The Hindu Business Line : Focus of the week

It could move towards the Rs 200-210 range in the near term. Only a close below Rs 127 would negate the positive outlook and could impart prolonged weakness.

Remain invested with a stop loss at Rs 127. Fresh buying with a close stop loss may be considered once the stock closes above Rs 167.

Blue Dart (Rs 139): This stock is also in the midst of a major uptrend. A move to the Rs 175-180 range appears likely.

Existing shareholders could remain invested with a stop loss at Rs 117. A close above Rs 146 could be used to take fresh long positions with a close stop loss.

Follow-up

Elder Pharma (Rs 124.8): The stock behaved in line with last week's expectations. After a brief mid-week decline, the stock staged a recovery in the last couple of days. Last week's view of a rally to the Rs 145-150 range remains valid.

Remain invested with a stop loss at Rs 103. A move past Rs 135 could be used to take fresh exposures with a stop loss at Rs 115. The positive view would stand negated if the stock closes below Rs 96.

MRPL (Rs 46.3): The stock moved close to the target zone of Rs 52-55 that was mentioned last week. After touching a high of Rs 51.3 on Tuesday, the stock turned weak.

It, however, managed to recover ground on Saturday. The overall outlook is positive and a move to the Rs 65-68 range appears likely. Existing holders may remain invested with a stop loss at Rs 40. A move above Rs 53 could be used to take fresh long positions with a close stop loss.

Article E-Mail :: Comment :: Syndication

Stories in this Section
SC verdict on EPS — A blessing for employees

The challenge of regular income generation

Paper and paperboards — A better script in the making

Global paper trail

Gaining by binding

`Cost management will remain a focus area'

Value in the reams

Indirect acquisitions — Scope for better compliance?

It's all in their interest

Profit-booking tones down FII effect

Commodity prices — The wild card in India Inc's performance