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The stock is trading at a significant discount to the value of its investment book, which comprises mainly of Tata Group companies. TIC is a good defensive option with low volatility, as the stock's beta against the BSE 500 is 0.43. This, coupled with steep discount to the underlying book value, reduces downside.
An improved balance-sheet, presence in the lucrative redevelopment Mumbai market and willingness to quickly shed stake in large projects to keep the cash clock ticking are key positives for Orbit Corporation. These factors are likely to aid the company achieve superior earnings growth over the next two years.Suzlon Energy (Rs 73.9): Suzlon Energy has been trending down from its life-time high of Rs 460 recorded in early January 2008. Moreover, in June 2009 the stock resumed its longer-term downtrend encountering resistance in the band of Rs 140 and 150 and has been on an intermediate downtrend. The short-term trend is sideways in the range of Rs 68 and Rs 82. This trend can prolong further in the near-term. A downward breakthrough will pull the stock to Rs 55, November 2009 troughLong-term investors can continue to hold with stop at Rs 53. However, a conclusive upward penetration of the range would lead the stock to Rs 90 and then Rs 105 in the long-term.
Raymond (Rs 237.8): Since the multi-year low of Rs 68 marked in March 2009, the stock has been on an intermediate-
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