Wednesday, 25 June 2008

Chambal Fertilisers

Technical Analyst, Rajat K Bose is of the view that Chambal Fertiliser may test Rs 104-105.

Bose told CNBC-TV18, "Chambal Fertiliser has been maintaining its uptrend since the lows of 18th March after that it has never looked back although corrections did happen. As of now if it were to maintain above the recent high around Rs 97 then one can expect Rs 104-105 but there is strong resistance between Rs 110-115. I suggest booking some profit there and for corrective stop, I would mention the level of Rs 85 below that one should book profits and get out."

Source: MoneyControl

Mercator Lines

Mercator lines is a good stock and is currently trading at Rs 92.50. ULJK Securities has also recommended this stock and has given a price target of Rs 152.

NIIT Technologies

PINC Research has put a buy rating on NIIT Technologies for a price target of Rs 183. CMP of this stock is Rs 132. Personally I think this is a good stock to buy for longterm.

KSK Energy

As per Keynote Capitals recommendation you can subscribe to KSK Energy Verntures IPO with a long term view. The company has come out with an IPO of 34.61 million shares of Rs 10 each, aggregating Rs 883 crore, in the price band of Rs 240-255 per share.

As per Keynote’s valuation exercise, the IPO is priced at Rs 2.5 crore per MW (considering only existing projects and projects under construction / development) which looks expensive vis-à-vis established peers like NTPC which trades at Rs 2.1 crore per MW and Tata Power at Rs 2.3 crore per MW.

S P Tulisan

S P Tulsian has give an investment tip on D-Link, a telecommunications company with presence in over 100 countires. Current market price is Rs 80 and the downside risk is minimal in this stock. Should reach a 3 digit mark in next 8-10 months so seems like a good buy.

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.