Just as I was typing the previous blog putting HFCL for strong heart with risk taking abilities, it shot up later in the day... It went up by 20% circuit.... wiping my loses in HFCL... and it had still some 1 cr shares buy order pending with no sellers available.... so some one seems to be accumulating the stock... might be they know something we do not....
with 3G auction nearing... I believe it is around mid Feb this year, it will gather further steam.. it is first in line for getting 2G auction... with no spectrum available to new players... any global giant who is not in India and want to come in has to take over or partner with existing co with license... HFCL probably would fit that bucket... but then again these are wishes.. but you never know when this ghoda (horse) will run... I expect another couple of days of circuit max... taking it to 18 to 20 zone may be... will book some partial profit and put money in micro tech and fortis....
Nice analysis
ReplyDeleteUday Raj