Saturday, 30 January 2016

WEEKLY TRADING TIPS FOR CASH


“BUY ENGINERSIN IN CASH @ 192 TG 212/225”
Engineers India closed at Rs 193.05, down Rs 1, or .52 % as on January 29, 2016. The 52-week high of the share was Rs 252 and the 52-week low was Rs 157.The minimum offer price has been set at Rs 189 which is at a discount of 2.4 % to the yesterday's closing price of Rs 194 on BSE. This is the fifth disinvestment this fiscal. The government had in August last sold a minority stake in IOC. The stock's price-to-earnings ratio was 22.. The latest book value of the company is Rs 76.21 per share. At current value, the price-to-book value of the company is 2. The highlight of the issue has been the overwhelming retail investor participation of 3.92 times amounting to Rs 513.08 crores.  The non retail participation was an impressive 2 times amounting to Rs 1128 crores. Institutional investor response has been dull so far as they bid for over 25.09 lakh shares as against over 2.69 crore shares reserved for them.

Weekly

R4

R3

R2

R1

REV

 BULL

LOC

BEAR

 REV

S1

S2

S3

S4

Levels

228

225

220

217

214

213

212

211
 210
207

204

201

199


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