Recommendation
Nagarjuna Construction - Buy with Short term to medium term view
Being one of the most diversified business portfolios in the construction sector, Nagarjuna Construction has witnessed investor’s interest in the market. The robust order book position with the recent one of Rs 443.50 crore makes it investors fancy in the street. The counter has witness a lot of volume in both the exchanges with higher [...]
Indian Bank - Possible Upward Move in Coming Days
The recent announcement by Indian Bank on hike in Benchmark Prime Lending Rates (BPLR) by 75 bps, from the existing 13.25 per cent per annum to 14 per cent per annum, will be helpful for the banks’ core business in lieu of the interest rate hike. The bank has emabrked on a rapid explansion and [...]
Dalal Street Hot Chips: HDIL - 15-20% Gain Possible in Short Term
Anticipating a lower inflation after the all-time high in the last few weeks, interest rates are supposed to be stable for the time being. It could boost the potential for price appreciation in the banking stock as well as realty sector. As banking and realty, counters have highest correlation among them. HDIL being one of [...]
Technical Analysis: Patel Engineering - Worth Buying now
Patel Engineering is trading at Rs 420.9 now and despite the scary plunge from Rs 640 to Rs 286 in the three months from May this year, there is still some hope left for the investors in this stock. The stock reversed from the key support zone around Rs 300 in July and is currently [...]
Buy Kalindee Rail Nirman Engineers For Medium Term
Investments with a two-year perspective can be considered in the stock of Kalindee Rail Nirman Engineers, which is engaged in the business of signaling, telecommunications, gauge conversion and track-laying for the Indian Railways. A direct beneficiary of the higher government spending on rail infrastructure, Kalindee stands to benefit significantly from initiatives such as setting up [...]
Buy Ipca Labs
Strong performance in branded finished dosages, growth momentum in exports and a strong position in anti-malarial drugs makes Ipca Labs, a medium sized pharma company with Rs 1,100 crore revenues, a good investment option.
At the current market price of Rs 567, the stock trades at 8 times its 2008-09 earnings per share; at a discount [...]
Buy Transformers and Rectifiers For Long Term
Well, this is the weekend update for you to be ready for coming Monday. The investors like me with a long-term perspective can consider buying the stock of Transformers and Rectifiers (T&R). What made me suggest it is it’s
robust growth in revenue backed by stable margins
healthy growth in order backlog
and the likely commissioning of [...]
Technical Analysis: State Bank of India [SBI]
Last week, SBI rallied strongly to move past outermost short-term target at Rs 1,556. Keep in mind, the stock faces strong resistance at Rs 1,535 (38.2 per cent retracement of the down move from January peak) and at Rs 1,610 where the 200-day moving average is positioned.
A reversal from this zone can result in the [...]
Nu Tek India - IPO Analysis
We can certainly consider an investment in the IPO of Nu Tek India, with the given the reasonable asking price and the potential for this business. The company enables telecom companies to expand their tower infrastructure, by providing end-to-end services. Nu Tek delivers telecom infrastructure roll out services, including civil and electrical works, for wireless [...]
Technical Analysis of Reliance Infra
Reliance Infrastructure moved higher past our short-term target at Rs 850, but the trading was extremely volatile last week. The sharp reversal on Friday can pull the stock lower towards Rs 740 or Rs 660 in the near-term. Short-term traders can play short with a stop at Rs 880. Key resistance level for the near [...]
