stocks in news

Stocks in News

L&T expects
Rs 8k-cr revenue from nuke biz.(ET)

  Maruti to
develop MPFI technology engine in both CNG & petrol modes. (ET)

  IDBI Bank cuts
home, auto loan rates by 0.25-0.5 pc. (ET)

India Cements to invest Rs 5 bn in power
plants. (ET)

Sadbhav Eng wins road
projects worth Rs 4.77 bn. (ET)

Unity
Infraprojects bags Rs 54.56 cr order. (ET)

  

Bharti-MTN
deal hangs in balance as deadline nears. (ET)

Financial
Technologies to raise Rs 1,500 cr via various routes. (ET)

Shree
Ashtavinayak to raise $150 mn through various routes. (ET)

jet to sell
land in Mumbai to raise Rs 1,000 cr.(BS)

Bharati expects
nod for Great Offshore open offer soon(BS)

 

vijaya Bank expects

Rs 700-cr infusion by December(BS)

§        MindTree to
acquire Kyocera Wireless' subsidiary in India(BS)

Nagarjuna Fert revamps
operations, scales up capacity(BL)

JSW Steel gets
approval for Vijayanagar expansion.(DNA)


specific highlights


Overall, the Nifty will close strong
above its psychological 5000 mark. We will see Strong buying in IT,
pharmaceutical, oil & gas, banks, power, capital goods and metal stocks.
Reliance, Infosys, ICICI Bank,kotak bank,Axis bank L&T, TCS and HDFC are the major contributors.

Nifty continues to face strong
resistance at 5020-5050 level, however we continue to remain positively biased
with the upside target of 5300 with a Stop Loss of 4840 which is a trend line
support. 

Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com

Hot picks(technically and fundamentally)

Buy Bharti Airtel between 400 to 420 target price 465+
Buy patel engineering between 450 to 485 target price 525+


--
Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com