Friday, June 30, 2017

1. Continuing with the bad news for the construction sector, the government today hiked the
GST rate for the construction sector to 18% from 12% earlier, but removed land value from computation of tax liability. Construction of complex, building, civil structure, including a complex or building intended for sale to a buyer, wholly or partly, will attract a GST rate of 18%.
Therefore, it would be better if you exit from the construction sector, lock, stock.and barrel, till more clarity comes out. Book profits in Unitech Ltd at Rs.6.05 and exit the counter. 

2. Rolta India Ltd after lot of correction seems to have formed a base. One can take position on Rolta Ltd at Rs.51.40-51.70, for short term targets of Rs.71-72.

3. Those who are still holding RCOM Ltd (Rs.21.70), should think of averaging only above Rs.22.50. There is further bad news that the company wants to surrender a part of the spectrum in select circles, as it is unable to pay installments, from the revenue generated.

4. Those who were looking for dips to enter Power Finance Corporation Ltd (Rs.122), can think of entering at Rs.122-123, for a target of Rs.170. Premium Members have already been recommended another very good divided paying counter.
Post a Comment