|Photo: V C Circle|
Wednesday, October 07, 2015
WINNING STROKES: THINK DIFFERENT
Yesterday, Reliance Communications Ltd was recommended to the Premium Group members, today it touched Rs.76.75 intra-day.
Lanco Infratech Ltd was recommended to the Premium Group members at Rs.3.25 on 9th September, 2015. The scrip made a high of around Rs.5.9, when profit booking was suggested to the Premium Group. Today it closed at Rs.4.85. This means that even if you somehow get the name of a stock, you might not be able to make gains, without proper guidance. This market is not for the novices and part-timers. Get the services of experts, to get maximum benefits from the stock market.
Buy Rohit Ferro-Tech Ltd at Rs.5.75, for a target of Rs.9.7 (recommended to the Premium Group at Rs.5.68). Rohit Ferro Tec is in the Mining & Minerals sector. The current market capitalisation stands at Rs.65.42 crore. Earlier there were media reports that Balasore Alloys Ltd (formerly Ispat Alloys Limited), which is part of the Ispat Group, had inked a deal to acquire Rohit Ferro-Tech's Jajpur-based manufacturing unit for an enterprise value of $164.5 million (approximately Rs.1,025 crore). The company decided to dispose of the Jajpur unit so as to ease its financial burden and improve its cash flow requirement. It also has units located at Bishnupur and Haldia in West Bengal.
The steel sector should do well in the coming days, after a tide of imports created problems for the players. It is pertinent to mention here that the Indian economy, which grew at less than 5% for two consecutive years in 2012-13 and 2013-14 (going by a previous gross domestic product—GDP—series), saw investment come to a virtual standstill during that period. However, the government is filling the gap by pushing up capital spending. It is encouraging to note that the government’s plan expenditure jumped 112% year-on-year in the April-July 2015 period, with the capital component of plan expenditure leaping 84%, according to a 1 September report by Deutsche Bank Market Research.
Today, a stock from the Jindal Group was recommended to the Premium Group members, as a buy. Can you name the stock? Join the Premium Group, to stay ahead of others.
Note: I am changing my location in Mumbai (Bombay), hence I would be very busy for the next 9-10 days. Hence, both the Premium and Free blog might not get updated daily. Please bear with me.