Stocks for a week
VSNL-BUY TARGET 510
MTNL-BUY TARGET 250
HINDALCO-HOLD TARGET 250
Market may be volatile and traders can book profit and keep cash withhand to enter in Reliance petroleum.Videsh Sanchar Nigam Ltd on Monday said it has signed a share purchase agreement to acquire Direct Internet Ltd and its subsidiary for Rs 75 crore. The agreement was signed by VSNL for acquiring DIL and its wholly owned subsidiary Primus Telecommunications India Ltd.It is good to enter into VSNL at current levels with a target of 600 in medium term and 500-510 in short term.The stop loss can be put at 460.
MTNL on Monday got a letter of intent from the government giving it the go-ahead for an NLD license. With license bagged, a strident MTNL is bargaining for unheard-of carriage rates from its bigger brother BSNL on long-distance routes. Holding MTNL for medium term will be benificial.
In one of my previous posts I recommended to buy hindalco with a target of 210-220 and it has reached and after the results and aluminium and copper sector it is good to hold the stock for a medium term .The target expected is 250-275.
Comments
i think market is not responding to MTNL news,I bought 200 MTNL,anyways i also bought
1.orient hotels for 379
2.sasken for 346
3.bombay dyeing for 850
4.Gvk power for 285
5.suzlon for 1245
please give a follow up.Should i accumalate bombay dyeing as it is now at 810 levels.
Regards,
Anunay.
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