Thursday, July 21, 2011

Stock recommendation for tomorrow 22 July

Nifty tips tomorrow

Hexaware Technologies Ltd(Buy)
The company has strong business verticals in infra management, BPO and consulting and all verticals are showing good momentum. Buy with a target price of Rs. 110

Bank of India(Buy)
It is a moderately priced PSU bank and a nominal growth of 20 per cent is expected in FY12. Buy with a target of Rs. 465 in one year.

Crompton Greaves Ltd(Sell)
The company has reported poor results for second straight quarter. This is an over owned stock. Exit on rallies.

Crompton Greaves Ltd(Hold)
The stock has support at 169. Sell on rallies to 200-209.

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