Monday, July 30, 2012

My recommended IRB Infrastructure Ltd moved up to Rs.126.40, before closing at Rs.125.60. The company came out with superb set of numbers for the Q1FY12. Join my Paid Service or my recommended Brokerage house to get a direction in the markets. Those who are joining the brokerage house with Rs.2 lakhs now, the Paid Subscription is free for them for 2 years. Those who have filled the form and is waiting for the Opening of the Equity and Commodity trading accounts, are requested to make arrangement for the funds in between, so that we can start immediately. Those whose accounts have opened are suggested to deposit the funds at the earliest.Thanks to all, for your overwhelming response.
I have my taken position in Anant Raj Industries Ltd at Rs.48. I am expecting the scrip to cross Rs.56 in the next few trading sessions. If the RBI goes for a rate cut (which is most likely) tomorrow, to give a boost to the economy, then most of the real estate scrips will shoot. Rising interest rates had been a cause for concern in many households servicing existing loans or planning to borrow money. I however, do not think that there is any chance of a CRR cut. The CRR or Cash Reserve Ratio is the proportion of funds that banks require to deposit.
Vijay Shathi Builders Ltd, one of my strongly recommended counters, touched Rs.19.43, before closing at Rs.18.93, up more than 4% from yesterdays' close. The stock is expected to give superb returns in the next few weeks.
Now start accumulating Prakash Industries Ltd at around Rs.59-60, for a target of Rs.72. The Q1FY13, results of the company according to my sources are expected to be good.  The BOD have recommended a dividend @ 10% i.e. Re.1 per equity share of face value of Rs.10 each.
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