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B. Krishnakumar

Sakthi Sugars (Rs 111): The stock was covered in this column earlier (edition dated September 18).

The share price breached the then-mentioned stop-loss level of Rs 90 and dropped to a low Rs 68.

The stock went into a much deeper correction than what was expected.

As mentioned earlier, this has not negated the earlier view of a rally to the Rs 125-130 range.

The subsequent price movement has validated our earlier stance and the stock appears on course to move to the target zone.

A move to Rs 140-145 may materialise on a close above Rs 130.

The positive view would be negated on a close below Rs 90.

Investors holding the stock for quite a while may settle for a stop-loss at Rs 90. Risk averse investors may settle for a stop-loss at Rs 97.

Omax Auto (Rs 153): The share price has been in a corrective phase since September, when it had touched a high of Rs 165.

The corrective phase appears to have been completed at the recent low of Rs 136 and the next leg of the rally appears underway.

The stock could move to the target zone of Rs 195-200.

The positive view would be in force as long as the stop-loss level of Rs 130 is not breached. Remain invested with a stop-loss at Rs 130.

Fresh exposures may also be considered at prevailing levels and on declines, with a stop-loss at Rs 130.

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