Thursday, August 22, 2013

Manappuram Finance Ltd hit the buyer freeze in the late afternoon trade at Rs.15. Simple formula is that: the stocks of gold loan companies would increase in value if the price of gold rises. Since government has put restrictions on the yellow metal and local prices are not expected to come down soon, because of high demand. So, enjoy the run, till may be Rs.32, in the next 6 months. The results of the company on sequential basis is also good. The company has given out Rs.2.95 as dividend on Rs.2 Face Value scrip. Here are the details: 
(i) 23/08/2013    Interim Dividend 0.45
(ii) 25/03/2013    Interim Dividend 1.50
(iii) 27/07/2012    Final Dividend 0.50
(iv) 27/07/2012    Special Dividend 0.50
I  have recommended a company, from a reputed business house, to the Paid Members, which is both into construction and wind power. The company has come up with an excellent results for the Q1FY14. The scrip today gave a break out and is showing some positive divergence on the charts. The scrip is now at Rs.128.90 and should move to Rs.200 in the next few trading sessions. The change in the RBI policy is positive for all the construction companies. Also, a change in the government in the state could also,  usher in positive news for the company. Those who could guess the name, kindly invest in that for 2 months and get at least 20% returns. CLICK HERE.
The Paid Members, were today morning asked to continue holding Nifty_Longs, those who did that must have enough money. But it is true that today, the market conditions, were a little hazy in the early hours. Join my recommended brokerage house, and get the Paid Service, free of charge. Get support during the market hours and after market hours. Make money even in these market conditions, by entering and exiting scrips and in Nifty_Futures with reasonable accuracy.