* Vipul Ltd. (Rs.53), formerly known as Vipul Infrastructure Developers Ltd., is the flagship company of the Vipul Group, which ventured into real estate development in 1997. The company had made a preferential allotment of 14.95% of its equity to Wachovia Corporation through its subsidiary WDC Ventures Ltd. at Rs.1304 per share (Rs.261 per share adjusted for stock split thereafter) in April 2007. This led to cash inflow of roughly Rs.234 cr. in the company.
Its current market price is Rs.54 while the book value is Rs.58. Its 52-week high is Rs.83, promoter holding is 59.12% and the market cap is Rs.322 cr.
Investors can continue to hold this stock and accumulate on dips for target of Rs.100 level over the next 6-8 months.
* Welspun-Gujarat Stahl Rohren (Rs.270) has consistently commanded premium prices for its products and maintained leading to better margins and higher profitability. It has added 0.5 MMTPA to its existing capacity of 1 MMTPA in India and USA taking its total to capacity 1.5 MMTPA making it the largest integrated pipeline company in the world.Investors can continue to hold this stock as it is expected to get some good orders in the near future. The stock price is likely to see higher levels.
*Investors can continue to hold Nilakamal Ltd. (Rs.145) as it is likely to cross the resistance level of Rs.150 soon.
* Investors with long-term view can accumulate Sharyans Resources (Rs.81) at every dip. Real estate prices have started firming up in the last few months. Company has investments in few real estate projects. It is also in to share broking business, which is expected to do well, The stock is likely to give multi-fold growth over the next two years.
* Keep a watch on Kopran Ltd. (Rs.16).
* HCC (Rs.127) - after good consolidation between Rs.102-118 levels for almost 3 months, this stock has now moved up and may see higher levels. Good stock to stay invested in or add on dips.
* Sponge iron prices are displaying a firm trend. Stay invested in Tata Sponge Iron (Rs.257) for a target price of Rs.350.
* Stocks to watch for upmove in the next week are Unity Infra, Century Textiles and Nilkamal.
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