Hi Raj,
Can you throw some light on Omaxe, Godavari Power and Madhucon? I`m stuck in Omaxe at 126, Godavari Power at 171 and Madhucon at 119. Also how about Bajaj Hind.,Essar Oil and NMDC? In CNBC Awaaz tonite, Sudarshan Sukhani gave a target of 1000, yes 1000, of NMDC in short term -say 3 months.
Waiting for your inputs.
Thanx...
Ambarish.
When you have bought Madhucon at 119 and now it is quoting 139 you are at profit. Still I am betting on Madhucon. I hope it will easily touch 160-170 shortly. But you should book profit at the level unless you have the capacity to take further risk.
In the real estate space, due to poor results and consequent market correction, most of the stocks have shed 20 percent to their recent high. This is a short term phenomena. With 3-6 months period, this price will hardly be found. So it is better to stay invested and buy at low. One thing I suppose to mention is that Parsvnath looks extremely postitive to me in the short span. I have kept a target of 160 by the end of this year. You see what happened in Orbit.
Same is with Godavari. You should have taken at least some at 128-130 level. We have to wait. Regarding NMDC it is rising on account of divestment news. I do not play on this and as such has no comments to offer.
OBC Target has been again revised upwards at Rs. 361.00 per share by Motilal in its recent report on the Banking sector " Still at Discount". Motilal has identified 7 banking stocks which can give returns from 30-53%.
OBC has delivered more than 50% returns in the last two and half months and is still going strong. As i have seen, the first target was 235, which was revised upwards to 275 and then 325 and now 361. I am sure with improved performance from OBC over the next few quarters, it is surely to regain its lost glory.
Dear Satish,
OBC is definitely hit the target. Once it crosses 310, it can ride the way quickly. In the meantime could you please mention the 7 banking stocks which Oswal has identified.
Have you ever studied the stock Om Metals & Infra. I find it to have a very promising future and have bought in huge qty . It has been consolidating in the range of 28-31 for the last two months.
| NIFTY 
