Wednesday, September 04, 2013

B F Utilities Ltd reached the 1st target of Rs.139, as it touched Rs.140.70 intra-day. The scrip was recommended last week around Rs.127-128. 
MCX Ltd hit another buyer freeze, even though the market tanked. I however, feel that it is time to book some profits. The stock closed at Rs.411.10.
Manappuram Finance Ltd unexpectedly hit the lower circuits today, though the price of gold rose due to tensions in the middle east. Safe-haven buying lifted the price of gold on Tuesday after an Israeli missile test ahead of a possible U.S. strike on Syria. This fall in the price of the share of Manppuram Fiance Ltd, seems to be artificial as it lacked the required volume and sales mostly came through delivery based trading. I would basically consider it profit booking and ask you all to accumulate the scrip at the CMP of Rs.18. Muthoot Finance however closed flat at Rs.112.50. CLICK HERE
Geometric Ltd recommended some days back at Rs.76-77.50, today touched Rs.80.50. This is tune with the over-all buoyancy seen in the IT counters. 
DLF Ltd today touched its first target of Rs.139, as it rose to Rs.139.75 intra-day. The scrip however closed at Rs.127.40, due to massive speculative selling in the Indian bourses. 
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