Mar 05, 2013, 02.29 PM IST
Monal Desai, Sunidhi Securities is of the view that one should sell Bajaj Auto for a target of Rs 1920 and Zee Entertainment Enterprises for a target of Rs 208.
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Sell Bajaj Auto, Zee Ent: Desai
Monal Desai, Sunidhi Securities is of the view that one should sell Bajaj Auto for a target of Rs 1920 and Zee Entertainment Enterprises for a target of Rs 208.
Like this story, share it with millions of investors on M3
Sell Bajaj Auto, Zee Ent: Desai
Monal Desai, Sunidhi Securities is of the view that one should sell Bajaj Auto for a target of Rs 1920 and Zee Entertainment Enterprises for a target of Rs 208.
Desai told CNBC-TV18, "I am recommending a short in Bajaj Auto for a target of Rs 1920. It has seen some short built-up yesterday. Today also the stock is under pressure. Rs 1920 looks a possible target for the support areas. Keep a stop loss at Rs 1975 for Bajaj. Today it has added about 4 percent in short built-up."
He further added, "Sell Zee Entertainment Enterprises for a target of Rs 208-210, keep a stop loss of Rs 219. Zee was holding in the support of Rs 218 very strongly but it has broken that support today, it is about 9-9.5 percent short built-up also. On the long side ICICI Bank , Axis Bank could be pull-back candidates and you could look to long those two stocks."
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Policy
Naina Lal Kidwai
Country Head | HSBC India
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
What got Cheaper / costlier?
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