Do u know that what's the expected time of declaration of SBI Q4 FY11 result?Thanks

9 stocks to watch out for today

State Bank of India: SBI will be announcing its results during the day. The market expectation is that the bank will post a topline of Rs 12,732.5 crore and a profit of Rs 2,922.5 crore for the quarter ending March 31, 2011. The stock has shown weakness and technically the chart will be forming a bearish pattern below Rs 2,610. Being an event-based day, volatility will be high.

Coal India: Analysts across broking houses have maintained a buy rating on Coal India with a caveat that the rating or price target will be revised after the announcement of consolidated results on May 25, 2011. The chart, however, shows good strength and the stock trades close to its all-time high. Selling has been on lower volumes, indicating that not many are selling. A cross above the current top of Rs 396.35 can take the stock to Rs 410.

Bata: Bata has been attempting to cross Rs 474, its all-time high price, for the last five trading sessions. It has seen selling pressure in the Rs 465-474 range. A move above Rs 474 can take Bata to the Rs 500 level. The company, which came out with an excellent set of numbers, has been upgraded by a number of brokers. A fall below Rs 450 will change the bullish sentiment in the short term.

SAIL: Over the last four months, the stock has bounced back from Rs 150 levels four times. It is about to test the level for the fifth time. A breach of the Rs 150 level can take the stock to its next level of Rs 127. Other steel companies like Tata Steel too are trading near important support levels, while the smaller ones have broken all support levels. Thus, the probability of the stock breaking the Rs 150 level is high.

Crompton Greaves: In the last three months, the stock touched Rs 240 for the second time. There has been good buying at these levels over the last five days. Rumours in the market are that the company is going in for a big acquisition. Crompton was very strong in a weak market on Monday, with a spurt in volume over the last five minutes. Probably there is something to the rumour. The stock looks good above Rs 248.

source: firstpost.com
Glenmark: The company announced out-licensing of its products to Sanofi. Glenmark will be getting an upfront payment of $50 million from the deal (Rs 7-8 per share, post-tax) over the next two-three months. The remaining milestone and commercialisation-related payments of $613 million (Rs 90 per share) along with royalties are dependent on the success of the product, which can take five to seven years. The stock has already moved up by Rs 50 on Monday on extremely high volumes. After the initial euphoria, selling was witnessed in the counter. A fall below Rs 291.45 can bring the stock back to Rs 275.

Suzlon: There has been a build-up in the price in anticipation of results. The stock opened very strongly on Monday, but since the opening bell, there has been continuous selling. The stock closed at the low of the day. Selling is expected to continue, given the intra-day pattern. The stock can touch a level of Rs 50.

JSW Steel: The company announced its results in the second half of Monday and held an analysts meeting after close of the market. Analysts say that margins are expected to remain under pressure, especially since its coal contracts are up for renegotiation. The stock touched the previous day’s low and bounced back on Monday. It can fall further if it falls below this low of Rs 908.

Diamines & Chemicals: The company has informed the exchange that it will be holding a board meeting to consider the issue of bonus shares. The stock is expected to react positively to the news and can touch a level of Rs 84 where it can meet some resistance. However, this will depend on the bonus ratio.

Goldman bullish on JSW Steel as valuation shines

JSW STEEL
Broking firm — Goldman Sachs
Rating – Buy
Current price – Rs 910
Target price – Rs 1,140

read more: http://www.firstpost.com/investing/goldman-bullish-on-jsw-steel-bets-on-valuation-10809.html

SBI is plunging...weak results...what to do now?

Hi pooja1981, enter a sbi put for now. will help recover some loss

Hi jayanthi, these are going weak. dont enter these yet

Hi MRP, above 940 can head upto 990 ************************ sorry, just came online.

kartik,

holding sbi fut@2660, 200 rs. down.....

now tell me can i average now.....may be its because of provisioning......is it a good time to buy again?

Also hving LIC FUT and ashok FUT.....so i am in huge loss?