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| "Maruti Manesar Plant Reopens Today 21 Aug" |
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Maruti Suzuki stock will be on focus today as after a long span of time, Manesar plant will be reopened today under the police protection and restart production on a small scale. Reacting to the development, Macquarie upgraded Maruti Suzuki to 'outperform' from 'neutral' and also raised its target price to Rs 1,500 from Rs 1,200.
HOT STOCKS TO WATCH TODAY
1. Infosys Ltd, after the software major won a harassment case filed by its employee Jack Palmer, after a US Judge dismissed his claims and threw out the case on Monday.
2. Reliance Industries Ltd, after the oil & gas major and BP India are in talks with gas-starved power projects of Andhra Pradesh to supply long-term liquefied natural gas (LNG).
3. Tata Power, Reliance Power and Jindal Steel and Power will be in focus after Comptroller and Auditor General's (CAG) report that coal block allocations to large conglomerates allegedly cost the national exchequer a notional loss of over Rs 1.8 lakh crore.
4. Sesa Goa Ltd, after the commissioning of Sesa Goa's metallurgical coke plant's expansion facility at Amona village near here has been delayed by three weeks after two high-capacity diesel burners misfired continuously for two days, leaving thick black smoke in the air.
INTRADAY CALLS FOR TODAY
1. BUY MRF Ltd.
Intraday Target 10,975 Stop Loss 10,790
2. BUY IDFC Ltd.
Intraday Target 144.8 Stop Loss 141.9
3. BUY Bharti Airtel Ltd.
Intraday Target 270 Stop Loss 259
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