Some Good Steals...

[AMITBE]

Hello Amit,

Torrent Pharma Results:

The company's Q3 net profit is up at Rs 25.6 crore (Rs 256 million) from Rs 17.1 crore (Rs 171 million).

Its Q3 net sales are up at Rs 337 crore (Rs 3.37 billion) from Rs 312 crore (Rs 3.12 billion).

Trading now above 266 cmp.

Regards

Roneeth

Hi Roneeth...would that be Torrent Power or Pharma?
Power is likely what you queried, and it's way up now.
Keep this on your watch list for when the next round of correction comes in the market and we'll fugure out a decent entry then.
A good one, Roneeth.
It's fine you've exited India Cements. It's gone beyond a rational call now and will correct sooner than later. Can get in lower after a time of consolidation perhaps.
One more thing...When an entry or exit level is mentioned, it would be for a closing price. In intraday play the price may go above or below a given level, but the closing is what is to be watched...unless of course the price seems to be running away in either direction. This is pointing at Subhash Projets.
All the best Roneeth.

 

[roneeth]

Hello Amit,

It was Torrent Power...

I am already in from yesterday 270 average.will you upadated with the progress.One more lesson to learn...??

Thanks for the following tip was unaware of the same ,got stopped out of Subhash Prematurely,but its fine..earned a good tip from you.

One more thing...When an entry or exit level is mentioned, it would be for a closing price. In intraday play the price may go above or below a given level, but the closing is what is to be watched...unless of course the price seems to be running away in either direction. This is pointing at Subhash Projets

Thanks and Regards

Roneeth

 

[AMITBE]

Hi,

smart move on subhash proj. Nice call .Thanks Roneeth and Amitbe.
good results are smelling.

pl. give your opinion on ABG shipyards Good results and orders too.

thanks

sharv

Hi sharv, ABG looks good with a strong move today.
If you are looking to get in, you may want to wait for a decline to see if 355 will give support, or lower at 342.
It's a strong hold if already in, with above levels as s/l.

I'm personally hesitant about going long on anything at this time...a strong correction could come at some point and if so, a lot of these would be available cheaper.
Bye for now.

 

[vneil]

I have some ABG Shipyard and was tring to acquire it at lower prices. I feel that at these prices, it is a bit too high. I only hope that there is a decent coirrection for me to enter it.

 

[rakamath]

can anyone tell me why KEC Intl has gone down from 360 to 59 in just one day.

 

[garun1979]

can anyone tell me why KEC Intl has gone down from 360 to 59 in just one day.

dont worry..go n check on www.bseindia.com...it mus be stock spilt

rgds
gaurav

 

[AMITBE]

Bharat Forge, amongst the few Indian multinationals has been a wealth creator over a period of time.
After coming out with strong numbers the other day, is poised for the next leg of the climb at 383-384.
Several major fund managers have put a strong buy on this these last couple of days.
It's been consolidating strong here and the s/l at 376 is hardly any downside. In fact there is no real downside for such a counter. 376 is just for the record.
In a selective buying scenario in the market from here on, a few months down the line will see 500 for sure.
Am holding from way lower and still holding.

From this call on Jan 18, Bharat Forge did slip to 374 from where it blasted it's way to 422 off now.
Hold with stop at 400 or deeper at 394 if anyone in.

 

[roneeth]

From this call on Jan 18, Bharat Forge did slip to 374 from where it blasted it's way to 422 off now.
Hold with stop at 400 or deeper at 394 if anyone in.

Hello Amit,

I am not in Bharat Forge...But a Great call as always.

Greaves Cotton is back to 267,

Regards

Roneeth

 

[AMITBE]

Hello Amit,

I am not in Bharat Forge...But a Great call as always.

Greaves Cotton is back to 267,

Regards

Roneeth

Thanks Roneeth.
Greaves Cotton took a strong bounce off 260 off and at 280 now.
265 is where I'd fixed the stop at...but it's difficult to call these kind of counters which are very strong on fundamentals but become uncertain due to the recent developments.
Any how...if you're still in, good for you.
If stopped out, no fears...the market is looking quite strained at this time. In a sharp decline all of these would be there to be taken lower. Should that happen, will look for levels to get in.
All the best.

 

[roneeth]

Thanks Roneeth.
Greaves Cotton took a strong bounce off 260 off and at 280 now.
265 is where I'd fixed the stop at...but it's difficult to call these kind of counters which are very strong on fundamentals but become uncertain due to the recent developments.
Any how...if you're still in, good for you.
If stopped out, no fears...the market is looking quite strained at this time. In a sharp decline all of these would be there to be taken lower. Should that happen, will look for levels to get in.
All the best.

Hello Amit,

Thanks for your prompt response.I am still in and the intaday high was 289.I could see that accumulation was going on around 267 level but was not sure.
If time permits i have one doubt,yesterday the close of greaves was 261.If i had kept a stop at 265.Where should i have exited ideally?
Till now i had taken all my stops intraday.

1.Exit at 265 intraday that would have been yesterday.
2.or Today morning as it dipped after open again 256 was todays low till now.
i am a little confused about this.

Thanks and regards

Roneeth