OnlineEquityCalls.com

BSE Sensex: (14565) the market did an about turn and short cover drove the market up…so far the strength is good but the strength needs to be sustained if the down move has to stop…

We said ‘Technically the market can bounce from here for the next few days and until F&O expiry as the place for a bounce is right but for that to happen the low needs to be validated and a technical confirmation should come in which is lacking so far and if that happens then the market has the potential to climb to 14858 and extended to maybe 15029’

Stock Idea From: – www.indianmoneyplus.com

Scrip: – Hotel Leela.
BSE Code: – 500193
CMP: – 31

ONGC
cmp: Rs 1,023.30
target price: Rs 995

Macquarie Research Equities has given a ‘neutral’ rating to ONGC, as it feels that attractive valuations are offset by lack of earnings growth.

Areva T&D India
cmp: Rs 1526.10
target price: Rs 1,809

Citigroup Global Markets has assigned a ‘hold’ rating to Areva saying despite the company’s strong fundamentals, the stock is fairly priced.

Aditya Birla Nuvo
cmp: Rs 1,310
target price: Rs 2,035

Brokerage firm Sharekhan maintained its ‘buy’ rating on Aditya Birla Nuvo even though it feels that the firm may have overpaid for its acquisition of Apollo Sindhoori Capital investments.

UltraTech Cement
cmp: Rs 595.95
target price: Rs 791

CLSA has resumed coverage on UltraTech Cement with a ‘buy’ rating and price target of Rs 791. It feels that while domestic prices should drop over the next 9-18 months due to an adverse demand-supply regime, UltraTech’s improving sales mix should keep blended realisations flat over FY08-11CL.

Allied Digital
cmp: Rs 713.95
target price: Rs 1050

Alchemy Share and Stock Brokers has rated Mahashtra Seamless a ‘buy’ with a price target of Rs 873.

Market mood turned for the better on the last trading day of the week and is likely to remain upbeat in the forthcoming sessions with most of the speed breakers out of the way.

BHAGYANAGAR INDIA LTD Trading in BSE & NSE at 19/- in B Group. Target 45/- for short term & 95/- for Long Term. Safe Investment at 19/-.

BHAGYANAGR INDIA Ltd in the field of Cables – Telephone; Good dividend Paying Company.

Stock Idea From: - www.indianmoneyplus.com

Scrip: – Rajesh Exports Ltd.
CMP: – 46BSE Code:- 531500
52 Week H / L: – 168.30 – 45.80
Market Cap: – 1059.73
Target: – 120 (1 Year)

Industry tycoon Krishna Kumar Birla died in Kolkata early on Saturday morning. He was 90.

The Chairman of Hindustan Times Media Ltd and several Birla group of industries is survived by three daughters Nandini Nupani, Shobhana Bhartia – the vice chairperson and editorial adviser of Hindustan Times – and Saroj Potddar.