If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Sunday, February 08, 2015

Housing Development and Infrastructure Limited (HDIL):  Update
The scrip of HDIL was recommended last month in this blog around Rs.69-70 ranges. The stock made a 52-week  high of Rs.115.45 on 6 February, 2015.

Now, we can see the Financial Media, being flooded with recommendations from various sources. Meanwhile, some foreign funds have already taken stake in HDIL: .  
  • Janus Investment fund on Feb. 5 bought 2.24 mln shares at 106.08 rupees/share, according to NSE data.
  • GMO Emerging market fund on Jan. 28 bought 2.27 mln shares at 85.44 rupees/share - NSE.
  • Platinum Asset Management on Jan. 15 bought 2.17 mln shares at 72.51 rupees/share raising its stake to 9.3 pct in the company from 8.8 pct earlier, according to Thomson Reuters data.
  • Australia-based Platinum is the second largest shareholder in the company after promoters - BSE data.
Moreover, in a discussion with CNBC TV18, Kunal Bothra of LKP Securities said, he is of the view that HDIL may test Rs.140. Today (Sunday), recommendation came from a Gujarat based analyst, that the stock has formed a reverse HS-pattern on the Weekly Chart; giving a target of Rs.122 (cross over will create huge buying in this stock & take the stock to Rs.135---140 levels). 

However, I would suggest all of you to take the help of this rally, book complete profits this week around Rs.120-130 ranges (if it at all reaches there intra-day) and exit the counter for the short term. 
Post a Comment