Technical Analysis of Indian Equities by Nooresh


Navbharat Ventures, Dr Reddys, Godrej properties and Bombay Burmah Investment Pick !!



NB Ventures --- the stock can see a quick move to 240 + levels.

Disclosure: Recommended to clients and will also be mentioning on CNBC.




Dr Reddys --- Keep a close watch on 1700 mark.




Godrej properties --- I continue to favor this management and the above stock is the best in real estate space in terms corporate governance. Watchout for a move above 680 for quick 10-15% jump.



A quick Update on Bombay Burmah Trading Corporation --- the stock has been recommended yesterday.


Lets have a quick look


Through Leila Lands Bombay Burmah owns 50% in Britannia  --- Value 3150 cr

14% stake in Bombay Dyeing --- value 280 cr.

They showed a profit of around 130 crores from sale of two of its divisions. ( the slump sale was for almost 100 + 180 cr )

The company is more then 100 years old and the Real Estate it owns can be enormous πŸ™‚


So overall holding value should be a minimum of 3500 crores ( this is on quoted investments)

Current Market Cap – 650 cr.

The stock is available at 80% discount to its holding value.


We are giving no value to the tea and coffee estates  ( 2000 + hectares ) + real estate and many more subsidiaries. They also might be holding some stake in other group companies and majority of the assets would be at 1 rs πŸ™‚ in the balance sheet as its a 100 year old company.

So if the stock does go through some restructuring of assets and slump sales we can see a lot of Value Unlocking. My expectations is with the slump sales of sunmica and other divisions the management is clearly hinting towards Value Unlocking πŸ™‚


From current levels the downside could be limited to 400-420 levels fundamentally but upside can be anything :). The major reason to buy right now is technicals – Huge Volumes and Price Action πŸ™‚ .

Last year also in Mid 2010 we had picked up Bombay Burmah  at 400-450 and booked profits at 550-650 in short term on technical timing. The stock has been on radar for a long time. A similar stock is Bengal & Assam which has super but we may wait for a move above 250. Check detailed post on it --- Bengal & Assam Company


Disclosure: The stock has been recommended strongly to clients πŸ™‚



MUMBAI 25-26th FEB, 2012.


To know more contact: Kazim on 09821237002 or Asif on 09833666151



Happy Investing,


Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2787 articles.

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{ 7 comments… add one }
  • smit February 22, 2012, 00:43

    Hi Nooresh Sir,

    Do You Think Nifty 5700+ will hold?
    People Have Started Giving Targets of 5900-6300+ !!!
    Even Telling New High Will be made Before June 2012…

    What Does The Charts SAYS??? i personally feel after hitting 5700+ it will come back to 5400 around & again rise to 5900+
    Eagerly Waiting For Ur Views πŸ™‚

  • Dhiraj Mark March 1, 2012, 23:23

    Hello sir…do you think that Nava Bharat Ventures can move up, it has come down till 194/- level, do you think it is a buy now….

    warm regards
    Dhiraj Mark

    • nooresh March 2, 2012, 12:01

      Hi Dhiraj,

      Its a good bet ! Buy and be patient

  • Dhiraj Mark March 9, 2012, 10:55

    Nava bharat ventures on song today…. trading with huge volume today…
    Dhiraj Mark

    • nooresh March 9, 2012, 11:01

      Yes seems to be some block deal which took place.

  • Dhiraj Mark March 11, 2012, 12:17

    Well well!!!! Nava Bharat ventures – Promotors have purchased around 15 lakh shares from open market, something is cooking here… huge huge volumes on Friday as well… hope it start running and never stop πŸ™‚ ….

    warm regards
    Dhiraj Mark

    • nooresh March 12, 2012, 00:29

      Keep patience and a stoploss.

      Let the markets do the move. Low liquid midcaps only take a few sessions to make their move.


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