Technical Analyst, Rajat K Bose is of the view that above Rs 138, IDBI can touch Rs 144-145.
Technical Analyst, Rajat K Bose is of the view that above Rs 138, Industrial Development Bank of India, IDBI can touch Rs 144-145.
Bose told CNBC-TV18, "IDBI looks pretty good, in fact immediately for a trader the target would be Rs 144-145, once Rs 138 is decisively broken on the upside. Actually, it might scale up that level earlier, much before the medium-term, but it about Rs 155-160."
He further added, "If one looks at the other financial stocks like IFCI and all, even those stocks are doing pretty well. If Rs 75 is crossed then IFCI will acquire further momentum on the upside."
"Rs 39.50-40 would be the strong resistance point for UCO Bank. But overall there is a lot of interest in UCO Bank, may be it will cross that level, unless it falls below Rs 36 now and then you can see further upswing happening in that stock as well."
Technical Analyst, Rajat K Bose is of the view that above Rs 138, Industrial Development Bank of India, IDBI can touch Rs 144-145.
Bose told CNBC-TV18, "IDBI looks pretty good, in fact immediately for a trader the target would be Rs 144-145, once Rs 138 is decisively broken on the upside. Actually, it might scale up that level earlier, much before the medium-term, but it about Rs 155-160."
He further added, "If one looks at the other financial stocks like IFCI and all, even those stocks are doing pretty well. If Rs 75 is crossed then IFCI will acquire further momentum on the upside."
"Rs 39.50-40 would be the strong resistance point for UCO Bank. But overall there is a lot of interest in UCO Bank, may be it will cross that level, unless it falls below Rs 36 now and then you can see further upswing happening in that stock as well."
Vivek Mahajan of IL& FS Investmart is of the view that Everest Kanto Cylinder can touch Rs 290.
Mahajan told CNBC-TV18, "Everest Kanto Cylinder makes cylinders for industrial gases, medical gases, CNG cylinders and all that. Right now the company has a capacity of 8 lakh cylinders spread between Aurangabad, Tarapur, Gandhidham and unit in Dubai. Going forward they are setting up a unit in China. While the Dubai unit will be catering to the demand from the Middle East, particularly Iran and also Pakistan, the China unit will be catering to China and Thailand. The demand for CNG is expected to go up manifold in these days to come as more and more gas supply becomes available particularly from the KNG basis and the demand for low pollution fuel.
He further added, ôWe think the company should be reporting an EPS of Rs 12 in the current year and Rs 18 next year. We expect company to grow at a 50% CAGR over the next 3-4 years. By next year, the company should be the largest cylinder manufacturer in the world. The stock is quoting at something like 12-13 times expected next year earnings. We think this stock has the potential to inch upto Rs 290 or thereabouts."
Mahajan told CNBC-TV18, "Everest Kanto Cylinder makes cylinders for industrial gases, medical gases, CNG cylinders and all that. Right now the company has a capacity of 8 lakh cylinders spread between Aurangabad, Tarapur, Gandhidham and unit in Dubai. Going forward they are setting up a unit in China. While the Dubai unit will be catering to the demand from the Middle East, particularly Iran and also Pakistan, the China unit will be catering to China and Thailand. The demand for CNG is expected to go up manifold in these days to come as more and more gas supply becomes available particularly from the KNG basis and the demand for low pollution fuel.
He further added, ôWe think the company should be reporting an EPS of Rs 12 in the current year and Rs 18 next year. We expect company to grow at a 50% CAGR over the next 3-4 years. By next year, the company should be the largest cylinder manufacturer in the world. The stock is quoting at something like 12-13 times expected next year earnings. We think this stock has the potential to inch upto Rs 290 or thereabouts."
Technical Analyst, Salil Sharma is of the view that Petronet LNG has target of Rs 72.
Sharma told CNBC-TV18, "Petronet LNG has given a good move above Rs 64, which used to be the strong resistance. Above Rs 66, the mild resistance looks quite good. It has moved up on quite heavy volumes. I expect a target of Rs 72 in the short-term and for the long-term holders, they can wait till Rs 90. On the downside, one should keep a short-term stoploss of Rs 60 and continue to ride the wave."
Sharma told CNBC-TV18, "Petronet LNG has given a good move above Rs 64, which used to be the strong resistance. Above Rs 66, the mild resistance looks quite good. It has moved up on quite heavy volumes. I expect a target of Rs 72 in the short-term and for the long-term holders, they can wait till Rs 90. On the downside, one should keep a short-term stoploss of Rs 60 and continue to ride the wave."
Source:moneycontrol.com
