Stock views on Siemens, Aditya Birla Nuvo, SAIL

Anand Rathi on SAIL - Target Rs 291

Anand Rathi Securities has recommended a buy rating on SAIL, with price target of Rs 291, in its report.

"We initiate coverage on SAIL with a Buy rating and a target price of Rs 291. SAIL is one of our top picks owing to its Indiafocused operations, aggressive capacity expansion, modernization and strong balance sheet," says Anand Rathi Securities report.


IndiaInfoline on Aditya Birla Nuvo - Target Rs 975

IndiaInfoline is bullish on Aditya Birla Nuvo and has recommended buy rating on the stock with a target of Rs 975, in its research report.

"Aditya Birla Nuvo has seen a sharp rally from the support zone of around Rs 870 and has managed to cross the critical resistance levels of Rs 910-915 with impressive volumes. It has formed a medium term bottom around the above mentioned levels. Volumes accompanying the breakout are encouraging, thereby adding confirmation to the bullish outlook. MACD is in positive zone and has given a bullish crossover. The weekly RSI is exhibiting positive divergence. Based on the above-mentioned technical evidences, we recommend traders with high risk appetite to buy the stock in the range of Rs 910-930 for a target of Rs 975. A stop loss of Rs 895 should be maintained on all long positions."


Indiainfoline on Siemens - Target Rs 655

Indiainfoline is bullish on Siemens and has recommended buy rating on the stock with a target of Rs 655, in its research report.

"On the daily chart, Siemens has given a bullish breakout. It suggests that its short-term trend has turned up. Over the last eight weeks, the stock was consolidating in the range of Rs605-540. On Thursday, the stock crossed above the upper end of this trading band. The upmove was well supported by healthy volumes. Further, supportive technical oscillators are also positive. We recommend traders to buy the stock at current levels and on declines to the levels of Rs 610 for an initial target of Rs 655. It is advisable to maintain a stop loss of Rs 597," says Indiainfoline research report.