Market Mantra

Entegra Ltd  (Rs.3.83) hits the buyer freeze in the opening trade. Those who have accumulated the scrip, when it was hitting lower circuits should be making good returns going forward. It is from a reputed group and at the same time, its project is on the verge of completion. The share is available at the price of dirt. 

Today's call: Buy Hindustan Construction Company Ltd (HCC; BSE Code: 500185) at Rs.12.70-12.80, for a target of Rs.15-17, in the short term. The company came out with superb set of numbers for the Q3FY14. Moreover, the company's projects have gathered steam. 

The government could very soon announce some changes in the gold import norms, according to my sources. The gold imports have fallen drastically and livlihood of the artisans  have also taken a  hit. There were also lot of job cuts in the sector. In view of this there is serious concern in the UPA, just on the eve of elections.  Buy, Gitanjali Gems Ltd (Rs.61.50) and Shree Ganesh Jewelery House (I) Ltd (Rs.25.10) and P C Jewellers Ltd (Rs.73.05) on all declines. These are sure shot scrips which give you good returns over a period.