Polyplex Corporation Ltd
Strategy : Hold
CMP -: Rs. 775.40 +36.90 (+5.00%)
Stock Recommendation : The company seems to be a promising company in the sector. The company is bullish on plants in Thailand, Turkey and India. Its new facility which has been commissioned will reflect in the second half numbers of this financial year.
South Indian Bank Ltd
Strategy : Hold
CMP -: Rs. 24.65 +3.05 (+14.12%)
Stock Recommendation : We are overweight on the mid-cap banking space, not the entire banking space. This bank has a good expansion plan for FY11 and we expect margins to improve on improving CD ratio and strong liability franchise.
Indraprastha Gas Ltd
Strategy : Accumulate*
CMP -: Rs. 319.20 +3.75 (+1.19%)
Stock Recommendation : The stock is in a long-term uptrend but is in a technically overbought zone. Wait for a correction to buy the stock. An investor can accumulate the stock at 265-220 on corrections.
Tata Chemicals Ltd
Strategy : Accumulate*
CMP -: Rs. 406.90 +10.65 (+2.69%)
Stock Recommendation : An investor can buy the stock on dips, at 360-370 levels. The fundamentals are good and it has a strong parentage. Soda ash prices are stabilizing due to a shortfall in production in China. If gas supply starts to the chemical sector, the stock could be re-rated.
Note-: * ACCUMULATE IS THE STRATEGY FOR BUYING THE SHARES OR LOTS AT EVERY DIPS IF OVERALL TREND OF THE STOCK & DERIVATIVES IS BULLISH.
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