Some Good Steals...
- Thread starter AMITBE
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Hi all,
Hope everyones having a fine weekend.
Im answering queries put to me over the past few days now. Starting from the earliest unanswered query here, but if Ive missed any one, please do re-post.
Hi Reddy, Indo Rama Tex, closed at 51 off which is an important support. Below this it should hold at 45. Its in an up-trend now, so is a reasonably defensive buy, though I dont see fireworks to happen by the charts alone. That happened in July from 35 levels. Its likely to maintain a gradual climb once past 56.
Kitex Garments from a similar sector, pointed out by kkz59 is also an interesting scrip to consider. Its in an up-trend too, though a little sideways at 82. Has firm support at 76, and on crossing 88-90, should resume its upwards movement.
Both should do fine in the long term.
You may want to look for something in the civil-construction and cement sector too. If you like something, I'd be happy to give feedback.
Regards.
Hope everyones having a fine weekend.
Im answering queries put to me over the past few days now. Starting from the earliest unanswered query here, but if Ive missed any one, please do re-post.
Hi Reddy, Indo Rama Tex, closed at 51 off which is an important support. Below this it should hold at 45. Its in an up-trend now, so is a reasonably defensive buy, though I dont see fireworks to happen by the charts alone. That happened in July from 35 levels. Its likely to maintain a gradual climb once past 56.
Kitex Garments from a similar sector, pointed out by kkz59 is also an interesting scrip to consider. Its in an up-trend too, though a little sideways at 82. Has firm support at 76, and on crossing 88-90, should resume its upwards movement.
Both should do fine in the long term.
You may want to look for something in the civil-construction and cement sector too. If you like something, I'd be happy to give feedback.
Regards.
Hi Gaurav, Im not too sure about Cummins not issuing bonuses past couple of years, but this aside, it is a company with strong fundamentals with sustained growth. I had taken it at 120 levels about two months ago, and though it has given a 25% growth since, it has shown itself to be rather erratic. Its forming a nice bullish thrust these last few sessions, and I am holding for 180.
On Bharti, I at this point dont how the J/V in life insurance with AXA would reflect in its books. There may be a separate holding company and Im not aware of this. The over all growth would certainly boost Bharti in every manner. Besides the J/V, Bharti is in an aggressive growth phase and a market leader. Increasing competition and the resulting decrease in profit margins should be more than compensated for by a multiplying customer base and network resulting in ever increasing sales. Im holding Bharti since 220, and from 300 plus currently, the target for me is 400 in two to thee months.
Regards.
On Bharti, I at this point dont how the J/V in life insurance with AXA would reflect in its books. There may be a separate holding company and Im not aware of this. The over all growth would certainly boost Bharti in every manner. Besides the J/V, Bharti is in an aggressive growth phase and a market leader. Increasing competition and the resulting decrease in profit margins should be more than compensated for by a multiplying customer base and network resulting in ever increasing sales. Im holding Bharti since 220, and from 300 plus currently, the target for me is 400 in two to thee months.
Regards.
Hi Amit,
I have been a regular reader of your posts.... Thanks for all the effort you are putting in to help the investing-community.
Today, I have registered myself as a member of this msg board.
Need your expert advise... I am totally stuck up with ITI @ 87.00 (averaged price).
The total amount in this is too high.. and leaves a lot to be desired. Neither I am able to get out not I am able to invest in any other stock.
Please help.
Thanks,
SmallBull74
I have been a regular reader of your posts.... Thanks for all the effort you are putting in to help the investing-community.
Today, I have registered myself as a member of this msg board.
Need your expert advise... I am totally stuck up with ITI @ 87.00 (averaged price).
The total amount in this is too high.. and leaves a lot to be desired. Neither I am able to get out not I am able to invest in any other stock.
Please help.
Thanks,
SmallBull74
Anupama Singh said:
Hi Amit, I am relatively new over here and also in the stock mkt.This pullback is giving me an opportunity to enter.Is it okay to enter Gammon and Aptech at this level or should I wait for some more pullback? Thanks in advance. 
Anu
Anu
Gammon has run up quite a bit since I called it at 260 where it was just about to flare. It has ways to go yet, if you are looking at a mid to long term holding. 8 to 12 months should see it 600 plus. There is unlikely to be a significant drop from the current 375 levels.
Gammon is a great company, but besides this, there is a play in the infrastructure sector. Lately again, the govt. has committed a very large outlay to roads, airports, seaports, power-plants etc. Construction companies, capital good, engineering and cement are the obvious beneficiaries.
Another sector that should come out with good earnings post the good monsoons, together with the govt. subsidies is the fertiliser and agro chemicals industry.
Sugar and pharmaceuticals is good too.
Thee are many choices available across the board, but most good ones have run up already.
Im listing a few good scrips here which have good upside potential going ahead into the mid to long term.
Gammon CMP 376.
Era Construction CMP 149
Noida Toll Bridge CMP 28
Mahindra Gesco CMP 197
Praj Industrries CMP 113
Patel Engineering CMP 243
SKF CMP 212
Jp Hydro CMP 32
Prism Cement CMP 25
India Cement CMP 107
Guj. Ambuja Cem CMP 65
Jain Irrigation CMP 171
Deepak Fertiliser CMP 81
Chambal Fertiliser CMP 35
Ind Swift Labs CMP 195
Nicholas Piramal CMP 258
Dabur CMP 150
Thee are so many more likely winners and would be a long exercise to look them up.
These could be taken at any decline, and are not necessarily about to go through the roof. Most of these have already had such breakouts, and from here on are mid to long term plays.
Any members interested can make a note too. I could suggest likely entries to these, but please do some work and decide which you like before posting.
Nandan(nn0023) you can look here too.
Regards.
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dear amitbe
i have [email protected]. can i dispose it or wait for any target?could you advice on this.please
i have [email protected]. can i dispose it or wait for any target?could you advice on this.please
Hi ragh_ash,
Financial Tech you could enter at current levels at 930 off. It's consolidating at 900 levels after a great runup last two months. It moves to its own music with no regard to the wider market. Likely target in eight months is 1500 plus.
Bharat Forge is a great pick, and after the stock split, looking at your time horizon, the current 299 is an ok entry. Has some esistance at 305, but don't worry about it. You may possibly look to 500 plus in one year.
Aventis is in a long term uptrend and though a gradual mover, a certain buy. Also it's not a liquid scrip and at the curent 1450 level, would need some trigger for a sharp upside. I'm unable to project a target quite frankly, but will make steady gains.
Clariant has just runup from 270 to 310 within days. Is in a long tem uptrend too, and seemingly a good buy. There's not a lot of interest from FIIs or domastic funds though. See if it'll decline a little. Has good support at 300, so pick at a decline and on the up there if possible. It typically has prolonged sideways movement so expect a grradual progress. A taget for six months can only be established after a few sessions to see where it is heading after the recent surge.
Regards.
Financial Tech you could enter at current levels at 930 off. It's consolidating at 900 levels after a great runup last two months. It moves to its own music with no regard to the wider market. Likely target in eight months is 1500 plus.
Bharat Forge is a great pick, and after the stock split, looking at your time horizon, the current 299 is an ok entry. Has some esistance at 305, but don't worry about it. You may possibly look to 500 plus in one year.
Aventis is in a long term uptrend and though a gradual mover, a certain buy. Also it's not a liquid scrip and at the curent 1450 level, would need some trigger for a sharp upside. I'm unable to project a target quite frankly, but will make steady gains.
Clariant has just runup from 270 to 310 within days. Is in a long tem uptrend too, and seemingly a good buy. There's not a lot of interest from FIIs or domastic funds though. See if it'll decline a little. Has good support at 300, so pick at a decline and on the up there if possible. It typically has prolonged sideways movement so expect a grradual progress. A taget for six months can only be established after a few sessions to see where it is heading after the recent surge.
Regards.
Hi reejan....you've come in on Albert David at a resistance, obviously in the last few days.
No fears, as it appears to be in a breakout mode which would be confirmed in the coming sessions at a move past 45-52-56. A close above 60 will take it to higher levels. Should there be stiff resistance at 58-60, you may want to take some profit there.
Regads.
No fears, as it appears to be in a breakout mode which would be confirmed in the coming sessions at a move past 45-52-56. A close above 60 will take it to higher levels. Should there be stiff resistance at 58-60, you may want to take some profit there.
Regads.
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