KERBSIDE

Currently the stock is trading in a range. However, according to the market buzz, the stock is expected to show good price movement in the near future. The punters are playing their part to renew interest in the stock. It has also been learned that some big HNIs have taken long positions in the stock and are expecting the stock to move in the northward direction. The stock can be looked at from a shot-term trading perspective.

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The stock prices have been scaling higher along with rise in the volumes in the past few trading sessions. There is strong buzz going in the market that the stock is likely to see jump in the prices in the short term on the back of some positive announcement that is expected to come out shortly. Therefore the stock can be looked at from a short-term trading perspective.

After a higher than expected rate cut by the RBI in its policy review meet as on September 29, 2015 the interest of HNIs and domestic funds has started to build up in the rate-sensitive realty stocks. Oberoi Realty is a Mumbai-based realty company; there are multiple triggers for the stock prices to surge higher in near term as suggested by the sources. The company is eyeing a launch at Borivali during an auspicious period in October-November and its Mulund Phase II project is expected to be launched soon as the approvals have already been received.

The stock has managed to outclass the benchmark indices in recent times and it’s likely to move further, as per our sources. This will be on the back of the government effort’s on improving the health of the sickening state electricity boards (SEBs). These reforms will help the SEBs to become financially stronger, allowing them to purchase more power from generation companies, many of whom are faced with under-utilised capacities. This move will improve the financial health of the SEBs and in turn will improve the asset quality of PFC.