Saturday, March 27, 2010

FABULOUS-15 Tracker


FABULOUS-15 has closed with negative 1.41% returns and this week GUJNRECOKE has moved up returning 10% from our recommended price. GREAVES COTTON, JUBILANT and ADHUNIK are trading near their respective 52-week highs and these stocks can catch rally soon. Markets have risen for 7 weeks in a row and normally a reaction is expected after such a long stretch but market is always supreme and until 5080 is not broken on downside the trend is expected to remain up. Nifty faces crucial resistance in the form of 5310 which is 2-year high and above that 5500 may be seen. IFCI is looking good and any news about restructuring exercise in the company can take it near to our target easily. We are still invested with just 30% and 70% we hold as cash.
FABULOUS-15 TRACKER (Prices in Rs)
Stock Name
Reco Price
CMP
Target
% Returns
Action
3IINFOTECH
87
77
118
-11
Hold
ADHUNIK MET
110
120
152
9
Hold
EKC
156
122
189
-22
Hold
EMCO
91
83
130
-9
Hold
GIC HOUSING
92
86
150
-7
Hold
GLENMARK
278
252
350
-9
Hold
GREAVES COT
286
299
352
5
Hold
GSPL
98
88
125
-10
Hold
GUJ NRE COKE
80
88
110
10
Hold
IFCI
54
52
75
-4
Hold
MRPL
78
75
100
-4
Hold
NEYVELILIG
152
148
196
-3
Hold
POWERGRID
109
106
141
-3
Hold
SUZLON
91
72
140
-21
Hold
JUBILANT
325
346
430
6
Hold
SKUMAR
41
49
70
20
BP
ABG SHIP
210
270
270
29
BP
Total Returns (%)



-1.41



*Adhunik Power and Natural Resources, the power subsidiary of Adhunik Metaliks, has raised a Rs 12.28bn three-tranche loan, via book runner SBI Caps. The proceeds will be used to construct a coal-based thermal power plant of 270MW. The facility pays 50bp lower than State Bank’s advance rate of 11.25%.

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