Archive for February, 2011
MphasiS nose-dived 31 per cent or Rs 203.8 over last week triggered by disappointment over the company’s earnings. The stock plunged 28 per cent forming a large downward gap accompanied by extra-ordinary volume, breaking through a significant long-term support at Rs 550. Since recording its all-time high of Rs 796 in November 2009, the stock […]
Aurobindo Pharma, on February 23, announced that the US FDA had imposed a ban on shipments from one of its unit; following which the stock tumbled 17 per cent. It has plummeted 26 per cent over last week accompanied with heavy volumes and is currently testing its significant long-term support band between Rs 155 and […]
A strong pace of execution in projects from steel and cement industries, comfortable order book, entry into utility power equipment and almost nil debt are all positives for energy and environment solutions provider Thermax. Investors with a 2-3 year perspective can consider buying the company’s stock in a phased manner, linked to market dips. At […]
KSB Pumps jumped 7.58% to Rs 479 at 9:49 IST on BSE, after the company’s board approved a liberal 1:1 bonus issue. The board approved the bonus issue at the time of announcing Q4 December 2010 results after market hours on Thursday, 24 February 2011. The small-cap stock had underperformed the market over the past […]
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We recommend a sell in the stock of Jaiprakash Associates from a short-term perspective. It is evident from the charts of the stock that it has been trending down in all-time frames long, medium and short-term. After encountering resistance at Rs 140 in November 2010, the stock resumed its downtrend and emphatically breached its long-term […]
We recommend a buy in the stock of Hexaware Technologies from a short-term horizon. It is seen from the charts of the stock that after taking support from its long-term base zone between Rs 66 and Rs 70 in late August 2010, it has been on a medium-term uptrend. However, following a corrective decline, the […]