Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" in the hands of "UP ka Beta", will invariably bring Shame to the Biharis and Jharkhandis. So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar. This might also probaly correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar...



Wednesday, February 20, 2013

Market Mantra
Much Awaited Rally In Small And Mid Cap Space Has Started. However, the government should come out with schemes to attract the retail investors.
Southern Online Bio Tech Ltd hits the buyer freeze, as expected after good Q3FY13 results. The company has a sure shot story to bring in cheers in the minds of the investors. 
Tulip Telecom Ltd hit the buyer freeze, in the opening trade due to some positive developments. There is as such no problem in the company, except some selling by some entities. The debt will be  solved once CDP Scheme gets approved by a consortium of banks, which I feel is more or less given. One should buy the scrip, in all declines, and wait for the CDR package to get implemented. If you fail to purchase the scrip when distressing selling is going on then you would be one of the greatest losers in the next couple of months. It is important to mention that Nomura Equity Research, in its latest recommendation has suspended rating of Tulip Telecom from neutral on delays in foreign currency convertible bonds (FCCB) redemption, weak operational trends and data centre utilization, but when their earlier predictions has not worked, how will you believe that this time it will work. It is important to note that, Nomura earlier in December, 2010 gave a buy on the scrip with a price target of Rs.230, against a closing price of Rs178.15. The stock market does not behave in  this way. CMP: Rs.12.80.
Yesterday, Glodyne Tech Ltd hit the buyer freeze. Today also it is up more than 2%, on the news that,  the company gave in-principal approval for preferential allotment of shares to private equity and other investors. I am expecting a series of upper circuits in the coming days, till Rs.21-22. 
Kingfisher Airlines Ltd (KFA Ltd) has started paying salaries to its employees and is approaching the aviation regulator seeking a license renewal. Airports Authority of India (AAI) may consider giving a no objection certificate to the airline if it clears dues of 1.17 bln rupees and gives bank guarantee for the remaining. This will have a positive rub off effect on the shares of United Breweries Holdings Ltd, which (KFA Ltd) hit the upper circuits in the morning trade. CMP: Rs.64.70. 
IVRCL Ltd recommended both the Paid and Free groups around Rs.28-29, today touched Rs.31.90. I am again repeating, most of the construction counters are expected to do well in the coming days, as the interest rate trajectory has reversed. The other two stocks which I strongly recommended earlier are ARSS Infrastructure Ltd (CMP: Rs.42) and IRB Infra Ltd (CMP: Rs.117).
Geodesic Ltd as expected hit the buyer freeze at Rs.14.05. The scrip should have been averaged by those holding long back. These are blue chips and you never know when they start hitting buyer freeze. I have earlier mentioned about Tulip Telecom Ltd (Rs.12.80) and Glodyne Tech Ltd (Rs.14.15). 
The Indian Markets as anticipated, traded range bound yesterday for first half. It was more or less a dull session. However, strong buying interest during second half pulled Nifty straight to 5947 without any correction and Nifty settled at 5940 with a gain of 42 points.
A sharp "Bounce Back" from the level of XXX (Join the Paid Service to get the Full Report) shows an end of correction and increasing possibility of resumption of uptrend. The Nifty seems to have formed a temporary bottom. Since the morning Nifty is firmly held above 5920--5940 (Spot) ranges, which gives further confidence to the bulls. Buying has also continued in the MID and SMALL CAP space. Long position can be taken with a stop of XXXX (Spot). Nifty Spot is now at 5940.