ICICI DIRECT.COM
1. The festive season starting next month would help bolster Auto sales. Demand is expected to increase owing to the planned newer launches and upcoming festive season, which generally sees an increase in vehicle sales.
2 . The recent volatility on the stock markets is posing challenges to investors looking for safe returns. High dividend yield stocks offer a safe haven to investors where safety is more of a priority than high returns. So even if the market remains volatile, going ahead, an investor can still get a decent return on investment , thanks to good dividend yielding stocks. The dividends are paid no matter what direction the stocks move and can provide a higher yield on investment a weak market.
RELIANCE MONEY
Weekly Technical Watch, levels of 4220 and then 4000 on weekly charts will continue to act as a strong support while on higher side levels of 4420 and then levels of 4600 will act as strong hurdle going forward.
NETWORTH STOCK BROKING
Long term valuation of Ranbaxy labs is very attractive. Networth has considered 2 scenarios, in scenario 1 it has assumed that 100% comes in for Tender and in scenario 2 it has assumed that 75% comes in for Tender. Under both the scenarios it has come to the conclusion that the long term valuation of the stock very attractive.
ANGEL BROKING
To accumulate TATA MOTORS from neutral with a target price of Rs 445 in its September 2, 2008 research report. "At current levels, we believe substantial portion of the concerns are now reflected in the TML stock price. Further, after considering the risks applicable to the consolidated entity, effects of the dilution owing to the Rights issue and conservatively assuming USD 100 million Profit in CY2009E for J&LR at 0.8% NPM (global peers have NPM in the range of 2-3%), we assign a target multiple of 9x FY2010E consolidated Earnings to the stock. Thus, considering limited downside from current levels, we upgrade the stock to Accumulate from Neutral, with a target price of Rs 445