Wednesday, December 18, 2013

A Buy call was initiated today to the Premium Members, in Future Retail Ltd (BSE Code:523574)  at Rs.69, CLICK HERE, on the news that the company, has sold 22.5 % stake in Future Generali India Life Insurance Co to INDUSTRIAL INVESTMENT TRUST. 
Also, a buy call was initiated on Allahabad Bank Ltd (Rs.89), Reliance Communications Ltd (Rs.130), and J P Infratech Ltd (Rs.20.20) for respective targets. CLICK HERE
Kohinoor Broadcasting Corporation Ltd hit the Upper Circuits today. Do you know the reasons....? 
Today, we witnessed huge volume in Tulip Telecom Ltd (Rs.6.80). There must be some important developments in the company. I am trying to speak with my sources since yesterday, but is not getting the line. In case I get any information it would be first sent to the Paid Members, and then will be posted in this group. It is no secret that like many of you, I and my family member /s  could be holding stake in the company. 
One scrip which many of you forgot is Country Club Ltd (BSE Code: 526550), which is still trading at a dismal price of Rs.7.65. Its half yearly EPS  (Consolidated) is around Rs.1.75, which after discounting gives a target around Rs.18-19, which is around 2.3 times the current price. The season of the company has started, and depreciation of INR Vs USD is positive for the company, for obvious reasons. One can buy the scrip and keep holding. 
The First Target of Nifty_Spot which was given a couple of days back of 6220, was achieved as the it touched 6236 today, intra-day. Now what to do with Nifty_Future, after the RBI governor Dr.Raghuram Rajan, "Stoned the Crow" today when he decided to keep Repo rates unchanged; virtually throwing mud on the face of boisterous Television Economists, many of whom perhaps would better suit as clerks in government offices? I had during the last few days, have been trying to explain why Interest Rate Peg may not work in India to lower the inflation trajectory; especially in view of distortion in the A-S Curve, Wage Spiral, Leaks from the government schemes and Skewed-Credit-Offtakes. Today (18-Dec-2013), also FIIs were NET BUYER to the tune of Rs.1198.6 Cr. 
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