Tuesday, February 14, 2012

Market Mantra
I have recommended a buy on Sintex Industries Ltd for the very short term, at Rs.94.5--96, T--Rs.99, SL--Rs.91. The stock probably gave a break out today. 
Jai Balaji Industries Ltd hit another buyer freeze today. The stock is moving up everyday.  The company's new plant would be in operation soon and the rally in the scrip is probably to incorporate this good news. 
Those who are holding Prakash Industries Ltd can book some profits and wait for the scrip to cross Rs.63 and close above it, before taking fresh positions. 
Please accumulate KSK Energy Ventures Ltd at Rs.67 today. It is a giant in its space, and may be in future you would not be able to get such a high-voltage company at such a price.
Today Ashok Leyland Ltd is on fire as the scrip touched Rs.27.80. This stock is expected to make new 52-week high this time. Those who are holding the scrip from Rs.26.50, can continue to hold and add the scrip on all declines. It is one of the cheapest stocks in the automotive space.

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