Thursday, July 05, 2012

Market Mantra
Reliance Power Ltd touches Rs.111 today, after the positive news emerged in the counter. The valuation of the company is extremely low considering its own valuation and valuation of erstwhile, RNRL. The stock has given a break out and in all probability it should touch Rs.135, in the coming days. Today also, the scrip is moving up with huge volumes, already almost a million share have been traded on the bourses.
Vijay Shanti Builders Ltd hits the buyer freeze in the opening trade. The stock today also moved up with good volumes which implies that buyers are entering the counter in lots. The government has extended the 1% interest subvention scheme on housing loans for a year. The decision was approved by the Cabinet in its meeting on Tuesday. This is positive for the company. 
Country Club India Ltd has started to inch up, after the news on FCCB. Today, the Paid Members were asked to accumulate the scrip in all declines. The CMP of the scrip is Rs.7.40---it is moving towards Rs.17-19, in the coming days. 
Kohinoor Broadcasting Corporation Ltd hits the 3rd consecutive buyer freeze. The news is too good for the company and it is time that the scrip will touch Rs.9-10, once again. 
My strongly recommended the blue chip Indiabulls Securities Ltd (BSE Code: 532960) is moving up today and it touched Rs.9.55 intra-day. There are few shares left for trade and it could hit the buyer freeze at any moment. 
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