REASONS ARE AS FOLLOW :
- VERY LOW PE IN COMPARISON TO DLF & OTHER PEER GROUP COMPANIES.
- FUTURE PLANS ARE VERY ATTRACTIVE. PROPERTY BUSINESS ARE IN UPTREND AS THERE WAS EQUITY BOOM. OPERATING PROFIT MARGINS ARE 63.90%.
EQUITY MARKET WILL SHOW AS SOON AS POSSIBLE NEW TOP.
- TECHNICALLY IT IS MOVING ABOVE 200 DMA AND IT IS ALSO IN UNTREND. CORRECTIVE FALL IS VERY OLD AND NOW GIVING A BRIGHT CHANCE OF UPTREND MOVEMENT. THERE WAS BULK BUYING OF AROUND 15 LACS SHARES ON 12TH NOV.
IN THE PRICE BAND OF 65/- TO 62.40/-. THE BUYERS WERE STRONG IN THE WEAK MARKET.
- FOR INTRADAY BUY ABOVE 64/- AND KEEP THE STOPLOSS 62.40......TARGET IS 68/- ON 15TH NOV10..
FOR DELIVERY KEEP THE STOPLOSS BELOW 60.50 ON CLOSING BASIS
***
HAPPY TRADING.
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