Business Daily from THE HINDU group of publications Friday, May 16, 2008 ePaper | Mobile/PDA Version | Audio |
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Stocks Markets - Recommendation
ICICI Bank We maintain our buy recommendation in this counter. Infosys In line with our expectation, the stock moved up in the last trading session, accompanied with good volume. We retain our buy recommendation. L&T The stock has surged accompanied with good volume in the last trading session. We re-affirm our buy recommendation. ONGC After a steep decline, the stock is pausing at current levels. Avoid trading in this counter for the session. Reliance Capital Fresh long position can be initiated if the stock moves above Rs 1,380 with tight stop loss. Reliance Communications Following a bullish engulfing candlestick pattern, the stock jumped up on Thursday. The daily momentum indicator has entered the bullish zone. Buy the stock in dips with stop loss at Rs 580. Reliance Industries We recommend a buy. Satyam Computer We retain our sell recommendation in this counter. SBI Desist trading in this counter for the session, as the outlook is cautious. TCS We recommend a buy with stiff stop loss at Rs 971. Yoganand D. BL Research Bureau More Stories on : Stocks | Recommendation
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