Tulip Telecom Ltd tanked after, profit booking was suggested in the counter to the Paid Group members at around Rs.45.50. The osciallators are giving sell signals.
There are some very good news coming Glodyne Technoserve Ltd in the coming days, as the company is on the verge of getting a new order. The company has a good order book position which could swell to Rs.800--1000 Cr by the end of FY13, as its overseas subsidiary, has at last started to perform. A massive restructuring operation is going on in the company which is expected to bring fruits in the next 1-2 quarters.
Today, the retail counter Store One Ltd is doing well (up more than 9% and is now at Rs.31), whose positive effects could percolate to the other stocks in this same sector, like Pantaloon Retail Ltd (Rs.192), Vishal Retail Ltd (Rs.11.60), etc. because it is now a given fact that FDI in multi-brand Retail is here to stay, after Supreme Court Judgement, some weeks back. Keep watch.
Now where the market expected to go from here. To know this you can either join my Paid Service or you can join my brokerage house and get free subscription for couple of years.