ELDER PHARMA.... acha profitbooking ho gaya aaj. What do u guys have to say about ORCHID Chemicals and pharma?
Man!!! elder pharma was some stock today, 20 % up, wish any of my stocks move up so much in a day.
I was told to buy Sun Pharma, yes the stock been moved up but dont think the demerger of its RnD biz with its main com. has been factored into the price.
Anyone has a clue about why Praj Ind is movng even at this price. Me bought it @ rs 112 and celebrated when I sold it @ rs 148.00 in about 3 months but the stock doubled in 6 months!!! And got some news that "Praj Industries secures orders for fuel Ethanol projects in India worth Rs 750 mn".". Think that stock still got some upside.
I brought 1000 shares of 3i infotech at Rs 114 in November 05. It suddenly felt from Rs 160 to Rs 114 and it was good buying opportunity. Still holding the stock at today current price of Rs 212.
Subex system is trading at PE of 35. 3i infotech is trading at PE of 12. It is grossly undervalued and if companies manage to grow at 35% for next 2 years , it should be at Rs 795 upper range by March 2008.
BSEL infrastructure looks good. If its breaks resistance of Rs 109, It will settle at Rs 143.
For tommorow trading keep a watch on Goetze, mahindra gesco, NALCO.
i think rpl is a good bet to hold for.........if u think there r oother more valuable stock then rpl...then hold for few days........it will easily five 105-110......
also look for zodiac clothing.....(company performing exceptionally well)......cmp.(270)...can reach 310 by the end of month
viceroy hotels....a good stock to hold for 3 monts.....(hope for 70-80pc profit)
gmr industries...(just look at its performance in last 4 trading session i.e. from firday....it was always 15-20 rs up......)...its also good for intraday
orchid is a good pick......go for this stock in futures...has a strong support frm sharekhan
about genus overseas..how do you get it man..when it's hitting the upper circuit as soon as the mkt. opens. i mean how to bite it man...!!??
i purchased RPL at 86.2. today it's trading aropund 78. i can hold it for max. 2 months i.e. end June. can i expect my price to be recovered or should i book losses??
1) If a stock is going to be listed tomorrow, the new is given by the exchange today evening. Then can we put in a request at out ICICI direct account to buy the stock as soon as it opens. Or there is some other mechanism which goes into buying the newly listed stock?(something like IPOs)?
2) Now once we have bought it, can we sell the stock any time on the first day of trading itself? Like this stock GTNTEX was listed today. It opened at 66, and went to a high of 80. Say if i wanted to buy this stock and yesterday evening i had put in a request to buy it, then will i get it at 66? And could i have sold it, when it was at 80?
Does it mean that the first share bought by an invested costed him/her Rs. 66 and not Rs. 10??
Have bought Dewan housing .. and has returned me 10% over the past 3 days ... lets see will sell it today... coz it has already started fluctualting a lot.
A setback in global markets due to prospects of further increase in US interest rates and continued sales by FIIs would pull the market down today. FIIs sold shares worth a net Rs 466.55 crore on Tuesday the day when the Sensex had jumped 344 points, in global recovery. There was heavy selling by FIIs recently. In four trading sessions between 11 May to 16 May, FIIs sold shares worth a net Rs 2442.30 crore. As per latest data, US consumer prices rose faster than expected in April, provoking concern that interest rates would climb further in the United States and lure capital away from emerging markets.Meanwhile, mutual funds stepped up buying during the recent market fall. They bought shares worth a net Rs 334 crore on 16 May.
The worst feeling in the world to wake up and watch the index down a whopping 887 POINTS!!!!!!!!!!!!!!!!!:wow: Yesterday I posted about having a stock that would go up 20% and today i have each stock down 7-8%. Since last thursday sensex down 10%. These are horrific figures.:(
With today's losses now not sure if I have the strenght even to post....:satisfie:
But like again many stocks are at 1 month lows given the run up we had in various stocks. And this was inevitable the way we kept moving in no relation to valuations
@satyensk, Yeah I think as well that it is a good oppurunity to buy into stocks like ITC, rcvol and even HINDAL with the crash it has seen.
and small update the LME has recovered and index's are with regards to metals are up now. Maybe just bargain hunting.
Guys wait for this week to over.Maybe 2morrow u can get a more low price than today.moreover this week trades are very volatile.Anything can happen.Wait for this week to over. very very volatile. Intraday fall 890 points. So cross ur fingers friends before investing.
YAAR, if this is correction, it is good. hope it is not something else. i guess it is not too late to sell everything else off. BTW, should one be bullish in the longrun or :satisfie:
YAAR, if this is correction, it is good. hope it is not something else. i guess it is not too late to sell everything else off. BTW, should one be bullish in the longrun or :satisfie:
Just heard that the fall was also triggered by some circular the FII' S would be taxed around 40% or so. Not sure about the fine print or the exact implications but what's confirmed is that a circular to that effect has been passed around.
Cant call this a correction cause its not selling on a valuation basis, profit booking or whatever.... but a knee jerk reaction
Also just watched on CNBC that heavy selling came in the last 1 hr. cause of heavy selling in order to recover the margins with the stocks that were placed in banks and since margins the could not be recovered, stocks were liquidated.
Me still bullish on the long run dont see any reason otherwise, these are just trading triggers which are inevitable in every market, stop loss levels broken, the CBDT circular..... But yes the short term is a clear NO. Very difficult to call anything now but its better to err on the higher side than be caught on the lower levels.:satisfie:
Hi This is not just a correction. This is the trigger to a sustained bear Trend. We will see some uptrends tmrw and even next week. But slowly the bearish ness has set in.
The culprit for todays fall have been two fold (JP MOrgan source): 1. 200 points attibuted to global trends 2. 600 points to Impending Bond auction by RBI. Rate Hikes by RBI&Fed;, CPI numbers, and most importantly the latest CBDT issues.
For tommorrow, expect 2% correction till noon as brokers will be faced with fund clearing issues of their clients .....but after noon we will see some uptrend.
It was a scray session at the markets today with sensex registering its highest single day fall in the history of stock market. Therewas mayhem all around with stock prices plummeting on the trading bolts. It was red everywhere.
Today's fall can be attributed to following factors:
Heavy selling by FII's in view of government's plan to consider FII's earnings as a business income and not as capital gains. Currently long term capital gain is exempted from tax and short term gain is taxed at 10%. The proposal if brought would mean a tax rate of 40% for the FII's. Another big factor dragging the markets down was the exteremely weak indicators from the global stock markets specially the asian markets. To add to the woes were the disappointing results from Tata Steel and Punjab Ntional Bank.
What should the investor do now ?
The first thing to do is not to repeat the mistake that investors made on May 17, 2004. Those investors who had the courage to hold on to their stocks during that black monday were jumping with joy within six months. Those investors who used the opportunity to enter at those levels were rewarded with excellent returns
Have bought Dewan housing .. and has returned me 10% over the past 3 days ... lets see will sell it today... coz it has already started fluctualting a lot.
dewang housing falls... and clears off my two days profit ... unfortunately was watching a movie at that time. will have to start from scratch tomorrow 😞
MARKETS DOWN 887 POINTS!!!!!!!!!:wow: 