Thursday, March 19, 2015

Rasoya Proteins Ltd today touched Rs.1 in the NSE. I think you remember, it was recommended around 0.60. The stock gave more than 50% return in less than one month. In NSE it closed at Re.0.90, while in the BSE it hit the buyer freeze at Re.0.73. There is in fact no negative news in the counter, and the scrip should slowly move up in the coming days. You should stay invested. 
Jaiprakash Power Ltd today touched Rs.11.40 in the NSE before suddenly going for correction at the end of the day. However, this share is a buy on every dip, as lot of positive developments have taken place in the company. 
Today, my earlier recommended PC Jeweler Ltd made a new 52-week high at Rs.367.25 in the BSE, before closing at around Rs.338.95. In the morning trade even Gitanjali Gems Ltd moved to Rs.49.35 in the BSE before the selling in the late hours, shed some of the gains as the scrip closed at Rs.46.90 in the BSE.  The point to be noted is that many of the established players are running after online selling platforms. This is expected to have a dramatic change in their top and bottomlines, due to low overhead costs. The investors should buy the stock of Gitanjali Gems Ltd and keep holding. 
A couple of days back Elecon Engineering Co Ltd was recommended to the Paid Group members at around Rs.59.40; the scrip today touched Rs.71.85 on the NSE, before closing at around Rs.66.20. The target of Rs.100 is still intact and hence risk taking investors can hold the scrip with a SL of Rs.57.
Nifty today went in for late selling and closed just above the support of 8630. With the current NDA government not doing too well in all fronts, it is difficult to say, where the Nifty will go in the near future. Narendra Modi and his Finance Minister, Arun Jaitley, along with other council of ministers are a total flop till now. The market has moved up simply on media hype on Narendra Modi and therefore as said earlier it is very difficult to say, in which direction Nifty will move in the future. Unless the NDA changes at least the Finance Minister, I feel this rot would continue. Anyway, let us hope for the best. 

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