Monday, November 17, 2014
Jindal Saw Ltd: Makes New 52-Week High
Jindal Saw Ltd which was recommended on 20 October, 2014, at around Rs.75.95 made a new 52-week high of Rs.103.50 today. Congratulations to all those who made money from this scrip. Meanwhile, today another Jindal Group company, JSW Energy Ltd, flared up to Rs.86 and is now trading at Rs.85.
Rate sensitive Infrastructure (including Steel and Cement) and Bank stocks are expected to do well in future as the RBI, might go in for a 25 basis points cut in the repo rates. Today, Tata Steel Ltd (Rs.480) and Jai Corp Ltd (Rs.90) are already doing well.
Meanwhile, Allied Digital Services Ltd (Rs.21.10) could start hitting non-stop buyer freezes from here as the revenues from the Pune Project kicks in---stay invested.