Friday, June 20, 2014

Market Mantra
Mr. Srikrishna, CEO-Birla Shloka Edutech Ltd., Mr. Derek Price, Chief Executive Officer, Linguaphone Group, Mr. Yash Birla- Chairman, The Yash Birla Group, Mr. Tunku Iskandar- Group Managing Director of the Melewar Group and Mr. Mushtaq Biradar.
File Photo: Indian Corporate Buzz
Yesterday, the market traded very volatile. Nifty continuously traded between 7550 and 7600 almost for entire day and finally giving a close of 7540,  with a net loss of 17 points. Its intra-day high and low were 7606 and 7502 respectively. After nerve-raking volatility of the past few days the Nifty is trading more or less range bound today. Till the morning the BULLS are clearly holding 7530 and 7480 marks and therefore a bounce from here will confirm the advent of the pre-budget rally. The investors are suggested to watch the two levels (7480 / 7530) carefully and take their buy or sell decisions.
RESISTANCE: 7570 / 7600
SUPPORT:  7530 / 7480
Today's' Call: Buy Birla Shloka Edutech Ltd (BSE Code: 511607) at Rs.5--5.08, T--Rs.8. The company is from the reputed Birla Group, where Mr.Yashovardhan Birla is the CMD. Company's Reserves and Surplus stood at Rs.8781.05 Lakhs as of March 31, 2013.
The Company has three subsidiaries i.e.
1. Birla Edutech Limited.
2. Wholly-owned foreign subsidiary, viz. Birla Shloka Edutech ltd.FZE.
3. Ojus Healthcare private Limited

The Company has a curriculum based educational software program viz., ‘XL@school’ as per the syllabus prescribed by different Educational Boards that is designed to impart academic knowledge through electronic media. To cope up with the increased business opportunities, your Company has made considerable investment in research and development areas, ongoing quality enhancement program and infrastructure facilities, etc. The Company has planned to expand its business in Information and Communication Technology (ICT) solution for various government schools segment. The governments are keen to explore the Public Private Partnership (PPP) model for setting up of Schools which the private partner will design, build, finance and manage. The company sees enormous potential in this space for future growth as more and more states are likely to devise and implement similar schemes for Senior Secondary Education and probably in primary education too. The Company is aggressively participating in tenders of various state government projects and vigorously pursuing such initiatives across the country. Moreover, the Book Value of he shares of the company is Rs.50.36 and at Rs.5.08 it has a market cap of only Rs.10.47 Cr. In March, 2014 quarter it showed a turnaround. Risk taking traders can buy at least 10, 000 shares of the company and keep holding. It is a screaming buy at the current market price. 
Resurgere Mines and Minerals Ltd got locked in the Upper Circuits at Rs.2.33, in the morning trade. The scrip has a long way to go. To know the story of the company, either Join the Premium Service or trade through my recommended brokerage  house/s. 
Allied Digital Services Ltd which was strongly recommended a buy a couple of days back today touched Rs.22.75. The scrip could be moving towards Rs.41-42 in the coming days, back positive outlooks in Fundamental and Chatical terrains.
Meanwhile the government of India, has allowed infrastructure finance companies to issue secured debentures with tenure of up to 30 years, a move that will help raise long term funds. This is positive for the Infrastructure companies like IVRCL Ltd (Rs.24), Punj Lloyd Ltd (Rs.56), HCC Ltd (Rs.39), etc. 
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