Orchid Chemicals and Pharmaceuticals have pledged about 80% of their holdings, as per the disclosure made to the stock exchanges. The move comes after the promoters increased their stake by 4.3% via the creeping acquisition route this year.
This stock is looking weak on charts and with many negative news flows this stock can be better avoided in my view. Bearish doesn’t mean one should short sell it would be better avoided as there are 3000 stocks listed and few stock can be avoided as previously we did caution of IVRCL & ABAN and market takes many months to readjust itself.
http://economictimes.indiatimes.com/features/investors-guide/Biocon-a-good-bet-for-mid-cap-space/articleshow/5710156.cms Biocon a good bet for mid-cap space
Training seminar one day in Mumbai on 02/April/2010 Friday (Holiday) on Techno-Fundamental analysis by A.K.Prabhakar assisted by Mr. Tanmay Gopal and Mr. Miraj Vora. Previous response shows me that many who follow me wanted to meet and interact so that they get better feel of what to understand of my postings. http://akprabhakar.blogspot.com/2010/03/mumbai-techno-fundamnetal-training.html
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