HFCL On the Rolls...

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....

Some Reshuffling and Tips...

I booked some partial profits in JK Tyres (tips give when quoting at 80... now at 158), MRF (sorry no tips given on this :-)), and Gujarat NRE (tips given @37.. now quoting at 89... sure time to book profit in this one)...

so to sum it all I would recommend booking profit in JK Tyres, Gujarat NRE and yes Hindalco... book partial profit... may be take your principal out and keep the remaining shares as fokat (free)... enjoi....

now coming to the proceeds....

have moved it to fortis healthcare.... for a long term.... healthcare in India would be big time industry going forward so would be accumulating this on dips...

next one is odd man out... Micro Technologies... currently quoting at 206... it is in IT but exclusively on security side... its book value is 243... and EPS is 70... making its PE 3.x ... over 5 years it has grown 10 times from 25cr turnover to 250cr turnover ... this year would make probably 300cr... which would be good... only concern is promoter holding is 36% or so... while they have pledged some 1/3 of the stock.... reserves are in some hundreds of crores... I am not sure why they pledge their shares... still taking some risk for longer term...

BTW... did you check out quintegra.. it is now at 15... remember giving the trader tip at 10... cool 50% in a month... sorry I didnt put anything in the stock this time...

I would be watching out for HFCL .. with 3G auction nearing it is becoming too hot to handle... though I have some exposure in it... Only for very strong heart... it can go 40 or it can 5 or go out of business... currently quoting at 12... so do your own due dilegence...

Disclaimer: As usual... please do your own due diligence before investing in any shares mentioned above... and yes I do have position in almost all the shares mentioned above.... :-)...