Hi this time its a quick and short posting related to the previous one !
For your kind Information , the above picture is of NewYork Stock Exchange(NYSE) :P
So lets come to the matter on what basis were those 4 picks made. To be true we looked at only "52 Weeks highlow and the current market price". So what did we understand from this and based on what expectation were these picks made are explained below.
Growth TableStock Name | @ NSE Price Rs. | 52Weeks High | 52Weeks Low | % Growth to reach 52WeeksHigh |
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SELAN EXPLORATION | 382.10 | 467.80 | 99.10 | 22.4% |
SUZLON ENERGY LTD | 74.75 | 145.70 | 33.05 | 94.9% |
UNITECH LTD | 72.30 | 116.65 | 24.60 | 61.3% |
YES BANK LTD | 245.20 | 287.75 | 40.60 | 17.3% |
So in the above table we can see the percentage growth to reach the 52 weeks High. So our expectation are that the market remains in the positive direction of growth and so a minimum growth of "10% +" for the stocks (1) and (4) and a "40%+" growth for the stocks (2) and (3). Hope this happens around the month of march. We will also try to see if we could add some more good picks :P FYI: The above % was calculated as (52Weeks High - @NSE Price Rs.)*100/@NSE Price Rs.Hope you got what do we expect from these picks!!! We will bring in more parameters for our new picks from here on!