3/8/2012 9:00 PM Thursday
IN FINE FORM
BSE CODE: 532178
CMP: Rs 272
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. Domestic fund houses and big market participants have entered the stock, and expect some positive announcement in the counter from the company that will take the stock price northwards. Therefore, the stock can
be looked at for short-term trading gains.
BSE CODE: 500049
CMP: Rs 1558
The stock has been moving up and down in the same range for a period of time, which is quite clear if we look at the price movement over the last ten trading sessions. There has been good accumulation in the stock for the past one week,
and that is evident from the volumes in the counter. Our sources suggest that a big government institution is taking a keen interest in the stock and has been accumulating it. It will probably increase its position in the counter even more, which could send the stock further up.
POWER GRID CORPORATION OF INDIA
BSE CODE: 532898
CMP: Rs 110.75
The stock is witnessing range-bound movement for the last few trading sessions. It is heard that some domestic institutions and fund houses are taking a keen interest in the stock. For the last few trading sessions, the stock has been
witnessing a rise in volumes. Market participants suggest that it is likely to witness a good run-up in the near future. Investors can look at the stock for short-term trading gains.
IN A SWEET SPOT
BALRAMPUR CHINI MILLS
BSE CODE: 500038
CMP: Rs 51.50
The volumes are on the higher side and the stock has been witnessing good buying interest for the last few sessions. According to the market buzz, the stock is expected to show a good price performance going ahead. The punters are playing their part to renew the interest in the stock for market participants. It is also learned that some big HNIs have taken long positions in the stock, and are expecting the stock to move in the northward direction. The stock can be looked at from a short-term trading perspective.
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