holdyourthoughts

My trading call on Kalindee Rail turned out to be a stunner, even to me. It has gone up by over 50% in the last 3 trading sessions. I suggest you take some profits off the table. Also, for Orbit Corp that I had recommended earlier, please use a trailing stop to lock in your gains. I am looking at a few stocks for trading in the next few months and hopefully will be able to have an update in the New Year.

My yesterday's recommendation of Kalindee Rail Nirman flared up 20% and was locked on upper circuit. I am expecting another 10-15% jump today. If it comes through, it might be prudent to take the gains off the table. If you are getting 30% returns in 2 days, you need to take some money. Look at buying Essar Oil today. It closed at 301 yesterday. Short term target is close to 390-400. Also, with Reliance moving up yesterday, a position in Bongaigaon Refinery may not be a bad idea today.

I was looking for a decent mid-cap stock in an exciting market segment and stumbled across Bartronics. The company operates in the niche segment of bar codes, smart cards and RFID. With the huge growth of organised retail in India in the coming years, Bartronics with its market leader position is well placed to capture the opportunity. The company has had very strong growth in the last few years. The company has no significant long term debt. Mar ‘07 Mar ‘06 Mar ‘05 Mar ‘04 Mar ‘03 Sales 63.52 29.04 18.06 12.58 8.31 Operating Profit 17.21 7.52 4.61 3.25 1.16 Net Profit 13.46 5.34 2.40 1.35 0.14 EPS 7.52 3.60 2.74 3.09 0.33 RoE 10.89% 7.81% 25.08% ...

At the closing of 2007, let me leave you with a few stock picks for the New Year. The main theme here is the infrastructure development. However, the below mentioned three stocks are mainly in the railway infrastructure space. With the thrust on railways and the upcoming rail budget, these stocks should give decent returns. 1. Kalindee Rail Nirman 2. Texmaco 3. Kernex Microsystems You can buy/hold these with an outlook of 3 months to a year. Statutory Warning: Please consult your financial advisor for your personal financial advice. I may have a vested interest in all stocks I comment on.

Here is the link to the article that was published in ET: http://economictimes.indiatimes.com/articleshow/2589891.cms

The ET CEO Cookout was supposed to start at 7pm and was held at ITC-The Sonar. For some unknown reason, ITC seems to have changed the name of the hotel from ITC-Sonar Bangla to the current one. Is it ITC believes that Bangla isn't Sonar (made of gold) anymore??!! It was a unique experience for me to be amongst so many luminaries of the business world. Jairam Ramesh, YC Deveshwar and Percy Siganporia were all there. There was a lot of anticipation for the arrival of Buddhababu. He came in at around 7:45pm and that paved the way for the start of the evening's proceedings. The ET executive director (missed his name) started off the proceedings with a short speech and introducing the guests. Buddhababu followed him with his thoughts on India's infrastructure deficit. Although, Buddhababu claimed that he had not time to prepare, it was pretty evident that he had a lot of information on it. The way he was rattling off data about infrastructure spends in India vis a vis China indi...