Archive for August, 2008
Technical Buy Call: GUJARAT ALKALI - Rs 185.40
Technical Buy Call: GUJARAT ALKALI - Rs 185.40
1st Target: Rs 218 (4-6 weeks) 2nd Target: 227 (12-14 weeks) Stoploss: Rs 169
Gujarat Alkali peaked to an intra-week high of Rs 243.75 in the week ended May 5, 2006, and then reversed the next few week, struggled a bit at 244 level before declining to post an [...]
Technical Buy Call: Bata India - Rs. 167.85
Technical Buy Call: Bata India - Rs. 167.85
1st Target: Rs 192 (4-6 weeks) 2nd Target: Rs 201 (12 -14 weeks) Stoploss: Rs 156
Bata India bottomed out by posting an intra-week low of Rs 096.00 during the week ended August 5, 2005, and these levels have not been seen since. The scrip struggled a bit but [...]
Corporate News this week
Ambuja Cements is planning to expand in the South India by transporting the building material by sea route, helping it compete with rivals such as India Cements.
Ansal Properties and Infrastructure will invest Rs 3,600 Cr in Information Technology (IT) Special Economic Zones (SEZ) and IT Parks in the country. Under the scheme, the company will [...]
Low Priced Scrip: WS Industries - 25% Profit Expected in One Year
Today we are experiencing a phase of precariousness in the stock markets, in unison with instability in the crude oil price. In such a situation what an investor should look at is a fundamentally stable company with a growth potential. We see huge potential in WS Industries and its business going forward. It manufactures high-voltage [...]
Take Exposure in the Nestle Counter for Short Term Profit
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Nagarjuna Construction - Buy with Short term to medium term view
Being one of the most diversified business portfolios in the construction sector, Nagarjuna Construction has witnessed investor’s interest in the market. The robust order book position with the recent one of Rs 443.50 crore makes it investors fancy in the street. The counter has witness a lot of volume in both the exchanges with higher [...]
Indian Bank - Possible Upward Move in Coming Days
The recent announcement by Indian Bank on hike in Benchmark Prime Lending Rates (BPLR) by 75 bps, from the existing 13.25 per cent per annum to 14 per cent per annum, will be helpful for the banks’ core business in lieu of the interest rate hike. The bank has emabrked on a rapid explansion and [...]
Dalal Street Hot Chips: HDIL - 15-20% Gain Possible in Short Term
Anticipating a lower inflation after the all-time high in the last few weeks, interest rates are supposed to be stable for the time being. It could boost the potential for price appreciation in the banking stock as well as realty sector. As banking and realty, counters have highest correlation among them. HDIL being one of [...]
Technical Analysis: Patel Engineering - Worth Buying now
Patel Engineering is trading at Rs 420.9 now and despite the scary plunge from Rs 640 to Rs 286 in the three months from May this year, there is still some hope left for the investors in this stock. The stock reversed from the key support zone around Rs 300 in July and is currently [...]
Buy Kalindee Rail Nirman Engineers For Medium Term
Investments with a two-year perspective can be considered in the stock of Kalindee Rail Nirman Engineers, which is engaged in the business of signaling, telecommunications, gauge conversion and track-laying for the Indian Railways. A direct beneficiary of the higher government spending on rail infrastructure, Kalindee stands to benefit significantly from initiatives such as setting up [...]
