Today's Calls

1. Buy IDFC Bank Ltd at Rs.62.35, T: Rs.68 -72, SL: Rs.61.40. In a significant development, The promoters holding in the company stood at 52.92 % while Institutions and Non-Institutions held 34.45 % and 12.63 % respectively. The stock is trading above its 50D and 200D SMAs. It's 200D EMA is placed at Rs.60.97.

Photo: Trustworthy No.1 

The private lender IDFC Bank, picked up a 5% stake in financial services major IIFL Holdings for over Rs.502 crore through an open market transaction, at the beginning  of this month. On that day the stock of IFL Holdings closed at Rs.322.90 in the BSE. Today it is quoting at Rs.384, adding value to the shareholders' wealth. Also, IDFC Bank will replace BOI in Bank Nifty from March 31, 2017. All these developments bode well for the shares of IDFC Bank Ltd. 

2. Those who are holding the shares of RCOM at (Rs.37) can continue to hold the same, with addition on every decline. Once the mergers get completed, the stock is likely to give huge returns to the patient investors.

3. The domestic markets are trading with caution ahead of the release of GDP data for Oct - Dec period -- the shares of telecom and public sector oil companies will be in focus; apart from Bank Nifty.

4. Buy Hindustan Oil Exploration Ltd at Rs.75.30,  T: Rs.78-82, - 86, SL: Rs.72.60. Hindustan Oil Exploration Company Ltd. engages into field of oil and gas exploration. Incorporated in the year 1983, Hindustan Oil Exploration Company Ltd. is based in Vadodara.

Hindustan Oil Exploration Company (HOEC), which won rights to develop two already discovered, marginal fields in a recent government auction, says it sees early monetisation of the one in Arunachal Pradesh.

The Kherem field in Arunachal Pradesh lies about 60 km from HOEC’s Dirok field, which is expected to start producing gas next month. Kherem is a small field with 3 million barrels of oil — that can produce 200 barrels a day to start with — and 17 billion cubic feet of gas. Twinning Kherem with Dirok will neither be difficult nor expensive, P Elango, Managing Director, HOEC, told BusinessLine. The 16.45 sq km Kherem field, discovered by Oil India Ltd (OIL) in 1994, has a couple of exploratory wells doing down.