GMR Infra still has some upside left.
Thursday, 30 August 2007
Tuesday, 28 August 2007
Thursday, 23 August 2007
Buy Sujana Metal
Sujana Metal
This is a good buy at the current levels for a target of 40-45.
CMP: 33.50
Stop loss - 26-29
Tuesday, 21 August 2007
DCM Shriram
DCM Shriram Consolidated is a fundamentally strong company with very good return prospects at the current levels.
CMP: 75.20
Sunday, 19 August 2007
Friday, 17 August 2007
Thursday, 16 August 2007
Markets today
The US Subprime problem has caused tremors across the globe. This obviously had impact on the Indian markets as well which saw its single biggest fall since 18th May 2006. But this is seen by many analysts as healthy correction and a good buying opportunity. Nifty closed at 4178 points down 191 points while SENSEX closed at 14358 points, down 642 points. Metals was the sector that took the maximum beating.
Tuesday, 14 August 2007
IPO News
Omnitech Info IPO has done pretty well on its first day of listing. It listed today at Rs 183.75, which is at about 75% premium against its issue price of Rs 105.
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.
Wipro
Kotak Equities has maintained buy rating on Wipro. But they have also reduced the target to 560 from 610.
Sensex
In the short-term sensex has strong support at 14700 (according to P-Sec Market Preview report)
Thursday, 9 August 2007
Tech Stocks
Tech stocks had a good day yesterday where they were the frontunners in the rally. The ECB curb to control the appreciating rupee is good news for IT companies in general but a lot of experts are still skeptical. They have been underperformers for quite some time now and this sudden rally seems like a relief-rally. Things should get more clear when the rupee starts to stabalize.
Trading Tip:
JaiprakashHydro looks like a good buy at CMT of 45. Target is 57-60. Keep a stop loss of 40
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