Is it advisable to buy Encore Software and Chemplast Sanmar at prevailing levels?
M. Vasu Chandra Encore Software (Rs 52.6): The stock is in a consolidation zone. A strong move on the upside would materialise on a close above Rs 56. Buy on a close above Rs 56, with a stop-loss at Rs 46 and a price target of Rs 78-80. Chemplast Sanmar (Rs 73.4): The stock appears to have the potential to move to the Rs 98-100 range. Buy now and on declines, with a stop-loss at Rs 61. Sell a portion of the holdings on a move to the Rs 98-100 range. Based on the recommendation in the `Stock Focus’ column on June 27, 2004, I bought Kirloskar Brothers at Rs 365. Will it be advisable to book profit or hold as the stock has run-up quite sharply. Your advice is also solicited on my holdings in Cummings India at an average rate of Rs 115. V.R.K. Chari Kirloskar Brothers (Rs 1721.3): The stock has been on an upward spiral since the time it was last recommended. The long-term price charts indicate that the stock has upside potential that extends to the Rs 1900-1950 range. Considering your entr
