This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities. The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
Tit - bits
#The scrip of V2 Retail Ltd (Rs.49.95) moved to Rs.50.30 on last Friday. We can look for the completion of targets this week, as festive buying is likely to push up its top and bottomlines.
#The scrip of Deewan Housing Finance Ltd (Rs.16.65) on last Friday, rallied to Rs.18.35 on the news that its promoter Kapil Wadhawan had offered his personal property worth Rs.43,000 crore (his claim) as mortgage, against the loans taken by the company. But I don't see much merit in this statement.
#The scrip of Reliance Power Ltd (Rs.3.30) hit the UC on last Friday, after the company came out with 2 - fold increase in net profit on consolidated basis. However, with debt of around Rs.23,000 crore, I would stay away from the counter.
#Buy the shares of Ashoka Buildcon Ltd (Rs.63.45) for short term targets of Rs.72/75. The company has an order book of Rs.10,000 crore.
After, prolonged lull, the real estate sector is likely to move up in the short term, post monsoon and on the eve of Deepawali.
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