Wednesday, March 04, 2015

Western India Shipyard Ltd hit another buyer freeze at Rs.3.96, as the scrip made a new 52-week high today. Recently there were some media reports that the $17-billion Mahindra Group, is said to have initiated talks with ABG Shipyard to acquire a large strategic stake in the maker of naval ships and vessels. ABG Shipyard Ltd holds 53.14% shares of Western India Shipyard Ltd. If you remember, the stock was repeatedly recommended in this blog and was asked to average in all declines. 
My recommended UCO Bank Ltd recommended around Rs.69-70 today touched Rs.77, before falling to Rs.71.35 at the end of the day. With the interest rate trajectory set to reverse, the stocks in the banking space are expected to do well. 
My recommended Rasoya Proteins Ltd hit another buyer freeze in the BSE at Re.0.49. This stock however, if for the high risk traders and investors. 
GMR Infrastructure Ltd today touched Rs.18, before going for  a late sale to settle at Rs.17.20. The company has come up with Rights Issue at Rs.15. Moreover, one the group companies has already bagged a coal block. Moreover, Mandakini mine (for power sector) in Odisha and Meral mine (for non-power sector) in Jharkhand are on auction on Thursday. The companies in the race for Mandakini mine are Adani Power Ltd, Adani Power Maharashtra Ltd, GMR Mining and Energy Pvt Ltd, Jindal Power Ltd, Mandakini Exploration and Mining Ltd and Wigeon Commotrade Pvt Ltd.
Genera Agri Crop Ltd, which is a Corporate Farming company in India with farm business (The farms are spread across Andhra Pradesh, Tamilnadu and Maharastra.) model that entails enrolling the farm lands on lease basis and support the farmers with technical and managerial inputs for successfully running farming as a business enterprise, has a book value of Rs.76.45 and asset base of Rs.75.35 Cr, but has a market cap of only Rs.3.79 Cr hit the Upper Circuits today at Rs.4.23 before closing at Rs.4.17.  The stock generated a volume of around 16, 000 in the BSE and the percentage of Deliverable Quantity to Traded Quantity was 100%. The scrip is expected to double from here--stay invested.
Jaiprakash Associates Ltd today touched Rs.28.90 (Upper Circuits) before closing at Rs.27.95 in the BSE. The scrip if you remember was recommended around Rs.25-25.50 only some days back. The investors can also look for Jaypee Infrastructure Ltd at Rs.20.20. Jaypee Infratech Ltd is the "Cash Cow" of the Jaypee Group. Jaiprakash Power Ventures Ltd also today moved to Rs.15.95, before settling at Rs.12.31. The Jaiprakash Group is likely to complete the sale proceeds of its plants within a couple of months. 
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