Tata plans to open 50 to 100 Ginger hotels within the time span of 3 to 4 years with an average of 100 rooms per hotel leads to an aggregate of 50,000 to 1 lac rooms. The company commenced work on hotel in major cities like Chennai, Surat , Indore, Tirupur, Manesar and Lucknow and noe they built partnership with IRCTC for more bookings. At present Ginger hotels present across 20 cities in all over India its occupancy rate raised from 65 percent in the past to 75 percent and all the rooms were booked for new year and Christmas, so the company in the near future has good growth and the status is BUY.
Jindal Steel & Power Ltd:
As per the technical analysis the stock has been going through ascending for the past few weeks, however the bottom formation during consolidation will clearly indicate active buying during subsequent dips. The pattern is formed at the higher end of the rally, with volumes and momentum being in sync and probably suggests that the stock is getting ready for some tremendous move on higher side. The technical set up on charts is interesting and promises to drive the prices higher once the follow up buying is seen in today’s session. So it is advised to buy the stock in the range of 740 and the SL is 720 target 880.
Bharat Forge :
It is a leading global full service provider of forged and machined engine and chassis components, it is found that prices managed to hit 50% retracement level of the last falling primary led March 06-Dec 08, around 277 levels around which it also managed tocomplete a nice rounding pattern (orange line). In doing so prices managed to exceed a descending Gann line resistance (green line) but were simply unable to breakout from the accumulation pattern and 50% level, With the overall sentiment still looking bullish and no reason to think otherwise, it is recommended buying this one above 280 with target of 350/395.
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