Tuesday, December 30, 2014

The Nifty which opened at 8260.30 traded range, throughout the day, but managed to close in the Green at, 8248.25, slightly above yesterdays' close of 8246.30. Nifty seems to have struck between the ranges: 8150 and 8350. This range bound movement is expected to continue unless it breaks out in either direction. However, as long as 8200 holds, the BULLS have nothing much to fear, as the activity would be concentrated on the broader market. A Buy call on Nifty_Futures around 8302 was today given to the Premium Group members with a SL: 8285; Targets: 8330 / 8355 / 8390.
Today, HDIL went in for another round of profit booking as it closed almost flat at Rs.67.70. The company’s debt remained constant on sequential basis in Q2FY15. Sarang Wadhawan, Vice Chairman & MD, HDIL said last month that, HDIL’s monetisation process is underway to pare debt and the company aims to reduce debt by 15 percent by FY15-end. Hence, there is no reason to sell the scrip especially when the Indian Government recently Amended the Land Acquisition Bill. The NDA government has amended Section 10(A) of the Act to expand the list of projects that would not require SIA and prior consent of affected families. These include projects for defence and defence production, rural infrastructure including rural electrification, Affordable Housing and Housing for the Poor, industrial corridors as well as infrastructure and social infrastructure projects including public private partnership projects wherein the ownership continues to vest with the government. Lower expenses & higher other income drove the realty major's net profit up 35.5 per cent increase to Rs.57.86 crore in the quarter ended September 2014. Total income during the period however declined 31.32 percent to Rs.304.84 crore from Rs.443.90 crore in the same quarter in FY14. The realty developer’s arm had obtained approval of Maharashtra government for its Planet HDIL. Planet HDIL is an Affordable Housing Project situated in the suburbs of Mumbai (Virar). The book value of the shares of the company is Rs.248.81 and the market cap is only Rs.2,836.66 Cr.
Allied Digital Services Ltd today climbed to Rs.22.40 before closing flat at Rs,21.85. It is pertinent to mention here that recently, the company, and Kazan IT-Park signed a MOU in Mumbai (Bombay) to provide consultancy, design, build and operate Tier III data-center using the latest state of the art technology. The data-centre will be the backbone for providing cloud services to various SME's at Kazan and around other regions in Russia. The data-centre will operate 24x7. with high level of redundancy to provid high uptime. it will have a disaster recovery (DR) back up site to provide high availability and business continuity. Allied Digital Services Ltd will also build state of the art Network operations centre (NOC0 and Security Operations centre (SOC) to monitor clients infrastructure, applications and securities. Hence, there are lot of developments taking place in the company--don't sell the scrip in a hurry.  
Resurgere Mines and Minerals Ltd today hit the Upper Circuits today at Rs.1.64, intra-day, on renewed optimism in the Mining Sector. “If the problems facing the mining sector are not addressed immediately, it will have far-reaching impact on the economy of the country as the manufacturing industry largely depends for raw material supply on the mining sector,” states one of the reasons for issuing the ordinance to amend the Mines and Minerals (Development and Regulation) Act, 1957. Mining is one of the chosen segments for the ambitious ‘Make in India’ programme of the Prime Minister (of India), whose government failed to get most of its investor-friendly and reform-related legislation passed in the two Houses of Parliament due to repeated disruptions. The scrip however closed at Rs.1.60, up 16.79% in the BSE.
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