Friday, October 09, 2015

Photo: A1data Entry
Tata Steel Ltd recommended last week at around Rs.217, today crossed Rs.250, intra-day and is now trading at Rs.250.40. Most of the metal stocks are rising, not only due to value buying, but also due to better prospects in the construction sector going forward. The negatives are already factored in the current prices of the metal stocks and therefore, most of them are showing upswing. Very recently, Alcoa's chief executive said, "The global aluminium demand will grow by 6.5% in 2015 and will double during this decade". Moreover, an uptick in aluminium demand from the automotive segment to meet stricter global emission standards should boost revenue and profits for Novelis and other Aluminium companies. Also, Hindalco Industries Ltd's, debt of about ~Rs.60,000 crore may remain at these levels for quite sometime, as the capex cycle is nearing an end.  Hindalco Industries Ltd's net debt to equity is about 1.7 times.
Rohit Ferro Tech Ltd recommended in this blog only a few days back for a target of Rs.9.7 today closed at Rs.6, up 4.35%.
Reliance Communications Ltd recommended to the Premium Group members at Rs.72, touched Rs.78 and is now trading at Rs.75.40. 
Jindal Saw Ltd recommended at Rs.67.5, to the Premium Group members on 7th October, 2015; today it touched Rs.71.90, intra-day. 
Rasoya Proteins Ltd hit the upper circuits today at Re.0.28 in the BSE. In the NSE, it closed at Re.0.30. The stock should move up from here, due to increased positive outlook of the company. Meanwhile, The Economic Times, wrote on 9 October, 2015: "....monsoon and the sowing for soybean has been well above average and the carry forward of the previous year is more than comfortable to meet the demand before the new crop comes in".
Today, another stock from the metal sector was recommended to the Premium group members at Rs.84.35, for a short term target of Rs.93. What is the name of the scrip? Join the Premium Services, to stay ahead of others.
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