TopNews

Anil Manghnani of Modern Shares & Stock Brokers has suggested investors to exit Polaris Software Lab on rally.

Manghnani told, "Polaris is very weak. It’s fallen from Rs 237 all the way to Rs 104; this stock has a history of painfully hitting people by moving up sharply and then giving up all the gains over a six-month period. As of now it’s very weak on the charts and its just look like a technical bounce, my advice is to sell into every rally, just trading levels will be Rs 125 then Rs 137 and Rs 143, somewhere around the high level to get out of the stock."

Anil Manghnani is bullish on Neyveli Lignite and is of the view that investors should accumulate the stock at any fall.

"Neyveli is still interesting; every fall you would see this sharp bounces because of the stock actually broken out on the longer term came after a long time. In this move it is Rs 81 is important if it crosses Rs 81 that’s a trading target then you could rally back to Rs 87, which is a recent top at Rs 93. But again if it comes down, back closer to Rs 70 and Rs 66 levels definitely accumulate the stock at any fall,” Mr. Manghnani stated.

Ganesh Shanbhag, SMS Financial Services is of the view that investors should go for ACC to Mysore Cements at existing level.

Shanbhag told, “There has been a turnaround in Mysore Cements. We also know that Heidelberg has picked up a stake in this company also and I am sure going forward, it will show positive results but the equity-turnover ratio here is quite skewed. For this company to really ramp up their turnover and then show a bottomline might take at least two years from hereon.”

The Nifty ended Tuesday at 4,356 after making a gaining 17 points and the Sensex closed the day at 14,937, up 30 points. Asian markets are trading in the green. Presently, the crude is trading down at 0.19 at 72.23 a barrel on the Nymex.

Ashu Madan of Religare alleged that no special skill is necessary to estimate the markets opening.

“Whenever the market has had a gap-down opening it has always been sustained. However, when it has a gap-up opening it does away with the gains. There are some sections in the market, which are wary of things. Something fishy is happening in the US and I expect to see some more skeletons rolling out,” he added.

Rahul Mohindar of Viratechindia is of the view that DLF can move upto Rs 620-630.

Sharmila Joshi of Asit C Mehta said that it’s the profitable time to hold Prism Cement.