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Wednesday, June 25, 2008

Sasken Communications:Buy recommendation

Stock : Sasken Communications
CMP : Rs 141.8
Risk : Low Risk High Gain Stock
Stop Loss : Rs 136

Sasken Communications has a board approval to buy up to 9.45 per cent stake in the company, or shares worth up to Rs 40 crore, at up to Rs 260 a share.
Now the Stock off its high from 172.4 and down nearly more than 15%. Now the stock looks a valuable buy at this level with a strict stop loss at Rs 136 for
Better Gains. The Target of the stock may extend anywhere between 180-200.
Technicals say that stocks has support at Rs 138 and there is a chance of formation Bullish Morning star Pattern in this counter and also more recently the
stock was up with heavy volumes. So it the Stock moves gap up in tommorow's morning little bit then dont forget to grab this stock earlier.

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Please Trade this stock with strict stop in this counter.
Source: marketcalls .org

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