RNRL has a target of 57-60.
CMP: 47.20
Stop loss: 40-42
Monday, 13 August 2007
Saturday, 11 August 2007
Low cost Airlines dying an early death?
Jet and Kingfisher are set to increase their fares by about 10%. With kingfisher already a substantial shareholder of Air Deccan the future of cheap air travel is in limbo. The blame will be squarely laid on the rising oil prices which to a certain extent is responsible but shouldn't the airlines be more innovative in keeping the costs down rather than simply transferring it straight to the consumers?
Markets - 10/08/2007
Friday was bad for markets worldwide. At one point Sensex was down by nearly 500 points but recovered later during the day thanks to IT stocks. It was one of the few sectors that ended positive on Friday, the biggest loser being Reality stocks.
Sensex 14868.25 -231.90
NIFTY 4333.35 -69.85
Friday, 10 August 2007
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.
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