- Textiles and
- Real Estate.
3rd Cross Kammanahalli
BANGALORE 560084
Mobile / Whatsapp -08105-737-966
intellinvestor@gmail.com
www.twitter.com/SmartInvestor
Time Span | Price | Change | %Change |
Today | 139.10 | -1.40 | -0.99 |
Week | 141.25 | -0.75 | -0.53 |
Month | 110.90 | 29.60 | 26.69 |
Three Months | 99.75 | 40.75 | 40.85 |
Six Months | 78.55 | 61.95 | 78.86 |
The stocks of Ramky Infra, took a severe battering in today’s trading, as all these Hyderabad-based entities are now under CBI scanner.
All are Hyderabad based listed entities now under CBI scanner.
These stocks in particular were apparently reacting to the recent investigations initiated by the CBI into companies owned or promoted by Mr Y.S. Jagan Mohan Reddy, Member of Parliament, and president of YSR Congress Party and son of late Chief Minister of Andhra Pradesh, Rajasekhara Reddy.
Following the Andhra Pradesh High Court directive, the CBI, is investigating into issues relating to transactions of corporates with which Mr Reddy and his firms, and the investments they had made to secure land to set up special economic zones, etc.
The shares of Ramky Infrastructure closed the day's trade at Rs 227.05 down Rs 42.95 against previous day's closing trade of Rs 270. The company's 52-week high and low was Rs. 460 and Rs 242.70 respectively
The scrip has been underperforming in line with the infrastructure space. The following information gives information the returns in the last 6 months.
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Particular | Week | 1M | 3M | 6M |
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Price | 283.60 | 283.50 | 260.00 | 295.05 |
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Net Change | -56.55 | -56.45 | -32.95 | -68.00 |
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%Change | -19.94 | -19.91 | -12.67 | -23.05 |
Time Span | Price | Change | %Change |
Today | 175.55 | -17.00 | -8.82 |
Week | 200.85 | -8.30 | -4.13 |
Month | 219.55 | -27.00 | -12.29 |
Three Months | 230.05 | -37.50 | -16.30 |
Six Months | 256.00 | -63.45 | -24.78 |
One Year | 363.85 | -171.30 | -47.07 |
Time Span | Price | Change | %Change |
Today | 83.15 | 3.95 | 4.98 |
Week | 93.50 | -14.30 | -15.29 |
Month | 114.55 | -35.35 | -30.85 |
Three Months | 107.80 | -28.60 | -26.53 |
Six Months | 125.95 | -46.75 | -37.11 |
One Year | 216.40 | -137.20 | -63.40 |
We recommend a buy in the stock of Elecon Engineering Company from a short-term perspective. It is seen from the charts of the stock that it has been on an intermediate-term downtrend from its October 2010 peak of Rs 103. However, the stock found support at Rs 60 and bounced up sharply in February 2011, triggered by positive divergence in daily moving average convergence divergence.
Thereafter, long-term support at Rs 65 consistently cushioned the stock in March, May and June and arrested it from declining further. Triggered again by positive divergence in daily MACD and backed with significant support at Rs 65, the stock changed its trend from a short-term perspective. On Monday, the stock jumped 4 per cent with extraordinary volumes, conclusively breaking through its short-term down trend and its 21 as well as 50-day moving averages. Daily relative strength index has entered in to the bullish zone and weekly RSI is inching higher in the neutral region. The daily MACD has signalled a buy.
We are bullish on the stock from a short-term horizon. We expect it's up move to continue until it reaches our price target of Rs 74.5 or Rs 76.5 in the ensuing trading sessions. Traders with short-term perspective can buy the stock with a stop loss at 62 for a target price of Rs.100 in the next 5 months period.
The stock has not lost much during the recent melt down where both sensex and nifty lost close to 10%
Time Span | Price | Change | %Change |
Today | 70.55 | 1.00 | 1.43 |
Week | 73.40 | -3.85 | -5.24 |
Month | 77.15 | -7.60 | -9.85 |
Three Months | 65.65 | 3.90 | 5.94 |
Six Months | 74.10 | -4.55 | -6.14 |
One Year | 89.20 | -19.65 | -22.02 |
Bought to you by
Ingenious Investor
Equity Research Division
Ravina Consulting
Pattamal Plaza
3rd Cross Kamanahalli
BANGALORE 560084
For Free Stock Advise + Ideas
sowmya@ravinaconsulting.com
Talk / SMS 08105737966
Read - www.ingeniousinvestor.blogspot.com
Follow us - www.twitter.com/smartinvestor
Investors with medium-term perspective can consider buying the stock of Jyothy Laboratories (Rs 216.6), a household products manufacturer. Since bottoming out in October 2008 around Rs 42, the stock has been on a long-term uptrend. However, after registering a life-time high at Rs 321 in October 2010, the stock reversed direction.
It was on a corrective decline until it found support at its long-term base level in the band between Rs 190 and Rs 200 in early February 2011. This support band is just above the stock's 50 per cent Fibonacci retracement level of its prior up-move. The stock has been taking support from this band consistently since February this year. The stock price movement since then has been a sideways consolidation phase in the broad range between Rs 190 and Rs 240.
On June 17, the stock surged more than 7 per cent with good volumes breaching its 21- and 50-day moving averages as well as its downtrend-line that was in place from late October 2010. The daily relative strength index has entered in to the bullish zone from the neutral region and weekly RSI is rising higher after bouncing higher from 40 levels. Both daily as well as weekly moving average convergence divergence indicators have signalled a buy. The daily price rate of change indicator has entered in to the positive territory indicating buying interest.
The stock has been giving steady returns to investors during the last 1 year and is likely to do better going forward
1 week | 2 week | 1 month | 3 month | 6 month | 9 month | 1 year | |
Price | 241.70 | 217.65 | 204.15 | 212.25 | 237.50 | 305.25 | 282.85 |
Gain / Loss | -1.63% | 9.24% | 16.46% | 12.01% | 0.11% | -22.11% | -15.94% |
SMAs
Days | BSE | NSE |
30 | 219.80 | 219.70 |
50 | 214.14 | 214.03 |
150 | 224.93 | 225.09 |
200 | 238.82 | 238.98 |
Our medium-term outlook on the stock is bullish. We believe that Jyothy Laboratories has the potential of moving upwards in the medium-term and touch our price target of Rs 260, following a small pause around Rs 240 levels. Investors with medium-term horizon can consider buying the stock with stop-loss of 200 for a target price of 260
Bought to you by
Ingenious Investor
Equity Research Division
Ravina Consulting
Pattamal Plaza
3rd Cross Kamanahalli
BANGALORE 560084
For Free Stock Advise + Ideas
sowmya@ravinaconsulting.com
Talk / SMS 08105737966
Read - www.ingeniousinvestor.blogspot.com
Follow us - www.twitter.com/smartinvestor
We recommend a buy in the stock of Reliance Broadcast Network from a short-term perspective. It is seen from the charts of the stock that since encountering resistance at Rs 120 in November 2010, the stock was on a medium-term downtrend. It then found support around Rs 61 (a key long-term support level) in early February. The stock subsequently changed its direction triggered by positive divergence in daily moving average convergence divergence.
The stock took support from its key level at Rs 61 and rebounded in mid-May this year. Since then, the stock has been on a short-term uptrend. On Thursday, the stock skyrocketed nine per cent accompanied by good volume, emphatically breaking through its down trendline that was in place since last November. Moreover, the stock has breached its 21- and 50-day moving averages.
The daily relative strength index has entered the bullish zone and weekly RSI is inching higher in the neutral region. Daily MACD is on the verge of entering the positive territory from the negative.
We are bullish on the stock for a short-term horizon. We anticipate that the stock will move higher until it reaches our price target of Rs 77.5 or Rs 80 in the days ahead. Traders can buy the stock with stop-loss at Rs 73.
The following details show the kind of returns the scrip giving to its investors for 1 year time frame
1 week | 2 week | 1 month | 3 month | 6 month | 9 month | 1 year | |
Price | 81.50 | 80.30 | 80.05 | 77.65 | 80.90 | 98.00 | 66.80 |
Gain / Loss | 4.42% | 5.98% | 6.31% | 9.59% | 5.19% | -13.16% | 27.4% |
For technical chartists the following SMAs should give an indication of support and resistance levels
Days | BSE | NSE |
30 | 80.67 | 80.60 |
50 | 76.04 | 75.97 |
150 | 75.51 | 75.53 |
200 | 80.06 | 80.07 |
Investors having a very high risk appetite should buy the scrip at all declines and add to their portfolio for a target price of 96
Bought to you by
Ingenious Investor
Equity Research Division
Ravina Consulting
Pattamal Plaza
3rd Cross Kamanahalli
BANGALORE 560084
For Free Stock Advise + Ideas
sowmya@ravinaconsulting.com
Talk / SMS 08105737966
Read - www.ingeniousinvestor.blogspot.com
Follow us - www.twitter.com/smartinvestor