Stocks

#32 Stock Update: Recommending Telecom sector Pick- "tata communication"

Sector
Call Date
Initiated price
CMP
Tgts
Return
Maruti Suzuki
Auto
30/10/2012
1390
1418.80
1789/2870

2.08%
Dena Bank
Banking
11/2/2013
104.55
95.80
156/195/256
-8.37%
Tata Motors
Auto
12/2/2013
298.55
301
375
0.8%
Adani Enterprise
Mining
18/2/2013
232
240

435/897
3.44%
Ambuja Cement
Cement
25/2/2013
200
190.50
280/325
-5.00%
Ranbaxy
Pharma
12/3/2013
417
433
572/697/1166
3.8%
TaTa Communications
Telecomm
14/3/2013
233.75

233.75
290/392/523
0%

Today i am initiating a recommendation in Telecom Sector. You must be surprised with my stock selection “Tata communication”. Though its not much active amongst trader as much as Bharti,Rcom or Idea,but its a defensive choice. Group company is what has attracted to me and ofcourse technical chart. Stock has seen a high of 783 (approx) and thn saw a low of 191. But it has than consolidated for almost a year now. Consolidation is the sign that stock may see some bull momentum. one year of consolidation is the key factor defending our choice. Taking into consideration its fundamental, it running through some debt issues but it on the verge of completing a land deal worth of Rs, 2500 crore. If the land deal is closed in near future than 290 tgt is much possible by than. Long term target though is coming down to 1300 though its in nxt 8-10 years. But its a gud bet and it can work as a insurance to your portfolio. Keep a stop loss of 191 and just go long at CMP. After entering this stock in our portfolio, nw we are exposed to all key sectors of the economy. Now its tym to find some risky stocks and they are coming soooon……

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