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Showing posts from July 1, 2015

Bharti Airtel

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BHARTIARTL (420) - Support 420-415 and 405-400
above that upside target    455--465  &  490-510



Bank of India

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BANKINDIA  (171) - Already posted on 12th May itself and now once again remind it. 

Now resistance 185---192

Below that down side target 150-145
and 

ULTIMATE DOWN SIDE TARGET 137-127




Arvind

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ARVIND (268) - Support 256--252
Above that upside target 296-300




AMTEK GROUP STOCKS PRICE MISMATCH

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CASTEXTECH (236)  -  Posted on 25th May and said target and top out 230-240 ,when it was trading at 154 , even though, that time, it came from the low of 40 to 154, that to non-stop, But the top out target attacked yesterday , yesterday it was upper freeze at 236.

now the thing is 

AMTEKAUTO  (159) have three listed subsidiary ( holding % in bracket) that includes CASTEXTECH  (71%) ,  JMTAUTO (72%)  and METALFORGE (49%) 
as on 30th June 2015 the followings are the total market capital value  and its % holding value of its subsidary
CASTEXTECH  -- 6569 cr -   & 4670 Cr
JMTAUTO ---  1270 cr  &  914 Cr
METALFORG --  460 cr  &  225 Cr

so total holding value  5809  Cr. whereas AMTEKAUTO value as on 30th June --  3507 Cr 
that means , at present, as on 30th June Closing price of 159 , this stock, market capital is valued at negative value of  2302 Cr.


Now the unresolved  question is why is this kind of mismatched valuation in market ?  
market only can give answer to the above mentioned q…