Thursday, February 06, 2014

Worli (Mumbai ) Projectof Entegra Ltd
Entegra Ltd (Rs.3.71) and Southern Ispat and Power Ltd (Rs.2.47) hit the Upper Circuits in the mid afternoon trade. Entegra Ltd should cover up your 100% losses you made in the markets. Just buy and keep holding. It is from the S Kumars' Group and has a high pedigree. Entegra Limited is a new age enterprise founded by Mr. Mukul Kasliwal in 1995. The controlling shareholder of Entegra Ltd is MW Corp (P) Ltd, which is promoted by the Kasliwal brothers, Mr. Mukul Kasliwal and Mr. Warij Kasliwal, members of the Kasliwal family (promoters of the erstwhile S.Kumars Group). MW Corp (P) Ltd is a holding company with well diversified business interests across verticals such as Textiles, Renewable Energy and Infrastructure Development. Major companies under MW Corp are:

  • S.Kumars Ltd, one of India’s foremost Textile Companies.
  • Entegra Ltd, a fully integrated Renewable Energy Company.
  • SMHPCL, which is currently implementing an INR 39.39 billion ($ 875.25 million), run-of-the-river 400 MW Maheshwar Project - India’s first privately promoted Hydel Power Project.

Entegra has introduced two branded services with a compelling market-oriented strategy through its comprehensive green energy portfolio of services: 

  • EnnerGreen Resources – this brand is focussed on setting up green power plants and generating clean energy, from sources such as sun and water. 
  • EnnerGreen Solutions – this brand is engaged in providing integrated renewable energy solutions, products and services to create eco-friendly sustainable options for our customers at a domestic, commercial and industrial scale.
Also, why some of you bother so much about the volume of the scrip, unless  you are a large Mutual Fund? It seems some of you cannot think beyond your cloak! It is to be understood that less volume also indicates that shareholders are not willing to sell their shares at this price and is expected higher returns in the coming days. Also, sometimes high volume indicates the operators are getting out of the scrip. Therefore, why less volume always has to be taken in the negative context? However, Southern Ispat and Power Ltd is a speculative buy and therefore, caution should be exercised unless Rs.3 is crossed decisively. 
Most of the Jewellery Stocks today moved up following lot of speculation that the government of India would soon bring in some relaxations in the import duty on Gold. Shree Ganesh Jewelers Ltd (Rs.25.75) touched Rs.26.40, P C Jewler Ltd (Rs.77.70) touched Rs.78.80, while Gitanjali Gems Ltd (Rs.63.55) touched Rs.64.85, intra-day. These stocks would give you rock solid returns going forward, especially if NDA government comes to power, because Gujarat is the hub of the diamond Industry in India. Buy, anyone or all of them and keep holding for few weeks to get golden returns. 
As expected Allied Digital Services Ltd (Rs.13.71) hit the buyer freeze in the opening trade. The scrip should now hit some  more continuous buyer freezes on its way to Rs.21-22. The scrip has a book value of Rs.146.62 and market cap of only Rs.63.32 Cr. The company therefore cannot trade at this price---even the value of its assets will be more than Rs.50 Crores, forget the business of the company, which  you are getting free.  The company's business in cloud computing is slowly picking up and it recently obtained a big project. You should accumulate the scrip on all declines. However, if you are not able to get it tomorrow (if it becomes only buyer in the opening trade) then try another of those momentum counters, Glodyne Technoserve Ltd (Rs.7.85), which is also, slowly limping back to normalcy. The book value of the shares of Glodyne Tech Ltd is Rs.180.27, which around 23 times the current price of the shares of the company. Therefore, go for daily accumulation of the shares of the company on all declines.  The CMD of both the companies are astute businessmen, and hence it is only time that the scrips would again cross Rs.50 first and then Rs.100 within a few months.
The Nifty has got a strong support around 5970 mark, which is expected to be honoured in this week. However, the action would be shifted to small and mid cap counters. I will soon disclose the name of a stock to the Premium Group members which could give superb returns if the name of Mr.Chandra Babu Naidu, as the stand by Prime Ministerial Candidate gains more currency, in the coming days. Also, now the stock exchanges should remove this 5% circuit limit for most of the momentum counters in small and mid cap space, so that these scrips can move up fast and catch their large cap counter parts, in terms of valuations. 
Join my recommended brokerage house/s or my Paid Service to stay ahead of others. Also, allow your funds to be managed by experts so that you can cover up most of the losses, you incurrred during the last few years. If you are interested in joining my recommended Brokerage House /s or my Premium Service, then you  need to send me a mail at: If your portfolio is of value of more than Rs.1 lakhs, and you are trading through my Brokerage Terminal, then you would get Premium Service Free of Charge. This is the golden chance to make up for any loss you made in the markets.