|Daily Closing Chart of Allied Digital Services Ld|
Southern Ispat and Power Ltd today, touched Rs.2.54, intra-day, where many who averaged the scrip when it fell probably booked profits. This is a good counter for the medium to long due to lot of positive developments coming up according to the management, but for the short term it remains, speculative.
Gems and Jewelry Companies like Gitanjali Gems Ltd (Rs.62.20), Shree Ganesh Jewelry House (I) Ltd (Rs.25.20), P C Jeweler Ltd (Rs.77) should do well in the coming days, as the government of India's draconian policy on Gold imports cannot continue for eternity. Moreover, some of the companies are doing fine, inspite of all the government curbs, though without them, they would have performed much better.
Entegra Ltd (Rs.3.53) came out with satisfactory set of numbers for the Q3FY14. Most of the expenditure shown is due to large number of projects which it is implementing--therefore, don't go by its results. It has intrinsic value, which could be a prime driving factor going forward. Also, once these large project are through it could give on of the best returns in the stock market. Today it is moving up with good volumes, already 13921 shares have been traded in the BSE. Just invest a few lakhs in the scrip and keep holding--I am sure you will be able to double your money within the next few months time frame.