Buy Suven Life Sciences @cmp 30.50 Target 32,33,34,35 |
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EU opening is seen weak. But as of now not a concern.
France opened slight negative…
FYI Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Attachment(s) from Maverick
2 of 2 File(s)
Buy FUT > 5380. SL 5368.
Pls do not enter in between. Be alert of whiplashes.
"Success in trading depends on dispassionate execution of your strategy. Anger, fear, frustration, joy, exuberance and swagger will all cause you to lose money in the end. How do I know?...
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Ian
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Trading Idea: Finolex Cables – BUY
CMP Rs54, Target Rs68, Upside 24.7%
On the weekly chart, the stock has given a breakout on the upside. The above mentioned pattern has taken place after a steady downtrend. Last week, we saw, the stock stabilizing over its 50-Week Moving Average and closing well above it, signaling strength in the upmove. Based on above technical parameters, we recommend traders t o buy the stock at current levels with a stop loss of Rs47 for target of Rs68 and Rs73.
Please on the link to view the attachment.
http://content.indiainfoline.com/wc/research/researchreports/Finolex_Cables_120710.pdf
Warm Regards,
India Infoline Research Team
It should react soon if it follows its usual path. Whereas the stock has been making higher lows and higher high, in last few weeks. Hence one should enter this stock with a LT vision with SL at 72, as close as possible to this on market strength.
DLF also has been showing similar signals. SL 286. Initial sl 297.
Many stocks are indicating similar pattern….. Hence choose near low as SL and hold LONG
PVC resin and pipe manufacturer Finolex Industries Ltd is proposing to enter into tank terminalling at Ratnagiri and expects to add revenues of Rs 100 crore through the new line of business. To prepare for this, a breakwater is being constructed at the company's existing jetty at Ratnagiri to make it an all weather port, and the Rs 160-crore project, that is being undertaken by Afcons is expected to be complete in a year. Elaborating upon the new line of business, Mr S.S. Dhanokar, Assistant Managing Director and Chief Operating Officer, said liquids such as edible oils and speciality chemicals required for the pharmaceutical industry were among the products that could be stored at the tank terminal. Talks are underway with a partner to manage and operate the terminal, he added. The company uses the jetty to offload raw materials and coal for its captive power plant at Ratnagiri in addition to LPG for BPCL, a business that adds Rs 15 crore to its revenues. Recently, it has also introduced trading in methanol sourced from Qatar, used as a solvent by pharma companies, and is planning to add more products to this list in the next two years. Currently the PVC resin business accounts for around Rs 900 crore of the Finolex Industries' top-line while the pipes business adds around 500 crore to it. The company is targeting a growth of 20 per cent during this fiscal. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Finolex Industries Ltd (FIL) is close to inking a pact with Tishman Speyer India Ventures, a company engaged in real estate development, for the sale of its land in Chinchwad, near Pune, which currently houses one of its PVC pipe manufacturing facility, sources close to the company reveal. The deal is expected to be worth over Rs 300 crore, sources said. To pave the way for the impending agreement, the PVC pipe manufacturing plant that currently stands on the 78-acre plot will be moved to the company's existing plant at Ratnagiri. FIL is also adding capacity by setting up another greenfield facility to manufacture pipes at Urse. It may be recalled that the Pune-based FIL had announced that it would develop an IT SEZ on the property. However, with the new developments, Tishman Speyer India Ventures will develop the land, and, in the process `unlock value' for the company. At the National Stock Exchange, FIL stock closed at Rs 83.65 down marginally from its previous day close of Rs 84.20. FIL will move its Chinchwad plant, lock, stock and barrel to its 1000-acre plot in Ratnagiri where it is already producing nearly 60,000 tonnes of pipes annually, in addition to PVC resin. A second greenfield plant is also being put up Urse, where the company has procured a 20-acre plot of land recently adjacent to the Finolex Cables plant. Work on the new plant is already under way. It is expected to go on stream by December, and produce 20,000 tonnes of pipes annually. Tishman Speyer Properties, a leading owner, developer and operator in the real estate sector has developed properties across the world including New York icons Chrysler Building and the Rockefeller Centre. Tishman Speyer India Ventures is a 50:50 joint venture between Tishman Speyer Properties USA and ICICI Ventures. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Finolex Industries (Rs 89): Buy
Investors with short-term trading perspective can consider buying the stock of Finolex Industries. It is evident from the charts of the stock that it is in uptrend in all time frames — long-, medium- and short-term. After taking support around Rs 65 in late May, the stock resumed its long-term uptrend and began to accelerate. Thereafter in late June, the stock breached its immediate resistance level of Rs 83 conclusively. On July 12, the stock jumped four per cent, reinforcing its ongoing bullish momentum. We note that the stock's current rally has been backed by good volume. The stock is trading well above its 21- and 50-day moving averages. Both daily and weekly relative strength indices are featuring in the bullish zone. Further, daily and weekly moving average convergence divergence indicators are firmly placed in the positive territory. Our short-term forecast on the stock is positive. We anticipate the stock's rally to continue until it hits our price target of Rs 93 or Rs 95 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 86. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
Expect today to be a very dull day. Do not see any money on index, whereas stocks should do well. Hence a good day traders day. However the direction on index is UP and UP as for cues from
Indian Stocks BSE |
Posted: 12 Jul 2010 06:28 AM PDT Free Intraday Cash Tips from Tipz.in for 13th Jul 10 517344 ( MINDTECK (I))
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Posted: 12 Jul 2010 06:27 AM PDT |
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