Monday, May 30, 2016

The State Bank of India Ltd recommended at around Rs.167-168, some weeks back, today touched Rs.203. The investors can book partial profits and enter Punjab National Bank Ltd at around Rs.77, for  targets of Rs.83-87.One can also accumulate Allahabad Bank Ltd at Rs.52-53, for a target of Rs.61; in the short term. The Punjab National Bank Ltd is the 3rd largest bank in India. 

Mcleod Russel India Ltd, recommended a couple of days back in this blog at Rs.181.70, today touched Rs.186, intra-day. The stock is soon expected to cross Rs.190, due to revival of the tea sector. 

Engineers India Ltd recommended around Rs.177, today touched Rs.184.50. The next target for the scrip is Rs.191, which it should achieve within a couple of weeks.  

Reliance Communications Ltd recommended today at Rs.49.50, today touched Rs.50.60, intra-day. The stock should give decent returns over a period; as it shares infrastructure with Mukesh Ambani's Reliance Jio. 

Moreover, you should go full hog on all Anil Ambani Group Companies (ADAG) as according to a report published in DNA India, on 27 May, 2016:
Anil Ambani’s ADAG has set aside assets worth Rs.59,761 crore to manage a debt of Rs.1,24,956 crore. That is a little less than 50 per cent of the total debt. Reducing debt will improve not only the balance sheet of the corporation, but also that of the banks with their stressed assets.
Vedanta Ltd recommended around Rs.61-62, today again touched Rs.107. In the 1st week of May, 2016, it touched Rs.114 -- almost doubling in less than 6- months.  

Adani Enterprise Ltd recommended at Rs.71.35 on 25 May, 2016, touched Rs.74, intra-day. The stock will slowly move towards Rs.87-88, in the short term. 
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