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Monday, November 17, 2014

Stone India Ltd: Makes a New 52-week high
Photo: Indian Mirror
My recommended Stone India Ltd made a new 52-week high today at Rs.91.55. The scrip was first recommended around Rs.50.50 on 25 February, 2011 and later asked to accumulate after the scrip fell. 

Meanwhile, Mr.A K Bhattacharya wrote the following on 16 November, 2014 on the Business Standard: 

The appointment of a new railways minister has quite understandably generated a lot of hope and some excitement. There is hope because of the commendable track record of Suresh Prabhu, the new railways minister, who had impressed everybody by his ideas and performance as the power minister in the Atal Bihari Vajpayee government. The excitement is even more because of the opportunities that the Indian Railways offers by way of reforms and restructuring to become a potent force to revive India's economic growth.

Therefore, the Indian Railways related scrip is expected to do well in the coming days, not only due to FDI in railways, but also due to new minister taking over the office.  
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