(i) Buy Dena Bank Ltd at Rs.48.30, T--Rs.55, SL--Rs.47. Dr.Raghuram Rajan has very recently said, capital infusion in PSU banks will to boost investment. Moreover, he also said, : India’s economy will improve. Now Banks are a proxy of Indian economy. He sees 2013-14 current account deficit at $70 billion. There are media reports that, Debt recast approvals have started to decline as bankers get tough. The scrip of Dena Bank Ltd is above its 21 DEMA and 21 DSMA. Hence, all PSU banks suddenly looks attractive now. Among them Dena Bank Ltd is one of the best.
Yesterday's call to the Paid Group members, ARSS Infrastructure Ltd at around Rs.20, hit the buyer freeze at the opening trade. The Book Value of the shares of the company is Rs.238.63, while the market at the current price of around Rs.20.85 is only Rs. 30.95 Cr. The price to book value is only 0.09. Hence the stock bound to hit continuous upper circuits in the days to come.
My recommended Yes Bank Ltd moved up to Rs.342.45 (Recommended at Rs.309-3010, in this week) today, while Punj Lloyd Ltd moved to Rs.28.50 (Recommended at Rs.25, this week).
Geodesic Ltd and Glodyne Tech Ltd hit their respective buyer freezes at Rs.5.27 and Rs.9.41 respectively.
NIfty_6100 call which was recommended at Rs.61-62, on 7th October, 2013 today touched Rs.115. Those who had invested in that call and kept holding almost have doubled their funds in just a couple of days.
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