Buy Allahabad Bank Ltd at Rs.130-131, before the company comes out with results tomorrow, i.e. 7th May, 2013.
Suzlon Energy Ltd, touched Rs.14.55, today, and is now trading at Rs.14.48. Watch for the stock to spurt in the coming days.
Buy Jai Corp Ltd at Rs.67, T--Rs.76, SL--Rs.64. Anand Jain (born 1957) is the Chairman of Jai Corp Limited, Navi Mumbai SEZ Pvt. Ltd. Mumbai SEZ Limited, Reliance Haryana SEZ Ltd & Urban Infrastructure Venture Capital Private Limited(UIVCPL). He has 25 years of experience in various businesses, with an expertise in real estate, finance and capital markets. Anand Jain was #19 on the Forbes India's 40 Richest list in 2007. He is regarded as a close associate of Mukesh Ambani.
SKS Microfinance Ltd where FIIs' holdings soared to 36%, today touched Rs.132.50 and is now trading at Rs.131.50. CLICK HERE. Last month it informed the stock exchanges that it has completed two securitization transactions worth, Rs.228 Cr. CLICK HERE.
Sarda Energy & Minerals Ltd recently informed BSE that the Board of Directors of M/s. Sarda Metals & Alloys Ltd., a wholly owned subsidiary of the Company, in its meeting held on March 18, 2013 has declared March 02, 2013 as the Commercial Operation Date for the 80 MW Captive Power Plant of M/s. Sarda Metals & Alloys Ltd. [SMAL] located near Vishakhapatnam (A.P.) The Ferro Alloys Plant of SMAL is also ready. However at present, on economic considerations, total power generated is being sold through grid. The repo rate cut by the RBI is likely to encourage investment in capital intensive sectors like infrastructure, where demand for steel products is strong, said industry officials. Domestic steel companies are also likely to hike product prices for the month of May on expectations of a rise in demand for the alloy. This may push up share prices of major steel companies in coming sessions. In the domestic market, steel long products find wide applications in the infrastructure sector, while flat products are used in the auto sector. Though the demand outlook is positive for steel from the infrastructure sector, muted demand for the alloy from automobile companies is expected to limit the upside in share prices of steel companies.The book value of the shares of Sarda Energy and Minerals Ltd is Rs.225.44. Now, with an EPS of Rs.44.70 and Market Cap of only Rs.382.34, the stock is available at dirt cheap price. The Investors should buy the scrip on all declines. CMP: Rs.103.