Updates on stock tips...

Central bank has met its target of 150... much earlier than expected... it has posted very strong results last two quarter hence it is going up for quite some time...

At this point I recommend partial profit booking and taking your principal out, keep the remaining "free" shares for futhur gains...

There are couple of stocks to watch punj loyd and sterling biotech. They look attractive... need to do some further research on them before I can recommend them to put in the stock tips portfolio.

So far, two stocks have met the target central bank and rolta india...

here is the updated portfolio details...

Rolta Target Achieved...

Rolta target of 180 has reached, it is now quoting at 185... tip given on 25-May. Target date was 6 month. Rolta exceeded expectation and reached in less than 4 months...

I would book partial profit in Rolta, it is can go up to 200 and then stabilise around 250.

attached is the stock tip performance.

Rolta India

This mid cap IT stock has been battered down like anything by the FIIs during the recent fall of the sensex. It was quoting around 180+ and it went down to 45 in two weeks time.

Let us look at the details of this stock here. It book value is 81, and PE is 5.72. While IT industry PE is 12.29. Comparing it with the competition, you can see that it is quoting at discount to other companies. E.g. HCL tech book value 51 (CMP 167), wipro book value 71 (CMP 316).

It has presence in Global Imaging Software, Engineering related work. It is expected to get major orders from the nuclear deal with US.

On conservative estimates, if we consider its EPS to be 20 Rs/share compared to current 16 Rs/share. With PE of about 9 (if not 12 as per industry average), then it should be quoting at 180.

I recommend a buy or hold on Rolta for a target of 180 to 200 in 6 months.

Disclaimer: I have some stocks of Rolta at 56 Rs. Please do your due diligence before buying or selling a share.