Stocks to watch out Escorts, Cairn, Titan Industries and Everonn

by khalid on 21/09/2011 · 0 comments

Escorts:

From last one week Escorts management is buying its stock to increase their stake. After the 3rd quarter the stock price had tumbled a lot without proper justification. It fell to a low of rupees 60. This may be a case of under ownership. This quarter there has been a good sale of tractors which will result in good quarterly results too. All these positive news makes the share price to move from here on.

Cairn

The rise in stock price of cairn is certain as ONGC will give clearance on 27th September and this will be the positive move for the stock. We are expecting the price to move to 325 to Rs 330 levels once all the formalities of the deal are completed.

Titan Industries

The long term view of Titan Industries is positive and the management will decide whether to increase the prices or not. The company has no options apart from increasing the prices as the kind of run up they have seen in the gold and diamond prices. Quarter 2 and Quarter 3 results of the company are always good. The company’s move to tap the rural market is a good strategy as the urban market is heading towards saturation. Technically the stock can move above rupees 245 levels.

Everonn Education

The view on Everonn Education stock seems to be very positive. A third strategic investor is coming and they will subscribe to a 12 % stake. If we see the shareholding of the company 22% is held by SKIL infra and 20% by P Kishore family and Varkey coming in with 12%. So, they will need to increase its stake. We are expecting that the open offer should be around 510 to 515. We are positive on the stock and soon see a price of Rs 440.

“Bell the bull says: Escorts, Cairn, Titan Industries and Everonn can be a good buy bet.”

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