Building Up A Portfolio At A 7000 Level

[supratik]

Yes fair enough, you can enter at CMP of 140.
However as mentioed, this week would be a nil FII and low mutual fund activity. So find your day.

Thanks and Regards

 

[ssnkumar]

Would apologise on the Pentium Infotech recommendation Narendra.
The results have been good for the counter. Any penny counter I have recommended has always been on better fundamentals than the others.

Would get back to you on Uniflex Cables. I dont remember my recommendation price and why I had recommended that. I remember my advice on Diamond Cables at Rs 14 and we booked profits at 25-30.

Vinay - Essar Oill was perhaps having some good news, it had gone up last week but down again.
For GE Shipping, I would say move into Mercator Lines which I have always recommended from 80 levels. It is still a buy. Buy with a 2 years horizon and you would see where you land up Happy Trading

Also, fyi, markets would be week as FII Activities have dropped out for Christmas Holidays. Judge your tiem to enter.


Thanks and Regards

Hello Supra,

Actually, you didn't recommend Uniflex cables. I just wanted to know your views on that.
I will look into Mercator lines.
Today market is down by 175 points. So, do you think it will further go down in this week?
If yes, then I can wait for some more time before getting in!

Regards,
Narendra

 

[supratik]

To my expectation, markets should have a bare 500-600 points correction.
But this would depend mainly on the FIIs and Mutual Fund activities when they come back on January.

Mercator Lines looks good at this level, the resistance level is 155(its 52 weeks high) wherein it had touched twice.

But it has become a very volatile counter. So be careful if you are trying for a short term - very short term.

It would be very good if you could send me some information on some good site where I could make some research

Thanks and Regards
I am also looking at TRF but I am not able to get much info on that. Would be great if you could let me some information or research

 

[ssnkumar]

To my expectation, markets should have a bare 500-600 points correction.
But this would depend mainly on the FIIs and Mutual Fund activities when they come back on January.

Mercator Lines looks good at this level, the resistance level is 155(its 52 weeks high) wherein it had touched twice.

But it has become a very volatile counter. So be careful if you are trying for a short term - very short term.

It would be very good if you could send me some information on some good site where I could make some research

Thanks and Regards
I am also looking at TRF but I am not able to get much info on that. Would be great if you could let me some information or research

One good site which provides all data for research is www.moneypore.com.
Also, you might have heard about myiris.com.

If you think Mercator Lines is risky, is there any other good ones (with good fundamentals), for keeping atleast 6 months (as investment)?

Thanks,
Narendra

 

[supratik]

Narendra, I am confident of Mercator Lines, I mentioed it is volatile, not a risky investment. However, this would be a 2 years investment.
You could consider exposure at current levels and in case it dips down you could open up more positions.

Also on news Scandent Solutions has got a big BPO deal for Australia.

Thanks and Regards
Supratik

 

[roneeth]

Hello Supratik, Narendra,

Outlook Money's Pick of the Fortnight is mercator lines,

Long Term Charter Contracts

Aug04-jul 09 British Gas Rs 144.0 cr
Aug05-Sep06 Tata power Rs 127 cr
Apr04-Mar 07 ioc Rs 98.8 cr
Oct05-jun06 IOC Rs 84.5 cr
Sep04-Sep 06 Glencore AGG Rs 75 cr
Aug 05- Oct 06 Rs 50 Cr

Capacity Expansion from 2 million DWT to 5 Million DWT in 3-5 yrs

Freight rates Stable till mid 2007.

Ref: OutLook Money December 2005

Regards

Roneeth

 

[supratik]

That sounds good, have they given any price target as well?
Please do inform, on the entry, exit and SLs as recommended.

Thanks and Regards

 

[roneeth]

Hello Supratik,

It was recommended at 134,they have not given exit and stoplosslvels.
recommended as a Longterm Investment.

Regards

Roneeth

 

[ragh_ash]

hi supratik,
wonder what you might have to say above KEC Intl. CMP ~274.
regards
ragh_ash

 

[supratik]

Hi All,

The next tip is on Everest Industries. CMP 216.5
Please do not ask me of fundamentals. I see mutual funds heavily buying into the counter. I have not followed the counter long but it looks good to me.

The target price would be set later on.

Please note that Everest Industries and Repro India are the 2 heavily purchased counters. Everest Industries looks better to me than Repro.

Find below some more details on the peer group of Everest Industries

Company Symbol Price Change Equity Capital EPS P/E
everest industries limited ETVE 218.70 -0.20 148.00 13.00 16.82
hyderabad industries ltd. HYND 521.00 -7.95 71.72 35.00 14.89
indian hume pipe company ltd. INHU 259.00 0.20 29.07 28.67 9.03
malabar building products ltd. MBUP 142.30 -2.05 20.96 9.18 15.50
ramco industries ltd. RAMT 1325.00 26.20 43.33 67.69 19.57
roofit industries ltd. ROUS 4.60 0.00 159.90 24.59 0.19
swastik roofing ltd. SWOS 100.00 -0.80 30.62 9.41 10.63


Ragh_ash - I do not know on Kec International, I remember seeing that fluctuate b/w 212-238.
But to my weak memory, I beleive it had won some grand order perhaps a month back.

Thanks and Regards