Monday, July 23, 2007

Hindustan Dorr Oliver Ltd was recommended at around Rs.65--Rs.70, range in last February(2007); it is still going strong:Ditto happened for Zigma Software Ltd, which is hitting circuits after circuit: This is what happens if you go for delivery based calls based on fundamenal calls and that too for the medium to long term: Always try to avoid playing for too short term, I know this is very difficult as the temptation is too large....and also please note that Technical Analysis is just one of the many methods to predict the share price movement over a period of time; it is neither sufficient nor absolute. There are 100s of instances where people had to sell their last straw, investing on Technical Calls. So please be careful and invest only when both the Fundamental and Technical analysis concurr...:
Hindustan Dorr Oliver shares rose over 4% on getting an order worth Rs 30 crore from Vedanta Alumina. At 11:04 AM, the Hindustan Dorr Oliver stock was up 4.32% at Rs 131.50 with volume traded at 83397 against two-week average of 2,52,240 shares. The project involves complete in-plant water circulation and distribution piping system and compressed air piping with accessories for their 5 million tonne per annum aluminium smelter plant at Jharsuguda in Orissa. The project is expected to be complete by December. Hindustan Dorr Oliver is already working on a project worth Rs 210 crore with its Chinese partner Chaileco in the Jharsuguda refinery for a fume extraction plant.

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