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Monday, November 04, 2013
WINNING STROKES: THINK DIFFERENT
SEL Manufacturing Company Ltd which was recommended this week again after lot of positive developments took place in the company around Rs.3.5, today touched Rs.3.85 before closing at Rs.3.83. The scrip is expected to hit upper circuits anytime from now. Its June, quarter EPS is Rs.1.24 with net profit zooming almost 3-times Q-o-Q. The scrip is expected to give 4 to 5 times return in one year, from the CMP of Rs.3.85. CLICK HERE.
Future Retail Ltd (Rs.77.20) and BGR Energy Systems Ltd (Rs.116.85), closed with marginal gains on the Muhurat Trading day, after touching Rs.78.10 and Rs.117.90 intra-day. On Sunday, the special trading session on Indian bourses to mark the beginning of Samvat 2070, a new year for traders according to the Hindu calendar, proved to be a tepid affair. During the 75-minute Muhurat trading, the BSE benchmark Sensex rose as much as 0.6 per cent to a record 21,321.53 but could not hold on to early upsides. The index, which had on Friday touched 21,293.88 — for the first time in almost six years — on Sunday closed at 21,239.36, up 0.2 per cent over its previous close. The NSE Nifty, on the other hand, posted a record closing high of 6,317.35, exceeding its previous record of 6,312.45, set on November 5, 2010. Its highest level in intra-day trade remains 6,357.10, hit on January 8, 2008. Traders, however, were hardly inspired by the new records. During the session on BSE, they went about placing their token trades for the day — in a stark contrast with the Muhurat trading of 2007, when traders had greeted index surges with vociferous cheering. Mid- and small-cap shares were in focus on Sunday, as domestic traders usually buy these on Muhurat for token investments. BSE’s mid-cap index rose one per cent, while the small-cap index gained 1.4 per cent. Analysts said the lacklustre response reflected the apathy among confused investors, who had been mere spectators in the Sensex’s rise or had cut their existing holdings. The government of India, the stock exchanges and the brokerage houses during the last few years, did everything so that the retail investors stays away from the markets. Except that old Rajiv Gandhi Equity Savings Scheme (allowing 50 per cent tax deduction for those whose annual income is below Rs 10 lakh and who invest up to Rs 50,000 in stocks) nothing much was done by the GOI. In fact the UPA-I & II created all sorts of hurdles in the form of mandatory PAN card, Stricter KYC norms, introduction of TT, etc. in the path of traders/ investors. Besides, actions of the stock exchanges and brokers were equally pathetic, starting from problems in margin funding, to forced liquidation of shares on slight pretext to putting most of the stocks either in T-group or in 5% circuit limit, not keeping proper eye on whether a company gives correct disclosures to exchanges or not, no proper scrutiny on the information shared to the shareholder information by companies, no compulsory push by the stock exchanges to present yearly report and so on.
Data Centre: Tulip Telecom Ltd
My earlier recommended Dena Bank Ltd touched Rs.60.90, before closing at Rs.60.20, while Tulip Telecom Ltd touched Rs.8 on the intra-day, before closing at Rs.7.83. Even Kavveri Telecom Products Ltd which is tentative to have its board meeting within this week, to declare its Q2FY14 results, closed at Rs.28.35 (intra-day high: Rs.28.50). The telecom sector is back in focus and most of the stocks here would do well in the coming days. However, Tulip Telecom Ltd have a bunch a selfish employees who spoiled the name of the company not only by their poor performance during their which put the company in tailspin, but also by writing all sorts of negative things against the management in internet during the few weeks on the pretext of not getting their salaries. Tulip Telecom Ltd should take a note of such nefarious activities of a large section of its employees and sack them en mass, to protect the interest of the shareholders. According to my close sources, an agreement has been reached with the employees, regarding payment of part salaries and many were asked to lay down their papers. Tulip Telecom Ltd's share price would rise before 20th November, 2013; as it is expected to get 1st installment of the loan (Restructuring of the company), before, this date.