Buy Suzlon Energy, Cairn India, Gujrat NRE
These days we are looking weak market performance. There are no any hope of market recovering in near future days. Investor should wait for good rally in market. When American market will recover and will cross 13,000 we shall see new rally in Indian market.
There is heavy pressure of selling of equity and F&O by FIIs. But in between this panic situation we are looking at some equity for intraday transaction. Like Suzlon Energy, Cairn India, Gujrat NRE Coke, etc.
These stocks are in the lower price which can be grow in near coming days. Investor shouldn’t expect profit from long position. Because of it you should book profit and buy again at lower price. Hope for good rally in market.
SAURABH KUMAR SINGH
BUY Bharat Forge Target: Rs 331
Bharat Forge’s (BFL) consolidated net revenue for Q4FY08 was below our expectations due to a sharp slowdown in the US M&HCV market. PAT too fell short of estimates owing to a reduction in other income and an exchange loss of Rs 158mn during the quarter. However, in line with our expectations BFL posted a strong standalone performance despite a sluggish Indian CV market. Standalone exports continued to perform well with a growth of 23% YoY to Rs 2.5bn. Read more