Some Good Steals...

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hi Amit,
thanks for your advise on Sal steel & Sujana Industries.... Can you give any guidance on Priyadarshini Spinning Mills Ltd. Heard it had made 400% profit yoy March2005. I have entered it @36. Its about 38.95 at end of day. Should I hold... Whats your estimate on this one.
 

AMITBE

Well-Known Member
roneeth said:
Hello Amit! I wanted your view on Elecon Engineering cmp 544
My fathers investment for more than 5yrs,Please can you put your views regarding where the stock is headed....can i stay invested..Regards Roneeth
Hi Roneeth,
As I wrote during the day, it's a great company to be holding. There's no call for exiting, not by any standards.
Has an international presence, with a good percentage FII investment. Quarter on quarter, and year on year, there are strong progressive operating and net profits.
From mid June, for two monts was in sideways consolidation, and two weeks ago gave a breakout. It appears to have commenced an intermediate uptrend for now.
You may look to 650-700 next 4-6 months.
Do keep me posted on it from time to time.
Regards.
 
AMITBE said:
Hi Roneeth,
As I wrote during the day, it's a great company to be holding. There's no call for exiting, not by any standards.
Has an international presence, with a good percentage FII investment. Quarter on quarter, and year on year, there are strong progressive operating and net profits.
From mid June, for two monts was in sideways consolidation, and two weeks ago gave a breakout. It appears to have commenced an intermediate uptrend for now.
You may look to 650-700 next 4-6 months.
Do keep me posted on it from time to time.
Regards.
Hello Amit!

Thanks for the reply...I truely appreciate your efforts .
Will keep you updated ...

Regards

Roneeth
 

AMITBE

Well-Known Member
roneeth said:
Hello Amit!

Thanks for the reply...I truely appreciate your efforts .
Will keep you updated ...

Regards

Roneeth
Hi Roneeth, you're always welcome friend.
Yes, do keep me posted every so often.

Will be going through the postings and will answer any remaining ones.
Thanks.
 

AMITBE

Well-Known Member
VICKY_SEEKINGINR said:
HELLO DEAR AMIT

CENTURYTEXT IS SAFE FOR NEXT 1-2 MONTHS?
CAN I HOLD IT..

THANKS
Yes, Vicky. It's a sure hold.
Running on UPS now....will return soon.
 
hI AMITBE,

Welspun India has seen a breakput...rose by 15.5% y-day. Ended the day at 133 with strong volumes breaking out from its 200 DMA of 119. Is this a good enough indicator to go long on this scrip? Do you foresee any targets for this scrip.

Also it is going into retail...so has to be valued as a textil plus retail brand.

Have gone long on Malwa and Aztec. Thanks for the advice.

Gaurav
 
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