Friday, 10 August 2007

Punj Lloyd

CMP: 275/-
Target: 470-490

This is a long term investment advice.

Ashwani's Gujral's views

Here’s how Ashwani Gujral views the stocks on board:

On IFCI, Orbit and RNRL:

It is just brave buying. People are hoping against hope that the bottom has been formed and they are trying to get into those stronger stocks. But all this buying will go away once more selling comes in on spikes. Unless we can sustain 4,530, there is no sense buying a lot in this market.

United Phosphorous

Merrill Lynch has put a buy rating on United Phosphorous

CMP: 323
Target: 410


Kotak Equities has maintained buy rating on Wipro. But they have also reduced the target to 560 from 610.


In the short-term sensex has strong support at 14700 (according to P-Sec Market Preview report)

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.