BUY ONGC

On Monday  buy ONGC  around 1315  with a SL of  1296  for a  day target of  1335/40;  Positive news flow  will keep the   stock  price up  for the whole week.

29.08.2010

IFCI - steep fall -

IFCI witnessed  a steep fall in its share price - 5.60% to close at  58.95 on the back of the news that government is contemplating  to  convert the  IFCI bonds  into equity.  While the  steep fall is knee jerk reaction to the news,  i still consider it a  good bet.  Wait  for one more session,  i.e., monday, and if the fall is arrested,  start buying.  It will again move up to 64 - 66 range in short time.  Trading data  for the stock on 06.08.2010

NSE : Aug 06, 16:37

Open Price	62.50		Volume	54821750
High Price	64.25		52 Wk High	64.50
Low Price	58.50		52 Wk Low	41.00
Prev. Close	62.45

IDFC

IDFC has posted impressive  results in the quarter ended June 30, 2010.  Buy at current market price of 184 and hold it  till  end  of December, 2010 for a target price of  210;

Strides Arcolab - fundamentals beckon a relook - 12 months target Rs.586;

One can  invest in the  stock of  Strides Arcolab  at cmp and also on declines upto 415;  Hold for 12 months for a target price of  Rs.586 and more.

Related news:

Strides Arcolab rose 1.44% to Rs 451.90 at 12:58 IST on BSE, after the company's Carbapenems manufacturing facility at Campos, Brazil got Certificate of Good Manufacture Practice from Medicines & Healthcare products Regulatory Authority, UK.