Best Share Tips for Today (8th September)- Money Maker Research

BSE Sensex opened higher by 63 points at 31,726 levels, while the NSE Nifty opened higher by 22 points at 9,952 marks at after 10:00 hours extent. A majority of Asian stocks were trading in the positive terrain in early trade on Friday. The shares of L&T, Cipla and Tata Steel rose, while Dr. Reddy’s Labs and Infosys fell. Here are the latest stock focuses from the markets: 

• Stocks of Bajaj Finance Limited are on a rising streak since the last two trading days after a robust response to its QIP of equity shares on the eve of 5 Sept. The Bajaj Finance stock has gained over Rs 9400 in market capitalization in just two days.

• Shares of Eicher Motors and Royal Enfield advanced over 3 percent to hit a record high yesterday on the news that the company is going to make a binding offer to acquire the iconic Italian superbikes Ducati about 2 billion dollar. The stock gained 3.88 percent to Rs 33,328.4 on NSE yesterday.

• Shares of Indiabulls Housing Finance rose to a lifetime high on Thursday after research and brokerage firm CLSA raised the target price of the company to Rs 1500 from Rs 1380. Mahindra & Mahindra has announced the proposed rise in GST on SUVs and bigger cars should not be applied during the festive season.

Top Stocks for Positional Trading @ Welspun Corp Buy ( 7 Sep 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in WELCORP.

“WELCORP is the stock which I would recommend to buy above Rs 146; this can see a upside to levels closer to Rs150 -152 zones, keep stop loss below Rs 140”.

Welspun Corp Limited is a welded line pipe manufacturing company engaged in offering solution in line pipes with a capacity to manufacture longitudinal submerge-arc welded (LSAW), spiral helical submerged arc welded (HSAW) and high frequency electric resistance welded (HFERW) high frequency induction (HFI) electrical resistance welded (ERW) pipes. The Company also offers coating, bending and double jointing facilities.

Margins for this quarter have been good, but some moderation in margins is expected in later part of the year & I expect the company to maintain trend of volumes of around millions of tonne for this financial year as well.

Although Saudi business will continue to be a bit of a drag. I expects the outlook to be little better in the quarters ahead than what it has been at the end of Q1.

WELCORP was closed 2.49 per cent up today at Rs 144.30 at NSE.

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If you are aware of Future & Option in the market, you will find that future options is pretty well in the future markets. Of late, many new comers choose Stock Futures options, rather than straight futures contracts.

To define the Option, it is the right but not the obligation to buy or sell a futures contract at a determined price. A trader wants to buy Options in the Indian stock market so that he can bet on the price of the futures contract. There are mainly two kinds of options namely- Call option and Put option. If you think that the underlying futures price is crossing higher, then you can buy Call option. In Put option, if you consider that the fundamental future prices will move lower, then you can choose Put option.

Traders are highly recommended to go for share tips so that they can get the complete idea of the market. Money Maker Research offers potential stock future tips to their clients. The predictions made by our experts are based on qualitative and quantitative research of the market trends. We specially devise the stock future services for future prospects of traders. We offer proper follow-ups, positional calls, timely entry and exit updates, news updates to keep informed the traders irrespective of in all categories of stock market trading.