Nirmal Bang has maintained its ‘Buy’ rating on Essar Shipping Ports & Logistics stock to achieve a target between Rs 48 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 42.

Shares of the company, on Monday (April 06), closed at Rs 40.30 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 4.03 and 10.45 respectively. The share price has seen a 52-week high of Rs 187.85 and a low of Rs 19.40 on BSE.

The report also said that a big move is expected if the stock maintains above 42.

Lot of action was in few counters but considering the whole market the proceeds were on the minor side around Rs 49,500 crore on the F&O space as against Rs 56,000 crore during the previous week, so just about 15 per cent decline in turnover.

According to stock market expert Narendra Nainani, looking at the Nifty futures, which marked their closure provisionally around 5 or 6 points premium but intra-day they had descended into discount so from the lows of the day stock market has recovered and investors could have seen some fresh long positions returning into the Nifty.

Nirmal Bang Research

Stock market expert  has maintained ‘Buy’ rating on Unitech stock to achieve an intraday target of Rs 36.50.

According to him, day traders can buy the stock around Rs 34 with a stop loss of Rs 33.50.

Shares of the company, on Monday (March 30), closed at Rs 33.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 5.62 and 6.25 respectively. The share price has seen a 52-week high of Rs 338 and a low of Rs 21.80 on BSE.

Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260.

According to Mr. Rathi, interested investors can buy the stock with a strict stop loss of Rs 150.

Today, the company’s shares opened at Rs 170, as against its last closure at Rs 168.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 20.47 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.

After rallying for three successive days, the Sensex, on Tuesday (Mar 17), ended the day on a negative note followed by banking, IT and oil & gas stocks.

Among the BSE Sectoral indices BSE IT index remained the top loser, the index declined 2%. Among the other major losers were BSE Bankex index (down 1.6%), BSE Oil & Gas index  (down 1.3%) and BSE Teck index (down 1.2%).

After opening at 8,942.01, down 1.53 points, BSE Sensex remained lackluster all through the day. It also hit a high of 9,024.12.