WINNING STROKES: THINK DIFFERENT
Today Suzlon Energy Ltd touched Rs.10.23 before closing flat at Rs.9.87. According to my close sources the company's Q3FY14 results would be better than Q2FY14, mostly because of the stabilization of the INR Vs the US and also due to better visibility in the CARBON MARKET. One should accumulate the scrip on all declines and keep holding. It seems the correction is over for the scrip and it should move up from here.
Glodyne Tech Ltd hit the buyer freeze in the late afternoon trade. However, this scrip is now a speculative bet as it will take some time for the company to gather the required steam.
Banks today did well, after it was reported in a leading daily that India’s central bank’s program to bring dollars into the country has attracted More than $10 billion much higher than analysts had expected, giving the Reserve Bank of India more ammunition to defend the rupee the next time it is under attack. The State Bank of India Ltd touched Rs.1829.80, while Allahabad Bank Ltd, Yes Bank ltd and Bank of India Ltd touched Rs.91.90, Rs.373.35 and 219.50 respectively. The banks are expected to rally from here, after better than expected India's GDP numbers, as they are a proxy of the economy.
IVRCL Ltd today moved up to Rs.14.35 before closing around Rs.14 at the end of the trade. The company has good order book position (around Rs.25, 000 plus crore) and we could see a flare up in the share price once the RBI governor starts to cut interest rates. There are other news also, which I will reveal the next week. If one has free cash they they should buy this blue chip and keep holding. CICK HERE.
IVRCL Ltd today moved up to Rs.14.35 before closing around Rs.14 at the end of the trade. The company has good order book position (around Rs.25, 000 plus crore) and we could see a flare up in the share price once the RBI governor starts to cut interest rates. There are other news also, which I will reveal the next week. If one has free cash they they should buy this blue chip and keep holding. CICK HERE.