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BIOCON LTD: POSITIVE BUZZ

BIOCON | BSE CODE: 532523 | CMP: Rs 470

The stock has been witnessing huge volumes in the last few sessions and remained one of the favourites among traders in last week. According to market sources, the stock is likely to witness a further upward move from its current levels. Some domestic fund houses and big participants have entered the stock, as they are expecting to list its subsidiary Syngene. Therefore, traders with high risk appetite can look at this counter to make some quick gains.

PENNAR INDUSTRIES: METALLIC SHINE

PENIND | BSE CODE: 513228 | CMP: Rs 54

Pennar industries saw a surge in price and volumes in the last two trading sessions after its subsidiary Pennar Engineered Buildings Systems, filed for initial public issue. Market sources suggest stock price will move upside from current level. Big market participants as well as one of the large domestic funds are taking keen interest in the stock, and are building positions in the counter. The stock can be a ideal candidate for some short-term trading gains.

FIRSTSOURCE SOLUTIONS: PROFITS CALLING

FSL | BSE CODE: 532809 | CMP: Rs 31

The stock had underperformed the market in past one month ending 30 March 2015, falling by 8.3 per cent compared with 4.72 per cent decline in the Sensex. Recently, it has launched another call center in USA and is in the process of acquiring more clients in North American healthcare sector. It’s wholly owned subsidiary Firstsource Group USA, Inc., has successfully made its eighth quarterly repayment of USD 11.25 million of its outstanding debt on March 31, 2015. Considering the above events the stock can be looked at for some quick short term trading gains.

DCBBANK: BANKABLE BET

DCBBANK | BSE CODE: 532772 | CMP: Rs 111

The volumes on this counter are on higher side and the stock has been witnessing buying interest for the past few sessions. As per the market buzz, it may show good price performance going ahead. It is also heard that some important market participants are taking keen interest in the stock and are keeping a close track on its price movement. They have already started accumulating the stock. The stock can be looked at for further gains in short term.