Thursday, April 03, 2014

Ahmednagar Forgings Ltd was recommended to the Paid Groups at Rs.125.5-126; the scrip touched Rs.129, intra-day before cooling down at Rs.127.35. The scrip has a book value of Rs.248.05 and EPS of Rs.40.33. It is therefore really astonishing why the scrip is trading so low. Its all time high is around Rs.290, made in 2007.  
Today Marg Ltd (BSE Code: 530543) was recommended at Rs.7.65 (in the NSE), to the Paid Groups, as a speculative buy. The scrip is expected to hit few more buyer frezees going forward.
IVRCL Ltd today touched Rs.14 before cooling down at Rs.13.64. After a long run, this is a healthy correction, which will allow fresh investors to enter the counter. The  company has entered in the CDR cell and its order book is Rs.20,  000 crore. Hence it is only time that the scrip would move past Rs.30. Buy the scrip on all declines. 
Shree Ganesh Jewelry House (I) Ltd today touched Rs.30.50, before cooling down at Rs.29.50. The scrip will slowly move towards Rs.41-42, in the coming days.
Jaiprakash Power Ventures Ltd, which was recommended in this blog around Rs.14.30, today touched Rs.15.65 before cooling down at Rs.15.44. Visit this blog from time to time to get some of the best investment ideas. In a bull market, one can make the money safely without playing in the future market too. 
Today, the Nifty_Spot closed just above the immediate support of 5725 at 6736.10 down 16.45 points. The FIIs were net buyers to the tune of Rs.717.39 Cr while the DIIs were net sellers to the tune of Rs.716.57, giving only Rs.82 lakhs as the net inflow. It therefore remains a question as to from where so much DII selling is taking place!! Moreover, chartically speaking a sudden rise of 800 points in just two months time and the oscillators looking overbought on the daily charts, does make a case for a small correction in the market, which should be used by investors to accumulate good counters. The action will continue in the small and mid cap counters going forward.