PNB, BHEL among 10 buy and sell calls for Friday's trade

The domestic market is expected to open higher after Asian shares extended their recovery from two-month lows into a fifth day as the Wall Street market volatility gauge fell, while the US dollar was undermined by various worries including rising inflation.

At 8:30 am, SGX Nifty was trading at 10,588.50, up 31.50 points or 0.30 per cent. 

Below are the key trading ideas for Friday's trade:

1) PNB (Buy)

Target: Rs 140
Stoploss: Rs 125 
CMP: Rs 128

• ED confiscated funds worth Rs 5100 crore
• The stock jumped post recapitalisation from Rs 128.80 level itself 
• Pullback expected on technical charts. 
• Short-covering possible ahead of expiry
• JP Morgan has a neutral rating with a target of Rs 195

2)  RAMCO SYSTEMS (Buy)

Target: Rs 480
Stoploss: Rs 467 
CMP: Rs 470

• Mid and smallcap IT firms are on an uptrend
• The stock remained stable amid broader market volatility

3)  BHEL (Buy)

Target: Rs 98
Stoploss: Rs 93 
CMP: Rs 94.70

• The company received orders worth Rs 560 for emission Control 

4) IRB Infra (Buy)

Target: Rs 232
Stoploss: Rs 225 
CMP: Rs 227.35

• Financial closure of NHAI road project
• Financial closure completed for Kishangarh-Gulabpura toll
• The project is worth Rs 1020

5) INDOCO REMEDIES (Buy)

Target: Rs 270
Stoploss: Rs 258 
CMP: Rs 270

• Received GMP certificate for Goa unit from European regulator 

6) WOCKHARDT (Sell) 

Target: Rs 780
Stoploss: Rs 800 
CMP: Rs 794.70

• Sell-off going on post Q3 earnings
• Buy calls receding in futures trade

7) MOTHERSON SUMI SYSTEMS (Sell) 

Target: Rs 325
Stoploss: Rs 347 
CMP: Rs 343.25

• The stock settled at day's low in previous session
• Buy calls receding in futures trade

8) GRANUELS (Sell)

• Sell-off going on for last two days
• Sell-off on the back of heavy volumes

9) Prakash Industries (Buy)

Target: 226
Stoploss: Rs 217

• The company will issue convertible warrents worth Rs 1 crore to promoters
• The company plans to raise Rs 208 crore

10) ZEE ENTERTAINMENT (Buy)

Target: Rs 600
Stoploss: Rs 560 
CMP: Rs 571

• Morgan Stanley overweight on the stock with a target price of Rs 610
• Motilal Oswal also has a Buy rating with a target price of Rs 705 

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