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Tuesday, June 08, 2010

Stock Picks and Recommendations


Stocks with Buy rating:

Mahindra & Mahindra
Current market price: Rs 545
Target price: Rs 725
Upside: 33.02%
Brokerage: Emkay
Recommendation: Buy

Sensex ends lower on European woes


Indian equities continued to drop for the second day on Tuesday. At the close, the benchmark 30-share index, BSE Sensex lost 163.97 points or 0.98% at 16,617.10. Meanwhile, the broad based NSE Nifty fell by 46.90 points or 0.93% at 4,987.10.

Sensex Movers

ICICI Bank contributed fall of 36.54 points in the Sensex. It was followed by Reliance Industries (30.24 points), Bharti Airtel (16.54 points), Hindalco Industries (14.76 points) and Infosys Technologies (10.53 points).

Nifty June 2010 futures below 5,000


Turnover rises

Nifty June 2010 futures were at 4,963, at a discount of 24.10 points compared to spot closing of 4,987.10. Turnover in NSE's futures & options (F&O) segment increased to Rs 86,540.16 crore from Rs 80,625.72 crore on Monday, 7 June 2010.

ITC Limited


ITC Limited

UCO Bank


UCO Bank

Magma Fincorp


Magma Fincorp

EIH Hotels


EIH Hotels

Allahabad Bank


Allahabad Bank

Shareholding Norms - Winners


Shareholding Norms - Winners

India Aviation Sector


India Aviation Sector

TNPL


TNPL

DB Realty


DB Realty

India Autos & Consumer


India Autos & Consumer

Hotel Leela Ltd


Hotel Leela

Nifty below 5K on Euro zone worries


Today's major news

Bharti closes Zain deal; the stock closes 3.77% lower

Punj Lloyd bags Rs179.90-crore order; the stock ends 0.60% down

JSW Steel May crude steel production up 23%; the stock closes 1.88% lower