Monday, January 07, 2013

Market Mantra
Kohinoor Broadcasting Corporation Ltd hits the buyer freeze in the opening trade. There is good prospects of the company going forward.
Buy Buy Crest Animation Studios Ltd (BSE Code: 526785) at Rs.17, T--Rs.27, SL--Rs.15. The company is rumoured to  have started work on some pending projects.
Southern Online Bio Tech Ltd, hit the buyer freeze in the opening trade. There is a long story in the company, with the government   is talking of increasing the price of diesel every month and removing subsidy in petroleum products, in a phased out manner. On what basis the circuits are lowered by the stock exchanges? They should come up with a white paper on the same. But their recent behaviour seems to be based on some whips and caprices of the surveillance team. Or else, why were the circuits of some of the scrips like Lok Housing, Southern Ispat and Power Ltd, Cinemax India Ltd (it became 3 times in less than 3 months but still the circuit did not go below 5%), BCC Finance, and a host of others NOT lowered inspite of them hitting repeated upper circuits. Meanwhile, Southern Ispast moved from Rs.3.40 to Rs.8 plus in less than 2 months but still the circuit was not lowered. This kind of arbitrary decision cannot be accepted by shareholders. Many would consider this to be a pure case of manipulation of the market by the exchanges themselves, unless they show the reasons for this AMBIGUOUS decision. 
Manappuram General Finance Ltd touched my 2nd target of Rs.42, as it touched Rs.44. The company is into gold finance business.