Tuesday, November 16, 2010

HIND.COPPER & other FPO stocks

HIND.COPPER which was looking very good on charts has started to crack and if this news of FPO around Rs.200 is true correction in this stock would be limited as floating stock is very low as Government holds 99.58% but the impact on the stocks which are likely to come with FPO or right issue can be high. SAIL, ONGC, IOC,SBIN, SHIPPINGCORP are few stocks were FPO or rights issue can be possible.