Stock views on IDBI Bank, Rolta India, Videocon Industries

Hem Securities on Videocon Industries - Target Rs 280

 

Hem Securities has recommended buy rating on Videocon Industries with a target of Rs 280, in its research report.

"Videocon Industries has posted good results on Q-o-Q basis. We hold a positive outlook towards the company on the back of Videocon's expansion plans. The growth will be driven by its consumer electronics division as well as its crude oil and natural gas division. Presently the company is running at a P/E multiple of 10.92x to its TTM (standalone trailing twelve months) EPS of Rs.20.80. We recommend to BUY the stock with a medium term price target of Rs.280.which is 23% up from the current level of Rs. 227.20," says Hem Securities research report.

India Infoline on Rolta India - Target Rs 192

 

India Infoline is bullish on Rolta India and has recommended buy rating on the stock with a target of Rs 192, in its research report.

"On the daily chart, Rolta India has been moving in a range of Rs 186-172 from the first week of February 2010. On number of occasions, the stock has bounced back from the lower band of this trading range. In fact, daily candlestick chart suggests formation of multiple bottoms around the levels of Rs 140-150. On Wednesday, the stock attempted to breakout past the 100-DMA, which is acting as a strong resistance since past three weeks with impressive volumes. We expect the stock to continue its recent uptrend and attempt the levels of Rs 192-194. The daily momentum indicators like RSI and MACD are exhibiting positive divergences. We recommend traders to buy the stock at current levels and on declines up to the levels of Rs 178 with a stop loss of Rs 174 for an initial target of Rs 192," says India Infoline research report.

India Infoline on IDBI Bank - Target Rs 132

 

India Infoline is bullish on IDBI Bank and has recommended buy rating on the stock with a target of Rs 132, in its research report.

"On the daily charts, IDBI Bank gave an upside breakout in Wednesday's trading session. It suggests that the sideways range is about to end and may reverse into an uptrend. On Wednesday, the stock rallied by 3% confirming the bullish set up. We continue to remain positive on the stock from technical perspective as the stock has managed to hold on to its short-term support trendline in ongoing market volatility. The stock attempted to cross its 100-DMA in yesterday's session. A successful move above Rs 126 could see the stock attempting Rs 132 in the near term. It is advisable to maintain a stop loss of Rs 122 on all long positions," says India Infoline research report.