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Thursday, May 16, 2013

Market Mantra
My recommended A2Z Maintenance and Engineering Services Ltd moved to Rs.19.40. This is the scrip where the big bull Rakesh Jhunjhunwala holds around Rs.18.03 % stake.
The morning speculative call Glodyne Tech Ltd at Rs.12.50 hit the upper freeze in the mid afternoon trade and is now locked at Rs.12.78
Buy SAIL (Steel Authority of India Ltd) at Rs.63 for a target of Rs.69-70, in the next few trading sessions. The Cabinet may today take up a proposal to allow the company and Rashtriya Ispat Nigam to directly charter ships to import coal and other raw material.  
Morning Intra-day call HDIL at Rs.58, gave good returns to the Paid Members as the scrip touched Rs.60.20. 
My earlier recommended Adani Port Ltd at Rs.151 today, touched Rs.161, after a spectacular Q4FY13 results. 
My recommended Eros International Media Ltd touched Rs.168.65. The scrip should give decent returns over a period of time.
SKS Microfinance Ltd has fallen to Rs.121.60 may be due to some operator action, as there is no reason for the fall after such a scintillating Q4FY13 results and equally good guidance for the FY14. You should accumulate the scrip in all declines for a target of Rs.141-142.