Informed Intelligence

SOMETHING’S COOKING

INDRAPRASTHA GAS

BSE Code: 532514
CMP: Rs 282
Volume: 14000

The counter has witnessed range-bound trades over the past few weeks, but the volumes have been on the better side. Our market sources suggest that the stock is likely to move in the northward direction in the near term. Market participants are expecting some sort of positive announcement from the management, which will be value accretive for the company. Also, its result for the second quarter is expected to be better than that in the past few quarters. Investors can look at this counter for some short-term trading gains.

NOTE WORTHY

DENA BANK

BSE Code: 532121
CMP: Rs 49
Volume: 800000

The public sector banking space has not been in the limelight for the last quarter. However, the volumes seen in the counter in the past few trading sessions are pointing at something different. Many large broking houses are promoting this stock and are pitching it higher than all its peers in the recent past. It is also heard that some large HNIs have already taken a position in the counter and are hoping to see a better run in the stock in the near future. Investors with a high risk appetite can look at this counter for short-term gains.

B’RING IT ON

IDEA CELLULAR

BSE Code: 532822
CMP: Rs 185
Volume: 400000

This stock has been in focus for some time now. We had recommended it at an earlier point too, and feel that there is still some steam left in the counter. The volumes in the counter suggest that our assumption is not unfounded. One of the largest insurance companies in the country and one of the largest fund houses have taken fresh positions in the stock in the recent past after exiting the stock in the last month. We believe that this stock can be an ideal candidate for making some gains over a shorter time horizon.

FULL THROTTLE

ESCORTS

BSE Code: 500495
CMP: Rs 93
Volume: 261000

It is heard that one of the largest broking house in the country is marketing this stock all out to all institutions across the country. In fact, the company is likely to be the next big story in the auto sector in the next one year. The stock has already started moving northward in anticipation of institutional buying. The volumes witnessed for the past few trading sessions also point towards some buying in the counter. Investors with a high risk appetite can look at this scrip to make some quick money.