Sensex Today: Sensex inches up by 45 pts.

Tech Mahindra, I-flex, Glenmark & Moser Baer in thick of action

Sensex behaved again in the manner we predicted yesterday. Marred with lot of volatility, it finally managed to add 45 points with an intra day volatility of 260 points. Action was seen in the Auto stocks primarily on renewed buying interest. However, Tech Mahindra was the star attraction of todya's trade. The stock closed 20% higher with no sellers at Rs. 1490. The company has announced the signing of a five-year deal to provide BT with strategic sourcing services. This contract is expected to create new revenue for Tech Mahindra in excess of $1 Billion over this period.

However the day was not good for I-flex investors as the stock tumbled by 11% on fears of dumping of the stocks by large players in open market. The stock, intrestinglly, was quoting at a huge discount in futures yesterday as compared to its closing price in cash segment.

Another attraction was listing of the Great Offshore. The stock settled at Rs 725 on NSE which is in line with market expectations.

4 comments:

Anonymous said...

Rajesh,

Do you think Aksh optifiber has bottomed out at Rs.40?

Thanks,
Suraj.

Kunal Bhasin said...

SONI SAAB TUSI GREAT HO.>!!!

saurabh said...

Rajesh sir,

I have invested on your advice in certain shares some time back and i am glad to say that i have gained a lot.

I bought yes bank and sold it in good profit some time back.Today i sold out Mahindra and mahindra at 875(bought at 755) and karnataka bank at 160(bought at 125).

Truly speaking i have never gained this much in such a small period of time.I will say that your recos are perfect.I have some 500 shares of skumar at 76 what should i do,should i offload it at around 82.

Also sir guide if shares of mahindra should be rebought.Also please guide which shares i should invest in,i have completely missed the bull run from 9800 to 14000 rally.Now please suggest some shares with modest risk and which can give a return of 20% in 2-3 months.

Best Regards,
Saurabh.

Unknown!!! said...

HI rajesh ji,
any comments on nifty by 28th dec... guesses on where it could end.
and pls commment on parsvnath whether to buy more as it has corrected drastically. I agree with the person above me. ur recos are really good.