Friday, November 23, 2012

Hot Stocks To Watch Today 23 November

Best stocks to buy today, top stocks to trade today, best stock tips, multibagger stock ideas, share market intraday tips today, MCX Silver trend today, silver tips free, silver support and resistance

Union Bank Of India :-

Stock had a fantastic rally from Rs 150 to Rs 230 and then went through a brief decline. That decline is over now. It is now resuming its uptrend. This uptrend should take it to new highs. It’s a good stock.

Stock: Bharti Airtel

Rating: Buy, Target: Rs 425

Rationale: The stock looks well positioned to gain from the inflection in pricing and regulatory landscape in the Indian telecom space. The realisations per minute are likely to improve significantly due to a reduction in free promotional minutes and headline tariff increases.

Stock: Reliance Industries

Rating: Outperform, Target: Rs 850

Rationale: Singapore GRM benchmarks have fallen up to USD 2.5 per barrel QoQ and this has impacted the stock. However, their Reliance GRM tracker is up over USD 1 per barrel QoQ on the back of improvement in spreads of Naphtha and LPG as well as lower input costs due to rise in light heavy crude spreads and severe decline in fuel oil spread. They say this should allow reliance to outperform benchmark GRMs in Q3.

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