Stock: Pantaloon Retail India
CMP: Rs 274
Target: Rs 246 - short-term perspective
Stop Loss: Rs 288
Reason: Technical Analysis
Recommended By: Hindu BusinessLine
Thursday, 25 September 2008
Sell: Pantaloon Retail India
Day Trading Guide - 26th Sep 08
ICICI Bank
Desist trading in this counter for the session as the stock is in a sideways consolidation.
Infosys
A significant support for the stock is at the Rs 1,457-level. Buy the stock in dips with tight stop-loss at Rs 1,457.
L&T
The stock was volatile in the previous trading session and it formed a doji candlestick pattern, indicating neutral stance. Avoid trading in this counter for the day.
ONGC
Initiate fresh long position only if the counter exceeds the Rs 1,085-level, with stiff stop-loss.
Reliance Capital
The stock is trading in a narrow range bound. We retain our prior view of avoiding trading in this counter for the session.
Reliance Communications
We retain our buy recommendation in this counter.
Reliance Industries
Initiate fresh long-position if the stock surpasses Rs 2,060-level with close stop-loss.
Satyam Computer
Buy the stock in dips with stop-lose at Rs 305.
SBI
Fresh short-position can be initiated if the stock declines below the Rs 1,467-level with stiff stop-loss.
TCS
In the last trading session, the stock penetrated the support level of Rs 700 by declining 3 per cent. We re-affirm our sell recommendation
- Hindu BusinessLine
Punj Lloyd can touch Rs 350-360
E Mathew is of the view that above Rs 330, Punj Lloyd can touch Rs 350-360.
E Mathew told CNBC-TV18, "If one looks at a stock like Punj Lloyd, one would certainly realize that maybe the sell off has been overdone a bit too much. In fact I see an uptrend from around Rs 190-195 zone in it and if the stock now sustains above this Rs 328-330 which is a tough resistance zone, this uptrend could further surprise you on the upside subject to it crossing Rs 330 and staying above that we could easily see the stock like Punj Lloyd go to Rs 350-360."
Source: MoneyControl
Accumulate Idea Cellular
Stock: Idea Cellular
CMP:Rs 79.50
Target: Rs 94
Recommended By: September 19, 2008 research report of Prabhudas Lilladher
Reason: " We initiate coverage on Idea cellular with an accumulate rating and a DCF based target price of Rs 94 (WACC=13%, Terminal growth rate=3%). Idea cellular is in the early stage of wireless coverage and at least 3-4 years away from attaining maturity. Further, new rollouts are currently gestation businesses (with around 10-12 quarters away from breaking even). Hence, we have used DCF as our prime tool to capture the true potential of the business,"
Accumulate Zee News
Stock: Zee News
CMP:Rs 43.50
Target: Rs 55
Recommended By: September 24, 2008 research report of Prabhudas Lilladher
Reason: "We expect the company to post 24% and 37% revenue and earnings CAGR, respectively in FY08-11E. The stock currently trades at 22.9x and 16.8x our FY09E and FY10E earnings estimates and remains one of the cheapest stocks in our broadcasting universe. We assume coverage on ZNL with a Accumulate rating and a target price of Rs 57,"
Value Picks give by HDFC Securities
HDFC Securities report: We have attempted to shortlist companies based on Graham and Buffet’s style of investing. Our domain of companies includes the CNX 500 and BSE 500 companies and time frame for the study is 3 years. We have short listed companies from the CNX 500 and BSE 500 stocks along with ideal entry levels for each of the stocks:-
Buy Sterlite Industries
Stock: Sterlite Industries
CMP:Rs 476
Target: Rs 647
Recommended By: Morgan Stanley
If your idea clicks at Google, get paid up to $10 mn
NEW DELHI: Google is turning 10 and has thought of a novel idea to celebrate a decade of its existence. It is working towards changing the world. If you have an idea that could change the world, or at least help a lot of people, the internet giant Google wants you to share it with them. And hold your breath, if the idea rocks and clicks, you get as much as $10 million to make it a reality.
Google has named the project "10 to the 100th" and the initiative will seek input from the public and a panel of judges in choosing up to five winning ideas, to be announced in February.
"These ideas can be big or small, technology-driven or brilliantly simple -- but they need to have impact," Google said in a news release. "We know there are countless brilliant ideas that need funding and support to come to fruition."
Those are ideas such as the Hippo Water Roller, which Google cited as the kind of concept the company would be interested in rewarding. Developed in Africa, where it is most used, the Hippo Water Roller is a barrel-shaped container, attached to a handle, that holds 24 gallons of water and can be rolled with little effort like a wheelbarrow, making it easier for villagers on foot to transport critically needed fresh water to their homes.
People are encouraged to submit their ideas, in any of 25 languages, at www.project10tothe100.com through October 20. Entrants must briefly describe their idea and answer six questions, including, "If your idea were to become a reality, who would benefit the most and how?"
- EconomicTimes
WaMu is largest US bank failure
WASHINGTON: A rescue for the US financial system unraveled on Thursday amid accusations Republican presidential candidate John McCain scuppered the deal, and Washington Mutual was closed by US authorities and its assets sold in America's biggest ever bank failure.
As negotiations over an unprecedented $700 billion bailout to restore credit markets degenerated into chaos, the largest US savings and loan bank was taken over by authorities and its deposits auctioned off. US stock futures fell by more than 1 percent.
The third-largest US bank JPMorgan Chase & Co said it bought the deposits of Washington Mutual Inc, which has seen its stock price virtually wiped out because of massive amounts of bad mortgages. The government said there would be no impact on WaMu's depositors and customers. JPMorgan said it would be business as usual on Friday morning.
Had a bailout deal been reached in Congress, it may have helped the savings and loan, founded in Seattle in 1889. Efforts to find a suitor to buy WaMu faltered in recent days over concerns about whether the government would reach a deal to buy its toxic mortgages.
- Economic Times
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