Analyst Views: GMR Infra, JPAssociates, L&T

Technical Analyst, Ashwani Gujral is of the view that GMR Infrastructure can go back upto Rs 185.
Gujral told CNBC-TV18, Jaiprakash Associates just ran into a strong support of about Rs 190. I think it needs to get past Rs 255-260 before one could say that it's bottomed out. There is s a good opportunity for the people those who are stuck in the stock will probably get out, all of last year’s heroes, the stocks that went up like crazy they have lots of ownership and they are not going to bottom out in a hurry."
He further added, "As long as GMR Infra can sustain Rs 140-145 levels, rallies back upto Rs 185 are possible but again same problem here. We have seen what’s happened to RNRL and RPL same over ownership and that’s going to provide lot of resistance. Again, I have been saying that get into under owned sectors and you’ll probably do very well this year instead of trying to go back into those same stocks."

Mehraboon Irani of Centrum Broking feels that at 2,500-2,600 despite the negative, which has come right now Larsen and Toubro, L&T looks like decent value buy.
Irani told CNBC-TV18, "When L&T came down very sharply and lowered by around 10% as compared to the Friday’s close, temptation was there to buy but the problem is that disclosures if they are not met and the market in which we are right now where even a stray selling here and there could push down prices further. There is always a fear that we could possible shed some more as far as that particular script goes but looking at all the negatives right now, hopefully that is final negative, which we have heard on the L&T front at Rs 2,500-2,600 it looks a decent buy. Because even if we look at the down grades as far as earnings estimate goes by couple of brokerage houses even they are talking of price target of Rs 3,100-3,200-3,300."
He further added, "I am quite confident that we will see a price much higher than this in the next 12 months because if not for this negative news, even if it was at Rs 3,100, I would have said L&T now definitely looks possibly going in for value buying. So Rs 2,500-2,600 despite the negative, which has come right now, assuming we don’t any other negative news coming in for L&T, looks like decent value buy."

Source: moneycontrol.com

Technical Views

Technical Analyst, Ashwani Gujral is of the view that Kesoram Industries can touch Rs 670.
Gujral told CNBC-TV18, "It is time probably for cement to start some participation. Kesoram has support at Rs 515 that could be headed for a target of about Rs 670. Rs 430 is possible on the upside in Birla Corporation."

Reliance Energy could head upto Rs 1350 level.

Gujral told CNBC-TV18, "Reliance Energy continues to surprise because now it has now achieved all kinds of targets that we had in mind. So probably one should keep a stop of about Rs 1,100 and just let it ride it, probably it could head upto levels of Rs 1,350. "

He further added, "Sterlite Industries commodities have started doing well so in that also one could see levels of about Rs 850-900."

Unitech may touch Rs 400.
Gujral told CNBC-TV18, "Interest rate sensitives stocks have a lot of expectations that interest rates will come down. DLF is a strong counter that should probably head towards Rs 900 in the medium-term. Unitech after some consolidation should go back to about Rs 400."
He further added, "Indiabulls Real Estate is trading at new highs, it has broken out a few days back that should probably head towards Rs 800, but again I am saying that we need to have a close eye on how much leverage and what kind of cost of carry this market is building up as we go forward because reactions will be quite steep and sharp."

Above Rs 730, Shree Renuka Sugars can touch Rs 900.

Gujral told CNBC-TV18, "If Shree Renuka Sugars can maintain Rs 730 it should look at Rs 900 that tends to move quite fast. It was a bad day today for Bajaj Hindustan but again support at Rs 170 probably Rs 225 is next. Balrampur Chini is around consolidation levels of Rs 70, we could probably see Rs 90.ö

Tata Steel can go upto Rs 900.
Gujral told CNBC-TV18, "Metals, is a very strong group, Tata Steel is trading at new highs, I would not be surprised to see this at about Rs 900. I would not be surprised to see Sterlite at Rs 860-900. SAIL is looking quite strong, Rs 230 could be the next level on SAIL. So, there are things, which are looking strong even in this market."

Technical Analyst, Ashwani Gujral is of the view that once sugar stocks complete consolidation, we could see higher levels.

Gujral told CNBC-TV18, "The initial buying has come in now probably the government needs to do something more for these sugar stocks they have all climbed back above their Rs 200 day moving averages, which at least brings them in to a positive territory. Now from here they probably need to move sideways because this move up was 25%-30% once they can complete a sideways kind of consolidation, we should see higher levels.

Industrial Finance Corporation of India, IFCI has good support between Rs 82-85.

Gujral told CNBC-TV18, "RNRL needs to consolidate big time, I think Rs 65 is a sort of level to which it can correct. For IFCI, Rs 82-85 is probably a good support area that is where it needs to consolidate before it moves on to about Rs 110."
He further added, "Similarly with Jaiprakash Hydro-Power, it was Rs 55 few days back and suddenly it runs upto Rs 85. All these stocks need to cool off, build fresh bases before they can move higher because the kind of moves they have had, they have probably covered a lot of ground in one day. So now they need to move sideways and make some fresh basing patters here."
Source:moneycontrol.com

Views of Ashwani Gujral

Technical Analyst Ashwani Gujral is positive on India Cements, ACC Cement and Dena Bank.

Hereĺs how Ashwani Gujral views the stocks on board:

On fertilizers:

Nagarjuna Fertilizers has sort of achieved a target of Rs 42. The next target here could be Rs 49.

For Chambal Fertilizer, a target of Rs 63 is possible and Deepak Fertilizer also looks good.

These fertilizers stocks have never moved like this in the past. So, I think a lot of under ownership is probably there and lot of people are getting interested. So, these could have much more way to go than people expect right now.

On India Cements:

India Cements has now broken through the key resistance of Rs 240-245. You could probably be looking at levels of about Rs 350 on India Cements. That looks the strongest of the cements stocks.

On ACC Cement:

For ACC, Rs 1,150 is a historical kind of resistance. Historically, September to March has been a golden period for cement. That should hold even this time because construction picks up, so cement is a good sector to be into.

Grasim also looks good for about Rs 3,350 next. A lot of these cement stocks have consolidated quite well and are now beginning to make their upmoves.

On Dena Bank:

Dena Bank is probably the strongest of the double-digit banks. It has got support at around Rs 50-55 and could be headed to Rs 72.

On Essar Steel:

Essar steel is not something I track, but most other large steel stocks like Tata steel, SAIL and JSW are headed towards new highs, if they havenĺt already hit them.

Tata Steel looks strongest, with Rs 730 as the next resistance. Once that is taken out, you could see almost a couple of Rs 100 on Tata Steel.

On Reliance Energy:

Rs 820 was a previous all time high, so once we get past that, you could easily see Rs 960-980 on Reliance Energy.

Its broken out with very heavy volumes and all Reliance stocks are looking very good.

On DLF:

DLF is showing strength, even while the market came down. It held the Rs 540-550 kind of level and looks poised to get back up to Rs 700. But it is not my favorite sector.

It is not outperforming. Just one or two stocks tend to show flashes of up move, but overall its not showing a lot of strengths.

Source:moneycontrol.com