Firstpost has been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.
Ashok Leyland was a sell call below Rs 51.90, which was triggered with the stock touching Rs 51.70 on Friday. However, our stop loss of Rs 52.80 was hit as the stock moved up towards the end.
United Phosphorus was also a sell call below Rs 157.75. The stock hit a low of Rs 153.70 and closed at Rs 155.15 on Friday. We maintain our target of Rs 150 for the stock.
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Our sell call on Patel Engineering was not triggered.
Patni Computers has been a sell call since Wednesday below Rs 341.15 with a price target of Rs 325. The stock touched a low of Rs 340 and closed at Rs342.45 on Friday. We remain bearish on the stock, but modify our target price to Rs 330 in view of the strength displayed by the company on Friday.
We have a long call on Idea Cellular above Rs 78.90 with a target of Rs 85. On Friday, the stock touched a high of Rs 84.50 but closed lower at Rs 82.
Orchid Chemicals was a sell call below Rs 270 with a target of Rs 260 given on Tuesday. Our target on the company was achieved and the stock moved to touch a low of Rs 241.60.
Century Textile was a sell call since Monday below Rs 368. On Friday, the stock hit a low of Rs 365.10, but closed higher at Rs 365.95. We continue with our sell call with a target of Rs 355.
Our sell call in Reliance Communications continues. The stock plunged to a low of Rs 97.40 and closed at Rs 97.70 on Friday. We maintain our target of Rs 93 on the stock.
Yes Bank was a buy call above Rs 325.75 and a target of Rs 340. However, on Friday, our stop loss below Rs 323.20 was set off.
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