Follow me on Twitter

Wednesday, July 25, 2007

SUPREME PETROCHEM

There have been lots of rumors floating around on Supreme Petro that the Operator is going to take the stock price to around 33-34 levels within a month. If we look at the stock fundamentally also, it seems to be a good buy. Trading at a single digit PE, the downside from the cmp of 24 is limited and the Upside prospects look good. The company had also entered into a MOU with the govt. of Maharashtra for a project, which should help in the growth of this company.

7 comments:

Yogendar said...

Hi Superstar,

Please tell me your views on RPL

Thanks,
yogendar

Yogendar said...

Hi Superstar,

please tell me ur views on RPL.

Thanks,
Yogendar

Superstar said...

Hi Yogendar,

RPL is a great stock which had recently moved a great deal from the levels of 66 to 120 odd and is currently around 112. In my opinion, the new trading range for this stock would be between 102 and 140 approx. One can buy at the low end of the range and sell on the higher side. Cheers!

ashish said...

hi superstar

what is your take on the pharma and textile sector as on today... is it a good bet to enter newly listed stocks like celestial labs at current levels and salona cotspin/srf or another player in the textile sector..

Superstar said...

Hi Ashish,

My take on pharma and textiles sectors is that they are both beaten down sectors and one can buy with an investment point of view in good stocks. I am comfortable buying Salona Cotspin at current levels. Also take a look at Kohinoor Foods and Thiru Chem. Cheers!

Yogendar said...

Hi Superstar,

Thanks for ur views on RPL.
Plz suggest whether Unitech is a good buy at the CMP 500.

Best Regards,
Yogendar

Superstar said...

Hi Yogender,

My view on Reality stocks as a sector are neutral to negative currently. I expect property prices to go down substantially over the next couple of years. So as such, the reality stocks listed on the exchanges are already enjoying very rich valuations, I don't think they make good long term investments. Nevertheless, there could be trading opportunities in stocks like Unitech and DLF which are the leaders in their segment. One can buy them on dips but should be quick to book profits whenever you get them. Cheers!