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Tuesday, December 21, 2010

Updates on equities

Bharti Airtel:

I always recommend this stock; one can keep accumulating this stock for long term perspective. The equity seems reasonable in the range of Rs.300 - Rs.330 and target of Rs.400 can be expected within a year.

IVRCL Infrastructures & Projects Limited:

Last time when I provided an update the stock price was Rs.153.15. I had mentioned that the stock will have a sharp fall if it will break the Rs.145 level. The equity had indeed broken the level and now trading at Rs.126.8. As the stock is in bearish trend, buying for long term is not recommended. Yes, you may see some action on this stock around budget as there can be many announcements related to Infrastructure sector.

Reliance Industries Limited:

I had mentioned targets of Rs.1200 and Rs.1400 on this stock a couple of months back and I still maintain these targets. Also, this equity is always a good buying opportunity in the range of Rs.950-Rs.980 for the targets of Rs.1075-Rs.1100.

Satyam Computer Services Limited:

A couple of months back, I had mentioned on this blog that one should start accumulating Satyam around Rs.70. The stock still needs some more time to consolidate; this is right time to accumulate Satyam shares. There is some downside as well, but risk reward ratio around Rs.70 is favorable for one who is willing to wait for a couple of years.

SKS Microfinance Limited:

 
A couple of months back when this stock was trading at Rs.1005, I had advised to stay away from this stock for at least couple of months. The stock is now trading at Rs.612, for a long term perspective, one should wait for few more days and enter only when there is clarity about company’s future prospects.

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Disclaimer on the Tips provided on this blog:

My views are based on my own analysis and only for information purpose. If you use this information, it should be entirely up to your discretion.