6/28/2012 9:00 PM Thursday
BSE Code: 532121
CMP: Rs 96
The volumes on this counter are on the higher side. The stock has been witnessing good buying interest for the past few sessions, and according to the market buzz, it is expected to show better price performance going ahead. It has been heard that some big market participants and some of the large domestic fund houses have taken long positions in the stock and are expecting it to move in the northward direction on expectations of a better performance in the June 2012 quarter. The stock can be looked at from a short-term trading perspective.
HINDUSTAN PETROLEUM CORPORATION
BSE Code: 500104
CMP: Rs 336
Readers may wonder why this large cap has featured in this column. The high volumes and range-bound movement of the stock has motivated many big market participants and HNIs to take long positions in it. The cooling of crude prices in the international markets has attracted many punters and jobbers, who are taking a keen interest on an intraday as well as on a short term delivery basis. The stock can be looked at for short-term trading gains.
KAVERI SEED COMPANY
BSE Code: 532899
CMP: Rs 831
There has been a spurt in volumes on the counter in the past few trading sessions. However, the price movement has remained in a range, suggesting that the stock may witness some north-bound movement in the short term. Many traders are betting big on the stock. There is also a buzz among the market sources that the stock is witnessing some buying interest from the promoters, which may act as a positive trigger for it. One can look at the stock from a short-term trading perspective.
L&T FINANCE HOLDINGS
BSE Code: 533519
CMP: Rs 43
The stock is witnessing volumes on the higher side. However, the price movement is not that much, and it has been consolidating and witnessing a range-bound move. It is heard that the company has caught the eye of many investors, who have taken long positions in the counter. This is likely to act as a trigger for the price, which may witness a good northward move. Market sources also suggest that long positions have been created in the stock by some big market participants. The stock can be looked at for some short-term trading gains.
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