Short term target for MTNL?

Query: Thanks for your advice for Reliance Petro and I am also regular reader of thebullishtrends. I appreciate your service which is very useful for us. But I dont get any feedback for my recent queries about Ispat Inds and WWIL etc., I have posted my queries to this ID only it is right or otherwise where should I send my queries please help me. I am holding MTNL 500 shares at Rs.195. What is the short term target? should I hold or sell?? Sathya Raj

Thebullishtrends: For WWIL please search in Query Trends we have already posted detail analysis of WWIL. Technically ISPAT INDS (Cmp:Rs.69) Short term indicators are suggesting to sell this stock, but company is having aggressive plans you don't look for short term gains on this scrip hold it for long term If you cannot wait for long term then exit from this scrip and invest in better stocks.

MTNL share price closed today at Rs.196.50 MTNL is having one lac square feet land in Mumbai as per the latest reports it is likey to announce development plans for a Mumbai property before March'08. When you see its 2nd quarter financials its operating profit margins are coming down compared to Q1 and at the same time there is a dip in net profit marings compared to Q 1 and compared to last year the same period.

Techincally the scrip is bearish phase you advised to hold this till FE08 results comes. Meanwhile the company is having huge land property in prime location at Mumbai this is only the reason to hold this scrip at present movement.