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Tuesday, December 03, 2013
WINNING STROKES: THINK DIFFERENT
BGR Energy Ltd as expected moved up today and touched Rs.121.40, intra-day, the scrip has still room to go up. In 2010-11, the scrip was at Rs.800 plus. Can you believe, you are getting the same scrip at less than one sixth of that rate.? I am expecting the scrip to touch Rs.131-133, within the next few weeks, as the situation of the sector in which it performs is gradually improving.In the same space my recommended BHEL today touched Rs.164.15, before settling at Rs.163.35.
The construction major IVRCL Ltd today moved to Rs.14.50, before closing at Rs.14.25. The scrip should move up in the coming days, due to the reasons mentioned earlier. The company showed a sharp rise in standalone net profit for the quarter ended September 2013. During the quarter, the profit of the company rose 3.09 times to Rs.1,224.93 million from Rs.395.90 million in the same quarter last year. Net sales for the quarter rose 13.07% to Rs.11,246.85 million, compared with Rs.9,947 million for the prior year period.