Market Mantra

Photo: Mro-Tek Ltd

Buy the shares of Mro-Tek Realty Ltd at around Rs.45-46, for short term targets of Rs.61-62. The company made a turnaround last fiscal and this year it is going fine. For March,'18 quarter the total revenues of the company came at Rs.19.31 crores generating a profit of Rs.11.06 crores and EPS of Rs.5.92. The cash EPS for the quarter was Rs.6.04 according to the data, in the BSE website. 

Today, the stock of PC Jewellers Ltd (Rs.122.90), the 2nd largest jewelry company in India is doing fine. The  risk taking investors can buy the scrip with a strict  SL at Rs.121 on closing basis.

Since, the crude oil prices are rising, one can look at Sugar Counters (...who are also into Ethanol production) like, Balrampur Chini Ltd (Rs.67.70), Sri Renuka Sugars Ltd (Rs.12.35), Dhampur Sugar Mills Ltd (Rs,85.10), etc. 

Overseas, most Asian stocks rose as China refrained from detailing retaliation plans against threatened US tariff increases. The US and China reportedly signaled they were open to resuming negotiations over trade after days of exchanging retaliatory threats. China's trade surplus narrowed to 901.32 billion yuan ($135.4 billion) in the first half of the year, down 26.7% from the same period a year earlier, data showed Friday. In January-June period, China's exports rose 4.9% from a year ago in yuan terms, and imports expanded 11.5% in yuan terms.

~~ with inputs from Capital Market, Live News....