WINNING STROKES: THINK DIFFERENT
Back to basics |
Lanco Infratech Ltd recommended to the Paid Groups around Rs.13--13.20 touched Rs.13.75 today. I have some positive news on the company which I will place in this blog, within some days. The stock is probably headed towards Rs.19-21 mark, in the coming days, if the market condition remains buoyant.
Prajay Engineers Syndicate Ltd recommended today to the Paid Members, moved by 2.74% today. This stock is expected to become multi-bagger in the coming days. I have already listed some of the projects the coming is doing at the present moment and in future some more inputs on the same will be given. For details CLICK HERE.
A buy call was initiated in Kohinoor Broadcasting Corporation Ltd and which took it nearly near the upper circuits. As of today those who are still not holding the scrip, should take position immediately. Also buy Unitech Ltd at Rs.22.90 for a target of Rs.30, in the coming days. The government has rolled back the proposed 1% tax deduction at source (TDS) on transfer of immovable property---this is expected to bring some cheers to the Real Estate scrips in future.
Sanguine Media Services Ltd hit the 11th consecutive buyer freeze. The stock could be heading towards Rs.10, in the coming days. Buy STC Ltd around Rs.255-256, T--Rs.320, SL--Rs.235. The State Trading Corporation of India Limited, together with its subsidiary SCTL Limited, engages in trading agricultural and non-agricultural products worldwide. The company primarily involves in trading gold, crude oil, and hydrocarbons. It exports various agricultural commodities, including wheat, cashew, coffee, rice, tea, tobacco and rubber, sugar, extractions, opium, HPS groundnut, spices, castor oil and seeds, and jute goods; and manufactured products, such as chemicals, drugs and medical disposables, engineering and construction materials, consumer products, textiles and garments, leatherware, processed foods, iron ore, and steel raw materials. The company also imports edible oils, sugar, wheat, fatty acids, and pulses; and hydrocarbons, gold and silver, minerals/metals, petro-chemicals, fertilizers, scientific instruments, hospital/ police equipments, FMCG goods, and IT products. The State Trading Corporation of India Limited was founded in 1956 and is based in New Delhi, India. The point to be noted here is that most of its Peer Group companies closed in the GREEN today : Adani Enterprises Ltd (276.30 up 2.73%), Shree Global Tradefin Ltd ( Rs.99.55 up 4.96%), Newtime Infrastructure Ltd (Rs.57.35 up 4.65%), Vaarad Ventures Ltd (Rs.38.00 up 0.26%). Another point which I want to hammer through is that, the Promoters hold a whooping 91.02% (which means they must go for compulsory dilution of stake, probably triggering an open offer), Mutual Funds / UTI hold 0.00% stake, which indicates that there are chances for them to pick up stake, before the stake dilution actually takes place, FIIs/Banks hold 2.17% (FIIs-1.03%, DIIs-1.14%), Corporate bodies hold 1.49%, while Others (non-Institutions) hold only 6.81% (Which means only around 4.01 Cr is left, where most of the daily trading is concentrated) of the stake of the company, which implies there is very little free float (the equity capital is only Rs.60 Cr) in the market and this factor alone could drive the price of the scrip above Rs.350 in the coming days. If any open offer comes the scrip could shoot past Rs.500. For more information, please CLICK HERE.
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