The news of upcoming IPO of Reliance Power, a 51% subsidary of Reliance Energy has sparked a new interest in this stock. The stock was up 7.9% on Friday and closed at 1205.50. Sudarshan Sukhani is still bullish on this stock from Investment perspective and suggests a target of Rs 2500 for long term investors.
Sunday, 30 September 2007
Infosys Technologies
CLSA has maintained its BUY rating on Infosys technologies. The stock price of Infosys had a good day after the news and closed 5% higer.
Friday, 28 September 2007
Arvind Mills
Technical Analyst, Sudarshan Sukhani holds the view that Arvind Mills can be accumulated on dips. He thinks that it has had a breakout from its range and is on definite upward tread. This is a good opportunity to buy.
CMP: 61.90
Reliance Power
It is speculated that Reliance power is going to raise around $2.5-3 billion through IPO. Reliance Power is a 51% Subsidiary of Reliance Energy.
Stock Tip: Kesoram Industires
Kesoram Industries is looking quite good with a target of Rs 680-700. Keep a stop loss of Rs 515-520
CMP: Rs 578
Thursday, 27 September 2007
Unitech
Ashwani Gujral holds the view that Unitech may consolidate in the short term but should go back to about Rs 400.
CMP: 314.25
RPL and RNRL
As per Technical Analyst Sudarshan Sukhani, one should book profits in Reliance Petroleum and Reliance Natural Resources
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