Small Cap Coverage – Ballarpur Inds – Investment pick

BILT

 

Ballarpur Inds:

An excellent cup and handle on the stock.

Accumulate at current levels and slowly add on declines to 38 or lower with a stoploss 36 on closing basis.

Target 52/60 in long term.

 

Disclosure: Recommended to clients in QuickGains today.

 

Regards,

Nooresh

09819225396

meraninooresh@yahoo.com

11 Comments

  1. Ayush Mittal
    October 26, 2010

    Hi Nooresh,

    Yes, it seems to be a good opportunity. I have been tracking stocks of Paper cos and they seem to be doing quite well and valuations are attractive.

    Have a look at J K Paper also. What I like is – comparatively its at cheapest valuations despite having brand and one of the best margins. Would like to know your technical view.

    Thanks & Regards,
    Ayush

    Reply
    1. nooresh
      October 26, 2010

      Hi Ayush,

      Yes Ballarpur is a technical cum funda pick. Also it has a subsidiary with high valuations.

      J K Paper will face resistance around 80 levels which has been a top for many years now.

      Regards,

      Nooresh

      Reply
  2. Pranav
    October 26, 2010

    Hi Noresh,

    In one of my questions to you on this blog about a month back, i had asked your opinion on Ballarpur Industries. That time you mentioned that it is a laggard and you suggested to move out of the stock. I had bought it at 33 levels and exited at 36 levels. & suddenly i see this post on your blog…I’m not sure why did you suggest to exit?

    Regards.
    Pranav.

    Reply
    1. nooresh
      October 26, 2010

      Hi Pranav,

      Its always about relative returns in investing and opportunities available. We as a technical analyst doesnt matter whether buy price is 33 or 40. We are looking out for a investment with a low holding period and a good risk reward.

      Regards,

      Nooresh

      Reply
      1. Pranav
        October 27, 2010

        Hi Nooresh,

        I dont think your reply fits my question. Anyways, i will look to reenter BILT soon.

        Regards,
        Pranav.

        Reply
        1. nooresh
          October 27, 2010

          Hi pranav,

          Well i just give my view on certain stocks which may or may not always be right.

          Reply
          1. Rohan
            October 28, 2010

            Dear Pravav,
            In technical study we wait for clear confirmation, at the time you asked about the view it’s chart may not seem to have a good risk reward.

            Thanks
            Rohan Bhardwaj

  3. sangram
    October 26, 2010

    hi nooresh ji ,
    i am holding dptl(193) and easun reyrole (139)what price can i book profit in both

    Reply
    1. nooresh
      October 27, 2010

      hi,

      reduce on further rise beyond 210 and 150 slowly

      Reply
  4. Manish Yagnik
    October 31, 2010

    Dear Nooresh Bhai,

    Is it advisable to buy Jain Irrigation Systems and Prime focus ?

    Regards

    Reply
    1. nooresh
      November 1, 2010

      Hi Manish,

      Jain Irrigation seems good not much idea on Prime FOcus

      Reply

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