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B. Krishnakumar

Andhra Sugar (Rs 139.4): A move to the Rs 155-160 range appears likely. The stock appears to have completed the downward correction and the next leg of the rally appears underway.

Hold with a stop-loss at Rs 125. Fresh buying may also be considered on a move above Rs 147, with a stop-loss at Rs 138.

Aurobindo Pharma (Rs 312.5): The stock has been in a long-term corrective phase that appears to be almost complete.

A move past Rs 330 would be an early indication that the downtrend is complete. Hold with a stop-loss at Rs 295.

Fresh buying may be considered on a move past Rs 330, with a stop-loss at Rs 310.

Follow-up

Tata Coffee (Rs 316.3): The stock ruled firm as anticipated last week. Despite the carnage witnessed during the week, the stock managed to hold above the stop-loss level of Rs 264. The share price appears on course to move to the target zone of Rs 345-350.

Hold with a stop-loss at Rs 275. Fresh buying may be considered on price weakness, with a stop-loss at Rs 275.

A drop below Rs 275 would blunt the positive outlook.

Prism Cement (Rs 24.6): The stock was confined to a trading range last week. The earlier view of a rally to the Rs 32-35 range is valid. Hold with a stop-loss at Rs 20.

A move past Rs 26 may be used to take fresh exposures with a stop-loss at Rs 22.

A drop below Rs 20 would warrant reduction of holdings.

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