Monday, October 09, 2017

Market Pulse
It has  been long that I  have posted in this blog, after an attack of Malaria. The disease takes a toll on
Photo: missrsterczek.com
your health and makes a person very weak. I am slowly recovering from the sudden blues. 

Anyway, the market, after a brief correction  is moving up basically due to Reliance Industries Ltd [Rs.837.05] and some metal shares like Tata Steel Ltd [Rs.691.45].
There is no guarantee how long this forced rally will continue as the markets are likely to open in a negative note today, tracking the global markets. According to the latest media reports: Reliance Industries Ltd has decided to exit one of its three upstream shale gas assets in the US for $126 million. RIL had bought a 60% stake in it for $392 million in 2010. So, how the shares of Reliance Industries Ltd are rising, even after this loss and due to its telecom brinkmanship in RJio is a question!!

Anyway, I have identified 5 (five) stocks for the clients which could give good returns to the investors before "Deepawali", if and only if this rally holds water. These five stocks are from various sectors, including power, defense, etc. If anyone, wishes to know the names of these stock, they should either trade through my recommended brokerage house or go for yearly subscription. 

Now, few points, I would like to mention here on some news which appeared on pink dailies: 
1. The ET writes: 
Banks face the prospect of haircuts or `loss on defaults' of up to 50% on Reliance Communications debt, according to Goldman Sachs. That's despite the Anil Ambani-led telco looking to cut its Rs.47,000-crore plus debt via alternate asset sales after its merger with Aircel was scrapped. 
This will further aggravate the pains for the shareholders of RCom Ltd [Rs.17.1], whose share is trading near its 52-week low price; after the  disruption created by RJio and NDA government's high spectrum prices shook the sector.  

2. Jaiprakash Associates Ltd [Rs.19.9] have been moving up since the last few days on some news of debt cut, though nothing has happened on ground, till date; as the company reels with a debt of ~Rs.30000 plus crore.. The company said its board had approved the transfer of certain assets and liabilities, including a debt of over Rs.11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company. But this is just an arrangement, will  not lower the real debts of the company. The stock is not likely to go above Rs.22, in the short term. 

For more such inputs and 24x7 help through Whatsapp and E-mail, you  can go for my yearly package or trade through my recommended brokerage house, with a minimum portfolio of only Rs.1 (one) lakh [Special Deepawali Offer]
You are already trading through some brokerage house or the other -- you just need to shift from that, into my associate brokerage house. This will also help me cover up some of my costs and you will get everything for Free. Your sincere co-operation is solicited, for Mutual Benefits.
For the time being Super Special Call Package has been kept on hold, due to uncertain market conditions. You can send me a mail at: suman2005s@rediffmail.com / sumanm2007s@gmail.com.
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