Monday, April 07, 2014

Market Mantra
Marg Ltd hit another buyer freeze in the opening trade. The stock is locked at the upper freeze at Rs.8.29. Congratulations to all those who bought the scrip on my recommendation. 
Today. Prakash Industries Ltd hit the upper freeze at Rs.75.90 in the NSE, but came down after profit booking was suggested in the counter. The stock moved up on the optimism that coming back of NDA to power is positive for the company and also due to the fact that the ace investor Rakesh Jhunjhunwala entered the scrip last week. However, at the current fundamentals the scrip is over-valued and those who are holding are suggested to book profit and shift to A2Z Maintenance and Engineering Ltd at Rs.10.45-10.50. 
Glodyne Technoservices Ltd hit another buyer freeze at Rs.5.92. Last week the Paid Members were asked to accumulate the counter at Rs.4.92. The scrip is expected to hit some more buyer freezes going forward. 
Please Click on the Chart to Expand
Today' call: Buy A2Z Maintenance & Engineering Services Ltd ( BSE Code: 533292) at Rs.10.45--10.50, for a target of Rs.13.50. There is no need for putting any Stop Loss in the counter. A2Z Maintenance & Engineering Services is one of the leading engineering & infrastructure company, where the well known investor, Rakesh Radheshyam Jhunjhunwala holds 10.01% of the shares.  A2Z Maintenance & Engineering Services said at the end of last month that the Master Restructuring Agreement (MRA) was executed on Thursday, 27 March 2014 as per Corporate Debt Restructuring (CDR) Guidelines. It may be recalled that the company had on 30 December 2013 said its board of directors accepted letter of approval (LOA) dated 28 December 2013, issued by CDR Empowered Group (CDR EG) approving the CDR proposal submitted by the company. The CDR EG approved the CDR proposal at its meeting held on 24 December 2013, the company said at that time. Chartically speaking the scrip is above its 200 DSMA and 200 DEMA. The company has equity capital of Rs 74.18 crore. Face value per share is Rs 10.The crossover has already taken place and it is only time that the scrip starts hitting the upper circuits.
Today my recommended Ahmednagar Forgings Ltd (promoter Amtek Auto Ltd) touched Rs.135.35 intra-day. The scrip would soon cross Rs.140 but book profits on the way. 
My strongly recommended IVRCL Ltd at Rs.12.70, today touched Rs.14.98 and is now trading at around Rs.14.40. The scrip is heading towards Rs.21-22 in the coing day---use all the dips to buy the scrip.