Borosil Glass Works Ltd.

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Borosil Glass  (T)
cmp:-502219
currently trading at:-805
target:-1000,1200

As per reports, Borosil Glass Works holds an 18-acre industrial plot in Marol, Andheri, a western suburb in Mumbai. The company has reportedly demanded Rs 800 crore to Rs 1,000 crore for this prime piece of land being put on block. Reports added that the Lodha Group, Runwal, Piramal Sunteck Realty, HDIL and Dheeraj are likely to be in the fray to acquire the land.

Borosil Glass Works has appointed an agency to find out optimum value of the Marol property in order to enable the company to take a decision as to whether to sell or develop the land. It may be recalled that Borosil Glass Works' board of directors at its meeting held on 31 October 2009 had decided to enter into real estate business after shutting down its plant at Marol by constituting a new division Marol Division and to transfer entire other businesses into another division called Glass Division. However, the board on Wednesday, 12 May 2010, reversed the earlier decision to create two separate divisions 'Marol Division' and 'Glass Division'.

If this deal went ahead we can see Brosil crossing 2000 levels in no time, a great buy at dips,keep a close eye at this counter since all the news will be out by 28th may folks!!Its a hight Beta stock so be aware too.

   

Sterlite Industries (India) Ltd.

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Currently trading at :-637.50
Buy around:-550

I would recomend buying this script at 550 levels and hold it for atleast 6 months . I strongly advice not to buy at current levels,the script is taking a pounding and is bound to hit the lower levels,thats where we need to cash in.

Target:-700,750,800+


Duration:-6 months

I guess you people might be aware that stock has been split and i would advice to enter at this counter at around 150 levels
short term target :200,250,300

Is it really ideal time for Buying??

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Hi guys, i am having a close look at market and seeing market fall. fall and fall again. But hold on there is a lot of rumour going on in the market that " since market is falling so buy and hold stocks"!! My questin is simple on what basis are buying calls being given? For once again being washed out like a rotten crop.. make use of ur brain guys. This trend of rise and fall has aleady happen thrice in span of 12 months and what have we learnt "NOTHING". We get trapped in the bullish market by holding stocks for long term and finall when market goes down just being optimistic accumulate the same stock just to minimize the losses but what happened to the profit?? Where the hell profit is gone.. Are we here just to be made fool of ourselves everytime.?
                    I think the market has entered into correction mode now its in bear phase and buying in this market specially for long term perspective would be inappropriate.My advice would be rather wait for the correction to happen.. Let market make some aggressive move toward the "MIGHTY BULL" .It would be better to watch the market closely with your eyes wide open and wait for buying opportunities when market starts giving positive indication rather than investing in market now.

For the ones who are already holding the stock,if you are getting even some profit from your current holding book profit and keep cash accumulated in your account for future buying opportunities. For those who have lost major portion of money you have no choice but to wait for market recovery but i strongly feel market would be crossing 20,000 mark by this year end.

Cheers
Sumit