Strong & Weak Stocks
This is list of 10 strong stocks:
Bhushan Steel, HDFC Ltd, India Info, Ambuja Cement, Kotak Mahind, Maruti, Tech Mahindra, Ranbaxy, Ispat Ind & IDBI.
And this is list of 10 Weak stocks
Divi'S Lab, PTC, Mcleodruss, GT Offshore, GSPL, Hind Const, BGR Energy, Hind Zinc, Sintex & ABG Ship.
The daily trend of nifty is in Uptrend
BUY BHUSANSTEEL SL 419 T 475 & BUY EIH SL 136 T 154 & BUY HDFC SL 712 T 808 & BUY INDUSBANK SL 142 T 161 & BUY INDIAINFO SL 110 T 124 BUY MOSEARBEAR SL 69 T 78 BUY NTPC SL 202 T 78 & BUY OBCBANK SL 94 T 107 & BUY PUNJLLOYD SL 123 T 140
BUY ZEE SL 298 T 312 318 & BUY ROLTA SL 168 T 176 182 & BUY BPCL SL 770 T 800 820 & BUY IDBI SL 140 T 150 154 & BUY IFCI SL 60 T 64 66 & BUY MUNDRA SL 814 T 860 880 & BUY MARUTI SL 1430 T 1475 1490 & BUY ABAN SL 818 T 840 860 & BUY WIPRO SL 426 T 448 454 & BUY FINTECH SL 1360 T 1396 1410 & BUY PATANI SL 430 T 452 460 & BUY AXISBANK SL 1510 T 1540 1550 & BUY ICICI SL 1100 T 1138 1148 & BUY RELCAP SL 807 T 834 844
Corporate News Headline•
Infrastructure Development Finance Company is planning to raise up to Rs. 34 bn through the issue of long-term bonds and the public offer is likely to open in the first week of October. (BS)
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GAIL (India) Ltd, which got spot liquefied natural gas cargo in western India, plans to import more such parcels this year, its chairman said. (BS)
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Crisil said it will buy US-based knowledge process outsourcing firm Pipal Research Corporation for USD 12.75 mn. Crisil has entered into an agreement to purchase the business of Pipal, whose clientele includes companies from the technology and financial services sector, Crisil said in a statement. (BS)
Economic and Political Headline•
The Finance Ministry and Reserve Bank of India officials will tomorrow finalise the schedule for government borrowings for H2'11, taking into account the credit needs of the economy in the festive season. Finance Secretary Ashok Chawla and RBI Deputy Governor Shyamala Gopinath among other officials will decide on market borrowings for the next half, pegged in the union budget at Rs 1.7 tn. (BS)
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European industrial orders declined more than economists forecast in July, led by a drop in capital goods such as factory machinery. Orders in the 16-nation euro area decreased 2.4% from June, when they rose 2.4%, the European Union's statistics office said. (Bloomberg)
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US home prices dropped 3.3% in July from a year earlier, the eighth consecutive decline, as foreclosed properties flooded the market. Prices fell 0.5% from June, the Federal Housing Finance Agency in Washington said. (Bloomberg)
*Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report
Arvind Parekh
+ 91 98432 32381
