IFCI is still very positive. Wait for correction and buy IFCI on dips.
CMP: 97.85
Wednesday, 26 September 2007
Nagarjuna Construction
Nagarjuna Construction has bagged 3 new orders work Rs 243 crores, which includes consruction of "Embassay of India complex" at Kathmandu.
Stock News
- Tata Sons has acquired 14.68% stake in Praj Industries worth Rs 338.24 crore.
- Videocon is about to foray into the domestic mobile telephony business. They have applied for licences in all 22 telecom circles in the country.
Tata Teleservices
Tata Teleservices gained smartly today. It closed at 43.55 which is 7.00% higher than yesterday. I gave this recommendation when the price of this stock was 28.40. A cool 53% increase!!!
IPO News: Supreme Infrastructure India
Supreme Infrastructure India (SIIL) has been oversubscribed by almost 3 times on the third day of its issue. The offer will close on September 26th. The feedback for this has mostly been positive and investors can subscribe for listing gains as well as for investment.
Stock Markets today
Markets ended relatively flat today after a rather dramatic day!! SENSEX touched 17000 mark but closed at 16921.39, 21.85 points up from yesterday. It took 6 days for SENSEX to reach 17K from 16K!!
Although Technology shares have being lagging behind for quite some time now but they were the major propellers today. Satyam gained 4.81% while Wipro closed 4.33% higher than yesterday. Banking shares also had a relatively good day today.
Stock idea: Idea Cellular
Idea cellular looks like a good buy from a long term perspective.
CMP: 129.70
Hot Stock: GMR Infra
You can buy GMR Infrastructure with a stop loss of 760-770 for a target of 990-1015.
CMP: 855
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