Investors now have the leisure of picking up shares of some of the renowned names in the market today. These well-known stocks are now available at less than Rs 100 a share.
Centurion Bank of Punjab, which lost 1.17% during the week ended September 8, 2006 is a 'Hold' recommended by Citigroup with a target price of Rs 29. Biggest loser in the pack is Godrej Industries which recorded a loss of 4.24% in the period under consideration. On September 4, the stock was trading at Rs 99.05 and later fell to Rs 94.85 on September 8. The company also registered a 4.24% loss in market cap during the week.
Among the gainers in the week are Noida Toll Bridge and Hotel Leela ventures. Noida Toll Bridge is currently trading at around Rs 37 and according to a BRICS PCG report "the growth in revenue both in terms of increase in traffic growth and increase in toll realization augurs well for the future profitability of the company." It has reiterated `Buy' reccomendation with a target price of Rs 59.
Hotel Leela, on the other hand has managed a 19% jump in its share price in the week between September 4, 2006 to September 8, 2006. An India Infoline report on Hotel Leela Ventures has reiterated 'Buy' rating on the stock with a 12-month traget price of Rs 380.
List of midcap stocks trading below Rs 100 on Page 2
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Dont see mkt going anywhere now; like Bharat Forge: Dipen