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Archive for November, 2011

Short Term Buy Call – Patel Engineering

We recommend a buy in the stock of Patel Engineering from a short-term perspective. It is evident from the charts of the stock that it has been on a long-term downtrend from its September 2009 peak of Rs 526. Medium-term trend is also down for the stock. However, its short-term trend is reversing up. After […]


Nuziveedu Seeds IPO Updates

The world’s third-largest producer of cotton seed had revenue of more than Rs. 6bn last year, according to its website. Nuziveedu Seeds has reportedly chosen five investment banks for its proposed initial public offering (IPO) that may raise up to Rs. 8bn. The Andhra Pradesh-based company has selected Goldman Sachs, IDFC Capital, Enam Securities, JM […]