Hi Saint,
I bought two scrips on 13.02.2006.
My logic and observations are as under:
1. Bank Of Baroda: It is more or less range bound. I feel it has a good support at a level of 230. It has not yet started an uptrend. But looking at the trend I expect a short term target of approx. 250-255.
Net profit in the 3rd quarter has jumped substantially compared to that of previous year, EPS 6.89,
P/E approx 12.
2. Lyka Lab: Sales increased to 48% with a good profit rise. EPS 1.08, P/E 13.
Seem to form an uptrend with higher highs and higher lows. I bought at 68. Expecting a short term target of 75. Can I hold it for a bit longer duration? or better to sell before budget?
As per today, BOB has closed at 234 and Lyka Lab closed at 71.5.
Kindly give your view on the above --- Is there anything I have missed out or wrongly interpreted?
Regards,
Babun