After strong consolidation stock is looking explosive on daily chart. One can buy this stock on dips keeping stop loss of 109. On the upper side stock will zoom up to 119 level, cross over will take it to 126--131 levels in coming days…
HOT BUY OF THE WEEK:
Allied Digital Services Ltd. / BSE Code: 532875 / NSE Symbol: “ADSL” / Last Close: 17.90
Allied Digital Services Limited engages in the design, development, deployment, and delivery of information technology (IT) infrastructure services in India and internationally. Allied Digital Services Limited has strategic alliances with Intel Corporation, LANDesk Software, and Lenovo. The company was incorporated in 1995 and is based in Mumbai, India.
Company has equity of Rs.23.09crore while it has huge reserve of around Rs.659.10crore. It has a share book value of Rs.146.62. ADSL has reported fabulous results for September Quarter 2013 wherein PAT has zoomed by 140% from Rs.1.88crore to Rs.4.51crore. For H1FY14, company’s net profit zoomed to 42.39% from Rs.4.01crore to Rs.5.71crore. H1FY14 EPS alone is Rs.1.23. Scrip is available at just 5.5xFY14 (E) EPS. Company has recently bags prestigious order to implement the closed circuit television camera network project for the Pune Municipal Corporation and Pimpri Chinchwad Municipal Corporation areas. The contract of the project worth Rs.224 crores and is expected to be executed in over a period of 42 weeks and shall run for 60 months. Investors can buy this stock with stop loss of Rs.14. On the upper side stock will zoom up to Rs.66---70 levels in medium term while zoom up to Rs.23---30 levels in medium to long term. Its all-time high rate is Rs.565.