Mindtree Consulting has crossed 900 mark in the morning, much above our expectations and at this price the company seems to be a bit costly. We recommended a buy at below 800 levels and now the investors who have entered on our advice or who have got an allotment are in good profits, we recommend an exit at around Rs. 900 levels as it will be a bit risky to remain invested above this level.
Posted in Stocks, Daily Tips | No Comments »
Markets are now looking strong, its time to buy the most beaten down stocks. Yesterday sugar stocks started performing and now the turn is for real estate and construction stocks. Following stocks are showing signs of bullishness.
Posted in Daily Tips | No Comments »
The Asian markets have opened in the green, cement issue has been resolved, we expect a positive opening today with a positive bias on Sugar and Midcap IT sector. Sugar stocks seem to have bottomed out and we have a very limited downward risk. Value has appeared in most of the sugar stocks, some good stocks can be picked up at these levels. Some stocks to enter for the day or for the short term are :
Posted in Daily Tips | No Comments »
The international coffee major Lavazaa buys out 100 percent stake in Sterling group’s Barista Coffee chain in India for an undisclosed amount. Lavazaa is reported to be the fifth largest coffee chain in the world and is stepping in India throug this buy out. The future plans would include to expand the current coffee chain of Barista.
Posted in News Analysis | No Comments »
Finally the cement companies succumb to the pressure of Government and promise to keep the prices of cement intact for next one year and shall bear the burden of additional taxes, levies, etc. imposed by the Government during this period.
Posted in News Analysis | No Comments »
Tobacco is no longer a declared good and tobacco products will now attract VAT leading to an increase in the MRP of Cigarrettes and other tobacco products. This will adversly affect the stock prices of the companies engaged in Tobacco products like ITC and GTC Industries.
Posted in Stocks, News Analysis | No Comments »
Yesterday was a big day for the bulls, they were able to take the Sensex beyond 13000 levels giving signals for a reversal in trend. Some profit booking might come today and we suggest covering of long positions created yesterday morning as they are in good profits. Some short covering might take the sensex further, in all the market is expected to remain highly volatile.
Posted in Daily Tips | No Comments »
The markets are now in an oversold territory, a sharp bounce back is overdue now. One can start taking long positions now as most of the stocks have beaten down to very attractive levels. Following stocks are worth buying in the morning.
Posted in Daily Tips | No Comments »
The Reserve Bank of India has put a cap on the Inter bank borrowings taken by the banks. This step may impact the smaller banks who need to borrow from other large banks on day to day basis. Now the banks will have to keep their own funds as they would not be able to borrow beyond a limit, they will focus on gathering more deposits and the move may raise the deposit rates further.
Posted in News Analysis | No Comments »
We have no clear signals for today, the markets have opened positive with huge volatility. The sentiment is still down at home and global markets are giving positive cues. Yesterday’s pull back was much awaited and expected, but now most of the analysts are holding a view that more pain is still left in the markets and they will be in the process of correction for a couple of months from now. The markets might test the lows of May 2006 and this correction may be more painful then the one we saw in May 2006.
Posted in Daily Tips | No Comments »
