STOCK BUZZ

Bhupendra Sharma, vice president, Hornic Investments, said that today (August 31) market remained strong and closed firmly. Market has now slipped into bullish zone as it has breached the current resistance level of 4,325. From here onwards, it is expected to touch new highs. Metal and steel sector performed well today. Major gainers include TISCO and Reliance Industries. According to him, NSE Nifty may cross 4,500 level on Monday, mixed trend could be seen. Heavy weights like Reliance Industries, Reliance Capital, TISCO and Ranbaxy might lead the rally. Midcaps will also continue to perform. Among mid-caps he is bullish on Prakash industries, Kaveri Retailing and vaibhav Gems. Ashwin Gada, senior dealer, Networth Stock Broking, said that today (August 31) market was good. It closed up 197 points on the back of good Asian markets. Broadbased buying was seen in the market. Mid-caps also traded well on the bourses. He is bullish on the market and expects it to move further up by 100 to 1

One of the main problems now with the real estate stocks is that we had too many listings and odd many alternatives available for investments . Even though it's matter of price, even in terms of market cap it's not a cheap stock by any standards. They have a lot of construction going on but one has to remember that we are not having this same demand push in real estate that we had before even though prices are intact. So how this supply is going to act up with marginal players or new players like Puravankara and the brands that they have. I think that's something only time will tell and I would remain cautious investing in such stocks

TVS has been consistently disappointing investors due to numerous reasons, it could be some time the product not getting ramped up or some problem in manufacturing, and acceptance from the market side

Buy Sangam INDIA Rs 53 to 54 30% Hike Buy UCO bank at Dip Long term stock