RESPONSE TO READER'S QUERY: @NR 16/9/11 TUBE INVESTMENTS

The Price Charts for TUBE INVESTMENTS are pretty OK. It has a good support at 139 levels and below that, a stronger support at 131 levels which seems unlikely to be broken any time soon. On the upside, the first resistance is at 148 levels and a stronger resistance at 155 levels. Confirmation of sustained uptrend only if it trades consistently above 159 levels.

Looking briefly at the FUNDAMENTALS, they look pretty good in terms of growth visibility and trajectory over at least the next couple of years. Solid pedigree; good diversified sectors ranging from Bicycles, Auto ancillary to Engineering and Precision tubing etc. Good leadership position in at least two of these segments.etc. The standard negatives being the metal input cost volatility as well as capex funding uncertainties due to the adverse Interest Rate regime.

Holistically speaking, TI seems to be a good Stock to have in your long term Portfolio; not spectacular but safe and steady. I would be a buyer in the 130-140 range for sure, with a long term outlook.