Friday, June 06, 2014

Market Mantra
Western India Shipyard Ltd hits another buyer freeze at Rs.3.04. This scrip will give you stupendous returns going forward. Just buy go on buying on all declines. 
Today's call: Buy Shriram EPC Ltd at Rs.36-37, for a target of Rs.42, in the short term. In Novermber--January, 2012-13, the scrip was above Rs.70.  Now we could look forward for more EPC contracts from the government. This is from the reputed Ennore Group company of South India. Moreover, Reliance Capital Trustee Company Ltd A/c Reliance Diversified Power Sector Fund holds 1,300,900 shares in Shriram EPC or 2.93%. The investors can also try UB Engineering Ltd at Rs.16-16.50, for a target over Rs.20. This from the reputed U B Group of Dr.Vijay Mallya. 
It seems the retail investors have started to enter in Dr.Datsons Labs Ltd (Rs.18.40). The company's fundamentals are slowly improving, and it is hoped that from FY15, its balance sheet, will come out of the red. Earlier there were media reports that Mires B.V, a European based pharma company, is reportedly eyeing to buy Dr Datsons Labs Ltd – the Mumbai-based pharmaceutical company, which is the third-largest quinine salts manufacturer in the world. Business Standard, 20 May, 2014 writes: Dr Datsons Labs Ltd has informed BSE that European pharma firm Mires B.V, which had proposed to buy the Indian firm in April 2014, has completed the valuation of the two plants of Dr Datsons Labs situated at Mahad and Pune, Maharashtra. The total fair valuation of Dr Datsons as stood at Rs 350 crores out of which valuation of the fixed assets of the company stood at Rs 270 Crores. Dr Datsons Labs expects to receive the detailed term sheet for process of proposed acquisition from Mires shortly.
Glodyne Tech Ltd hit another buyer freeze at Rs.9.73. As mentioned earlier the scrip is heading towards Rs.14-15 mark. 
My old recommendation Insecticide India Ltd today touched Rs.343. The scrip if you remember was recommended around Rs.270-281. The stock consolidated for a long time before moving up. 
Gitanjali Gems Ltd is slowly moving up, and today it touched Rs.86. However, this scrip will take some time to recover from the blues, inflicted upon the whole sector by the UPA government.

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