The growth was led by cities including Ahmedabad, Hyderabad and Kolkata, where Home sales went up 20%. The national capital region, which includes the large markets of Gurgaon and Noida, saw a 12% increase in home sales while Mumbai recorded a modest 2% growth. The scrip should give a good return from the CMP of Rs.5.15 (but then you have to wait).
(iii) Reliance Communications Ltd (Rs.48) and Reliance Defence and Engineering Ltd (Rs.63.30), should be accumulated for the long term. There is no need to place Stop Losses in these two A-grade scrip.
(v) Adani Ports and SEZ Ltd (Rs.272.50) reached all my short term targets today. So book at least some profits in the counter.
(vi) Gitanjali Gems Ltd (Rs.46) is up even today. It seems the stock would continue to make new 52-week highs in the coming days. Stay invested.
(vi) The scrip of Syncom Formulations Ltd (Rs.2.51) has broken a major support. Hence exit the counter and enter again when it closes above Rs.2.60.