Time for Construction stocks ?

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  #1  
Old 26th April 2007, 01:07 AM
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Default Time for Construction stocks ?



Hi All

The Construction stocks were under the bear grip for long. Now it does look like things are better for these ones.

The Sector chart does indicate start of an intermediate uptrend. Some of the construction stocks show bullishness in the last few session, notably HCC, IVCRL, Unitech with increased volumes.

So time to ride the construction stocks?? Any views…

Sector chart enclosed..

Regards

Karthik

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File Type: png Construction.png (28.8 KB, 64 views)
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  #2  
Old 26th April 2007, 09:44 PM
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Default Re: Time for Construction stocks ?

I agree with u , Karthik

Maybe u can also post some individual charts so we can shortlist

AGILENT

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  #3  
Old 26th April 2007, 10:49 PM
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Default Re: Time for Construction stocks ?

Hi Agilent

Nice to see you on this thread...

Yes it will be a good idea to shortlist. I do hope there will be more participation. My idea was lot of intraction so guys can decide for themselves instead of just... buy at ... S/L ... etc.

Here i go with the first chart.. Ivrcl..

regards

karthik

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  #4  
Old 26th April 2007, 11:09 PM
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Default Re: Time for Construction stocks ?

I think 306 odd shud be a good entry point as well as s/l for IVRCl.

Warm Regards
Amit

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  #5  
Old 26th April 2007, 11:17 PM
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Default Re: Time for Construction stocks ?

Hi Amitt

How are you my friend...missing the good old chat room days..

True 306... may be 308...that was the my old Mabiuts says ..

regards

Karthik

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  #6  
Old 30th April 2007, 06:27 PM
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Default Re: Time for Construction stocks ?

Hi Karthik,will come to chat room today at 10pm IST.
Seems our 308 held out on IVRCL.Had discussed with Vish too on that.Good Call.

Warm Regards
Amit.

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  #7  
Old 30th April 2007, 08:15 PM
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Default Re: Time for Construction stocks ?

IVRCL is demerging its RE arm into a separate company. This will result in some value unlocking (sum of parts being greater than the whole. Look what happened in GE Shipp)

Amongst the other biggies,

NAGARJUNA has the best valuations.

PARSVANATH has shown some strength amidst Friday's free fall (has better valuations than Unitech ).

This is off-course a Fundamental perspective Add Technicals for trading.

Regards,
Kalyan.


Last edited by kkseal : 30th April 2007 at 08:33 PM.
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  #8  
Old 30th April 2007, 08:29 PM
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Default Re: Time for Construction stocks ?

And here are some of the smaller ones i like :--

1) ERA CONST (tremendous growth. Excellent valuations. Has successfully forayed into the Rly. segment which has the potential to project it into the big league as no dearth of orders in this segment for the next decade with all the freight corridors, speed corridors, gauze conversions etc.).

2) RAJESH EXPORTS (Apart from it's strong, solid core business of gems & jewellery, the company also has land & has set up a RE arm. It's also setting up jewellery retail stores both domestic & overseas. That makes it a triple play. Such combi plays often give good returns. Look at Century Textiles & Bata).

3) BSEL INFRA (High growth. Has rental properties providing a steady stream of income. But low promoter holding. So strictly for ST trading).

Another kind of 'construction' stks i like is the duo from the shipyards sector - ABG & BHARTI.

Incidentally (& though irrelevant here) two other beaten down sectors - Auto-Ancilliaries & Logistics - have also shown some strength amidst Friday's fall.

Regards,
Kalyan.

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  #9  
Old 2nd May 2007, 07:30 PM
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Default Re: Time for Construction stocks ?

Quote:
Originally Posted by karthikmarar View Post
Hi Amitt

How are you my friend...missing the good old chat room days..

True 306... may be 308...that was the my old Mabiuts says ..

regards

Karthik
Oops, Uncle is back from holiday. How u doing KArthik? On my watchlist now

Raj

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