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Monday, November 10, 2014
Today's call: The short term traders can Book some Profits in J P Power Ltd at Rs.14.90-15 and/or Hilton Metal Forging Ltd at Rs.21.75 and again enter Suzlon Energy Ltd at around Rs.14.65-14.70. According to the recent media reports, the wind energy major Suzlon is trying to revive its fortunes with a new hybrid model of onshore wind turbines that offer better efficiency. The new S97 2.1 MW turbines mounted to a height of 120 metres is claimed to be the world’s first and tallest lattice and tubular hybrid wind towers. Suzlon launched the first turbine on November 7 at its wind farm at Kutch in Gujarat. According to Jagron Josh, 8 November, 2014: Established in 1995, Suzlon is a leading wind power products and services company with a global footprint. Suzlon is credited with developing one of the world’s largest wind farms in the western Indian state of Gujarat and Rajasthan.
The company has presence across six continents : North and South America, Asia, Australia, Europe, and Africa. The Suzlon Group has built its presence in over 31 countries and has achieved a milestone by crossing over 25000 MW of wind power installations globally. The scrip could hit another buyer freeze today at the end of the day.
Allied Digital Services Ltd hits the buyer freeze in the mi-afternoon trade at Rs.20.15. According to my close sources, the company could start showing better performance from Q3FY15. The stock is possibly reacting to this change outlook. Jindal Saw Ltd again reached my 1st target of Rs.82 and is now trading at Rs.82.35. The traders can buy IVRCL Ltd at Rs.18.80, for a short term target of Rs.21.