Thursday, October 31, 2013

H.E. Sh. Shivraj V Patil, Hon’ble Governor of Punjab
conferring LMA- Vardhman Award for Entrepreneur of
the year 2011 to Mr. Neeraj Saluja, M.D,
SEL Manufacturing Company Limited 

Tulip Telecom Ltd today closed flat at Rs.7.62. There are rumous in the market that the company would probably get the 1st installment of loan by 15th November, 2013. The company is also tentative to come up with results by the 2nd week of November, 2013. In the telecom space, barring Bharti Airtel, FIIs have been net buyers in other stocks—Tulip Telecom, Idea Cellular, Reliance Communications and Tata Telecom. One should go for bulk buying before it start to shoot up. I would suggest everyone to buy at least 10, 000 shares of the company and hold for 3-4 months. If you can hold Fixed Deposits which gives meagre  returns of around 10-11% per year for 3-4 years, then what is the harm in holding this scrip for 3-4 months, when the returns are sure shot?
Dena Bank Ltd today touched the 2nd target of Rs.54, when it suddenly spurted after Allahabad Bank Ltd reported a jump of 18%  in its Net Profit which came as Rs 276 Cr, though with the aid of other income. Also, recently there were some media reports that possibly the RBI has done away with the rate hikes, in the short term. But still question remains on the future of the banks. I would suggest all to book at least 60-70% profits on your holdings on banks and wait for a clear direction in this sector. You can keep a trailing stop loss 10% on your remaining holdings.
Meanwhile, another scrip which should attract your attention is SEL Manufacturing Company Ltd (Rs.3.59). The scrip price is not showing the real development in the company. Net profit of SEL Manufacturing Company Ltd rose 173.25% to Rs 40.96 crore in the quarter ended June 2013 as against Rs.14.99 crore during the previous quarter ended June 2012. Sales rose 84.90% to Rs 1036.11 crore in the quarter ended June 2013 as against Rs 560.37 crore during the previous quarter ended June 2012. This scrip is a must buy and hold. CLICK HERE
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