It is a global player in transmission and distribution of power. With nuclear deal going ahead, it might benefit from it. Areva T&D
Look at recent news item:
Areva plans big play in
After IAEA unanimously cleared India-specific safeguards agreement, World's largest firm, Areva NP of
Areva has two separate companies-one for nuclear power generation, Areva NP and another for transmission and distribution, Areva T&D.
Both subsidiaries will benefit if the parent company starts engaging in nuclear power.
Its home page:
In the past, Business Standard has reported this stock on
I am producing the BS report. It comes in stock watch section.
Areva up on nuke deal survival hopes
DALAL STREET SPIKES
BS Repoter / Mumbai
Areva T&D moved up by 2.24 per cent to Rs 1,367.60 after media reports said that the government might try to save the beleaguered Indo-US nuclear deal. Areva is one of the major global players for making nuclear power reactors.
The scrip opened at Rs 1,350 and went on to achieve Rs 1,416. It hit a low of Rs 1,341 during intra-day trades. A total of 55,404 Areva shares changed hands at BSE. The scrip has gained 2.89 per cent in the last week and has fallen 13.26 per cent in the last one month.
A chart from nseindia.com. I couldn’t get older data as it changed its name from Areva to ArevaT&D on July 14. Even with older name I couldn’t get data older than June 30.
A look at icharts.in data shows a better picture. The stock is clearly in uptrend.
As the volumes show, it moved up till July 23 with huge volumes till 1800 and found resistance there. After that it is consolidating with lesser volumes. Next move (legit) can be expected anytime soon as the price is nearing the red line (20 day moving average). A price near 20DMA = 1540, can be good to buy. It has bounced once on 25 July from 1600 and on 1 Aug also it bounced from 1600. It seems 1600 is strong support and if it is not broken we can safely enter the stock with stop loss at 1575 and wait till it makes its next upmove. That must be associated with good volumes. It need not be as high as previous times. Once a stock establishes or reverses a trend with sudden surge in volumes, it doesn’t need such volumes to continue the trend. Many stocks have shown such behavior in the past.