Trading Idea

Buy Canara Bank CMP 523 Tgt 550 SL 515
Buy Mcleod Russel CMP 264 Tgt 280 SL 260

Cairn - Vedanta Deal

Finally, Cairn and Vedanta have decided to remove the Non Compete Fees and pave the way for deal to happen. But in whose favour is this? Cairn or Vedanta or ONGC? Definitely it is in favour of ONGC which now will have less burden of Royalty payment on Rajasthan Block. But it is against Minority shareholders of Cairn. Cairn's Share may go down to Rs.260.

Investment Idea

Zydus Wellness (CMP-580)
VST Tillers (CMP 480)
PTC (CMP 75)
Venkys (CMP 560)