PSU banks started moving..today lots of banks moved up..central bank jumped 10%. u can expect 20-40% run in small psu banks. as they are trading below book value and PE just 2-3 range.
The technicals as per chart have suddenly gone weak. Actually this is not surprising, since traditionally, this stock has been following the weakness or rise in the overall sensex pretty consistently.
The technicals as per chart have suddenly gone weak. Actually this is not surprising, since traditionally, this stock has been following the weakness or rise in the overall sensex pretty consistently.
Dear chief – When I gave the buy call bartronics trading below the 100/- today it is trading around the 180/-. There is some news that government issuing the Unique ID number instead of the card which is negative news for the bartronics. If this news is right then for short term bartronics will correct as it is priced-in the unique id card news. But the long term story of the bartronics is still intact but the valuations are the concern at this point of time.
Tara and Be and Make - I think you are partially right. The unique ID no. is a pre-cursor to issue of ID Cards. The government has announced only the first phase of the project - which is determination of a numbering scheme and this is the mandate given to Mr. Nilekani. You are right from the point of view that the valuation currently seems to be on the higher side as the cards issue process will begin only after the numbering system is defined. That means a time frame of another 12-18 months.
| NIFTY 
