Realty, Oil & Gas and Banks might outperform the broader market. Crude made a come back on Thursday to nearly $69.50 per barrel on the New York Mercantile Exchange as prices hover under the year's peak on economic concerns. Watch out for Cairn Energy and Reliance Petroleum in this space.
Meanwhile the race for Great Offshore Rs 413 is heating up, as ABG is likely to make a revised offer soon, to trump Bharati Shipyard counter offer. We still maintain a target of Rs 450 on this stock.The stock of Unitech might see a sigh of relief. Unitech is poised for another upmove after a decent gain yesterday. The stock might reach Rs 92 in Friday's session.
Bartronics India was locked in circuit Rs 170, on speculation that the company will be a front runner in the newly announces 'Identity Card' program by the government. The stock has a long way to go from here. JP Hydro was another mover on huge volumes on some fund buying. Max India,BEML, D-Link and Hotel Leela are some of the stocks to watch out in today's trade