Stock Recommendation for Monday 4 July

Development Credit Bank Ltd(Hold)
The stock is slowly moving up. Once it goes past 64, it is likely to reach 78 level. Investment can also be spread into Kotak Bank, Bank of Baroda and Federal Bank.

GTL Infrastructure Ltd(Sell)

The stock has declined by a large margin since the news of India-Mauritius Tax Treaty came in. It can be exited as in a high-interest rate scenario, investors should stay away from high-debt firms.

Shree Renuka Sugars Ltd(Hold)

The stock has made a bottom at 57-58 levels. It is likely to reach 72-73 level. Hold with a stop loss of 57.

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Stock recommendation for today 30 June

Aban Offshore Ltd(Hold )
The stock has an upside at 636, 725 and 815 levels, respectively. It offers support between 438-511 levels. Hold with a stop loss of 438 .

Karur Vysya Bank Ltd(Hold)
Banking is a favoured sector as it has performed well. However, the stock has been an underperformer. Hold to get 15-20 per cent returns in 6 months and later, enter some better PSU bank stock.

Rajesh Exports Ltd(Hold)
A target of 103 should be set, if that level is breached then the stock can reach 108 and 117 levels, respectively. The stock can be held with a stop loss of 82.

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