Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Best Long Term Buy Brokerage Recommendation for the month of April

1 min read

 
Buy Yes Bank, target of Rs 260: Emkay 
 
CMP : Rs182
 
 
Emkay Research has upgraded Yes Bank from ACCUMULATE to BUY and retain our price target of Rs 260, in its March 26, 2008 research report. "Yes Bank has seen significant correction over last few days over the concerns of over exposure to the forex derivatives market. We believe that the current valuations of the stock at 12x FY10E EPS and 2.3x FY10E ABV are attractive. We are not changing our earnings estimates as we do not see significant threat to the same. We upgrade the stock from ACCUMULATE to BUY and retain our price target of Rs 260" says, Emkay research report.
 
 
Buy Everest Kanto, target of Rs 440: Karvy
 
 
CMP : Rs277

 

Karvy Stock Broking has maintained a buy rating on Everest Kanto Cylinder with a target of Rs 440 in its March 27, 2008 research report."The total deal size of proposed acquisition of US based CP Industries stands at USD 64 million and the deal is expected to be closed by April 2008 subject to court and other regulatory approvals. CP Industries is the market leader with approx. 43% market share globally.CP Industries have one manufacturing facility which is based in US and a total workforce of 118 employees".

"At the CMP of Rs 282, the stock trades at 18.1x and 11.4x their FY09E and FY10E earnings respectively. We maintain our BUY rating on the stock with the price target of Rs 440" says Karvy's research report.

 

JP Asscociate an outperformer, tgt Rs 325 : P Lilladher

CMP : Rs240

Prabhudas Lilladher has maintained outperformer rating on Jaiprakash Associate with target price of Rs 325 implying upside potentail of 40% in its March 26, 2008 research report. "We believe that value unlocking potential with regards to JP Power Ventures awarding land to Jaypee Infratech and potential value from the Ganga-Ballia Expressway would act as triggers to Jaiprakash Associates. Hence we rate the stock an Outperformer with a SOTP target price of Rs325/share. Based on discounted equity cash flows, we have valued Jaypee Infratech at Rs232bn; however, given the long gestation nature of the project and being a little conservative we have assigned 30% discount to the NAV value," says Prabhudas Lilladher report.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

GANN Shorter term update for Nifty as on 15…

  GANN Supports zone near 5005. More weakness below 5005 as next support near 4780. Avoid longs if nifty dips below 5005. Source: www.marketcalls.in
Rajandran R
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Larsen and toubro update

  Trailing Stop Loss Update for Larsen and Tourbo   Cover Shorts and reverse the position if LT closes above 1665. Source: www.marketcalls.in
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JP Associates is getting Weaker

  1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop loss...
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