FAST MONEY: Infosys, ONGC among key intraday trading tips

Intraday trading tips: Foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 1,487.82 crore during last week, as per Sebi's record including the provisional figure of April 13, 2018. 

FAST MONEY: Infosys, ONGC among key intraday trading tips
Sell Infosys with a stoploss of Rs 1180. Image source: Pixabay
By ZeeBiz WebTeam
Updated: Mon, Apr 16, 2018
09:03 am
ZeeBiz WebDesk
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The benchmark indices are expected to open lower on Monday tracking mixed trend seen in Asian markets as relief US-led strikes on Syria looked unlikely to escalate was tempered by concerns at Russia’s potential reaction to new sanctions from Washington. Back home, investors will react to tech major Infosys' March quarter results, which reported 28.2 per cent fall in net profit at Rs 3,690 crore in Q4 on consolidated basis, in-line with expectations, as against Rs 5,129 crore reported in the December quarter of FY18.

The tech major's revenues grew by 7.2 per cent in dollar terms, while 5.8 per cent in constant currency terms, with operating margins coming in at 24.3 per cent.

Overseas, with the situation in the Middle East still fluid, moves were modest and in both directions. EMini futures for the S&P 500 nudged up 0.38 percent, while Japan’s Nikkei added 0.2 percent.

Yet MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.4 percent as Chinese blue chips took an early 0.7 percent dip.

The United States, France and Britain launched 105 missiles targeting what the Pentagon said were three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on April 7.

Meanwhile, foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 1,487.82 crore during last week, as per Sebi's record including the provisional figure of April 13, 2018. The S&P BSE Mid-Cap index rose 81.19 points or 0.49 per cent to settle at 16,677.76. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99. Both these indices outperformed the Sensex.

Here are key trading ideas for today's trade:

ICICI Securities (Buy)

Target: Rs 435
Stoploss: Rs 418

Q4 net profit at Rs 159 crore from Rs 83 crore last year
Q4 income increased to Rs 515 crore from Rs 382 crore last year

ONGC (Buy)

Target: Rs 188
Stoploss: Rs 180

The govt looking to sell stake in Pawan Hans
Bids invited for stake sale
ONGC holds 49% stake in Pwan Hans

Bhansali Engg (Buy)

Target: Rs 212
Stoploss: Rs 204

Q4 net profit increased 85% to Rs 28.35 crore
Q4 income surged 39 per cent to Rs Rs 308 crore.

Delta Corp (Buy)

Target: Rs 275
Stoploss: Rs 265

April 23 Q4 earnings to come out
Profit may surge three-fold

Escorts (Buy)

Target: Rs 975
Stoploss: Rs 935

IMD will release Monsoon first forecast later todY
Agr-linked stocks may rally

GNFC (Buy)

Target: Rs 425
Stoploss: Rs 408

April 23 Q4 earnings to come out
Profit may surge three-fold

Infosys (Sell)

Target: Rs 1125
Stoploss: Rs 1180

Operating margin slipped 22-24 per cent in FY19
Operating margin guidance came in at 23-15 per cent in FY18 

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)

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