FABULOUS-15 has closed with 1.11% gains but Nifty has fallen nearly 100pts this week as battle between SEBI and IRDA kept investors at bay and Greece worries weighed down on global sentiment. FSL has advanced 7% from our price and KKR is reportedly in talks with ICICI BANK for buying stake in FSL. As per sources ICICI BANK is trying to sell 3i INFOTECH stake also and this stock would be next to watch after FSL as these are not core businesses of ICICIBANK. SEBI has been supported by Government over ULIP issue and now matter goes to court which may further worsen matters as time would play its part. Chinese import of coking coal is expected to rise by 47% and GUJ NRE COKE would be a stock to benefit if coal prices rise further. Nifty has closed at lowest point in 5 weeks and shows more weakness in days to come, below 5200 correction can deepen towards 5000 and below also and if we are not to cross 5400 again then this can be a sign of below 4400 levels also. So it is better to remain invested only in selected stocks and use only around 30% of wealth to invest, use rallies to exit.
FABULOUS-15 TRACKER (Prices in Rs) | |||||
Stock Name | Reco Price | CMP | Target | % Returns | Action |
3IINFOTECH | 87 | 78 | 118 | -10 | Hold |
ADHUNIK MET | 110 | 128 | 152 | 16 | Hold |
EKC | 156 | 116 | 189 | -26 | Hold |
EMCO | 91 | 92 | 130 | 1 | Hold |
GIC HOUSING | 92 | 89 | 150 | -3 | Hold |
GLENMARK | 278 | 273 | 350 | -2 | Hold |
GSPL | 98 | 90 | 125 | -8 | Hold |
GUJ NRE COKE | 80 | 88 | 110 | 10 | Hold |
IFCI | 54 | 51 | 75 | -6 | Hold |
MRPL | 78 | 77 | 100 | -1 | Hold |
NEYVELILIG | 152 | 148 | 196 | -3 | Hold |
POWERGRID | 109 | 108 | 141 | -1 | Hold |
SUZLON | 91 | 71 | 140 | -22 | Hold |
JUBILANT | 325 | 327 | 430 | 1 | Hold |
FSL | 30 | 32 | 38 | 7 | Hold |
GREAVES COT | 286 | 338 | 352 | 18 | BP |
SKUMAR | 41 | 49 | 70 | 20 | BP |
ABG SHIP | 210 | 270 | 270 | 29 | BP |
Total Returns (%) | 1.11 | ||||
http://www.marketwatch.com/story/goldman-charged-with-fraud-over-paulson-cdo-trade-2010-04-16 (MarketWatch) -- The Securities and Exchange Commission on Friday charged Goldman Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product related to subprime mortgages.
