REVISED ON 16/07/2011 : TOP PICKS FOR 2011 :Indian Stock market News:10/07/11

(Again we are witting that the following stock should be accumulated on every dips due to there fundamental  strong business,growth and profits will maximise shareholders wealth)

TOP PICKS FOR 2011 :Indian Stock market News:10/07/11

Top picks

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•  If crude oil price corrects and subsidy burden gets reduced, the net realisation for the PSU exploration major ONGC would be higher. KG block basin seems to hold potential.
•  Advance tax paid oil explorer ONGC (Rs. 1,062 crore)
• Target-345.

                        
  

• The refining margins are expected to remain strong in the near term. Besides, the alliance with BP will enhance the upstream activity of the largest refiner in the country.
•    Advance tax paid  by Reliance Industries (Rs. 900 crore).
•   The stock is at the lowest point of the long-term band. It has resistance at 900 level and support at 825 level. Hold it with a stop loss of 825.
•    The company has recently been in news over CAG report and gas output . Input costs and gas exploration claims by the company may have impacted the stock. Still the recent foray of the company into the insurance sector is a big positive for the company. Margins from its gas business are still attractive. With FIIs buying into the Indian market, the stock of this conglomerate is expected to do well in the future.
• Target-1050.

•  The increase in gas price to $4.2 per mmbtu is a big positive for the government-owned oil exploration company as it improves its revenue and profitability.
• Target-1500.

                                                             

                                                   

•  Kotak Mahindra Bank's advance tax outgo stood at Rs 60 crore (Rs 600 million) up from Rs 45 crore (Rs 450 million).
•  Target -530.                                                   

• The tobacco leader Godfrey Phillips saw its tax bill exactly doubling to Rs 12 crore from Rs 6 crore.
• Expected Good news from the company in coming days buy on dip.
•  Target-4000.

                                                          

•  The stock is in a down-trend. It has witnessed some consolidation recently. The stock can be bought at 1800 or 1850 level in the long term.
•  Target -1950-2000.

                                                             

• Essar plans to lift the capacity of its refinery from 280,000 barrels per day (bpd) to 360,000 bpd by end-June and to 400,000 bpd by September 2012.
•  Plans to expand retail fuel stations to 1700 but further expansion to 3,000 depends on pace of deregulation of diesel.
•  Expected profit more than Rs.250 cr. in this quarter.
• Target-150+.