Stock Recommendation for tomorrow 6 July

Hot Stocks to But Tomorrow

CESC Ltd(Buy)
The company has an integrated business model with strong cash generation from distribution business. Secured fuel supplies are an added advantage for the company. The stock is available at significant discount to peers. Buy with a target of Rs. 413.

Allahabad Bank(Buy)

Allahabad Bank is one of the smaller PSU bank to report goods numbers and can appreciate 20-25 per cent from current levels. The government has infused about Rs. 670 crore in the bank during the fourth quarter of last fiscal. The advances are likely to grow in excess of 20 per cent. Buy with a target of Rs. 270.

Federal Bank Ltd(Buy)

Interest rates are close to their peaks because of which huge amount of buying interest has been seen in frontline banking stocks. A return in risk appetite is likely to emerge in smaller banks. Federal Bank's focus is SMEs and retail segment that constitute 60 per cent of the loan book. Loan growth is likely at 22-24 per cent and there is decent upside going forward. Buy with a target of Rs. 500.

Stock Recommendation for tomorrow 5 July

GET - Hot Stocks to buy tomorrow


Hi All,
The Market was very good and had shown the upward movement at open in morning, after that it traded in the Narrow Range today. Realty and consumer durables were the biggest gainers of today's trade while FMCG and capital goods closed with marginal declines.


Stock tips/tricks and prescription for tomorrow 5 July :-


Jai Balaji Industries Ltd(Hold)
The company offers diversified product range. It is one of the major steel manufacturing group in Eastern India with products like pig iron, sponge iron, TMT bars, ferroalloys and alloy bars. It is expanding its Greenfield plant of 5 metric tonne per annum at Purulia . Hold and expect returns of 25 to 30% in one year.

Escorts Ltd(Hold)

The minimum support price for agri-products has been hiked, which would benefit agri machinery business. The focus of new railway minister on growth will increase company's contribution from railways. Construction equipment business will gain if government focuses on development of infrastructure.

Lanco Infratech Ltd(Hold)

The power portfolio of the company includes an installed capacity of 3,292 mw. The construction and EPC division of the company is executing various orders worth more than Rs. 302 billion. The company is constructing around 440 km of National Highways on BOT basis. There are some legal issues in Australia. Clarity on these issues will benefit the stock. Hold with a target of Rs. 35 -40.