Trends: Crompton Greaves, SAIL, Central Bank, Reliance Broadcast, Micro Technologies, Lovable Lingerie :: Business Line :: Business Line

 

Technicals: Crompton Greaves, SAIL, Central bank, Reliance Broadcast, Micro Technologies, Lovable Lingerie :: Business Line

 

Technicals: Wockhardt, BOC, Steel Exchange, Hindalco, Dishman Pharma, Reliance Mediaworks ::Business Line

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Please discuss the medium- and long-term outlooks of Wockhardt and BOC India Ltd.

Anil Kumar Ray

Wockhardt (Rs 582.3): This stock is on steroids since the beginning of this calendar. It reversed from the trough at Rs 251 in the first week of January and did not look back thereafter. It has shattered its long-term resistance at Rs 550 and is currently trading at a new life-time high.

It is obvious that long-term up move is in progress over the last two months. But the need for caution arises from the fact that the index is close to its long-term peak. The zone between Rs 550 and Rs 600 is a potential minefield. Strong move above Rs 600 is required to signal that the stock will now go on to Rs 653. Long-term outlook will stay positive as long as the stock trades above Rs 380.

Investors with short- to medium-term view can take some money off the table and hold the rest with stop at Rs 450.

 

Media Buzz ::Radio – Tune In:: Citi

Visit http://indiaer.blogspot.com/ for complete details �� ��


Media Buzz
Radio – Tune In
 Listen In — The radio market in India is in its infancy, at ~US$200m, but growing
faster than the overall ad market in the last decade, post (partial) deregulation.
We think there is scope for further growth – radio currently constitutes ~4% of the
ad pie and could move closer to the global average of 7-8%. Increasing mobile
phone penetration, emergence of local advertising and expansion into smaller
cities are accelerating industry growth.