Building Up A Portfolio At A 7000 Level

[luvarun]

hi

How abt the Parsvnath builders and a lot of news around it. How abt accumulating it at the time when Shoba developers are listing.

Any thoughts on this !!

Thanks
Arun

 

[supratik]

Hi All,
Use this market correction to collect good stocks – I would suggest buy on M&M. CMP 756 – short term target 825-845.
The long term opinion is also good for this counter.
Deccan Chronicle holding up even in such market conditions – lets see how long it can hold these positions – the counter was suggested from 580-640 region
Note: The markets are in a corrective mood – decide your suitable entry points.


Thanks and Regards
Supratik

 

[toxicexpulsion]

This is completely overdone!

 

[ssnkumar]

Hi All,
Use this market correction to collect good stocks I would suggest buy on M&M. CMP 756 short term target 825-845.
The long term opinion is also good for this counter.
Deccan Chronicle holding up even in such market conditions lets see how long it can hold these positions the counter was suggested from 580-640 region
Note: The markets are in a corrective mood decide your suitable entry points.


Thanks and Regards
Supratik

Supratik,

Today another huge correction. Sensex is at 13000 now.
It has already lost nearly 600 points today also.

I am wondering how long this may go on and where it will finally settle!?
I have started buying suzlon again. I had put a bid at 1200 and it just touched and went back! So, didn't execute! Hope it will come back

M&M has come down to 750. We can start accumulating here.
But, I am feeling that, it will go down further.

-Narendra

 

[supratik]

Narendra,
My opinion on Suzlon is ‘always buy’. There is some problem with Suzlon with the Gujarat Govt, had an overlook, don’t remember exactly, but nothing great.
I think if Suzlon breaks a level of 1200, and the markets continue to be weak or stagnated, you may get a 1140-1160 region. This would a very good chance to feed on the counter. Since I see that markets show no signs of recovering, you can accumulate Suzlon everyday – not at one shot. I even got a small exposure to Suzlon at 1280 and hope to accumulate more below 1200 (if we get)

Thanks and Regards
Supratik

 

[ssnkumar]

Narendra,
My opinion on Suzlon is always buy. There is some problem with Suzlon with the Gujarat Govt, had an overlook, dont remember exactly, but nothing great.
I think if Suzlon breaks a level of 1200, and the markets continue to be weak or stagnated, you may get a 1140-1160 region. This would a very good chance to feed on the counter. Since I see that markets show no signs of recovering, you can accumulate Suzlon everyday not at one shot. I even got a small exposure to Suzlon at 1280 and hope to accumulate more below 1200 (if we get)

Thanks and Regards
Supratik

That's true. Yesterday I bought it at 1300 and today bid at 1200.
I will try again tomorrow.

There are many other good ones which we can keep in watch.
Reliance Comm, ITC, Prajay, HEG, Voltas, TCS, Infosys, Reliance Industries, Ashok Leyland, Crompton Greaves, Tech Mahindra, Zee Tele, Hindalco, Tata Tea.......to name a few.

Any other good companies in your watchlist Supratik?

Thanks,
Narendra

 

[rinv]

We could probably add Parsvanath also to the list. It was available at around 390 at a point of time. I got a few at 396. This is probably a steal compared to the fundaementals of the company and its listing..as you might remember , the IPO cutoff was 300 and it easily can move to 500 range in a short time..

That's true. Yesterday I bought it at 1300 and today bid at 1200.
I will try again tomorrow.

There are many other good ones which we can keep in watch.
Reliance Comm, ITC, Prajay, HEG, Voltas, TCS, Infosys, Reliance Industries, Ashok Leyland, Crompton Greaves, Tech Mahindra, Zee Tele, Hindalco, Tata Tea.......to name a few.

Any other good companies in your watchlist Supratik?

Thanks,
Narendra

 

[hiteshsjoshi]

As I had mentioned, Lok SL was 300-305. The SL is triggered, my personal suggestion would be to wait and watch. I will not say to start accumulating it as I believe it may fall from even the current levels. A SL is merely to save an investors wealth. I think the market is in a bearish tone. The idea right now is to wait and watch. If we will need to average out our buy price, I will definitely let you all know. If you still have an appetite to risk, I would tell you to hold on otherwise book out.

Thanks and Regards
Supratik

Lok housing hit UC today and is trading at 302. What lies next?
Would you suggest buying/averaging this stock ? (I already have Lok@335)

I also read that they are going to organize a meeting on Dec 27, for the purpose of considering amalgamation with Lok Shelters.
Can you throw some light on the impact of this meeting ?

Thanks!

 

[supratik]

Lok housing hit UC today and is trading at 302. What lies next?
Would you suggest buying/averaging this stock ? (I already have Lok@335)

I also read that they are going to organize a meeting on Dec 27, for the purpose of considering amalgamation with Lok Shelters.
Can you throw some light on the impact of this meeting ?

Thanks!

Lok Housing has initiated a group consolidation exercise where it will merge with itself Lok Shelters. 1.9 crore shares of Lok Housing are being issued against 20.2 lakh shares of Lok Shelters
(Story from a blogspot - you may verify this one)
For Financial 06, Lok Housing reported Revenues of Rs 87 crore with after tax profits of Rs 23 crore, which on a pre-merger Equity of Rs 11.3 crore works out to Rs 21 per share. In the first half of FY07 Lok Housing has reported Revenues of Rs 135 crore, with after tax profits of Rs 52 crore.

My view is that when we think of averaging out, it is at a priceband of atleast 25-30& lower than our purchase price (that is what I follow). You may hold a different view on this one.
To answer your question, if you can buy into the counter right now - my answer is hold on. Let us get a clear insight of what the actual amalgamation is all. If you get information, keep it posted, even I have LOK in my portfolio and though a correction, I was not expecting it to lose from 360-270.

For those who got their SL triggered, my apology lies with you, sorry again.

Thanks and Regards
Supratik

 

[ssnkumar]

I got a tip that, NOVA PETROCHEMICALS, will zoom to new highs. This is not based on any technical analysis, but just some (supposed to be insider) information.
Here are the two reasons making rounds:
1. Nova is going to develop a vast land reserve of its near Ahmedabad on a very prime location which is presently called as Nova Village.
2. Not confirmed but there is a news of possible buy out of this company by some major player in the core industry. few companies including IPCL are talking to the management for some time and deal can be finalized any time.

If anybody is ok to take risk, you can try to enter this.
My suggestion is, buy in small quantities.

Regards,
Narendra