Ya, there was a silent buildup in the real estate last two weeks, particularly Anant Raj( 41 to 51 in a week) and Unitec (16 to 19).
I may enter Anant Raj, as it has broken the resistance of 50 and was traded well above the 5 day moving average. I may sit on the fence of Unitec, and watch a while.
And TechM has proved my conviction. Will be riding on it till this year end. And the Q2 FY14 result, which may be tintillating, owing to the real muscle power of the combined(MSAT + TechM) Entity, and sadly to the forex gains.
I am disclosing one more entity from my watchlist, Alembic pharma..., has made a run from 130s to 170s. One can enter on correction below 150.
Pros : Strong fundamentals, clear balance sheet, and streamlined growth makes it a better prospect for a long term investment. Will follow up with stats on the same.
1 comment:
An update on TechM. TechM may sign a multi million $ deal in australia, may be perpetual investment.
Here is the story:
http://www.theaustralian.com.au/technology/rich-deal-nears-for-tech-mahindra/story-e6frganx-1226739810790
Would wait on market reaction tomorrow...
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