Monday, March 09, 2015

Rasoya Proteins Ltd hit another buyer freeze at Rs.0.65. The scrip could be moving towards Rs.3, in the coming days. 
Today, Premium Members were asked to take fresh positions in Jindal Saw Ltd (Rs.74.80) at Rs.75-76, for a target of Rs.81. The Jindal Group has won few coal mines in the recently held auctions; also, the government of India's thrust towards infrastructure development, will push up the demand for SAW Pipes in future. 
Genera Agri Crop Ltd hit another buyer freeze at Rs.4.58. Today, it moved up with huge volume not seen in the last few weeks. Today the total traded quantity 53, 000 against the 2-wk average quanity of only 17, 000.  Moreover, the percentage of Deliverable Quantity to Traded Quantity was 100%, indicating that huge delivery based buying is taking place. It is a profit making company and it is expected to double from the recommended price, within a short time.
Karuturi Global Ltd, the world's largest cut flower exporter was recommended to the Premium Groups yesterday at Rs.1.87. The scrip touched Rs.2.09 in the BSE Intra-day before closing at Rs.1.97, up 5.35%. Sai Ramakrishna Karuturi, the founder of Karuturi Global Ltd was also passionate about agriculture and wanted to make it big in the sector. In April 2008, the Ethiopian government offered him more than 300,000 hectares of land at a favourable price to grow food crops. The scrip is expected to touch Rs.5, in the short term--stay invested. 
Western India Shipyard Ltd hit another buyer Freeze today at Rs.4.56. The scrip more than doubled in the last one month, giving superb returns to the risk-taking patient investors. When the scrip was not rising, I had tough time convincing many of them. 
GMR Infrastructure Ltd today closed at Rs.17.35, down 1.98%. Tomorrow is the last date to get the shares on Rights basis at Rs.15, per share, against the CMP of Rs.17.35. The equity shares are being offered on a rights basis to the eligible equity shareholders in the ratio of 3 equity shares for every 14 equity shares held on the record date of March 12. So, if you want Rights Issue shares, then you must enter the counter tomorrow, before the bourses closes down. 
The Indian bourses tanked today by 604.17 points or 2.05%, taking weak cues from the overseas market. Also, the fact Mr.Arun Jaitley, hardly has anything to offer in the recent budget proposals (Finance Bill), except infrastructure push, precipitated the fall. It is to be noted that the Bulls have managed to keep Nifty-closes above 8900 till the last trading session. But today the Nifty broke the psychological level of 8800 and closed at 8,756.75 down 181 points. Meanwhile, one silver lining is that: FIIs were net buyers of Indian equities today of value Rs.838.30 Cr; however on the flip side, the DIIs sold equities worth Rs.35.3 Cr. In such a circumstances, the traders/ investors are suggested to keep away from playing in Nifty Futures but concentrate on the individual counters. 
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