|Photo: Bio Spectrum|
Thursday, May 08, 2014
WINNING STROKES: THINK DIFFERENT
The scrip which was recommended yesterday to the Paid Members, got locked in another 5% buyer freeze at Rs.11.04 today. The stock is expected to hit non-stop buyer freezes from here. What is the name of the scrip?
PVP Ventures Ltd today galloped to Rs.7.40 before closing at Rs.7.29. Industrialist and Chairman and Managing Director of PVP Ventures Ltd, Potluri Vara Prasad has good relations both with the YSR Congress and the TDP, though now he is more with the latter. Hence, if either of the parties does well, he will be benefited. Moreover, the "Vallavanukku Pullum Aayyutham" (the Tamil remake of the Telugu blockbuster Maryada Ramanna), team decided to release the film on May 10, 2014. The latest development is that Studio Green has acquired the distribution rights of the film. Prasad V Potluri and Santhanam have produced this action comedy film. Also, the scrip of PVP Ventures Ltd, is trading even below its Face Value of Rs.10, which looks a little odd, at this stage, so there is every chance of the scrip trading above Rs.12-13, in the coming days.
Gitanjali Gems Ltd today closed almost flat at Rs.61.80, after touching an intra-day high of Rs.63.90. According to a report published in Financial Express on 9 May, 2014, domestic traders are of the view that the gold prices may fall over the next few months and some relaxation in the import norms for the yellow metal, would also come in between. Prithviraj Kothari, director, RiddiSiddhi Bullions Ltd, who is also the vice-president of the India Bullion and Jewellers Association said that removing curbs on gold imports such as a lower import duty and relaxations in the 80:20 import scheme for jewellers would help lower prices of the yellow, metal but concerns over tensions in Russia and Ukraine would continue to weigh on the minds of investors. Mehul Choksi, chairman, Gitanjali Group, said, “Gold prices will remain firm around Rs.28,000 per 10 grams due to problems in Ukraine.” Therefore, my suggestion at this stage would be to accumulate the scrip and wait for the government's action, post 2014, election results.
As expected and as mentioned in yesterday's round up, IVRCL Ltd bounced back, and touched Rs.13.94 intra-day before closing at Rs.13.75. The company has an order book of more than Rs.20, 000 Crore. One should keep accumulating the scrip for a 3-6 months time horizon, for good appreciation of your investments. Buy at least 10, 000 shares of the company and keep holding.
Jai Balaji Industries Ltd today touched the Upper Circuits at Rs.20.60, before closing at Rs.19.15. I feel the next target for the scrip is Rs.31-32 and hence medium term investors should accumulate the scrip with a SL of Rs.17.80.