Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Money / Ask Mint | On Investments
BackBack

Ask Mint | On Investments

Ask Mint | On Investments

Premium

What is the target for Polaris Software Lab Ltd and Rolta India Ltd? Should I hold or sell, and at what levels?

Ajay

Polaris has a target of Rs158, while Rolta has a target of Rs203 in the immediate term. These targets are strictly for trading type of calls and, thus, you should not assume these targets for portfolios, as the targets could be higher for portfolios.

I have invested in 4,000 Reliance Power Ltd shares. When will it touch an earnings per share (EPS) of 10? I have read some estimates, but could not find anything about sales and profit after tax figures. I know projects are yet to start, the first being in December 2009, and so on. Right now, is it more worthwhile to invest in Cairn India Ltd or Reliance Power? I wish to invest Rs2 lakh for three years.

Praveen Kumar Jain

Reliance Power has a current12 month rolling EPS of Rs1.8695 and price-earnings multiple of 85.45. It is difficult to say when it will have an EPS of Rs10 as it is subject to lots of assumptions and estimates.

As far as the investment in this company is concerned, if you are a long-term investor, then you may remain invested for the next two years as I expect decent returns in this period.

As far as investing more is concerned, I would recommend some other stock depending on your risk profile. If the choice is limited between two stocks only, that is Reliance Power and Cairn India, then I would suggest you invest in Cairn India.

I have 200 shares of Parsvnath Developers Ltd. Should I hold or sell? I can take high risk, and have a long-term vision.

Gaurav

In the present scenario, I think you should hold the stock for some time. The stock is trading close to its trigger level, which is Rs130. If the stock closes above this level with a good volume, then it would aim to touch Rs150 in a month’s time, which would be the appropriate level to sell it and invest in some other, better stock.

Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 06 Sep 2009, 10:58 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App