Excerpts from an Interview of Manas Jaiswal AVP & Technical Analyst, Motilal Oswal Financial Services on Bloombergutv
Telecom space is looking weak and advises going short on Idea for a target of Rs 43. Keep a stop loss of Rs 61.
What is your take on the Nifty?
Manas: The trend for Nifty remains bullish if it manages to hold itself below 5,065 levels. It is likely to face resistance around 5,200-5,210 levels; however, if that is taken out then 5,299 could be reached.
Also let us know your view on the realty space?
Manas: The sector remains oversold. However, DLF looks good with a target of Rs 330-335. Keep a stop loss at Rs 292.
Your call on Aban Offshore?
Manas: It had a support at 1048 levels, which was breached yesterday. Avoid going long on the stock as it is likely to go to Rs 920-900.
Your picks in the midcap banking space and about SBI?
Manas: Allahabad bank is a good pick in the space for a Manas: Allahabad bank is a good pick in the space for a target of Rs 177. Keep a stop loss of Rs 148. For SBI, we continue to remain bullish for a target of Rs 2,450.
Monday, May 17, 2010
Wednesday, May 5, 2010
Institutional Equity >Introduction
Introduction
From the inception of the company we have focused on a dedicated research team which is engaged in analyzing the Indian economy and corporate sectors to identify equity investment ideas. The research team currently comprises 22 equity analysts covering over 200 companies in 27 sectors and 2 analysts covering 28 commodities.
Our consistent efforts towards quality equity research have reflected in an increase in the ratings & rankings across various categories in the AsiaMoney Brokers Poll over the years. In the latest rankings, i.e. Starmine India Broker Rankings 2009 from Thomson Reuters, we won awards in 3 out of 4 categories. We were rated No.1 in India Mid & Small-Caps - Best Recommendations category, in the Top-3 in India BSE Sensex - Earnings Estimates category and in the Top-10 in India Mid & Small-Caps - Earnings Estimates category.
Guiding Principles
Ø Customer interest is paramount
Ø Ethical and transparent business practices
Ø Respect for professionals, associates and business partners
Ø Research based value investing
Ø Cutting edge technology to ensure world-class customer service
From the inception of the company we have focused on a dedicated research team which is engaged in analyzing the Indian economy and corporate sectors to identify equity investment ideas. The research team currently comprises 22 equity analysts covering over 200 companies in 27 sectors and 2 analysts covering 28 commodities.
Our consistent efforts towards quality equity research have reflected in an increase in the ratings & rankings across various categories in the AsiaMoney Brokers Poll over the years. In the latest rankings, i.e. Starmine India Broker Rankings 2009 from Thomson Reuters, we won awards in 3 out of 4 categories. We were rated No.1 in India Mid & Small-Caps - Best Recommendations category, in the Top-3 in India BSE Sensex - Earnings Estimates category and in the Top-10 in India Mid & Small-Caps - Earnings Estimates category.
Guiding Principles
Ø Customer interest is paramount
Ø Ethical and transparent business practices
Ø Respect for professionals, associates and business partners
Ø Research based value investing
Ø Cutting edge technology to ensure world-class customer service
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