Friday, November 30, 2012
WINNING STROKES: THINK DIFFERENT
As expected Cinemax Properties Ltd hit the buyer freeze in the late afternoon trade. The scrip was repeatedly asked to accumulate as most of the sale proceeds would go to this entity.
Suzlon Energy Ltd continued its upwards journey as it touched Rs.18.90, during the day. The scrip started to show sudden momentum after some very favourable news were announced by the company. A 300 bps interest subvention, will have tremendous positive effect on the top and bottomlines of the company. Besides the company has huge order book position, which it will execute in the coming days. Now since there is a two year moratorium and hence, I think the basic problem, of working capital requirement would be solved to a large extent. Now with the Crude Oil prices surging ahead, the demand for wind turbines will only increase in the coming days. I think this scrip will make new highs this time, and I have already placed a short term target of Rs.31-32, for the scrip. The most important point is that, most of the negative news have been replaced by some positive, announcements. The stock is expected to continue its upward journey in the coming months.
Vikash Metal and Power Ltd hit the buyer freeze in the mid-afternoon trade. For more on the company one can visit: www.vikashmetalpower.com.
Both the Paid and Free Group members were asked to buy the shares of SEL Manufacturing Company Ltd at around Rs.4.50. The stock closed up 5.20%.
My recommended Opto Circuits crossed Rs.106, intra-day. In the same way, Reliance Communications Ltd touched it first target of Rs.37. Also, the scrip of Manappuram Finance Ltd touched the 1st target of Rs.37. I have recommended Voltas Ltd at around Rs.107--107.45 for a short term target of Rs.113-119.