Building Up A Portfolio At A 7000 Level

I think you should book partial profits.

Thanks and Regards
Supratik

I am holding 150 shares of shree renuka sugars @ 445 . should i hold them or sell . any advice please

Hello Supratik,
This is my first posting on traderji.
I have been following both your and Narendra's posts on this thread.
Thanks for all the valuable tips.

I would like to know what you both feel about Cairn Energy?
It has had a bad debut on the bourses after its IPO. And its down to 135 now.
Is this a good long-term pick (considering its in the energy sector) ?
Please advice.

A warm welcome to the forum.
My view of Cairn Energy would be limited. Yes the debut has not been charming (it was expected). I remember some institutional investors refrained from the IPO (I cannot recollect exactly).
I think we should wait for some time to take position in this one. From a long term perspective it may be good but let us wait and watch for some time – atleast for a quarter.

Thanks and Regards
Supratik

The whole market is down for more than 4 days and it is continuing today also.
We may get the future trend tomorrow, after Infosys announces the results.
So, it is not a good time to look at the share price and decide about the stock.
Even Suzlong energy has gone down to 1200 levels again!

Hope Infosys will announce good quarter results and also better prospects for the next quarter. That will take the market to next level and all our holdings will again take wings and fly

Narendra, my outlook on Infosys would be meet expectation – may be on the lower side. The slow down in US economy is an impending danger to such service companies. The fall in USD is another major concern. I think even if the results are good the outline for the next quarter will not be impressive.
On the market side, the heavy selling for the continuous days is not a good sign. This is not any opportunity to buy but to consider where we are heading. If the quarter results of the biggies are not convincing we may have to see a sub 12000 level.
The intent of all investors in the market currently is a wait and watch. It is definite 2007 will in no way be as 2006 that’s impossible (good ofcourse if I am wrong). I think a fall in the crude price will bring down the inflation rate but the slowdown will also be reflected in the GDP. The complimentary part right now is how much percentage of each would be diminished.
The year 2007 would see a good churn din pharma (that’s not definite). Textile again could be beaten up because US is the major importer again. However, the change in the business structure that many companies have undertaken may get a slight reflection. I have already suggested a counter Sangam India at the 82-85 level. It is currently trading at 90 and I expect a 70% return on this counter in a medium to long term.
I am still bullish on construction (selective) and electrical equipments.
Power and Energy – my pick and fascination Suzlon again (although analysts say it is very expensive)
Cement should see a lower steam and I remain neutral on this one.

Anyway ‘the proof of the pudding is in eating’ so it better to realize our discussions with the quarter results.

Also just wanted to ask and thank you in parallel on your take on Pentium InfoTech. I had a 1/3rd sold today at 3.22
Your posts are always appreciated.


Hi All,

Updates on Decan Chronicle
Deccan Chronicle plans 1:5 stock split

Our Web Bureau / Mumbai January 10, 2007

Deccan Chronicle Holdings plans stock split in the ratio of 1:5, ie each equity share with a face value of Rs 10 to be sub-divided into five equity shares of Rs 2 each.

According to a release issued by Deccan to the BSE today, the company's board is scheduled to meet on January 19 to cosider the above proposal and also announce its third-qaurter results.


Thanks and Regards
Supratik

I am new to the stock market and I have invested on the below stocks as advised by my brokerage firm.

300 ITC @ 165
100 Indiabulls @292
100 Mphasis @ 291
100 Bharti Airtel @ 632
100 Tata Steel @ 483

Since I bought all these stocks have gone down. Pls. advise if I can hold these or book the losses.

Hi All,

Praj Industries recommended at 191-196 for short term traders is close to target of 240. I think it is still looking strong. The discretion to sell or hold is left to the discretion of the viewer.

3i infotech recommended at 180 currently tradeing at 234. Keep a target of 270-300 on this counter.

Thanks and Regards
Supratik

Narendra and Supratik,

Can I enter Pentium Infotech at current market price?

Thanks

Narendra your inputs please

Thanks and Regards
Supratik