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| 3I INFOTECH LTD. MONHTLY |
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| FIRSTSOURCE SOLUTION LTD. MONTHLY |
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| TTML MONTHLY WISHING YOU ALL A VERY HAPPY & PROSPEROUS 2013.
I have attached monthly charts for 3I InfoTech, Firstsource Solution Ltd and Tata Tele Ltd. All these stocks are low priced and have gone through lot of bad times in the past few months. Though the indices are trading near their 52 week high, these 3 stocks are near their all time lows. Importantly, all these 3 companies belong to good managements. The merits of investment in these companies is discussed below:
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This IT company's shares are held by 11 banks including ICICI and all of them together, hold 50.89% shares in this Company. On the attached chart you will find that Company has made a low of Rs. 7.05 during the past 3 months. It has now crossed the trend line (in blue) which suggests that worst could be over for this stock. On the higher side, 25 is likely to offer strong resistance.
FIRSTSORCE SOLUTION LTD.
One more Company from ICICI stable has recently been bought over by RP Goenka group. On the attached chart you will find that the Company made a low of Rs. 5.55 and is ready to cross the trend line (in blue). It will gain momentum once above the resistance at 15. On the higher side it will find resistance at 25.
TATA TELE MAHARASHTRA LTD.
This Company belongs to TATA group and operates in telecom sector which has been going through tough times for quite sometime now. Since the time I posted this Company sometime back, the shares have been trading around Rs. 12 . On the chart you will find that this Company too it is ready to cross the trend line which suggests that the worst could be over for this stock.. On higher side it will find resistance at 19 and 25.
In case you find these Companies investment worthy, it will be better to consider equal investment in all 3 of them and hold them for at least a year. In that case you will benefit even if fortune of even one of them changes.
With Best Wishes,
Ketan Asher.
