Jindal Drilling reached a life-time high of Rs 950.00 in the stock market
boom of the year 2007-08 and then entered a long-lasting downtrend that continued until in the
week before the last. The share, after topping out at Rs 950 in 2007-08, entered a long-lasting
bearish trend and did not even participate in the latest stock market boom that emerged from
August, 2013, as it continued to lose even when most others were gaining after August, 2013. In
the last eight years post the 2007-08 stock market boom, the share has formed sustainingly lower
tops. Even in the latest stock market boom, it reached a high of Rs 302.75, which was the lowest
top in the series. From the latest top of Rs 302.75 established in May, 2014, the share entered a
sustained downtrend until it reached a low of Rs 105 on Tuesday of the previous week. However,
after reaching this nine to ten years' low of Rs 105, the share rallied and rose to Rs 139.90 in just
two working days of hitting the lowest. A technical correction sent it back to Rs 118 on Wednesday
of the last week in intraday but before the markets closed it jumped to Rs 144 before closing at Rs
142.60. On Thursday, the share opened up with a bullish gap and rose to a high of Rs 164.80
before closing at Rs 159. Thus, the share has performed exceedingly bullish in the last couple of
7th September to 13th SMART
INVESTMENT September 2015 10
trading sessions and closed higher than the preaks of many preceding days and therefore, most
likely to attract fresh buying support that could take it further up in the days to come.
*Intraday & Short Term News For Monday* *Fii And Dii News* *TCI FINANCE LTD (501242 & NSE) (31)* Incorporated in 1973, TCI Finance Ltd (TCIFL) is a Non-Banking Finance Company (NBFC) registered with the RBI and engaged in the business of Inter-Corporate Deposits, investment in equities of bodies corporate etc. The Company was promoted by Mr. Mahendra Agarwal, who is also the Managing Director and CEO of Gati Ltd, a pioneer in express distribution and supply chain and promoted by TCFIL The Rs.2 paid-up share of Gati Ltd currently trades at Rs.113. TCIFL has one subsidiary - ITAG Business Solutions Ltd engaged in the business of Knowledge Process Outsourcing (KPO) in the domain of Intellectual Property Services. *It is co-promoter of GATI LTD. Company is holding 55,12,455 shares (5.09%) stake in GATI LTD. At CMP value of investments is around Rs.62.3crore. Equity is Rs.12.87crore. Thus value of investment works out to Rs.48.4 per share ...
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