Monday, November 03, 2014

Market Mantra
The two Jaiprakash Group stocks, J P Power Ltd (Rs.13.80) and J P Associates Ltd (Rs.31.80) are on fire today. Though both the scrips are expected to move up vertically from here, but the more momentum is likely to be seen in the shares of the Jaiprakash Power Ltd. I think soon we will again see the levels of Rs.20, for the share. 
Gitanjali Gems Ltd (Rs.59) is showing good  upmove today. The marriage season and Christmas buying, should firm up its top and bottomlines. We could soon see the target of Rs.72-73, in the coming days. 
Allied Digital Services Ltd hit another buyer freeze in the opening trade. The company is expected to come up with better set of numbers from Q3FY14.
Suzlon Energy Ltd again becomes a buy around Rs.13.45, after yesterday and today's consolidation phase. The scrip will is expected to touch Rs.17--19, in the short term. Those who have booked profits in the counter can again enter it and keep holding. 
The shares of IVRCL Ltd are on a roll since the new of FDI in construction came up. The scrip is slowly inching towards Rs.24-25 mark. 
Hilton Metal Forging Ltd can be bought at the CMP of Rs.19, for a target of Rs.31-32, in the short term.  
Marg Ltd hits another buyer Freeze at Rs.14.25. Those who are holding or have taken fresh positions, should celebrate. 
The investors with risk appetite can go for the shares of Prajay Engineers Syndicate Ltd at around Rs.10.40. The company has a huge land bank not only in Hyderabad and Vizag, but also, in the Guntoo--Vijaywada road, according to my close sources. 
Post a Comment