Hot Chips - Praj Industries

Dalal Street has witnessed its best ever post-election rally in its history on May 18, 2009. The market surged by over 2,110 points in just two odd minutes of trading. It touched the upper circuit twice and the trading had to be halted for most part of the day. A few of the leading fund managers from the industry expect the current rally to be a short-term rally and state that the mid-cap and small-cap stocks will outperform. Technically, the counter has witnessed good trading as well as deliverable volumes on the bourses. This surely indicates that there investors who are definitely interested in the counter. On the derivatives front the counter seems to be attractive on account of the heavy build-up in the F&O segment. And as per a few of the leading brokers, the counter might continue witnessing a further increase in the investor’s interest. Thus investors with short to medium-term investment horizon can invest in this company.