Monday, March 30, 2015

Yesterdays' recommendation Jindal Saw Ltd today moved to Rs.66.40 in the BSE before closing at Rs.65.95 up 11.87%. The stock is heading towards Rs.72-76 in the coming days. 
Gotanjali Gems Ltd today moved to Rs.41.75 intra-day before closing at Rs.41.30 in the BSE up 4.42%. India's gems and jewelry sector has been one of the fastest growing industries globally. The sector has contributed 6 - 7% to India's GDP and provides gainful employment to around 2.5 million people. 
Today GMR Infrastructure Ltd closed above Rs.15.70, which is positive for the bulls. Meanwhile, the company recently announced that GMR Airports Limited (“GAL”), a subsidiary of GMR Infrastructure Limited, on March 24, 2015 entered into an agreement to acquire 24,50,00,000 shares of face value of Rs.10 each, representing 10% equity stake in Delhi International Airport Private Limited (“DIAL”) from Malaysia Airports (Mauritius) Private Limited (“Malaysia Airports”) for a consideration of USD 79 million. DIAL is a special purpose vehicle formed to carry out development, operation and management of Indira Gandhi International Airport, Delhi (“Delhi Airport”). GAL currently holds 54% equity stake in DIAL and post proposed acquisition of the entire stake of Malaysia Airports, the stake will increase to 64%.  The scrip will slowly move towards Rs.22 in the coming days. 
Karuturi Global Ltd (Rs.1.63) is consolidating around Rs.1.59--1.70, before taking a major stride. According to my close sources, there would be an improvement in both its topline and bottomlines in the next 12 months. 
Jaiprakash Power Ventues Ltd which closed at Rs.10.22, should cross Rs.14-15, in the next 3-4 months time frame. It is a must buy for every investor. 
Today a buy (call) was given on Nifty, to the Paid Group members with a target of 8600. The Sensex closed with a gain of 517.22 points, while the Nifty closed at  8,492.30 up 150.90 points.  Today, DIIs were net of buyers of Rs.651.67 Cr of shares, while FIIs shares worth worth Rs.240.34 Cr. Those who have not sold their Nifty futures' open positions, can keep holding with a SL at 8410. 
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