 760-770 for a target of 990-1015.

CMP: 855

Ashwani Gujral's Views

Ashwani Gujral has given a buy recommendation for Oswal Chemical with a stop loss of Rs 40 for a target of Rs 62.

I had given this call when it was 36.15 :-)

CMP: 50.40

Zoooooom

RNRL was up 21% again today and closed at 93.60!! NSE posted record turnover today thanks to anything named Reliance!!!

Rate cut

HDFC has cut the floating home loan rates by 0.5%, FIxed home loan however remains at 13.25%.

Stock Tips: Unitech

Unitech has the momentum to touch Rs 400 levels.

CMP: Rs 350.25

Buzzing stocks: Reliance

RNRL soared by almost 38% on friday on reports of Anil Ambani group having applied for a licence to foray into gas distribution business. It touched Rs 76.60, up almost 35% on BSE. Over the last one week it has gained almost 50%!!

Stock Tips: Cairn India

Cairn India is looking very positive and may touch 200

CMP: 178

Good news for Rupee...

Rupee finally breached the psychological mork of 40 to touch 39.85 against the dollar, a nine year high!!! It closed today at 39.89. Rupee a better bet than the stock markets then??

IPO News

CCCL and Koutons have been subscribed almost 4 times their size on the third day of the issue.

Koutons Retail IPO: Subscribe

Investors can subscribe to the Koutons Retail IPO for listing as well as long term gains.

Stock Tips : Buy Aptech

Aptech is looking quite positive with a long term target of 490-500

CMP: 374.35

Stock Tips: CEAT

Buy CEAT for a target of 225-235

CMP: 184

Stock Tips: Everest Kanto

Everest Kanto is looking good for a target of 285-300

CMP: 233.10

Stock Tip: Buy Hotel Leela

Hotel Leela has prospects to touch 70-75 in the next 6-12 months

CMP: 44.95

Stock Tip: Buy Praj Industries

Praj Industries is a good investment option

CMP: 216.10

Mysore Cements

This stock has shown steady performace and has good prospects in future.

CMP: 55.15

Kernex Microsystems

Kernex microsystems is rumoured to have bagged a Rs 2000 order from Railways. Stock is locked at 5% upper circuit since the last 2 days.

Stocks to Buy

TTML and IDBI are good buys right now