Tit - bits

The Indian bourses closed on a positive note on last Friday.  The BSE Sensex closed at 40,685.50 up 127.01 points (+0.31%), while the Nifty settled at 11,930.35 up 33.90 points (+0.28%). However, the Nifty is likely to face resistance around 12000/12150 ranges. Hence, the Nifty traders should shape their trades accordingly. 

#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.