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Wednesday, July 12, 2017
Winning Strokes: Think Different
1. Rolta India Ltd (Rs.60.20) moved to Rs.65.40 yesterday. The stock was recommended some days back at Rs.51.70-51.50 and later when it moved to Rs.53-54.85 profit booking was suggested, with future entry above Rs.54.70. Hope, you have made some money in the scrip.
2. Unitech Ltd, tanked to Rs.7.55 yesterday in the NSE, after touching an intra-day high of Rs.8.55. The scrip if you remember was recommended around Rs.5.05-5.25, some weeks back. Hope most of you who entered above Rs.6.50, make a short term killing in the scrip.
3. My recently recommended Reliable Defense and Engineering Ltd (Rs.62.10) moved to Rs.64.10, in the NSE, yesterday. Narendra Modi's maiden visit to Israel has brought positive sentiments in defense related stocks among the investors; as the Prime Minister has clocked and locked deals and has firmed up economic ties with the technologically advanced and innovation-driven nation. On the other side, his Israeli counterpart Benjamin Netanyahu announced the establishment of a $40 million innovation fund to promote technological cooperation between India and Israel. Reliance Defense is now a huge company in the defense sector, and the Stock could cross Rs.100 in the medium term - remain invested.
4. Those who had entered Future Enterprises Ltd (Rs.34.30) at around Rs.18-18.50, can book profits and exit the counter. You can again take entry above Rs.38.50.
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