Public sector Dena Bank is also in talks with few insurance companies to raise capital, its CMD Ashwini Kumar said, this week. Kumar said for Dena Bank, the worst was over. "For my bank, the worst phase is over. Things postdemonetisation is now improving", he said.
2. Those who are holding the shares of Reliance Communications Ltd (Rs.32.95), can look for good days ahead, as the company goes for merger with Aircel -- SSTL and Telenor. It will also get the backing of Mukhesh Ambani, following infrastructure and spectrum tie ups. We can look forward for levels of Rs.47-55 in the coming days; from where it fell.
3. Those who are holding the shares of JSW Energy (Rs.61), can continue to hold with a SL at Rs.57, for targets of Rs.67-68. However, the problem with this scrip, inspite of having fundamental, is the lack of interest from retail players. The company has a complex business model, which many retail investors cannot fathom.
4. Those who have invested in Punj Lloyd Ltd (Rs.20.10), should wait for the scrip to give a closing above Rs.20.50, before taking fresh entry. However, those who are already invested should keep a SL of Rs.19.60.
5. Brokerage Call: Buy IDFC Bank Ltd at Rs.63.50, T: Rs.68-72, SL: Rs.60.