Monday, July 02, 2012

Market Matra

Buy Reliance Power Ltd at Rs.106--106.10, T--Rs.111, SL--Rs.103. The company has recently completed a mega project and is expected to complete another one within the next 2 quarters. The project according to my close sources are going ahead of schedule.
Kohinoor Broadcasting Corporation Ltd his another buyer Freeze in the opening trade. The stock this time is expected to cross Rs.2 on the prospects of better Q1FY13 numbers. 

Buy IndiaBulls Securities Ltd (BSE Code: 532960) at Rs.9, for a target of Rs.11, SL--Rs.103. When the stock market comes back to form, then most of the brokerage stocks react first. 

Book profits in Voltas Ltd at Rs.107, as the scrip is finding difficulty to cross 107-108 region. Please do the same thing with Suzlon Ltd--book out profits at Rs.19 and exit the counter for the time being.  
The morning call to the Paid Group members, BHEL (Bharat Heavy Electrical Ltd) at Rs.230, moved to Rs.236, in the opening trade. The short term target for the scrip is Rs.255. 
Country Club Ltd moved to Rs.7.14 after a favourable news in the counter. The company has mentioned in the notes the following, "During the quarter (Q4FY12) the Company has redeemed FCCBs substantially". The company's overseas revenues are getting boosted due to the depreciation of the INR against the USD. The stock could move much higher this time. 
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