For those who picked Maruti Udyog based on my recommendation a few days ago will now be sitting on 9.1% profit on their capital invested (CMP 787.9).
BHEL picked momentum on Friday and touched a day high of 1934.
As mentioned earlier, JP associates continued its upward momentum breaking new resistance levels touching 292 during intra-day to close at 288.75. Given that I have been recommending this stock since 240 levels, one would be sitting on a neat profit of 17.8% by now.
Keep watching this space to get more exciting action on your stock portfolio.
Saturday, May 3, 2008
Wednesday, April 30, 2008
Quick updates- II
RBI’s actions buoyed the markets and nifty closed nearly 2% up from yesterday.
JP associates (recommended yesterday) has reached its short-term target. The stock has broken resistance levels and therefore is expected to go higher.
RPL (recommended yesterday) also broke the 200 psychological mark and should move towards its short-term target.
Maruti also reacted positively to RBI news and is expected to inch up only.
Indiabulls securities has declared a dividend of Rs 7.5 per share. If approved by the board, given CMP 137.75, this is a tax-free return of 5.4% on capital invested at CMP. The stock has run up almost 10% each day in the past 4 trading sessions. This stock while a high risk, continues to be a good intra-day pick.
Another short-term pick is RNRL. At CMP of 126.85, one can hold the stock for target of 130-135.
BHEL is another under performer. The stock has been languishing for quite sometime. Expect BHEL to touch 2000 in a few trading sessions. This would also be a good long-term hold.
JP associates (recommended yesterday) has reached its short-term target. The stock has broken resistance levels and therefore is expected to go higher.
RPL (recommended yesterday) also broke the 200 psychological mark and should move towards its short-term target.
Maruti also reacted positively to RBI news and is expected to inch up only.
Indiabulls securities has declared a dividend of Rs 7.5 per share. If approved by the board, given CMP 137.75, this is a tax-free return of 5.4% on capital invested at CMP. The stock has run up almost 10% each day in the past 4 trading sessions. This stock while a high risk, continues to be a good intra-day pick.
Another short-term pick is RNRL. At CMP of 126.85, one can hold the stock for target of 130-135.
BHEL is another under performer. The stock has been languishing for quite sometime. Expect BHEL to touch 2000 in a few trading sessions. This would also be a good long-term hold.
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