1.Era Infra Eng CMP Rs.16.90 on 30.4.14
It is a construction company and as you are already aware that infra structure sector has been going through a bad patch for last 3-4 years therefore all the companies in the sector got affected financially and in terms of share prices also.The share price of the company had a high of Rs.243.80 made on 14.9.2010 and a low of Rs.12.20 made on 6.3.2014.The company is presently making losses but now they are in a financial revamping mode and their CDR proposal (Corporate Debt Restructuring ) has also been approved .Furthermore if the economy starts looking up which I am sure it will in near future then it is the industry to reckon with.The company has a turnover of around 3900 Crore ,so it is for sure that the co is here to stay and not going to vanish, it may take some time to regain financial health but I am sure it will come out of it with flying colors in near future.
RECOMMENDATION:- Buy for a time period of 2-3 years ,it could be a multi bagger
REMARKS:- Invest at current rate or decline with a stop loss of Rs.11,for a target of at least 100.
2.Indian Overseas Bank CMP Rs.61.85 on 30.4.14
The bank has given superb financial performance and technically also looking extremely good,the stock has made a all time high of Rs.227.45 on 7.1.2008 and a recent low at 37 on 19.8.2013.I feel that the stock has already bottomed out and ripe for a decent up move.
RECOMMENDATION:- Buy some quantity at current rate and add on decline with a stop loss of Rs.49 for 50-100 % return in 1-2 years time frame.
REMARKS:- strongly suggest to buy.
It is a construction company and as you are already aware that infra structure sector has been going through a bad patch for last 3-4 years therefore all the companies in the sector got affected financially and in terms of share prices also.The share price of the company had a high of Rs.243.80 made on 14.9.2010 and a low of Rs.12.20 made on 6.3.2014.The company is presently making losses but now they are in a financial revamping mode and their CDR proposal (Corporate Debt Restructuring ) has also been approved .Furthermore if the economy starts looking up which I am sure it will in near future then it is the industry to reckon with.The company has a turnover of around 3900 Crore ,so it is for sure that the co is here to stay and not going to vanish, it may take some time to regain financial health but I am sure it will come out of it with flying colors in near future.
RECOMMENDATION:- Buy for a time period of 2-3 years ,it could be a multi bagger
REMARKS:- Invest at current rate or decline with a stop loss of Rs.11,for a target of at least 100.
2.Indian Overseas Bank CMP Rs.61.85 on 30.4.14
The bank has given superb financial performance and technically also looking extremely good,the stock has made a all time high of Rs.227.45 on 7.1.2008 and a recent low at 37 on 19.8.2013.I feel that the stock has already bottomed out and ripe for a decent up move.
RECOMMENDATION:- Buy some quantity at current rate and add on decline with a stop loss of Rs.49 for 50-100 % return in 1-2 years time frame.
REMARKS:- strongly suggest to buy.
NOTE:-1.PRICE STATED HERE IS OF
SPOT MARKET.
2.RECOMMENDATIONS
ARE VALID TILL THE STOP LOSS IS TRIGGERED.
3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES
FOR MAXIMUM GAIN AND CAPITAL PROTECTION.
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