Stock Outlook: Sun TV, Opto Circuits, Coal India

by khalid on 10/10/2011 · 1 comment

The fear that actions might be taken against Dayanidhi Maran has led to a fall in the stock prices for Sun TV over the last few days. But it seems the stock can perform better and has a good potential too. Heavy selling was witnessed on the stock for the last few trading sessions At the present scenario the stock has been ruling at PE multiples of 12 and 13. Also some institutional selling was seen in the last couple of months. The stock is presently trading in the range of Rs.220 to Rs. 225 where short covering and renewed buying is responsible to bring the stock at these levels. On the upside in the short term the stock has a potential to go upto Rs. 275 or Rs. 280.

A sudden fall of 8% was observed on the stock Optop Circuits last day. However no specific reason could have been attached for the same. The company had plans of an IPO for one of its subsidiary in the pipeline but that being the reason is not clear at the moment. The stock had been at levels of Rs.300 3 months back but has been correcting ever since then.

Coal India a script which had a entry to the NIFTY sometime back which was regarded as a welcome move by many quarters of the industry. It has replaced Reliance Capital over the Index. The stock has been a good buy and a positive trend can be expected in the short term too.

Bell the Bull says: Sun TV, Opto Circuits and Coal India can be a good buy for a short term

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