#In the currency call today, SELL EUR-INR at around Rs.76.37, SL: Rs.76.52, T: Rs.76.20. The INR is likely to show strength, following RBI's holding of Repo rates. Book PARTIAL PROFIT at around Rs.76.32.
#Yesterday's Buy call on P C Jewellers Ltd (intraday high Rs.408.75) at around Rs.396, SL below Rs.385, T: Rs.415-422 on T+2 basis is doing fine today.
#Momentum Call: Buy Havells Ltd at around Rs.521, SL: Rs.510, T: Rs.537 on T+4 basis. Havells India key Products/Revenue Segments include Cables which contributed Rs.2,675.61 Crore to Sales Value (40.62% of Total Sales), Domestic Switchgears which contributed Rs.1467.68 Crore to Sales Value (22.28% of Total Sales), Electrical Consumer Durables which contributed Rs.1419.87 Crore to Sales Value (21.55% of Total Sales), Light Fittings & Fixture which contributed Rs.894.47 Crore to Sales Value (13.58% of Total Sales), Others which contributed Rs.128.33 Crore to Sales Value (1.94% of Total Sales) for the year ending 31-Mar-2017.
The central government last month announced the auction of up to 21 GW of solar and wind power projects by March 2018. The government is looking at auctioning 17 GW of solar power capacities by March 2018 and 3-4 GW of wind power capacities. The government has already auctioned 2 GW wind capacities so far in first and second rounds this year. It has also decided to put for bidding 10 GW wind capacities each in 2018-19 and 2019-20 to meet the target of 60 GW by 2022.
“Due to aggressive auction prices there will be some initial impact on margins for a year but it will unlock a bigger market and I’m very much interested in this opportunity,” Suzlon chairman Tulsi Tanti said in an interview in New Delhi, adding that auctions could open up as much as 10 gigawatts of capacity. Suzlon’s optimism is a vote of confidence in India’s auction process—a first of its kind for wind anywhere in Asia—which saw prices plunge when the first tender was held in February. Several foreign wind turbine makers have increased their focus on India in the expectation that the market is set to expand further along with the broader use of auctions. Vestas Wind Systems A/S, the Danish turbine manufacturer that inaugurated a new blade factory in March, this week introduced a 2-megawatt turbine in India suited for medium to low wind sites.
“It’s not just about us but about everyone—our suppliers, customers and banks—the entire chain has to focus on being competitive,” said Agustin Sanchez-Tembleque, Vestas’s head of sales in India, when asked if auctions will squeeze margins. German turbine maker Senvion SA, which set up shop in India last year, expects auctions to increase volumes, thus compensating for thinner margins. Suzlon plans to introduce its new S128 machine—a 2.6-megawatt turbine with rotor diameter of 128 metres (420 feet) and a tower height of 120 metres to 140 metres for low wind sites— in the 12 months beginning in April 2018, Tanti said.
If you want to make good money from the share market, then always take the help of a couple of experts in this trade or from those who are in Stock Market arena for more than a couple of decades.