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Friday, November 29, 2013

WINNING STROKES: THINK DIFFERENT
BHEL Recommended a couple of days back with a target of Rs.153 today touched Rs.158.35, in the afternoon trade. Also, BGR Energy Systems Ltd recommended only some days back in this blog with a chartical analysis, rose to Rs.17.50, before cooling at Rs.115.90, up 2.43%. Today I got the information that, Krish Subramanium of Asit C Mehta has recommended buying BGR Energy Systems for a target of Rs.118. According to a report published in Live Mint, India’s power generation equipment manufacturing space has a capacity of around 30,000MW, with an equal share of boiler and turbine generator sets. Overall, India has a power generation capacity of 2,28,721.73MW, with a targeted additional capacity of 88,000MW in the current Five-Year Plan (2012-17). Last year the government hiked the import duty on power generation equipment to 21% from 5% in a bid to hold off competition from Chinese manufacturers such as Dongfang Electric Corp. and Shanghai Electric Power Co. Ltd. Moreover, I feel since the outlook has sector has recently improved a bit with better than expected GDP numbers, the borrowing cost expected to come down in the near future, and government trying hard to provide quick regulatory approvals of power plants, both BHEL and BGR Energy Ltd could rally at least 10-15% from the current market prices. It appears that the sector may have reached a bottom and good days are ahead.
Today Suzlon Energy Ltd touched Rs.10.23 before closing flat at Rs.9.87. According to my close sources the company's Q3FY14 results would be better than Q2FY14, mostly because of the stabilization of the INR Vs the US and also due to better visibility in the CARBON MARKET. One should accumulate the scrip on all declines and keep holding. It seems the correction is over for the scrip and it should move up from here.
Glodyne Tech Ltd hit the buyer freeze in the late afternoon trade. However, this scrip is now a speculative bet as it will take some time for the company to gather the required steam. 
Banks today did well, after it was reported in a leading daily that India’s central bank’s program to bring dollars into the country has attracted More than $10 billion much higher than analysts had expected, giving the Reserve Bank of India more ammunition to defend the rupee the next time it is under attack. The State Bank of India Ltd touched Rs.1829.80, while Allahabad Bank Ltd, Yes Bank ltd and Bank  of India Ltd touched Rs.91.90, Rs.373.35 and 219.50 respectively. The banks are expected to rally from here, after better than expected India's GDP numbers, as they are a proxy of the economy. 
IVRCL Ltd today moved up to Rs.14.35 before closing around Rs.14 at the end of the trade. The company has good order book position (around Rs.25, 000 plus crore) and we could see a flare up in the share price once the RBI governor starts to cut interest rates. There are other news also, which I will reveal the next week. If one has free cash they they should buy this blue chip and keep holding. CICK HERE.