Achiievers Weekly Report – Equity segment- 10th March

 

In an ever-changing financial market environment, some of our investment ideas seem more convincing than others due to better earning visibility and/or attractive valuation. On every Monday, we bring you such fundamental stock ideas through our “Pick of the WEEK” report.

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Scrip – SUN TV

 

Simple Moving Averages

Recommendation

Buy

Days

BSE

NSE

CMP

392

30

356.68

356.7

Target

410-440

50

361.67

361.62

Stop Loss

374

150

385.81

385.76

 

200

387.82

387.74

Sun TV Network is in the Media & Entertainment sector. The current market capitalisation stands at Rs 15,359.45 Crore.The Company has reported a standalone sales of Rs 508.34 crore and a Net Profit of Rs 185.79 crore for the quarter ended Dec 2013.

Sun TV has broken out from a trading range of 3 months and with current closing at 392 after forming a strong support around 360-365, stock manages to close above its 200 DMA which is a very bullish signal. We expect this momentum to carry upto 440-445 levels.

Scrip – BHEL

Recommendation

Buy

CMP

182

Target

204-225

Stop Loss

168

Simple Moving Averages

DAYS

BSE

NSE

30

160.71

160.81

50

163.88

163.99

150

147.67

147.75

200

156.80

156.88

BHEL is in the Infrastructure – General sector. The current market capitalisation stands at Rs 44,962.41 crore. The company has reported standalone sales of Rs 8,462.38 crore and a Net Profit of Rs 694.81 crore for the quarter ended Dec 2013.

BHEL is the strongest stock in the capital goods space and it has seen huge addition of long positions. First there was an accumulation around Rs 145-150 zone. A lot of positions were formed but there was ambiguity whether this is long or short. But in last two-three trading sessions, we have seen huge rise in open interest (OI) with price rise and cash based volumes being strong. We have not seen any traces of unwinding of those previous positions, which clearly suggests that a lot of strong hands would have been accumulated this stock around Rs 145-150 zone. We have immediate target of Rs 204. We will not be surprised if in March series we see this stock moving above those levels, we are quite positive in BHEL under the large cap space.

BHEL has broken out from a trading range of 3 months with good volumes indicating wide participation in the short covering. We expect this momentum to carry upto 220-225 levels.

Scrip – Kotak Bank

Recommendation

Buy

CMP

711.55

Target

732-739

Stop Loss

696

Simple Moving Averages

DAYS

BSE

NSE

30

667.29

667.22

50

687.39

687.42

150

698.16

698.45

200

706.95

707.19

Kotak Mahindra is in the Banks – as a Private Sector Bank. The current market capitalisation stands at Rs 54,812.94 crore. The bank has reported a consolidated Net Interest Income of Rs 2,994.25 crore and a Net Profit of Rs 599.78 crore for the quarter ended Dec 2013.

Kotak Mahindra Bank has shown very sporadic move on the upside. Then there was some correction and consolidation and yesterday again we have seen good formation of long position in this counter. We are expecting this buying momentum to continue in Kotak Bank, we have a target of around Rs 732 in mind. This is one stock where fresh trades can be initiated apart from the earlier stocks.

Scrip – KEC

Recommendation

Buy

CMP

60

Target

70-82

Stop Loss

51

Simple Moving Averages

DAYS

BSE

NSE

30

53.46

53.53

50

54.26

54.33

150

40.92

40.95

200

39.52

39.54

KEC International is in the Power – Transmission Towers/Equipment sector. The current market capitalisation stands at Rs 1,539.96 crore. The company has reported consolidated sales of Rs 2,180.16 crore and a Net Profit of Rs 19.15 crore for the quarter ended Dec 2013.

KEC stock has broken out from falling resistance line (by connection high of 26th Feb 2010 and 31st Oct 2012) which is a very bullish signal. We expect this momentum to carry up to 82 levels which is a high of 31st Oct 2012.

Good amount of long position is built up with a delivery volume of 73%, signals strong hand are accumulating.

10 /15mn.

Scrip – Mahindra & Mahindra

Recommendation

Buy

CMP

983

Target

1015-1040

Stop Loss

960

Simple Moving Averages

DAYS

BSE

NSE

30

905.10

905.47

50

912.75

913.19

150

887.22

887.48

200

904.01

904.32

M&M is in the Auto – Cars & Jeeps sector. The current market capitalisation stands at Rs 60,391.33 crore. The company has reported standalone sales of Rs 10,404.91 crore and a Net Profit of Rs 934.06 crore for the quarter ended Dec 2013.

We have seen very good breakout on technical charts in Mahindra & Mahindra above Rs 945 levels and that has led to a good amount of long position build up. We have seen 6-8 percent addition on an intraday basis in the stock which clearly suggests that a lot of long accumulation is happening even at the current levels. We have seen a good amount of rollovers also. In short to medium term trend is positive as it moving in higher high-low formation and trading above its 50 DMA and 200DMA. Any positive follow through above its immediate resistance of 990 levels will provide next trigger.

This is one stock where we may see a target of Rs 1,040 on upside. We are recommending a long position in the stock with a stop loss below Rs 960 and on upside Rs 1,015-1,040 could be the possible target in next three-five trading sessions.

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