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�� 2010 �� September
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Archive for September, 2010

Technical Analysis – Financial Technologies (India)

The stock nose-dived 11 per cent on Friday with heavy volumes after the market regulator turned down MCX Stock Exchange’s application to offer trading in equities, debt, and derivatives segment. The stock has tumbled 14 per cent over the week and is hovering well below its 50 and 200-day moving averages. Since January 2010 peak […]

Technical Analysis – Punj Lloyd

The stock advanced 12 per cent last week, accompanied with good volume. From significant resistance level of Rs 300 encountered in October 2009, Punj Lloyd has been on an intermediate-term downtrend. However, recording a 52-week low of Rs 104 on August 31, the stock began to rally. As long as the stock trades below the […]

Technical Analysis – IDBI

IDBI: The stock touched its 52-week high on Friday at Rs 154.8. The immediate-term outlook remains positive for IDBI. Another conclusive close above Rs 154 has the potential to lift the stock towards its all-time high levels around Rs 179 level, though in between Rs 168 could pose a strong resistance. The immediate support appears […]

Technical Analysis – MTNL

MTNL: The stock has been hovering around Rs 65 in the last couple of months. It now finds an immediate support at Rs 61 and resistance at Rs 68. However, as long as it stays above Rs 54, the medium-term outlook would remains positive for the stock. A close above Rs 68 has the potential […]

Buy Recommendation – Tata Motors DVR

Investors with a medium-term perspective can buy the Tata Motors DVR (Differential Voting Rights) stock. At the current market price of Rs 752 (Tata Motors – Rs 1070), these shares trade at a very reasonable PE of 8 times (Tata Motors – 11.5 times) the company’s estimated consolidated earnings for FY2011. Issued in late 2008, […]

IPO Analysis – Ashoka Buildcon – Invest

Investors may subscribe to the initial public offer of infrastructure player Ashoka Buildcon. At the upper end of its price band of Rs 297-324, the offer discounts FY-10 consolidated earnings by 22 times and estimated FY-11 earnings by 14 times. Larger players in this space such as Jaypee Infratech and IRB Infrastructure trade at valuations […]

IPO Analysis – Tecpro Systems – Invest at cut-off

An established track record of project execution, quality order book and technical collaboration with international players, besides high trajectory of earnings growth strengthen the prospects of material-handling player Tecpro Systems. Investors with a two-year perspective can consider investing in the initial public offer of Tecpro. The offer price of Rs 340-355 discounts the company’s consolidated […]