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Medium Term

Medium term view – NETWORK 18 – IDBI Capital

in Medium Term

We had recommended this counter as a buy in our May 2010 letter at 158 levels and on dips towards 140-30 for target 290 / 342 / 386. Looking at the chart we find that prices after several failed attempts to breakout from a primary accumulation pattern at 165-70 levels (orange line), collapsed sharply during [...]

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Rashtriya Chemicals and Fertilizers Ltd – RCF – IDBI Capital

in Medium Term

RCF is one of the leading producers of Fertilizers in India and was incorporated in 1978 with the reorganization of the erstwhile Fertilizer Corporation of India. Looking at the highertime frame chart we find that prices since Feb 10 have been undergoing some good accumulation, forming a pattern along the way. Tracing back a bit [...]

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Medium term view – Finolex Inds Ltd. : IDBI Capital

Medium Term

Finolex Industries Ltd is one of the leading petrochemical companies in India, mainly engaged in the business of manufacturing and marketing PVC Resin and PVC pipes and fittings. The company offers a wide range of PVC pipes and fittings for diverse applications in agriculture, housing, telecom, industry, ..etc. It also manufactures specialty pipes and fittings, [...]

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Medium term view – West Coast Paper Mills Ltd. : IDBI Capital

Medium Term

West Coast Paper Mills Ltd (WCPM) is the flagship company of Kolkata based S K Bangur group, which also owns Rama Newsprint & Papers Ltd. The company is primarily engaged in manufacturing paper and pulp. Its products include various kinds of paper such as printing, writing and wrapping paper. It also supplies paper for industrial [...]

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Medium term view – JMC Projects

Medium Term

JMC Projects is a construction and engineering major having expertise in varied segments such as roads, bridges, power, industrial construction and housing and commercial construction. A healthy order-book, tie-ups with bigger companies for better projects, repeat orders from clients, kick-off into build-own-operate projects are factors that boost the prospects of this company. Increased infrastructure spending [...]

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Medium term view – Divis Laboratories Limited : IDBI Capital

Medium Term

Divis Laboratories Limited, an Active Pharma Ingredients (APIs) & Intermediates company, was incorporated in the year 1990. Divis prime fundamental is Research & Development and focuses on developing new processes for the production of Active Pharma Ingredients (APIs) & Intermediates. The company provides complete turnkey solutions to the domestic Indian pharmaceutical industry. The overall trend [...]

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Medium term view – MUNDRA PORT – IDBI Capital

Medium Term

This counter was given as a buy during our issue dated 18th Jan 10. It was recommended as a buy at around 646 levels and dips towards 615-05. We had also mentioned that as prices had been forming multiple accumulations, prospects of a rally were quite strong. In the attached weekly chart we have shown [...]

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Medium Term View – ABG SHIPYARD – IDBI Capital

Medium Term

This shipping counter had been recommended by us as a buy at around 310 levels in our issue dated 8th Feb 2010. In that we had mentioned that as prices had been forming some accumulation patterns and showing signs of possible rally, buying can be looked at. However prices failed to show a follow thru [...]

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Medium term view— Petronet LNG – IDBI Capital

Medium Term

Petronet LNG Ltd, a joint venture company between BPCL, IOC,GAIL and ONGC, was registered in April 1998 for importing LNG and setting up of LNG terminals with facilities like jetty, storage, regasification etc. to supply natural gas for generation of power to both private / public sector power plants. The setup on the attached weekly [...]

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Medium term view— MUNDRA PORT

Medium Term

Mundra Port and Special Economic Zone, part of the Adani group, is the developer and operator of Mundra Port in Gujarat. MPSEZ provides cargo handling and other value-added port services, also concentrates multi-product Special Economic Zone (SEZ). As can be made out from the long term chart appended below, prices have been forming multiple accumulation [...]

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