Tuesday, July 03, 2012

Indiabulls Securities Ltd hits another buyer freeze in the opening trade. The stock was strongly recommended yesterday. Today the scrip closed at Rs.9.55 up 4.95%. 
Today Reliance Power Ltd moved to Rs.107.50 before staying range bound throughout the day. The company is expected to get benefitted from the rupee appreciation and fall in the international coal prices. Moreover, the company is expected to complete a couple of mega projects within a couple of quarters. Therefore please go for delivery based buying of the scrip. Those who are holding Suzlon Ltd, please book profits and enter Reliance Power. It is a huge company and according to Wikipedia: "Along with its subsidiaries, it is presently developing 13 medium and large-sized power projects with a combined planned installed capacity of 33,480 MW". Reliance Natural Resources merged with Reliance Power in 2010, shortly after its initial public offering--so it is basically two companies merged into one company. Therefore without delay, please complete buying by tomorrow. If you remember the upper cut off price for the bid in its IPO (Indian Public Offering) was Rs. 450. You are getting the same share after more than  4 years almost 1/4th (One fourth), the IPO price. According to Wikipedia: "On January 15, 2008, the company attracted $27.5 billion of bids on the first day of its initial public offering (IPO), equivalent to 10.5 times the stock on offer, thereby, creating India's IPO record. The upper cut off price for the bid was Rs. 450. The proposed IPO was to fund the development of its six power projects across the country whose completion dates are scheduled from December 2009 to March 2014". Therefore, buy it like a bank Fixed Deposit and keep holding. I am expecting the scrip to cross Rs.150, within the next couple of months. Today, the scrip closed at Rs.106.20. Please find the chart in this URL: http://sumanspeaksplus.blogspot.in.
My recommended Prajay Engineers Syndicate Ltd hit the buyer freeze on the opening trade. The stock was recently recommended again after some positive reports from the sources close to me. This is the 3rd consecutive buyer freeze. The stock today close at Rs.6.64. 
Today, Allied Digital Services Ltd was recommended to the Paid Groups at around Rs.25.5, for a target of Rs.44. The scrip today touched Rs.26.80, before closing at Rs.26.15. 
Start accumulating Jai Balaji Industries Ltd at around Rs.33-34. The stock today, gave a break out intra-day but could not sustain. Those who are holding can continue to add the scrip on all declines. 
Kohinoor Broadcasting Ltd hit the buyer freeze, in the opening trade before closing almost near the circuits. The first part of the story of launching KBC News and setting up earth-stations capable of up-linking upto 8 channels is over. Now comes the 2nd part of launching its entertainment channel, KBC Gold and the 3rd its renewable energy projects. 
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