Wednesday, April 22, 2015

WINNING STROKES: THINK DIFFERENT
ADAG Company Reliance Capital Ltd today closed in the green today, at Rs.425.15, which is near its day's high of Rs.428.75. The scrip was recommended today at Rs.423-424, for a target of Rs.460.If you look at the candle stick chart, you would get the signals of trend reversal.  The passage of the long-pending Insurance Bill — which has increased the cap on foreign direct investment in the insurance sector from 26% to 49% — has come as a shot in the arm for Indian insurance companies. Reliance Capital, a part of the ADAG, that has interests in insurance (life and general), asset management, consumer loans and broking businesses, stands to gain as it can now unlock value in its insurance subsidiaries by listing or transferring shares to its foreign partner. The company is among the few listed players that has significant exposure to the insurance businesses. Also, the company’s asset management business offers a good value unlocking opportunity. Japan-based Sumitomo Mitsui Trust Bank recently acquired 2.7% stake in Reliance Capital for Rs.371 crore — valuing the company at Rs.530 per share--thus this gives a huge upside from the CMP of Rs.425.15. The tie-up could help Reliance Capital in its endeavour to set up a bank in India, if permitted by the RBI.
Today was the day for my recommended Gitanjali Gems Ltd as the scrip touched Rs.48.78 intra-day, before closing at Rs.47.65 up 9.41%. The stock is expected to cross Rs.100 before the Q4FY15 results and hence accumulate the counter, on all declines. 
The Nifty as widely expected got support around 8400-8370 ranges and the 1st target of 8424 was achieved as it went upto to 8447.25 intra-day before ending the day at 8,429.70 up 51.95 (+0.62%). The next target for Nifty is 8454, which is likely to be achieved in the morning trade. 
Now there is a stock of a company which has the potential to give 2-3 times return in less than 2-years. Anyone willing to invest around Rs.25 lakhs in the scrip do send me a mail at: suman2005s@rediffmail.com. The profit will be shared in the ratio of 60:40, between you and me. This is a sure shot scrip and hence, it like your fixed deposit. 
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