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Wednesday, February 04, 2015
WINNING STROKES: THINK DIFFERENT
Rohit Ferro Tech Ltd which moved intra-day to Rs.8.96, closed flat at Rs.8.77. As mentioned a number of times earlier, the government of India is likely to bring in a slew of measures to aid the domestic steel sector, very soon. Hence, in any case the stock would move up from here. The investors are suggested to buy the shares of the company in bulk and keep holding.
Yesterday, C Mahendra Exports Ltd was recommended at around Rs.14.20, for a target of Rs.17. However, today at the end of the day, the scrip came down to Rs.13.69. This is normal for this stock and the investors should do well to accumulate the scrip before the Q3FY15 results. I will speak with the sources again tomorrow.
Today, the block-buster BPO company, Firstsource Solutions Ltd which touched intra-day at Rs.33, closed at Rs.31.50, showing further bullishness on the chart. The scrip will be slowly moving towards Rs.41-42, in the coming days. The Q3FY15, results according to my close sources, will be along the expected lines.
Today, I took some shares of Unitech Ltd (Rs.19.25) for some of my friends whose account I manage from my end in Bombay (Mumbai). Unitech Ltd is India's 2nd largest real estate company and hence it should trade above its book value of Rs.37.72. The shares fell after the company got embroiled in some controversies. However, it has come out of that phase and should move up in the coming days. I am expecting the scrip to touch Rs.31-32, by the end of next week. Stay invested.
Overall most of my earlier recommended counters did well:
(i) Anant Raj Moved to Rs.52+, intra-day
(ii) Pipavav Defence Ltd closed above Rs.50
(iii) J P Associates Ltd closed at Rs.28.50 and J P Power Ltd closed at Rs.12.04 after touching Rs.12.33, intra-day.
(iv) ARSS Infrastructure Ltd closed at Rs.51.90.
(v) Resurgere Mines and Minerals Ltd closed at Rs.1.30--the bears failed to pull it down further, inspite of bad publicity by vested groups in various platforms.
(vi) Jindal Saw Ltd touched Rs.85.35. intra-day.