Stock Recommendation for tomorrow 7 July

HOT Stocks to Buy Tomorrow

Indiabulls Securities Ltd(Sell)
The results of the company in fourth quarter of last fiscal were not good. The company has weak fundamentals, and its financial performance has been in contrast to its peers like Geojit BNP Paribas which has sailed along with the positive trend in the industry. No upside in the stock is expected in the next 2-3 quarters.

Nagarjuna Fertilizers & Chemicals Ltd(Hold)

In the short-term chart, the stock has been clocking higher tops and higher bottoms which indicates an upside to it. Hold with a stop loss of 28. As soon as it moves above 40 mark, accumulate more of the stock.

Reliance Industries Ltd(Hold)

The company has recently been in news over CAG report and gas output . Input costs and gas exploration claims by the company may have impacted the stock. Still the recent foray of the company into the insurance sector is a big positive for the company. Margins from its gas business are still attractive. With FIIs buying into the Indian market, the stock of this conglomerate is expected to do well in the future.

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.