Monday, April 27, 2009

Be Stock Specific

The stock of Cipla (Rs 240) might see some demand on the news of outbreak of swine flu across the globe. The generic drug Indian drug maker has the capability to manufacturing Tamiflu if needed. Reliance Industrial Infra has gained nearly 30 percent yesterday and is hovering close to Rs 800 levels. We have advice a sell on this stock at Rs 800 level in the previous weeks. The stock has corrected to Rs 600 and spiked by nearly 30 percent to Rs 796 on Friday. It will be a good idea to sell this stock around this level, as the valuations are far stretched.

TVS Motors (Rs 30), Core Projects, Jai Corp, Akruti City and Vishal Info are some stocks that are looking week for the coming sessions and investors might consider selling their holdings or short selling these stocks