Market Mantra

Unitech Ltd (Rs.18.50), today moved up by more than 12% intra-day and touched Rs.19, after strong Q3FY15 numbers. It was mentioned in the last report that the shares of the company would gain positive momentum on Monday, following good quarterly numbers. The stock is now trading at Rs.18.50, up more than 11%.

Today's call: Buy Reliance Communications Ltd at Rs.75--76, for a short term target of Rs.82. The company came out with superb Q3FY15 numbers. A brokerage house has confirmed a BUY on Reliance Communications for a target of Rs.82-84.. 
The shares of Allied Digital Services Ltd tanked to Rs.21.40, intra-day today and is currently trading at Rs.22.75, down more than 11%. If you remember I had given a sell on the counter above Rs.30, based on some recent developments, asking all to book complete profits.
Pipavav Defense and Offshore Ltd today touched my 3rd target of Rs.72 and is currently trading at Rs.68.80. Earlier there were media reports that  Mahindra & Mahindra, one of India's largest diversified conglomerates, is set to purchase a majority stake in Pipavav Defence and Offshore Engineering (PDOE) for roughly Rs.3,000 crore at Rs.66 a share in a three-phase deal. Along with debt of around Rs.6,800 crore and fresh equity that will be issued, the deal is seen as having an enterprise value of Rs.12,000 crore, they said.