Firstcall Research has recommended a buy on Power Finance Corporation with a price target of 262 in medium term. Download the full research report here http://www.moneycontrol.com/news_html_files/news_attachment/2011/PowerFinCorp_FirstCall_290411.pdf
Chambal Fertilizers and Chemicals appears to be good on charts and showing more relative strength compared to markets. It has taken support at 68 levels thrice in last six months, which suggests a strong bottom for the stock at around those levels. Traders can go long in the stock with a price target of 90 in 5-7 trading sessions keeping a stop loss at 82 levels.
Warren Buffet Latest Portfolio - 2011
Citigroup has downgraded Bharat Heavy Electricals Limited (BHEL) to 'hold' from 'buy' and cut its target price to 2,202 rupees from 2,785 rupees because it sees the power equipment maker's order backlog declining from FY13.
"Increasing competition intensity in power generation equipment and imposition of 20 percent duties on imported equipment could lead to de-rating of the stock," Citi said.
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# Telecom Companies market share in India as of march 2011
Bharti airtel seems to have broken out of a tough resistance of 360 and has managed to stay above this level in last few trading sessions. On 14th April the counter witnessed high volume of close to 8 million shares with unusually high delivery percentage of 74% which suggests that strong hands were buying stock in the cash segment. Based on options data for Bharti Airtel, it was seen that 380 call has seen a cut of 12% in open interest while the call of 400 has registered an addition of 40% in open interest, which suggest that the bias has shifted towards