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Wednesday, June 17, 2009

Informed gossips

1)Scripscan:Energy Development Company Ltd

Story:After taking a huge beating on the bourse,Energy Development Company Ltd is back in the reckoning.Sources close to the management claim that the company is going to do exceptionally well in the coming quarters.Even some of the mumbai based operators are active on the counter again.The scrip at present is quoting at 64 and punters are betting for 75 odd in the short term.

2)Scripscan:Goldiam International Ltd

Story:Plenty of buying is happening on the counter on expectations of bumper numbers in the coming quarters.Goldiam has already tripled in just a matter of 3 months.Informed circles suggest there can be much more upsides in the counter as operators have started taking much interest in the counter.In light of these facts one can take a call on the counter at dips.People who bought at lower levels may sell half the quantity to make it an investment free bet.

3)Scripscan:Samtex Fashions Ltd

Story:The company is on the radar of few proprietor brokers.One of them fees these can be a good buy at dips for the longer term perspective of three years,largely due to the healthy outlook of its subsidary company.He also advices a strict stoploss at 8-9 levels.It should be prudent to note that the company posses an unhelathy management team.So the counter is only suited for high risk taking investors.

4)Scripscan:Venkys India Ltd

Story:The counter is a favourite to few of the most renowned faces of dalal street.One of them,Known as "RD" who is known for his value picks is highly bullish on these counter.He feels the companys foray into lifestyle products presents immense growth oppurtunity going forward.He suggests buying the scrip in bulk for longer term perspective.

5)Scripscan:Prism Cement Ltd

Story:If the market grapevine is to be beleived,then heavy institutional accumulation is taking place in the counter since last few trading sessions.Further buying the fraternity cannot be ruled out.Market participants feels the counter to hit 52 week high fairly soon.

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