FAST MONEY: GM breweries, Man Industries among top five buy and sell calls
Man Industries: Promoters bought 5207 shares on June 18. The stock has a target of Rs 121 and a stoploss of Rs 114.
The Sensex and Nifty are expected to extend losses for the third straight session on Wednesday going by the negative trend on SGX Nifty. However, stocks in Asia rebounded from recent losses as investors sought bargains, a day after the specter of a US-China trade war drove down bond yields, and share and commodity prices.
At 7:50 am, SGX Nifty was trading at 10,723.50, down 3 points or 0.03 per cent.
Overnight, US stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. However, S&P 500 futures edged slightly higher, rising 0.05 per cent.
Here are key intraday trading tips:
Man Industries (Buy)
Target: Rs 121
Stoploss: Rs 114
Promoters bought shares in open market
Promoters bought 5207 shares on June 18
Wheels India (Buy)
Target: Rs 2410
Stoploss: Rs 2360
The company has a board meeting on June 22
The board will discuss issuance of bonus shares
GM breweries (Buy)
Target: Rs 950
Stoploss: Rs 900
The stock looks set for a big breakout; Carlesberg IPO to benefit
The company's profits may rise 2.5 times
AIA Engg (Buy)
Target: Rs 1555
Stoploss: Rs 1530
Buying in engineering, construction shares
The stock is trading above all key moving averages
WATCH ZEE BUSINESS VIDEO HERE
Hero MotoCorp (Buy)
Target: Rs 3680
Stoploss: Rs 3642
Macquarie has an outperform rating on the stock.
Target at Rs 4400: Macquarie
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)