Financial Daily from THE HINDU group of publications
Sunday, Nov 28, 2004

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Focus of the week

B. Krishnakumar

Hindustan Lever (Rs 136): The outlook for the stock remains bullish. The stock appears to be headed towards Rs 152-Rs 155 range. Hold with a stop loss at Rs 127. Fresh buying may be considered on a move past Rs 138, with a stop loss at Rs 129. A drop below Rs 127 would negate the positive outlook.

Tata Tea (Rs 444.7): The stock could move to Rs 485-Rs 490 range in the near-term. The stock appears to be a good long-term investment candidate. Investors with a horizon of about six months can expect returns of 35 to 40 per cent. The positive view would be subject to the stock holding above the stop loss level of Rs 380. Stop loss for fresh purchases may be placed at Rs 410.


Kotak Mahindra Bank (Rs 241.1): The stock moved in line with expectations. It moved past the target zone of Rs 245-Rs 250 range. The outlook remains bullish and the stock could move to Rs 275-Rs 280 range. Existing holders may remain invested with a stop loss at Rs 210.

Fresh buying may be considered on price dips with a stop loss at Rs 230. A drop below the Rs 190 would negate the positive outlook.

IndusInd Bank (Rs 46.3): Though the price remained stuck in a narrow band, the view of a move to Rs 53-Rs 55 range is still valid. Hold with a stop loss at Rs 40. Fresh buying may also be considered on price weakness with a stop loss at Rs 40. A drop below Rs 40 would negate the positive outlook.

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