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ENGINEERING PORTFOLIO

Patel Engineering is engaged in civil engineering and construction activities. The company operates through three segments: Civil Construction, Real Estate and Others. The company is planning to reduce its debt by 50 per cent in the next 12 months through two channels; one is monetisation of real estate and arbitration awards. As per our sources this is major trigger for the stock and it is likely to appreciate in the short term. If the buzz in Dalal Street is to be believed, one can test Patel Engineering at this time.

STAY JUBILANT

Jubilant Industries Ltd. is the flagship Company of Agri and Performance Polymers business of the Jubilant Bhartia group. The price movement in this counter over the recent past has been very good with large volume. The stock price is expected to see further up-move. Some HNIs and big market punters have taken long positions in the stock, and are expecting it to move in the northward direction. Therefore, the stock can looked at for short-term trading gain.

JUST BLISS-ED

The fall in the rupee’s value to record low levels a couple of weeks back is coming to the rescue of exporters in the December 2016 quarter, as the rupee plunged to 68.86 against dollar on November24, the outlook for exporter have brightened. Exports accounted for the majority of its revenues. Hence, this stock is a good buy for the short term. Also there are much talks among a section of top brokers and investors about Bliss GV. You can put in some money in it for sometime if the WoM is to be trusted

AND FINALLY ...

State-run Gujarat Alkalies and chemicals for the first half of the financial year 2016-17 posted net profit of Rs.174 crore as against Rs.90 crore in the same period last year, showing a sharp growth of over 92 per cent. Due to correction in the market, the stock has witnessed a dip in the price and this dip can be utilised to buy the stock for short term gains