Thursday, December 19, 2013

A buy was initiated in Nifty_6200_Dec_Call today at Rs.41, after which it crossed Rs.53. I hope most who invested in the recommendation made money from it. CLICK HERE. Today, also FIIs were net buyers of Rs.2264.11 Cr and DIIs sold a meagre Rs.41.59 Cr. Therefore, it is anybody's guess how the markets are likely to behave in the coming days. 
Tulip Telecom Ltd hit the buyer freeze today, before cooling down at Rs.5.99. There was huge volume today also and the turnover was of Rs.20.66 lakhs. I and my family could be holding positions in Tulip Telecom Ltd. 
Reliance Communications Ltd today touched Rs.131.90 before closing at Rs.130.95. The Anil Ambani-led telecommunications firm Reliance Communications is considering a bond issue to the tune of USD 1 billion, reported CNBC-TV18, quoting sources. The issue, which is targeting fund-raising at the cost of debt of around 8 to 9 percent, would, however, depend on market conditions. Proceeds from the issue would likely go towards retiring and restructuring the company's existing high-cost debt. Reliance Communications Ltd's, Net Profit grew by 562% Y/Y to Rs.6750 mn in Q2FY14 [v/s Rs.1020 mn in Q2FY13]. 
Pricol Ltd recommended at around Rs.26, today touched Rs.30.15. The scrip could give at least 40-50% returns even from the current price of Rs.29.55.