Four cement majors climbed from 0.69% to 4.87% on reports that cement firms were boosting prices by Rs 3-Rs 5 per 50 kilogram bag across India effective today.
Ambuja Cements gained 3.90% to Rs 129.25, ACC 4.87% to Rs 984, Grasim Industries 0.69% to Rs 2723, and UltraTech Cement 3.47% to Rs 914.95. In addition to price increase, ACC’s strong dispatches in June 2007 just gone by aided the rally.
Vishal Retail Pvt. Ltd. issue was over subscribed many times as there was lot of interest by small investors in company. A very people have got the allotment for the share and the listing price has been really high.
What do you think ?
Should one enter the stock at these levels ? Its almost 178 % higher than issue price already.
I made an application in public issue, but didn't get any shares.
Technical Analyst, Vijay Bhambwani is of the view that one
should hold State Bank of India (SBI) stock as it can add another Rs 60-70
within the coming days.
SBI has been a great mover and shaker. It is good for
another Rs 60-70 before some quantity of profit taking can enter.