TILAKNAGAR

I get bombarded with questions on Tilaknagar Industries, which was my favorite a few months back, but has now met all my targets.

 

On 1st October 2010, when TI was at 84 [My original target of Rs 81-82 was long met], I had mentioned that you can accumulate further Tilaknagar Industries shares at current price and on dips (support at 77).

 

My ORIGINAL SUGGESTED entry price was Rs 60. And on Oct 1, I revised the 1-year target (Sep 2011) to Rs 122 (+45% from CMP).

 

And then TI touched 148 on Nov 10th, up by 140% in just 4 months. Tell me how much more can a stock run? It should consolidate now between 92-105. It can scale back to 140-145 after consolidation. It has run ahead of its valuation, but fundamentally, it is still a long term portfolio stock.