Archive for May, 2011
HERE IS WHY – The company has so far received orders from the UIDAI worth Rs 140 crore. – With a strong order book of Rs 290 crore, topline growth is expected to be good. There are certain companies that perform consistently well but still do not manage to catch investors’ fancy on the bourses. […]
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DR REDDY’S LABORATORIES BSE Code: 500124 Volume: 30000 CMP: Rs 1588 Riding high on three new drug aunches in the US (including Allegra D-24) and with 75 pending approvals of which 37 are Para IV listings, the company is well positioned to witness better growth going forward. DRL incurred a capex of Rs 880 crore […]
We recommend a buy in the stock of Mahindra Forgings from a short-term perspective. It is seen from the charts of the stock that it was on an intermediate-term down trend from its October 2010 peak of Rs 115 until its March low of Rs 56. However, the stock bottomed out triggered by positive divergence […]
We recommend a buy in the stock of Berger Paints India from a short-term time frame. It is seen from the charts that after retracing 50 per cent fibonacci retracement level of its prior major uptrend, the stock found support at Rs 74 in February 2011. The stock bounced up and has been on a […]
Investors with medium-term horizon can consider buying the stock of V-Guard Industries (Rs 191.7). The company is a leading manufacturer of voltage stabilisers and also manufactures water heaters, fans and low-tension power cables. After bottoming at Rs 38 in March 2009, the stock has been on steady long-term uptrend forming rising peaks and troughs. However, […]
In the present market scenario it is always advisable to look for safe havens rather than other aggressive sectors. Therefore, we have chosen IPCA Laboratories from the pharmaceutical domain, which is seen as a safe haven for investors to park their fund in turbulent times. The company is present in the API space and it […]