Monday, January 14, 2013

Southern Online Bio Tech Ltd  hits another buyer freeze today. The market cap of the company is still very low and is placed at Rs.16.68 Cr, which is even less than Q2FY13 revenues, forget about the whole year. For the whole year, FY12, the total revenues is Rs.91.51 Cr which is more than 5 times the current market cap of the company. With the interest rate coming down, the company is expected to retire its high cost debts with the low cost ones. So, overall, we have a positive stance on the company, which is into making of bio--diesel. 
Suzlon Energy Ltd, as expected moved up and closed near its day high. On the last Friday, I, asked all to accumulate the scrip, and those who have done that on that day and today in the early hours, must be sitting up with huge gains. If you still do not know how to play a turnaround story, after making money in Ennore Coke Ltd, then God help you. These are blue chips stocks and whenever one gets the opportunity, they should accumulate then for short term targets.
With the interest rate coming down in the near future, the time has come to think of the companies who are making building materials, eg, those from the Steel, Cement, Glass, Sanitary Ware, Plastics (Doors and Buckets), Plywood, etc. With Ashapura Minechem hitting buyer freeze today, and OMDC, showing good movement, I am hopeful that soon, Jai Balaji Industries Ltd, will cross Rs.42 and Prakash Industries Ltd crossing Rs.57. 
I have recommended two stocks from the IT space (as the space has suddenly turned bullish) and have a good news on another one, join my Paid Service, or my Brokerage House, to get to know, which are those scrips and what to do with my other recommended counters. That markets would move up today, has been  predicted by me yesterday, in Facebook, in response to a report in Hindu Businessline. You can still find the report on my profile.