Stock Check: The momentum is building for Hero Honda
It's a mixed verdict. A broad analysis of the stock movements makes it clear that some played to our tune while the rest ran their own course.
Firstposthas been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.
Andhra Bankwas a buy call which was not triggered on Wednesday.
Renuka Sugar was also a buy call which was not triggered on Wednesday.
ITCwas triggered on the long side above our entry price of Rs 207.35. The stock shot up to a high of Rs 207.35 on Wednesday and closed the day at Rs 205.50. We maintain our target of Rs Rs 215 for the stock.
More from Investing[caption id="attachment_44915" align="alignleft" width="380" caption="Our target of Rs 1,750 for Hero Honda was met on Wednesday. Tanushree Punwani/Reuters"]
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Hero Hondawas a sell call which was triggered since Tuesday below Rs 1,810. Our target of Rs 1,750 was met on Wednesday.
IDFCwas a buy call above Rs 143.15. The stock touched a high of Rs 144.15 on Wednesday, but closed lower at Rs 140.05 on Wednesday. We have a target of Rs 155 which we maintain.
Hotel Leelawas a buy call with a price target of Rs 47. The stock met our price target and moved on to hit a high of Rs 49.40 on Wednesday.
Exidewas a buy call with a target of Rs 175. The stock climbed a high of Rs 174.60 on Wednesday, but closed lower at Rs 168.05.
Our stop loss in Allahabad Bankwas triggered below Rs 205.30 on Wednesday, the low of Tuesday. We had a a buy call on the stock with a target of Rs 215.
Bank of Barodawas a buy call with a target of Rs 915. The stock went up to a high of Rs 903.75 on Wednesday and closed the day at Rs 897.15. We maintain the target for the stock.
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