Nifty has ended the week positively and FABULOUS-15 list so far has lost -4.5%. GREAVESCOTTON, NEYVELI and SKUMAR are holding in positive ground while IFCI is expected to join them as Government has invited bids for restructuring of the company. EKC results have been bad in recent past that is why we see the stock underperforming but the worst is getting over in my view for the company and downside looks limited. GUJ NRE COKE has lost 14% from our recommended price but India still faces shortage of coal and with China becoming net importer even after producing 43% of world coal, prices of the fuel are expected to rise which can benefit GUJ NRE COKE. Our View on market before Budget:- http://akprabhakar.
Interview with Myiris.com http://www.myiris.com/shares/company/ceo/showDetailInt.php?filer=20100212153947194&sec=me
FABULOUS-15 TRACKER - List Launched on 31-Dec-2009 | ||||||
Stock Name | Reco Price (Rs) | CMP (Rs) | High So Far (Rs) | Target (Rs) | % Returns So Far | Action |
3IINFOTECH | 87 | 77 | 97 | 118 | -11 | Hold |
ADHUNIK MET | 110 | 106 | 127 | 152 | -4 | Hold |
EKC | 156 | 123 | 162 | 189 | -21 | Hold |
EMCO | 91 | 85 | 109 | 130 | -7 | Hold |
GIC HOUSING | 92 | 86 | 94 | 150 | -7 | Hold |
GLENMARK | 278 | 256 | 290 | 350 | -8 | Hold |
GREAVES COT | 286 | 286 | 303 | 352 | 0 | Hold |
GSPL | 98 | 90 | 102 | 125 | -8 | Hold |
GUJ NRE COKE | 80 | 69 | 98 | 110 | -14 | Hold |
IFCI | 54 | 50 | 60 | 75 | -7 | Hold |
MRPL | 78 | 77 | 86 | 100 | -1 | Hold |
NEYVELILIG | 152 | 153 | 172 | 196 | 1 | Hold |
POWERGRID | 109 | 107 | 121 | 141 | -2 | Hold |
SKUMAR | 41 | 44 | 47 | 70 | 7 | Hold |
SUZLON | 91 | 73 | 95 | 140 | -20 | Hold |
ABG SHIP | 210 | 270 | 270 | 270 | 29 | Profits Taken |
Bharti Airtel has offered up to $10.7 billion for the African assets of Kuwaiti telecom group Zain, Kuwaiti newspapers reported on Saturday, as India's largest mobile operator makes a renewed foreign push. http://in.reuters.com/article/businessNews/idINIndia-46140820100213
SEBI in the interest of investors advised cautioun while using information available from media sources such as Websites/ Blogs/ Newspaper Advertisements/ SMS’s Emails/rumours/ advice through television or print media for information and tips for intra-day, short term or long term investing. http://prabhakar-views.blogspot.com/2010/02/caution-to-investors-from-sebi.html
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