NEWS FOR THE WEEK AHEAD

1. FM may embark on an austerity drive to control planned expenditures. Will that be a speed breaker on the way to faster growth embarked on 15 September 2012?
2. L&T Finance is on a buying spree and will sustain the growth momentum on the back of a strong and diversified business portfolio and increasing overseas presence. An investment banker puts its price at three digits soon.
3. Idea Cellular is the safest bet in the telecom segment. Look at its steady price compared to the decline in Bharti Airtel and RCom. Large investors are switching to Idea from the big giants. What an idea indeed sirjeee!
4. Watch out for action in the Rain Commodities counter as its promoter diversifies into processing coal tar pitch with the purchase of a Belgian Coal tar firm for $915 million.
5. IRB Infrastructure stock has been hit because of its close links with BJP Chief Nitin Gadkari. This stock, which has hit a high of Rs.209, should be accumulated if it falls below Rs.100 level.
6. Balaji Amines is now in a strong bull grip and heading for the century mark. Hold on to your positions.
7. Share price of J Kumar Infraprojects has shot up significantly in the last few months. Book profits and start accumulating Jai Hind Projects.
8. JK Tyres looks strong on the charts. Scrip may appreciate 20-25% in the short-term. Keep a close watch.
9. A technical analyst recommends Ferro Alloys, Gujarat Alkalies, IMP Power, Paushak Ltd. and VTM Ltd. as hot buys for this week. TOWER TALK