Thursday, May 02, 2013

Market Mantra
Morning Call on ARSS Infrastructure Ltd (BSE Code: 533163) at Rs.31, saw it rise by more than 5% in the morning trade, CMP: Rs.32.70. There are some positive news on the company. Besides, after corporate restructuring, the stock should move vertically up from here. 
Tulip Telecom Ltd hits another buyer freeze in the opening trade. The stock is locked at the Upper Circuits at Rs.21.55. The company has a solid business model and this was repeated in my earlier write ups when the share fell to some abnormal levels.
Buy Suzlon Energy Ltd at Rs.14.50, T--Rs.22, SL--Rs.13. The company's German subsidiary REpower Systems SE has announced an organizational restructuring that would spruce up its operations and cut costs by 100 mln euro, or Rs.7.1 bln (1 Bilion= 100 Cr), in 2013-14 (Apr-Mar). Also, continuous rate cuts by the RBI will help it in terms of lesser interest cost. There is in fact no negative news on the company at the present moment.
Buy Sarda Energy and Mineral Ltd above Rs.107, T--Rs.117, SL--Rs.103. Last month, Chhattisgarh Invest bought 17.75 lakh shares of Sarda Energy Ltd. CLICK HERE
Buy SKS Microfinance Ltd (BSE Code:533228) at Rs.129, T--Rs.141, SL--Rs.124. Any positive development from the RBI is expected to have a positive rub off effect on the shares of all the NBFC and Banks. The FII holding in SKS Microfinance Ltd, has increased from 13.41 % in Q4FY12 to 35.94 % in Q4FY13 (Y-o-Y basis).
My recommended Reliance Broadcast Network Ltd touched Rs.30.80 today intra-day. The scrip was recommended a buy around Rs.27-28.