Videocon Industries is being sold aggresively by FCCB holders have converted to shares at 450 levels(Avg) and are disposing the shares.The company is an excellent buy at this point as it is another oil major in making with success coming its way in oil and gas explorations.It also has a good portfolio of investments in stocks that will generate a handsome profits if sold at the current levels.Buy and HOLD .This stock will be another Reliance in long run, with Mr.Venugopal Dooth trying his level best to enhance shareholder wealth,by merging associate companies with Videocon and coverting it as a holding company.As market conditions are not conducive at this point, Stop loss may be hit .So i have not recommended any stop loss for this undervalued company.Jus buy small quantities at every dip and average.
Though DCHL went much below the recommended rate, it has bounced back smartly.Now EMKAY stocks have come out with a recommendation to buy with 330 as target in 6 months.
IMPORTANT DISCLAIMER:THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN. THE TESTIMONIAL MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS AND THE TESTIMONIAL IS NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. THE AUTHOR BASICALLY BEING A TRADER MAY HAVE POSITIONS IN VARIOUS STOCKS RECOMMENDED
