 "Stock Check: Pantaloon Retail is all dressed up")
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.
Our sell call on Tata Communications was triggered in the last few minutes of trading on Wednesday. The stock pierced our entry price of Rs 214.80 and touched a low of Rs 214.35 and closed at Rs 214.70 on Wednesday.
Our buy call on MRPL was not triggered.
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Yes Bank crossed the previous day high of Rs 325.75, triggering us in on the trade. The stock hit a high of Rs 329.30 and closed at Rs 325.70. We maintain our price target of Rs 340 on the stock.
Our sell call in Reliance Communications has been set off with the stock touching a low of Rs 96.60 and closed at Rs 96.95. We have a target of Rs 93 on the stock which we maintain.
United Phosphorus was a sell call which was not triggered on Wednesday.
Sell call on Shriram Transport was not activated.
Century Textile was a sell call since Monday below Rs 368. On Wednesday, the stock touched a low of Rs 362.70 and closed higher at Rs 368.05. We continue with our sell call and maintain the target of Rs 350.
Our sell call onPantaloon Retail below Rs 321 was triggered on Monday. The stock touched a low of Rs 309.35 nearly touching our target of Rs 309.
Orchid Chemicals was also a sell call below Rs 270 with a target of Rs 260. The stock plunged to a low of Rs 268.45 and closed at Rs 269.70. We continue with our sell call and maintain our target of Rs 260 on the stock.
“Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds.”
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