Informed Intelligence
HEALTHY PROSPECTS
FORTIS HEALTHCARE
BSE Code: 532843
CMP: Rs 107
Volume: 24000
The stock is witnessing good volumes, but the price movement is not appreciating much and has been consolidating and witnessing a range bound move. It is heard that the company has caught the eyes of many investors who have taken short-term long positions in the counter. This is likely to act as a trigger for the price, which may witness a good northward move. The stock can be looked at for a short-term trading gain.
VALUED SERVICE
INDIAN HOTELS COMPANY
BSE Code: 500850
CMP: Rs 61
Volume: 82000
The stock is witnessing a good buying interest for the last few sessions and is expected to show a better price performance going ahead, as per the market buzz. According to market sources, it is heard that one of the foreign fund houses have taken long positions in the stock and is expecting the stock to move in the northward direction. Also, in the last three quarters, the FIIs have increased their stake substantially, which is also a positive trigger. The stock can be looked at for a short-term trading perspective.
REFINING GAINS
CHENNAI PETROLEUM CORPORATION
BSE Code: 500110
CMP: Rs 140
Volume: 9047
The stock has been witnessing better volumes in the last few sessions and has remained very active among traders in the last week. According to market sources, the stock is likely to witness an upward move further from its current levels. Domestic fund houses and big market participants have entered the stock and expect some positive announcement from the management that may induce further positive vibes. This will take the prices northwards. Therefore, the stock can be looked upon for a short-term trading gain.
OILING PROFIT
ESSAR OIL
BSE Code: 500134
CMP: Rs 91
Volume: 1290000
If we go by the movement of the counter, it has seen volumes that are clearly on the upper side and the price movement of the stock is also witnessing a northward journey. This movement is seen after the reforms in the Oil & Gas sector. According to market sources, the stock is likely to witness more buying in the short-term, as one of the renowned investors has entered the stock, which could further give a boost to its performance. Some big HNIs have already taken good positions in the stock and are in no mood of selling it on an intraday trading. One can look at the stock for a short-term trading perspective.