Suzlon – a Buy

Suzlon has seen many ups and downs in recent time.

It seems a turnaround time for Suzlon now. It has got very strong order book. Volume has picked up significantly for past few days. It is able to sustain a support level of 69-70. Its price at 70 is fairly valued given that it is a large cap. Company is now more focused on clearing its heavy debts also which is a good sign.

We recommend Suzlon now a buy (between a price range of 65-75) with long term (2-3 yrs) target of 350-500.

-Netstock

IDFC – Our analysis

about one month back we gave short term target of IDFC for 180 when it was at 140.

It touched 179 3-days back.

Cheers

-Netstock

Satyam — Our analysis

We told few days back that Satyam can come down to 85-90 and it really had come down to 82 today.

Wait for some time if you want to buy this counter as global cues are not positive at this moment.

 

Market may crash badly in short term

Be very careful while buying for short term.

Market is likely to crash/correct sharply in coming days.

Pyramid Saimira – Don’t get trapped with last 2 days 5% upper circuit

This stock is an immediate definite sell

Pyramid Saimira – A definite sell

Sell Pyramid Saimira which has no downside limit.

No body knows where will it stop falling now.

It can go upto 1 rs as well in short term

Satyam Computer – Quick View

Satyam is expected to go down upto 85-90 in short term.

However, this will be good entry point to buy this stock for longer run.

Multibagger Recommendation – Provogue India

At a price between 50-60, Provogue is potential multibager with target of 250-450 in next 2-3 yrs.

Currently, retail/fashion industry is at its bottom in India and world wide. Since we are recovering gradually from world’s one of the most devastating recession ever, this industry will pick up momentum soon.

Our valuation is purely based on technical analysis.

It is worth noting that Provogue is one of many stocks held by Rakesh Jhunjhunwala.

Suzlon – Quick look

Suzlon has been hit very badly in last few days because of extremly bad results and bleak outlook and has come down to about 40-50% while the overall market fell only about 10%.

Does this mean you should buy it now in a hope that it will go up again in short term when Market went up about 500 points today.

We suggest to wait for next 2-3 days for this stock to watch its movement. We expect this stock to be in range of 50-60 in next few days. Once market becomes stable and this stock consolidates between 50-60 range, then you can buy it at a rate between 60-65 for a quick gain of about 50% within 2 months.

Always remeber one thing – if a stock starts falling it has no end where it will stop. Same is currently happening with Suzlon. It doesn’t know wehere to stop falling.  It has to consolidate at some point of time which we expect between 50-60.

PVP Venture – Re-evaluation

We suggested PVP Venture as potential multibagger last week between a price range of 40-50 with strict Stop Loss below 30.

We are still stuck with our recommendation. Here are few observations about PVP:

1. PVP has recently (about 1.5 months back) picked up momentum and traded between a price range of 40-60 regularly on extremely heavy volumes.

2. It came to notice that former promoters of company are now selling their holdings that caused this stock to either hit 5% upper or lower circuit every day amidst heavy volumes.

3. Company has reported a heavy loss this quarter. Sales were reported as ZERO this quarter. That means company is in heavy loss and debt.

4. At the same time it is worth noticing that this company is going through major restructuring and new promotors are working towards revamp the company.

5. Now since company has reported a heavy loss this quarter too, this share has hit 3 consecutive 5% lower circuits. We will not be surprised to see 1-2 more lower circuits in coming days. That means stock will come down to about 32-34.

6. Now coming to our recommendation, we always believe in technical analysis and chart formation for this counter is to wait for next 10-15 days movment on this stock. If this stock comes below 30 don’t buy it. If it remains above 30 then it is a definite buy and long term prospects are bright.

7. Past history of this stock has been very good and that suggests that this stock has potential to go very high in long run.

Hope this article was helpful.