Stock Name | Reco Price | CMP | Target | % Returns | Action |
3IINFOTECH | 87 | 80 | 118 | -8 | Hold |
ADHUNIK MET | 110 | 123 | 152 | 12 | Hold |
EKC | 156 | 120 | 189 | -23 | Hold |
EMCO | 91 | 85 | 130 | -7 | Hold |
GIC HOUSING | 92 | 86 | 150 | -7 | Hold |
GLENMARK | 278 | 246 | 350 | -12 | Hold |
GREAVES COT | 286 | 301 | 352 | 5 | Hold |
GSPL | 98 | 88 | 125 | -10 | Hold |
GUJ NRE COKE | 80 | 80 | 110 | 0 | Hold |
IFCI | 54 | 51 | 75 | -6 | Hold |
MRPL | 78 | 75 | 100 | -4 | Hold |
NEYVELILIG | 152 | 159 | 196 | 5 | Hold |
POWERGRID | 109 | 108 | 141 | -1 | Hold |
SUZLON | 91 | 75 | 140 | -18 | Hold |
JUBILANT | 325 | 347 | 430 | 7 | Hold |
SKUMAR | 41 | 49 | 70 | 20 | BP |
ABG SHIP | 210 | 270 | 270 | 29 | BP |
Total Returns (%) | -1.06 | ||||
FABULOUS-15 has returned negative -1.06% so far but individual stock performance has been very good this week. GREAVES COTTON, ADHUNIK and JUBILANT have outperformed and look good for more gains. GREAVES COTTON is near 52-week high and is a weekly breakout where our target of Rs 352 can happen in short-term also, JUBILANT major breakout is awaited above Rs 350 and once stock settles above that Rs 400 would be near-term possible. Market is showing weakness after rising for 6 weeks on trot and if 5310 above move is not seen, much deeper correction can happen very soon. RBI has hiked repo and reverse repo rates by 25bps and BANKS would be negatively impacted. FABULOUS-15 has been designed expecting a negative market this year and so far it has been in tandem with the objective where two stocks have given very good returns also while others would perform soon. ONMOBILE is worth a buy as the company would benefit by 3G connectivity. http://tanmaygopal.blogspot.com/2010/03/onmobile-rs-392-buy-for-targets-above.html
GREAVES COTTON - Weekly Breakout:
http://www.greavescotton.com/Main/index.aspx
Greaves leads the field in the manufacture of Diesel Engines (10-1000 HP) used for diesel generating sets, barges, pilot launches, compressors, construction equipment, cranes, forklifts and various defence applications. Greaves supplies engines to a host of applications like marine, agricultural, construction and other industrial applications. Highly fuel efficient, Greaves lightweight diesel engines are ideal for Automotive applications like 2-wheelers, 3-wheelers and four wheeled small commercial vehicles. Piaggio, has been GCs biggest customer and it has entered into a 8 year deal with GC for supply of three wheeler diesel engines, starting April 2010. And GC will be the single source supplier to Piaggio.
The stock has broken out on weekly graph and target of Rs 352 looks to happen very soon
