WINNING STROKES: THINK DIFFERENT
HCL Infosystems Ltd recommended around Rs.22.90, a couple of days back today touched Rs.27.35. Today, I found Mitesh Thacker recommending a buy on HCL Infosystems with a target of Rs.28 and a stop loss of Rs.23.50. However, looking at the volume in the counter and its momentum, I feel it should touch Rs.30-31, in the coming days. Instead of buy Financial Technology based on the valuation, traders should buy this company and keep holding. According to an article published on The Times of India, 11th December, 2013, on the distribution side, HCL's big idea is to increase the predictability factor in its growth and profitability. As a result, it plans to expand telecom (mobile handsets) and computer hardware -- which currently account for about Rs.6,000 crore of its revenues -- and scale up consumer durables to Rs.2,500 crore in two to three years. Moreover, Rothin Bhattacharyya, the second-highest executive in the Rs.9,294 crore company says, "We expect the total distribution business to be Rs.10,000 crore in three to four years."The book value of the shares of the company is Rs.82.37 and has a market cap of only Rs.582.83 Cr, as against the net worth of Rs.9,294 crore.
Glodyne Technoserve Ltd hit another buyer freeze in the opening trade. The scrip closed at Rs.10.77. The company is taking lot of measures to revamp its business.
Essar Ports Ltd recommended a couple of days back at Rs.59, today touched Rs.62, in the NSE. The company is coming up with results on Jan 23, 2013; hence, buy the scrip before that.
Everonn Education Ltd recommended here at Rs.29-30, today hit the upper circuits at Rs.55.30, before cooling down at Rs.55.20. The stock reached both its short and medium term targets. The investors could now book profits in the counter.
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