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Archive for November, 2010

Buy Recommendation – Berger Paints India

Investors with short-term perspective can consider buying the stock of Berger Paints India. It is seen from the charts of the stock that since October 2008 low of Rs 25, the stock has been on a steady long-term uptrend forming higher peaks and higher troughs. However, after recording lifetime high of Rs 123 in September […]


Buy Recommendation – OnMobile Global

We recommend a buy in the stock of OnMobile Global from a short-term perspective. It is apparent from the charts that the stock has been on a long-term downtrend from its July 2009 peak of Rs 682, forming lower peaks and lower troughs. In early October 2010, the stock encountered resistance at Rs 400 and […]


Sell Recommendation – Gujarat NRE Coke

Investors with medium-term perspective can consider selling Gujarat NRE Coke (Rs 52.1). The company manufactures and sells low ash metallurgical coke. After encountering key resistance around Rs 94 in January 2010, the stock reversed direction and began to decline. Later in March as well as April, the stock failed to surpass this resistance and resumed […]


MOIL IPO Analysis – Invest

Investors could consider applying to the IPO of Indian manganese producer MOIL India, which appears attractively priced given its quality ore reserves, low operating costs and booming domestic market. At the higher end of the offer price band with the retail discount factored in (Rs 356.25), the company would trade at an EV/EBIDTA ratio of […]


Buy Recommendation – Everest Kanto Cylinder

Investors can consider phased exposure to the stock of Everest Kanto Cylinder, a high pressure cylinder manufacturer. At the current price of 97, the stock trades at 11 times its expected consolidated per share earnings for FY-12. The jump in volume sales in India and in its Dubai unit, lower costs of operations anticipated for […]


Buy Recommendation – State Bank of India (SBI)

Fresh investments can be considered in the State Bank of India (SBI) stock that, after a 17-per cent correction, provides a good buying opportunity. Being a market leader, SBI may continue to be a major beneficiary of the credit growth which typically picks up during the second half of the year. The bank has steadily […]


Sell Recommendation – Reliance Mediaworks

We recommend a sell in the stock of Reliance Mediaworks from a short-term perspective. It is apparent from the charts that after encountering significant long-term resistance in the band between Rs 300 and Rs 310 in early October, the stock started to decline and has been on a medium-term downtrend. On November 19, the stock […]