Stock check: Dr Reddy's gets its equations right

There were more than a couple of hits. Others came nearly close.

Shishir Asthana June 30, 2011 18:14:20 IST
Stock check: Dr Reddy's gets its equations right

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.

Tata Motors DVR was a buy call with a stop loss of Rs 535 and a target of Rs 560. The stock touched a high of Rs 549 on Thursday and closed the day at Rs 541.55. We continue with our target of Rs 560.

Stock check Dr Reddys gets its equations right

Get clued in on stock prices and market performance to stay ahead. Ajay Verma/Reuters

Our sell call on JP Associates below Rs 77.50 was not triggered on Thursday.

We had a sell call onDr Reddy's Lab with a target of Rs 1,500. The stock came down to a low of Rs 1511.20, but closed higher at Rs 1,536 on Thursday.

Our sell call onReliance Communications below Rs 94.10 was not set off.

We have a sell call onAdani Power below Rs 109.80 which was triggered on Tuesday. On Thursday, the stock hit a low of Rs 109.50 and closed the day at Rs 110. Given that there was hardly any movement in the counter, we withdraw our call on the stock.

DLF was a sell call below Rs 213.60 with a target of Rs 206 which was triggered on Tuesday. The stock plunged to Rs 210 on Thursday and closed at Rs 210.35. We maintain our target of Rs 206.

GAIL was also a sell call which was triggered on Tuesday below Rs 453.30 with a target of Rs 435. The stock slipped to a low of Rs 439.05 on Thursday and closed at Rs 440. We continue with our target of Rs 435 on the stock.

Our sell call onMRPL was activated below Rs 76.50 on Tuesday. However, on Thursday, the stock moved higher and sparked off our stop loss above Rs 77.50.

ONGC was also triggered on the sell side below Rs 283 on Tuesday. The stock touched a low of Rs 273.30 on Thursday and closed at Rs 274.45. We continue with our bearish outlook on the stock and maintain the price of Rs 270.

"Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds."

FIRSTPOST DISCLAIMER: Firstpost brings you information and opinions on shares, funds and other investment options based on broker reports and private equity research. Investors are, however, warned that they should NOT take any buy or sell decision based on the views expressed in our posts or what is discussed in our chat sessions on market movements. Investors should consult their own financial and share advisors before taking purchase or sale decisions. Firstpost does not take any responsibility for any losses incurred by investors who take their cues from our posts and chat sessions.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Union Budget 2021: Govt needs to pursue disinvestment seriously next fiscal, else it may be a flop show again
Business

Union Budget 2021: Govt needs to pursue disinvestment seriously next fiscal, else it may be a flop show again

Unlike 2020-21, the government cannot afford for disinvestments to be a flop-show in 2021-22 as well.

Sensex jumps over 300 points to breach 50,000-mark for first time; NSE Nifty tops 14,700
Business

Sensex jumps over 300 points to breach 50,000-mark for first time; NSE Nifty tops 14,700

Bajaj Finserv was the top gainer in the Sensex pack, rising around 4 percent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank and Axis Bank