Tuesday, May 07, 2013

Market Mantra
Brandhouse Retail Ltd hits the buyer freeze in the opening trade. The scrip is from the reputed S Kumar's group. CMP: Rs.2.59. 
My recommended Jai Corp Ltd today touched Rs.68.60. Anand Jain 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)--hence we do not have to worry much about the company. 
Steady upmove is seen in Suzlon Energy Ltd since the last couple of days. CMP: Rs.14.65. After restructuring the scrip is expected to move up
Sarda Energy and Power Ltd today touched Rs.106.75. The scrip was strongly recommended as a buy, for a short term target of Rs.117--121., In the medium term the scrip is expected to touch Rs.146. 
There is a mad rush to sell the shares of Tulip Telecom Ltd (CMP: Rs.20), as if the company is going to close down tomorrow. Yes, if you have purchased at a much lower price, then it is natural to book some profits, but why should those who purchased at higher price book loss, when the company has restructured its business? Also, the same is happening in case of AANJANEYA LIFECARE LTD. 
SKS Microfinance Ltd today touched Rs.133 intra-day and Allahabad Bank Ltd touched Rs.133.90. While, the former will come up with Q4FY13 result on 8th May, 21013, the latter is going to announced the results on 7th May, 2013.