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There is a temporarely relief in this stock.  This stock will test its all time low levels.  It may down 120-116 levels in future,  So please avoid to buy this stock on current levels.

Prabhudas Lilladher has recommended a reduce rating on Infosys Technologies with a target of Rs 1246 in its December 3, 2008 research report. “The outlook for the company and the industry is obviously quite weak in the near-term. With a difficult FY10E and full-tax FY11E, the two year earnings CAGR (FY09-11) for the company is unlikely to be over 10-15%. While we expect Infosys to perform better than most other players in the industry, we rate the stock ‘Reduce’ with a target of Rs 1,246,” says Prabhudas Lilladher’s research report.

Angel Broking has recommended a neutral rating on Vishal Retail in its November 28, 2008 research report. “Vishal Retail (VRPL) is the fastest growing Retail player in India clocking CAGR of around 89% over FY2005-08. It is a niche player with strong focus on the Value Retailing segment catering majorly to consumers in Tier-II and III cities. It is currently present in around 100 cities.”

Angel Broking has recommended a neutral rating on Titan Industries in its November 28, 2008 research report. “Titan Industries is the world’s sixth largest and India’s largest manufacturer and retailer of watches and jewellery, which accounts for 35% and 60% of its overall Revenues, respectively. Titan has also forayed into the Eye-care segment recently under the brand name Eye+. The company is all set to grow at a CAGR of 26% in Net Sales and Net Profits respectively, over FY2008-10E.”

SBICAP Securities has maintained its buy rating on PSL with price target of Rs 181 in its November 21, 2008 research report. “At the CMP of Rs 95, PSL is trading at a PE of 2.8x and 2.1x its FY08E and FY09E earning respectively. EV / EBITDA is at 3.9x and 3.2x FY08E and FY09E respectively. We initiate coverage on PSL with a buy rating and 12 month price target of Rs 181 implying an upside of 90%,” says SBICAP Securities’ research report.

HDFC Securities has maintained an outperformer rating on Tata Steel in its December 4, 2008 research report. “TSL revenues increased by 36.2% YoY to Rs 442 billion. Net profit grew by a whopping 213% YoY to Rs 47.7 billion. After Corus acquisition, Tata Steel’s raw material security was reduced to 17% while financial leverage increased to 1.65x, which are built into its discounted valuations. Further, due to volatility in steel prices and increasing demand concerns from industrial consumers, we are revising our FY09E and FY10E EPS by 9% and 18% downwards to Rs.103 and Rs.78 respectively.”

Karvy Stock Broking has recommended a buy rating on Balrampur Chini Mills with a target of Rs 55 in its December 4, 2008 research report. “Balrampur Chin Mill (BCML) reported revenue increase of 40.8% YoY (QoQ increase of 30.2%) to Rs 4.11 billion mainly on account of higher sugar and distillery revenue in the Q4FY08. The company reported profit of Rs 145 million translating into EPS of Rs 0.57 for the quarter.”

ICICIdirect.com has recommended to buy Jet Airways above Rs 126 with a stoploss of Rs 125 and target of Rs 129/132/higher.

Shahina Mukadam, Director of Varun Capital Markets is of the view that one should hold Infosys Technologies.

Technical Analyst, E Mathew is of the view that Ashok Leyland may test Rs 16-17.

Technical Analyst, E Mathew feels that after a little bit of consolidation, Sun TV Network is able to breakout above this congestion zone of Rs 173-175 possibly you could have here an excellent trading opportunity, which could give you as high a price target of around Rs 240-245.

Ambareesh Baliga of Karvy Stock Broking is of the view that one should ignore Ashok Leyland.