Monday, September 02, 2013

Market Mantra
MCX Ltd recommended at Rs.255 and then at Rs.272, today touched Rs.391.55 in the BSE. The scrip was asked a buy, when there was of pessimism surrounding te counter.
Geometric Software Ltd recommended around Rs.76-77, to the Paid Service members today touched Rs.79.90 in the NSE. It is a scrip in which ace investor Rakesh Jhunjhunwalal is holding substantial stake. 
Gitanjali Gems Ltd has hit the buyer freeze in the opening trade at Rs.76.15.  There were some media rumours that the company, which has been hit by RBI's new rules on gold import, has approached banks for more than 10 bln rupees in loans.
Today's call: Buy Manppuram Finance Ltd Rs.19.30, T--Rs.25-29-31, SL--Rs.16.80 or Muthoot Finance Ltd at Rs.113-114, T--Rs.132, SL-Rs.103. With gold now around Rs.30, 000 plus in India, there cannot be a better opportunity than investing in gold loan companies. With the tension in Syria continuing and no fixed call from the US Fed regarding tapering of the QE3, the gold prices are not likely to come down below Rs.30, 000 in the domestic market too soon. Moreover, the ensuring festive season starting from Ganesh Chaturthi, will keep the demand for Gold in the domestic market very high. CLICK HERE and CLICK HERE
Jai Prakash Associates Ltd recommended last week around Rs.32-33, today rose to Rs.36. The stock was strongly recommended for the 1st target of Rs.37. 
Buy Dena Bank Ltd at Rs.45, T--Rs.52, SL--Rs.41.80. The company came out with decent set of numbers for the Q1FY14, sequentially. The point which to be noted is that in Q1FY14, the EPS is Rs.5.40, which gives perfect indication how undervalued the share price is, at the CMP. One should buy the stock and keep holding. Today another scrip from the Public Sector Bank space, Union Bank India Ltd rose more than 5% intra-day and is now trading at Rs.107.70.
There is positive news in UNITED BREWERIES LTD: Vijay Mallya got 10.5 mn pledged shares released on Aug 7.  The scrip could cross Rs.800 in the next few trading sessions. 
NMDC Ltd recommended around Rs.107-109 and again at Rs.93-94, today touched Rs.122.50.  It has recently been recommended by a number of advisory services. CLICK HERE.