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Tuesday, April 16, 2013

Market Mantra
Both Reliance Mediaworks Ltd (Rs.49.80) and Reliance Broadcast Network Ltd (Rs.27.10) hits the upper freeze in the mid-afternoon trade. The scrips were repeatedly recommended in this blog.
My yesterdays' recommended Allahabad Bank Ltd rose to Rs.133 and UCO Bank Ltd rose to Rs.63.90. Also, both the IVRCL Ltd (Rs.20.20) and Reliance Communications Ltd (Rs.84.50) are doing fine today. Since the interest rate is coming down in the near future, all the companies who took loans keeping shares as PLEDGE, would also be benefited. That is why we are witnessing a sharp spike in the share price of some some of these companies.
Tulip Telecom Ltd (Rs.13.75) hits the buyer freeze in the opening trade. The stock was repeatedly recommended as a buy in this blog. 
Kingfisher Airlines Ltd (Rs.6.87) hit the lower circuits in the morning trade. But there is as such no negative news on the company, at the present moment. The company has submitted its revival plan, and we need to wait for some time,   for any news to come out from the office of DGCA. Some news portals are writing, "Kingfisher Airlines Ltd hits record low on bleak revival chances"---this is not at all correct. The scrip fell because of the negative sentiment generated after lenders invoked pledge shares. CLICK HERE.