With a book value of 80-100 and a market cap of 500-550 cr the stock looks interesting for a long term perspective as well.
It also quoted at 800 in the good old times of 2008. With almost 10k acres of land bank the company may do better in the future.
Technical reasons are pretty simple.
Double Bottom followed by good volumes over last 3-4 months alongwith promoter increasing stake. Breakout to be seen above 35 giving a sharp move to 40/50 in short term.
Accumulate with a closing stoploss of 32.
Disclosure: Have recommended to clients as well.
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Nooresh Merani
December 6, 2012
grt call sir!now cn it retrace to breakout zone thts 35?
December 10, 2012
Gauri – Can retrace to 35 odd levels. But it did closer to 39-39.5 giving a good partial booking. Now can re-enter on re-test
January 24, 2013
Dear nooresh ji,
ansal has cm down after touching 42-43 lvls…i hv bot at 35 n booked partial profit at 40 n again bot sold qty wen it came down to 35…is it good to hold fr LT or book if hits sl of 32?
Thanks
January 24, 2013
It closed below 32…is it gud to add for medium,LT if it comes down more from here or book?what do u advice nooresh ji?
January 28, 2013
Very Good call Sir,
I regularly visit your this website and made profit also in this call of Ansal and re-entered again. Sir I can hold till March end, will I see Rs 50/- till then.
Please advice..
& Thank You for your great calls.
Waiting for your reply
RISHI
January 28, 2013
Hi Rishi,
The stock collapsed with the current onslaught of real estate stocks.
Will suggest to keep a stoploss of 30 if bought at 34-35.