Reliance Capital Ltd today touched Rs.668.40. The scrip is heading towards Rs.1000, in the coming days.
Shriram EPC Ltd today touched Rs.37.35 before closing at Rs.35.10, down 1.82%. Shriram EPC Limited is headquartered in Chennai, India with offices in Kolkata, New Delhi, Beijing and UAE. The Company has executed projects across most Indian States and Overseas. Shriram EPC Limited’s business portfolio spans across integrated design, engineering, procurement, construction and project management encompassing various sectors and industries. The Company specializes in the construction of Renewable Energy Infrastructure, Core Infrastructure Projects (Process and Metallurgy) and Municipal Services (Water and Pipe Rehabilitation). The contribution from the Municipal Services business has been steady and there was progress on outstanding orders during FY14. Entry into the Mining Sector within Process & Metallurgy has enabled the Company to look into newer areas besides foraying into the overseas market. Its order backlog has been fairly robust--as of June 30, 2013 it had an outstanding order backlog of Rs.4,060 crore. Given the strong order backlog and new order wins across verticals, the company management remains optimistic about its performance going forward. The company operates in three segments: Contracts, Windmill and Trading. The total income of the company in March, 2014 quarter alone was Rs.135.36 Cr, against its market cap of Rs.155.70 Cr. Therefore, inspite of having such enviable portfolio, it is really surprising why the scrip is still trading even below its book value (Rs.55.16)..!!
Jai Balaji Industries Ltd is on a non-stop northwards journey from around Rs.17-18 to the current price of Rs.33.95. Today also it hit the buyer freeze. The scrip has already touched my intermediate target of Rs.32.
Capri Global Capital Limited recommended around Rs.154,today touched Rs.174.50, before closing at Rs.167.90 up 11.82%. The company is doing excellently well.
Allied Digital Services Ltd is making new highs nowadays. Today it made, 52-week high of Rs.24.40. I do not know how many of you know that Nevada Gaming commission had issued Information Technology Service Provider License to Allied Digital Services Ltd. Now, you may see the map of the USA (and do a bit of internet search) to find out the significance of the place named, Nevada. Therefore, the question is: will the company be able to regain its lost vigor? It is to be remembered that the scrip fell from its all time high of Rs.500-plus (2008-09) to the current closing price of Rs.23.05. The stock has already given a break out above Rs.22.70 and the next targets seem to be Rs.29-31.