Business Daily from THE HINDU group of publications Monday, Sep 04, 2006 |
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Markets
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Stock Markets Columns - Chat
Jogin was turning the pages of banking history to know more about moratoria. Sridevi was studying the ads of Hyundai and Maruti. Dakshinamoorthy was trying to plot on a graph sheet, world growth rate and the country's fiscal deficit... Till Khan dialled them all to assemble for the weekly market chat. Respond! Kay: Chart patterns suggest a continuation of bullishness. Sri: A move to the 12,000-12,200 point mark seems near! Kay: As the mid-cap juggernaut continues to roll... Jog: Partial profit booking, a prudent strategy. Dax: Good news unlike as in United Western. Sri: The bank could rule weak on the news of moratorium. Jog: "If only God would give me some clear sign!" wishes Woody Allen. "Like making a large deposit in my name... " Dax: in a Swiss bank? Sri: Players talked of bearishness but markets went up. Jog: Nifty would move up. Resistance around 3480 levels? Dax: Vivimed could rule firm. Planning an acquisition. Jog: Cadila strong on the news of its acquisition... Kay: Of a 50% stake in a hospital outfit promoted by Apollo? Sri: Wild card picks include Gujarat Ambuja Exports... Jog: And Petron Engineering, may I add? Dax: Sugar stocks could see some buying, I guess. Kay: As they've corrected sharply in recent times, possibly. Sri: Deepak Fertilisers gaining from the Taloja plant. Kay: A new venture set up for Rs 150 crore-plus? Dax: To max out its asset base. Jog: And drive core competence. Plus move into new areas. Kay: Balrampur Chini. A favourite. Target Rs 140. Sri: Big volume play? Crucial for the next 2-3 sugar seasons. Dax: Will it be ready when sugar prices are not increasing... Kay: Significantly? Relative to rise in sugarcane prices? Jog: Watching Godrej Consumer, a sub-Rs 200 stock! Sri: After the takeover of Rapidol's South African business? Dax: The move primes Godrej Consumer in two key areas. Jog: Control of hair colour brands in 10 countries and a chance to introduce products in the African market. Sri: Mid-caps with weak fundas part of the momentum. Dax: Does it augur well for the market? Cipla, any vichaar? Jog: Has steam. Target of Rs 300. Kay: Mid-cap tea stocks recovering. McLeod Russel? Sri: Essar Oil did well for the second week in running. Jog: IPCL is all set to cross its all-time high. Dax: HTMT demerger will make the counter more active. Jog: Try Tube Investments and also Nahar Spinning. Kay: Good momentum seen in Philips Carbon Black. Sri: Under Rs 50 quote, one can think of DCW! Jog: Heard Divi's Lab on faster track and will go up. Dax: Tech Mahindra stock, invest, in my opinion. Kay: With customs duty removed on a swathe of items... Jog: From Thailand? I expect some weakness is stocks. Sri: Such as Samtel, and companies in the gears business. Dax: "Instruction, manners, mysteries, and trades," as in Timon of Athens. Kay: "Degrees, observances, customs, and laws." Bye! ** Lee with inputs from Nat, Mad, Nil, The and Bij. Blog at http://MarketChat.blogspot.com
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