Wealth Builder - November Edition

TRADERS PICS – (3-30 DAYS)

Adani Power – Entry 130 , SL 128 Target 140
Cairn – Entry 323 SL 321 Target 335/340
RECLtd (Rural electrification ) - Entry 366 ,SL 360 , target 400/420

YOUR WEALTH BUILDER - Long term
HDIL – Current MRP 258 ,
Our Reco – Buy at current price for duration of 1 yrs with a target of 320 / 400

Basis of Recommendation :
1. HDIL to benefit from the low budget residential projects taken in Mumbai and other metros.
2. Current tightening of lending rates should ease of going ahead with the sluggishness in demand
3. Technically it has been showing a good base formation at around 250 / 260 level, hence limited downside is expected

Risk:
HDIL is invovled in the Realty secotor which are rate sensitive and prone to fluctuate along the the Interest rates ,

Cairn India : Current Market Price 329
Our Reco – Buy at the current price with duration of 4 to 5 yrs with potential upside more than 100%

Basis of Reco:
Company has shown profitabtility from 2008-09 balance sheet , and in second quarter results for current financial year the sales and profit has quardrapled increased 4 folds, with rajshathan units being compleately operational and additional oil fields discoveries reported there seems to be lot of potential over a time.

Risk : NA