1/2/2012 12:55 PM Monday
SET TO REVIVE
BSE Code: 532321
CMP: Rs 658
In the last few days, the stock’s price has been beaten down. However, the volumes have remained on the higher side. It is being heard that the company is being watched closely by some big market participants, who are working in a group to create long positions
in the stock after its recent fall. The news of a new acquisition has played spoilsport with respect to the stock’s prices, but as per the buzz, the stock is likely to revive shortly and witness better northward performance going forward. Investors may create positions in the stock according to their risk appetite to garner some short-term gains.
BSE Code: 532301
CMP: Rs 765
The stock has been witnessing huge volumes in the last few sessions, and has remained one of the favourites among traders in the 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 market participants have entered the stock, as they are expecting some favourable announcement from the company that may induce positive vibes and take the price northwards. Therefore, the stock can be looked upon for short-term trading gains.
LEAD BY VOLUMES
BSE Code: 509631
CMP: Rs 153
Market sources suggest that the company may witness a good move in the northward direction in the near term. Good investment buying is happening in the stock from big market participants, as can be seen from the good volumes it has witnessed. In fact, its volumes have surpassed the two-week average volumes clocked by the stock. There is a buzz that the company may delist its shares, and it is anticipated that this announcement may come shortly. The stock can be looked at for some short-term trading gains.
SMARTLINK NETWORK SYSTEMS
BSE Code: 532419
CMP: Rs 52
The buzz in the market is that promoters are continuously buying this stock, as they have drawn up a strategy to increase their stake to the threshold limit. This is particularly in light of the fact that the stock has declined steeply, falling from its 52-week high of `80. This buzz has also created interest among big market participants, who are looking forward to making a quick buck with the news doing the rounds of the market. Although the stock is likely to witness some northward move in the near term, it must be noted that it belongs to
the ‘T’ group. Investors are advised to take a position in the stock as per their risk appetite.
Disclaimer: The recommendations provided in this column are taken from different market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Dalal Street Investment Journal may or may not subscribe to these recommendations.
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