Tuesday, July 22, 2014

Market Mantra
Today's call: Genera Agri Corp Ltd (BSE Code: 590133)  at Rs.6.58-6.59 hit the buyer freeze, in the mid-afternoon trade. The scrip has a book value of Rs.74.27 and EPS of Rs.3.11.  The stock is expected to hit some more buyer freezes on the way to Rs.9. 
It seems the correction in IVRCL Ltd is over, and the scrip should move up after forming a double bottom. The book value of the shares of the company is Rs. 47.33, which is likely to improve in the coming days, as the company's CDR package has been approved and the government of India has decided to give more impetus to the Infrastructure (especially construction of roads and highways), sector. 
Allied Digital Services Ltd is slowly inching towards the 1st target of Rs.25. Today it touched Rs.21.45 and is now trading at Rs.21, up 2.92%. 
Resurgere Mines and Minerals Ltd (BSE Code: ) hit the buyer Freeze in NSE at Rs.2.20 and is slowly moving towards Upper Circuit in the BSE too; which is placed at Rs.2.27. The CMP in BSE is Rs.2.23.

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