* Shilpa Medicare (Rs.159) reported encouraging results for Q1FY10 as its net profit shot up to Rs.10.8 cr. against Rs.1.1 cr. in Q1FY09 on its capital of Rs.4.4 cr. It is expected to report much better working in future as the company will enjoy the benefits of expansion in H2FY10. The promoter holding is around 60%. Investors can keep a watch on this stock for buying on dips below Rs.150 level.
* Sharyans Resources (Rs.91) looks attractive, as both its businesses of stock broking & real estates are expected to do well. We may see higher levels in this stock.
* Vipul Ltd. (Rs.66) was recommended two weeks back at Rs.54. Investors can continue to hold this stock for a target price of Rs.100 level in the next 6 months.
* DIC India (Rs.170) - There are unconfirmed rumours of a delisting offer to come in the near future.
* Alumeco (Rs.16) results are better. Investors can continue to stay invested for target of Rs.25 over the next 6 months.
* Finolex Industries (Rs.58) Q2FY10 results are expected to be much better. Investors can continue to stay invested for higher levels.
* Avaya GlobalConnect (Rs.178) may announce some favourable developments as per knowledgeable sources. Traders can enter this stock on stop loss basis for short term gains.
* Delta Corp (Rs.55) was recommended as a momentum buy around Rs.48/50 level, investors can continue to hold & book profit above Rs.65 level.
* Two power plants of Tata Sponge Iron (Rs.251) based on waste heat with a combined generation capacity of 26 MW have produced power satisfactorily. The entire surplus power, which was about two-third of generation, was exported. This revenue provided a cushion to the shrinking bottomline due to a fall in price of sponge iron in the later part of the year. There was a marginal increase in the selling price of power from March 2009, the full impact of which will be realised only in the current year. Its coal block is expected to become operational from 2011-12.
Investors can continue to stay invested in this stock or even accumulate on dips for a long-term target of Rs.400.
* Micro Inks (Rs.390), there is possibility of delisting offer at higher levels as per unconfirmed sources.
* Financial Broking Sector - Stocks like Motilal Oswal (Rs.176), India Infoline (Rs.146) are likely to witness action over the next few months. Traders can enter the same on a stop loss basis.
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