Lok Housing Ltd hit another buyer freeze at Rs.20.25, while IRB Infrastructure Ltd (CMP: Rs.119) is also moving up. This budget will be positive for the infrastructure counters as the government would look for growth.
The Paid Members and those who are holding, trading accounts with my recommended brokerage house were today, given a buy on Nifty (Spot) at 5832, the Nifty is now at 5862, a rally of around 30 points---not bad for intra-day Nifty play.
Today, a Buy Call was initiated on Ranbaxy Labs Ltd at Rs.426, for a target of Rs.470--490. The stock is now trading at Rs.429. I hope most of the Paid Members, who have some cash in the kitty could buy the counter.
In another major developments, there are media reports that JAIPRAKASH POWER LTD will Will raise an additional Rs.9.5 bln through a QIP issue. Buy Jai Prakash Associates Ltd at Rs.68--69.