kkz59 said:
Amitbe
Midas call in Aftek Infosys. Any more Afteks?
Great Great call and great timing - two lethal combinations.
Regards and may the midas touch remain in tact.
Hi Kkz59 and other members,
Thanks for all the wonderful compliments.
As I wrote a couple of days ago, chances like Voltas and Aftek dont come everyday. But then, one could also say the same of IndBulls, CenTextiles, Bharti, Hind Lever, and even Gammon.
(The Gammon story: It is one of the oldest civil construction companies in India, and in the top three in its field according to the July issue of Construction World, a trade journal. They were involved with building of Gateway Of India, Prince Of Wales Museum, Science College, and the Customs House, for some history.
Has a lot of real estate, which is the hot story currently. Bombay Dyeing is another example.
In the current quarter it has shown decreased sales but a higher PAT. So obviously there is financial restructuring here. Also, in the last one months there have been reports in the media of Gammon bagging contracts worth over a thousand crores. Road transport is the area of focus in the current plan, and Gammon will keep adding orders.
This is all going to be reflected in the results next quarter. For this reason it has continued the rally despite some bad media at the results just declared.
Im sorry again for the members who sold at lower levels. Perhaps it was partly my own frustration.)
AMITBE said:
This is more of a pointer as most of the scrips have been mentioned by me earlier.
The other one is GujNRECoke. At the time of writing buying is out numbering selling by over a lakh, with volumes at 14 lakhs plus. Has bounced back after yesterday's close of 122 to current 123 plus. Seems quite convincing, this rally of the last few days. Has to cross 130 for bigger target and seems very likely. A steal I feel.
Above is what I wrote in the very first post of this thread.
Then again two sessions ago I wrote: 'For the first time since I called it at 118, GujNRECoke has closed above 130. From here it has one level to cross: 134. Past this, it will turn bullish for a rally to 140 and then to 150.'
We know it covered 130 to 140 the next day.
Just putting things in perspective.
Onwards from here:
It seems some of the members got in on Aptecht and NRC. One would have to be patient with both.
Aptecht has had a rally to 100 plus levels and has been in a short term correction recently. It has been trying to cross 90 for several sessions and it did today to close 93.60. From here it needs to cross 96 (retracted from 95.60 today) for 100 in quick time. Tends to be volatile at profit booking and is sensitive to any flux in the indexes. Target is 110 first, past 100.
NRC is a part of G P Goenka Industries group involved in rayon yarn, caustic soda, nylon tyre cords etc. It is a turn around story after several years of difficulties, and beginning to show profits now.
On technical merits, as I had written during the day, the rally will come past 63-65 levels (retracted from 63.60 today}. A tad early to have entered, but will do. Volumes and accumulation have picked up too. First target is 75 past 65. Could be a little slow.
The other big ticket number in NRC is real estate: Has hundreds of acres of land in Bombay that may be up for sale in the near future. Should that happen, this may turn out to be a scrip to hold for 6-8 weeks. The benefits shall be great.
Hi vinsu, Im not aware of the divident details on Bongaigaon and I dont know when you bought it. It remains in a corrective phase as discussed in this thread a month ago. The upward move will come at a close above 95. How long this may take in not known. Watch it for some time. Some news from the Govt. on oil pricing is on the cards, and Bongai. is moving with the oil pack despite being a refinery.
Im sorry I have missed out on some queries again and running short on time. Please put them up again later in the evening and over the weekend I promise to attend to all of them.
Thanks.
