Stock Analysis - Reader Request Jul 1st 2007

An analysis of some stocks requested by readers:

IFCI: This stock has seen a huge run up over the last few months. The 52Wk low is 7.73 and we currenty stand at 56, which is almost an 800% gain. The stock is moving out from a late stage base. As a result of this we don't see too much upside in this. The stock is also now trading at it's lifetime high(set in 1997). We would suggest disposing of this stock in spikes to 57, though we might see 58-59 levels. However considering that the trade is done using calls, the time decay will negate any gains made. We would advise a SELL and definitely not a buy on declines.

GLENMARK: This stock is moving in a falling channel. Though it might break out of this channel, we don't see too much upside. We advise a SELL at CMP or 665.

KIRLOSKAR OIL: The stock made a 52Wk high on Friday. It might react a bit over the next few days but some upside to 340-350 can be expected.

BALRAMPUR CHINI: The stock is moving in a rising channel. Currently at 76.30, we can expect the stock to hit 85 and we advise a sell at that price.

Stock Followup:
UNIP: We recommended this stock but we did not enter into this trade. It was recommended at 310 and it still stands at 310. Our earlier target of 360-370 still holds.