|Soha Ali Khan at the Goenka Diamonds' Launch|
(i) Buy IVRCL Ltd at Rs.24.40, T--Rs.27.20, SL--Rs.21. Most of the infrastructure stocks will move up taking cues from the budget.
(ii) Buy Marg Ltd at Rs.17.50, T--Rs.24, SL-Rs.15.50. In the recent budget the FM, has talked about strengthening the Shipping Sector. Also, the Finance Minister Arun Jaitley has proposed to award the development of 16 new port projects in the current fiscal year. Presenting the Union Budget 2014-15 in the Lok Sabha, Jaitley said, "A policy for encouraging the growth of Indian controlled tonnage will be formulated to ensure increase in employment of the Indian seafarers. Development of ports is also critical for boosting trade."
(ii) Buy Goenka Diamond and Jewels Ltd (BSE Code: 533189, Face Value: Re.1), for a target of Rs.4.80. Though small players in the Gems and Jewelry sector are disappointed over not inclusion of their demand of introducing turnover tax among others, but many have expressed satisfaction over rationalization of customs duty for semi-processed, half cut or broken diamonds and cut and polished and coloured gemstones. This development has till now been overlooked by the market. Goenka Diamonds Ltd is an established name in this sector.
(iv) Book profits in Rohit Ferro Tech Ltd at Rs.14.25 and enter Marg Ltd at around, which is a much safer play both on the infrastructure and shipping sectors.
Note: These calls were given to the Paid Groups, in the morning and yesterday, they were asked to book partial profits in Rohit Ferro Tech Ltd. The call on Marg Ltd was given yesterday at around Rs.16.50--17. I feel most of them have made money by now.