Quick Buy Calls For This Week
- Tata Metalliks makers of Pig Iron have posted good results for March quarter. FY 09 EPS is likely to be close to Rs.55 and share looks a good bet at Rs.168 for medium term which has potential to touch Rs.200.
- CIPLA Ltd. though posted below expectations results for March 08 quarter still its FY 08 EPS at Rs.9 is satisfactory. Share price having corrected to Rs.215 could be bought as a contrarian buy.
- CESC Ltd. looks a good buy at Rs.450 as the company had posted better results with EPS of Rs.28 for FY 08. Share may rise to Rs.500 soon.
- Oriental Bank is recommended a good buy at Rs.205 which has corrected after bank had announced its results by booking all losses of Global Trust Bank. Book value of share is close to Rs.235 as at March 08.
- Welspun Gujarat having posted good results with FY 08 EPS at Rs.20 is expected to post a 30% growth in FY 09. Share at Rs.430 can be considered for short term trading.
- MIC Electronics having announced good Q3 results for March 08 quarter has not shown any topline growth over Q2. Share having move to Rs.900 seems overpriced and profit booking is advised as share price may correct to Rs.850 levels.
Check out more buy calls posted before.
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