Hope you are doing good, your views are quiet benefitial to many boarders including me and.
I`d like to have your views on DCM, I have some investment in it. It is currently trading at its Book Valve and is a profit making Company. Further more it has also got some land property.
If you can guide me with this script i`d be oblidged, I wish to invest a bit more in this company.
DCM Ltd is a diversified company that has four businesses: textiles, IT infrastructure services and software development, real estate and leasing/financing.
The company has TTM EPS of 4 and quotes at nearly 10 PE. It has no rapid growth forecasts for any segment of its business.
However, traditionally in a bull market, the scrip has been getting higher than 10 PE. Technically too, the share price can continue to move up in future interspersed with corrections.
If you have already invested in this share, I would suggest that you retain your investment. However, if you have more money to invest, it may be better invested in another company with more visible and rapid growth prospects.
I did not mean to say that there are fundamental issues about paper stocks - just that paper manufacturing companies mostly do not find the dynamic growth path that some other sector stocks can propel themselves into.
However, BILT seems to have a fundamental (50% capacity expansion going on stream shortly) and technical trigger (breakout from an ascending triangle pattern) in the short term for an upmove.
Dear PRJ,
I follow and value your recommendations keenly. I am benefited in Century Enka 1100 @ 195. This has moved up by 100. Also picked up 3000 Electrosteel @ 50.11. I want your guidance on Ramsarup Ind. Should I pick up 3000 at CMP? What is the one year target? Or do you suggest some other stock for strong growth in one year or more. Thank you for your kindness.
Hope you are doing good. PSL has been showing good movement lately. But is facing some kind of resistance around 188 ? What short term targets does your study suggest.
I am doing fine. Hope the same with you and your family.
WISH YOU A HAPPY AND PROSPEROUS NEW YEAR!
On a closing price basis, the resistance is at Rs.179, which should be overcome soon because the volumes are high when this resistance is being approached.
Beyond Rs.179, there is a strong resistance in Rs.194 - Rs.225 band. Beyond that Rs.280 is the next target.
Stay invested (book only profit portion on very sharp rises and buy back on corrections, if you believe in that technique) in this stock for the long term.
Thank you so much for your reply and I wish you and your family a very very Happy and Prosperous New Year too.
Hope all your investments are doing great.
With regards to PSL, I have bought my desired Qty and intend to sit still for the next 3-5 yrs as I see a lot of action in this space in the coming years.
Thank you once again and wish you all the luck in your investments.
| NIFTY 
