Southern Online Bio Tech Ltd hit another buyer freeze in the opening trade. This has now become a regular habit. My congratulations to those who have believed me, and invested in this scrip.
Prakash Industries Ltd today moved to Rs.51.45, before cooling down a bit. When the outlook of the steel has changed and there would be a cut in the interest rate this quarter, to boost infrastructure spending, the demand for steel is set to go up. In such a circumstance, companies with proven track record as Prakash Industries Ltd are set to do well.
Today, ARSS Infrastructure Projects Ltd, touched Rs.49.85. This is also another story of debt restructuring. Hence I am expecting it to hit continous Uppper Freezes in the coming days, especially in the view of interest rate subvention and cutting of repo by the RBI in this quarter. The company's Q3FY13 results is expected to be a tad better than Q2FY13. My short term target for the scrip is Rs.60-65.