Informed Intelligence
PROMISING HARVEST
UNITED PHOSPHORUS
BSE Code: 512070
CMP: Rs 137
Volume: 302000
The volumes in this counter are clearly on the higher side and the price of the stock is also on an upward trajectory. According to market sources, more buying is likely to come up in this counter in the short term. One of the largest domestic broking houses with a presence in both retail and institutional side is pitching high on this counter and is marketing the stock all out, which is likely to push the stock up. Some big HNIs have already taken good positions in the stock. One can look at the stock from a short-term trading perspective.
A GOOD BET
INDIAN BANK
BSE Code: 532814
CMP: Rs 215
Volume: 720000
The volumes have improved significantly on this counter. The stock has been witnessing good buying interest over the last few sessions, and it is expected to go further up. According to market sources, some big market participants and some of the big domestic fund houses have taken long positions in the counter and are expecting the stock to move up. It can be looked at from a short-term trading perspective.
STRONG BREW
MCLEOD RUSSEL INDIA
BSE Code: 532654
CMP: Rs 352
Volume: 18000
A surge in volumes over the last few trading session suggests that something big may be cooking in this counter. According to market sources, the stock may witness a good jump in the short term as some big punters have already taken positions in the counter. Their position buildup is based on the fact that the company’s fundamentals are likely to witness an improvement. This improvement is likely to happen on the likelihood of the prices of tea going up. The stock can be an ideal candidate to make short-term trading gains.
ON AN ASCENDANT
SUN TV NETWORK
BSE Code: 532733
CMP: Rs 442
Volume: 104000
The counter has been moving up and down for quite some time now. There has been good accumulation of the stock over the past one week, and that is quite evident in the increased volumes. Our sources suggest that some large institutions are taking a keen interest in the stock and have been accumulating it on expectations of the promoters getting more active in the company. Recently, the Marans have pumped in around Rs 200 crore in another of their ventures (SpiceJet). The stock is likely to witness an upward move in the short term.