Monday, March 24, 2014

IBM designed and is building the largest  data center in India
for Tulip Telecom Ltd. to deliver new cloud and networking
services to its customers. Image credit: IBM
Morning recommendation to the Paid Group Members, was Ahmednagar Forgings Ltd (BSE Code: 51335) at Rs.120-124. The scrip zoomed to Rs.133.50 in the BSE and Rs.133.80  in the NSE intra-day, to settle at Rs.130.95 in the BSE and Rs.131 in the NSE, at the end of the day. The Bombay Stock Exchange website, has probably gone for a toss, as one might not get the quotes of almost half of the shares listed in the BSE. Join the Paid Service or my recommended Brokerage House, to get all sorts of Calls in the stock market, both in the cash and in the F&O market. Also, if you have made losses in the market, then start investing in the market now and cover up all your losses through some smart trades. 
Now as long as Nifty_Spot does not cross 6570-6575 ranges on the upside, the chances of rally continuing looks dim. Today Nifty tried to cross that range and touched 6591.50, but had to retreat due to selling pressure at higher levels. Today, FIIs were net buyers to the tune of Rs.1465.62 Cr, while DIIs were net sellers of Rs.770.39 Cr. So, the net inflow in the market was Rs.695.23 Crores. 
Tulip Telecom Ltd today hit the upper freeze in the BSE and closed at Rs.4.01. The Book value of the shares of the company is Rs.45.34 and in case of liquidation, the shareholders would get good amounts after settling the liabilities. The company  has huge assets in the form of Data Centre, where it invested around Rs.900 Cr. There are also talks of a large telecom taking over the operations of the company, as the lenders are probably thinking on those lines, instead of allowing the company to go for a natural death. 
Shree Ganesh Jewelry House (I) Ltd today closed flat at Rs.26.04. The company was supposed to have a meeting with the consortium of the Banks today, for the CDR scheme. It is widely believed that the said CDR proposal will be approved by the banks and the company would again start its expansion plans. Those investors, who has a time horizon of 6-9 months should buy the scrip in BULK and keep holding, like your fixed deposit. There is no need to trade in the shares of the company everyday; just buy and wait. The company is into Gold Jewelry Exports, Gold Finance, Gold Mining, Solar Energy, and also into Gold refining. It is a regular dividend paying company and should give good returns going forward.