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...



Friday, May 10, 2013

Market Mantra
The markets witnessed profit booking yesterday. It traded almost flat for entire day but went in for some profit booking at the end of the trade. Nifty made a high of 6084 and low of 6040 before settling at 6050 with a net loss of 19 points. Now, the Nifty  (Spot) has overcome the resistance of 6000 with ease after a small correction, itself indicates the underlying strength of the market. Nifty has resumed the upward journey after taking double intraday support at 5930.The traders can hold on to their longs, with a SL of 5900 (The rest of the details are for the Paid Members).  
Note: It would be difficult to make money in these kinds of market conditions, only following this blog, as there are lot of suggestions, last minute news and tips sent to the Paid members during the market hours to maximize their returns, which are not put here. Hence, either join my recommended brokerage house or my Paid Services, to stay ahead of others and to make money from the markets on a consistent basis.
Buy Orchid Chemicals Ltd at Rs.67.50, T--Rs.77-78, SL--Rs.62. Last Tuesday, Shubhalakshmi Panse, chairman & managing director, Allahabad Bank said the following regarding Orchid Chemicals Ltd, in replying to the question from a Business Channel:  "I heard you say Orchid Chemicals. Could you tell us the total exposure and are you classifying that as an NPA, all of that?"CLICK HERE:  "It has already become NPA, Rs.230 crore because there are some 18 banks involved. I believe there is an investor who has already brought in money. However, the money has not been distributed by the bank with which it is deposited because the bank was waiting for clearance from all the banks.Of the 18 banks, 17 banks have given the clearance, for one bank the money was not distributed. That is why the account became NPA. Once the last bank comes the concerned bank will distribute the money and this account will immediately come out of NPA", Shubhalakshmi Panse, said. CLICK  HERE.
POSITIVES
  • ENERGY: The govt has eased environment and forest clearance norms to increase coal output and ensure time-bound completion of infrastructure projects. Positive for Sarda Energy and Minerals Ltd ((CMP: Rs.106.05).
  • MINING: The Odisha govt has increased iron ore mining cap for two of its mining circles, Joda and Koira, for the current financial year, a source said. Positive for Sarda Energy and Minerals Ltd (CMP: Rs.106.05).
  • RETAIL: Foreign multi-brand retail chains would not be restricted to invest the mandatory $50 mln to greenfield facilities alone and are free to buy a brownfield project with the same investment.
  • COAL INDIA: The power ministry will approach the cabinet committee on investments to sort out differences with coal ministry over quality of coal supplied by Coal India. An inter-ministerial group has approved 10% equity sale in the company, which is expected to fetch over 170 bln rupees to the government.
Those who are holding Hindalco Industries Ltd (CMP: Rs.105.40) should continue to do so with a SL of Rs.102. The scrip has been moving up since the last couple of days, due to optimism surrounding the copper prices.  CLICK HERE
Jai Corp Ltd, an Anand Jain managed company has come up with good set of numbers for Q4FY13. Net profit of Jai Corp Ltd rose 80.30% to Rs.18.30 Cr in the quarter ended March 2013 as against Rs.10.15 crore during the previous quarter ended March 2012. Sales, however declined marginally by 10.79% to Rs.161.71 crore in the quarter ended March 2013 as against Rs.181.26 crore during the previous quarter ended March 2012.  Jai Corp, incorporated in 1985 is traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate. CMP: Rs.66.40.

Particulars Jai Corp Ltd Quarter Ended Year Ended

Mar. 2013 Mar. 2012 % Var. Mar. 2013 Mar. 2012 % Var.
Sales 161.71 181.26 -11 632.66 617.09 3
OPM % 12.78 5.56 130 11.35 9.09 25
PBDT 32.82 21.46 53 126.71 156.89 -19
PBT 28.35 17.05 66 108.69 139.59 -22
NP 18.30 10.15 80 74.89 98.93 -24