2. Those who are holding Rolta India Ltd (Rs.59) could see the scrip touch Rs.71-72 in the short to medium term. So keep accumulating in dips.
3. Those who are holding the shares of Gammon India Ltd can look for immediate targets of Rs.12 - 12.50, as GST gets implemented by July, 2017.
4. Buy Allahabad Bank Ltd at Rs.73.05, T: Rs.82 - 86, SL: Rs.72.60.
The Board of Directors of Allahabad Bank had approved raising of BASEL III compliant Additional Tier 1 Perpetual Bonds aggregating up to Rs.1000.00 crore through Private Placement.
The Bank has on March 17, 2017 successfully raised additional Tier 1 (AT 1) capital of bank through private placement of AT1 Perpetual Bonds aggregating to Rs. 300 crores (including green shoe option of Rs. 100 crores) at an annual coupon of 11.15% p.a., discovered through electronic bidding mechanism of NSE (NSE EBP). Meanwhile, the BANKEX is now trading at 24503.73 up 101.79 points or 0.42%.
5. Buy UCO Bank at Rs.36.10, T: Rs.39 - 41, SL: Rs.35. There is no need of SL, as the stock should steadily move up, following the Bankex. UCO Bank on 29 May, 2017 announced that its board has approved raising Rs.1,000 crore through issuance of tier 2 bonds to LIC.