WINNING STROKES

The shares of Bhusan Steel Ltd hit another buyer freeze at around Rs.29 yesterday. The stock was recommended to the Premium Members at Rs.22.65 and in this blog at around Rs.24. The scrip has moved a long way from there, giving decent returns to the Patient investors. Where is the stock heading? To know, join the Premium Services.

The shares of HDIL (Rs.26.30)has been moving down, due to negativity in the real estate sector, especially in Mumbai Metropolitan Region, where only around one third of the property buyers are end users. This makes the property prices highly leveraged, against the real prices. 

Moreover, when the flats are available at cut off prices of only around Rs.50 lakhs in Matunga and Malad, then we can roughly conclude that the market is slowly heading for a crash. Now since, the real estate market in Mumbai is mainly controlled by the "Dalals" or Real Estate agents who jack up the prices showing carrot to the investors, if there is a CRASH, then its cascading effect could be tremendous like we saw in mid-1990s. In such circumstances, I would suggest you to either average the scrip of HDIL and exit around Rs.38-40 or put a SL at Rs.22 and hold without putting fresh capitial, considering that Housing Development and Infrastructure Ltd is a Mumbai based real estate developer.. I had suggested the former to the Premium Members in my yesterday's post. I do not see any hope of the real estate market in Mumbai improving in the next one year. I earlier mentioned that the company is not able to sell its land holdings, as they were purchased at high price, during the real estate boom. Therefore, I do not see a significant reduction of debt in the next 12-18 months.

Yesterday, the shares of Gitanjali Gems Ltd were given a buy to the Premium Member at around Rs.4.65, the stock hit the buyer freeze yesterday at around Rs.5.11 in the BSE. What the targets for the scrip? To know, trade through my recommended brokerage house with a minimum portfolio size of Rs.2 lakhs.

What to do with the shares of 3i Infotech Ltd (Rs.4.57) and MBL Infrastructure Ltd (CMP: Rs.17.75; for those who did not book profits at around Rs.29-31)? What is the lastest on MBL Infrastructure Ltd and Sri Adhikar Brothers' shares?

My earlier Premium Members, would get a flat discount of 35% on the current price tag  (of subscription fees). So, if you were associated with my Premium Service, at any time  during the last 10-12 years, you can avail of this "Dhamaka Scheme". Also, small investors would get some discounts on the current subscription fees. 

Also, I was down with Malaria since sometime, so I could not update the blog on regular basis during the last few days. Though I have recovered from illness but the weakness still persists and hence the activities in this blog might get affected. However, the Premium Members, would continue to get my inputs from time to time.

Winning Strokes

Bhusan Steel Ltd hit another buyer freeze at around Rs.27.35 in the BSE, as the fall in coking coal prices continue to provide cushion for the steel companies. Another of my recommended steel counters moved up by more than 5% today. 

The real estate prices in Mumbai and NCR are not expected to rise up in a hurry and hence there is a long waiting period for the shareholders of Housing Development Infrastructure Ltd (HDIL). The share closed flat at Rs.31.35 in the NSE. 

The shares of TV Vision Ltd today made an intraday low (and 52-week low) of Rs.11.55. Why this is happening and where is the stock heading? 

The micro-cap  IT company which I recommended to the Premium Members, last month hit  the buyer freeze today at around Rs.4.26. The stock is expected to give at least 50% from the CMP, to the Patient Investors. 

The shares of P C Jewellers Ltd today made an intraday high of Rs.264.25 in the NSE before closing at Rs.202.30 down more 15% from yesterday's close of Rs.240.45. Where is the stock heading? Should one buy at this price?

I will recommend a small cap counter to the Premium Members, tomorrow;n after my success with Bhusan Steel. If you want to know the name you need to either join my Premium Service or trade through my recommended brokerage house. 

Note: I am running high fever, due to intense heat wave conditions here in Bombay and hence the updates of this blog could suffer. However, the Premium Members, would continue to get my inputs through e-mail and Yahoo Messenger. 

Winning Strokes

Photo: Realty Plus Mag

Bhusan Steel Ltd recommended to the Premium Members on last Friday, hit the buyer freeze. After a long time, the steel sector is on the verge of a turnaround as the companies are making profit, due to the fall in the coking coal prices.According to Bhushan Steel’s website, the company is the third largest secondary steel producer in the country with an existing steel production capacity of 5.6 million tonne per annum. Bhushan Steel Ltd is one of the 12 non-performing accounts referred by the Reserve Bank of India to National Company Law Tribunal (NCLT). It owes Rs.44,478 crore to lenders. For targets and other finer details you need to join the Premium Service. What is the other Steel Stock that I recommended to the Premium Members?

What is the latest news on TV Vision Ltd (Rs.12.95)? Why is the stock hitting new lows everyday? What to do with the stock of its sister company: Sri Adhikari Brothers Television Network Ltd (Rs.14.50)? Will it go down also like TV Vision Ltd? For details join the Premium Service or trade through my recommended brokerage house. 

What is the latest on the stock Housing Development Infrastructure Ltd (HDIL)? Why it is not able to sell its land holding, inspite of being the highest land holder in the Mumbai Metropolis? Why did you bounce from the level of Rs.31?

RattanIndia Power Ltd moved up by 9.42% on last Friday and closed at Rs.5.11 on the news that Rajiv Rattan, who co-founded Indiabulls Group at the turn of the century before moving out three years ago, has partnered with a US-based private equity firm Lone Star Funds to jointly invest $400 million (Rs.2,600 crore) in his non-banking financial company RattanIndia Finance Pvt. Ltd. It is pertinent to mention here that when the Indiabulls Group got divided Rajiv Rattan took control of the power and infrastructure arms. Rattan is now chairman of RattanIndia Power Ltd and RattanIndia Infrastructure and Power Ltd, formerly known as Indiabulls Power Ltd and Indiabulls Infrastructure and Power Ltd, respectively.  There are mumurs on Dalal Street that RattanIndia Finance, under RattanIndia Group, may compete in certain segments with the diversified conglomerate Indiabulls Group, now led by Sameer Gehlaut. What effect will it have on the RattanIndia Power Ltd?

P C Jeweller Ltd moved up by around 43.80% in the NSE. Bombay Stock Exchange had earlier sought clarification from the company on the news report that CBI has arrested owner of PC Jeweller. The company clarified to the BSE:”We would like to clarify that the news item is factually incorrect.” “We would like to assure our investors, shareholders and other stakeholders that there is nothing wrong with the company and its operations, the fundamentals of the company remain strong and it continues to move ahead on growth path,” the filing added.Where is the stock heading?

I have recommended a micro-cap company in the field of IT and another small cap company in the field of construction, to the Premium Members. If anyone wants to know their names, they are required to trade through my recommended brokerage house. If you are a small investor, you will get discounts on my Premium Service. 

Uttam  Galva Steel Ltd: Buy

CMP: Rs.13.85

Photo: The Economic Times

There were earlier media reports that Lakshmi Mittal had decided to sell his 29.5% stake in Uttam Galva Steels Ltd at a loss; as the amendments to the Insolvency and Bankruptcy Code (IBC) had barred errant promoters from re-acquiring their own assets and also any related party. 

When the Insolvency and Bankruptcy Code was amended in November, 2017 questions were raised about ArcelorMittal's eligibility as a bidder since it was listed as one of the promoter entities of Uttam Galva; though the group has always maintained that it had no members on the board and were passive investors. 

The Economic Times, stated on 6 Februry, '18 that though an inter-sell transfer of shares among promoters, Sainath Trading Company Limited, a group entity of the promoters of Uttam Galva, the Miglani family, will be buying 4,13,27,931 shares, representing the entire block of shares owned by ArcelorMittal Netherlands BV at an average of Rs.24/share. The Miglani family thereafter will own the entire 60.87% stake, with public shareholders owning the remaining 39.13%, a .. 

Now the catch point is that: the book value of Uttam Galva Steel Ltd is -Rs.47.95, while the buy back is happening at Rs.1 per share, according to Business Standard. Does it not look a little strange and points towards an invisible hand??!! Also, from where the money will come when Miglani family is bankrupt? Who is the real investor?

Photo: The Business Standard

Now, in another development India Infoline had come out with a report that ArcelorMittal is likely to pay Rs.3,000 crore to Uttam Galva Steels Ltd to allow the company to settle its debts. Under Article 29 A of the IBC, promoters of companies that have been declared as non-performing assets are ineligible for participation without clearing their dues. This payment by ArcelorMittal would allow it to re-bid for Essar Steel, without its resolution plan getting upheld under Article 29 A of the IBC.

The total debt of Uttam Galva stood at Rs.6,192 crore at the end of FY17. The management of Uttam Galva recently made an offer to SBI to reduce its debt by ~50% by taking a haircut on outstanding debt. If both these developments take place then the stock should see an extremely positive reaction as the company would be removed from the uncertainty of an NCLT ruling as well as have its interest cost reduced drastically.

Also, I feel that Mittal Group could be bidding for a stake in the company in a fresh way, especially when the share price is trading at almost half the buy back price and now that hassle of promoter tag has been removed. 

The share sale is taking place at a time when bidding for other stressed steel assets is under way, has alarmed lenders and other bidders. This modus operandi could be a way of circumventing guidelines, as all promoters can sell their shares in defaulting units and will, thus, become eligible to bid.

Moreover, after a long hiatus, the steel sector is on the verge of a turnaround due to a sharp fall in the coking coal prices. The essential parameters responsible for the increase in steel mills' profitability are: 

a) A cut in Steel Production in China, leading to a decline in Chinese Exports and

b) A Pick up in ex-China steel demand...

I therefore suggest that risk taking investors can buy the shares of Uttam Galva  Steels Ltd at around the CMP for a short term target of Rs.19. The market cap  of the company is only Rs.197.03 and the  cost of setting up a 1 (one) MTPA capacity steel plant in India is not less than Rs.5000-6000 crore or Rs.50-60 billion. The share is trading above its 30D SMA.  

For Stop Loss, Target and other finer details, you need to join the Premium Service or trade through my recommended brokerage house with a minimum portfolio size of Rs.2 lakhs. 

Winning Strokes

Photo: Yopriceville.com

The Sensex and the Nifty logged modest gains on first trading day of the week. The barometer index, the S&P BSE Sensex, rose 112.78 points or 0.33% to settle at 34,305.43. The Nifty 50 index rose 47.75 points or 0.46% to settle at 10,528.35. The Sensex and the Nifty advanced for the eight straight trading session. Market sentiment got a boost after India's annual WPI-based inflation eased to 2.47% in March, helped by a fall in food prices. The Sensex and the Nifty, both, attained their highest closing levels in almost seven weeks.

A bout of volatility was seen in early trade as the key benchmark indices cut losses after a gap-down opening triggered by negative Asian stocks. The Sensex regained the psychological 34,000 level soon after an initial slide pulled it below that level in opening trade. Stocks recovered further lost ground in morning trade. Indices extended losses in mid-morning trade on fresh selling in index pivotals. Indices recovered sharply in afternoon trade after India's annual wholesale price inflation slightly eased in March. Stocks advanced in late trade and hit fresh intraday high.

Overseas, Asia and European stocks were mixed as investors assess airstrikes against Syria over the weekend and focus on the start of earnings season in the US as well as speeches by Federal Reserve officials. US stocks fell on Friday, 13 April 2018 as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market.

US President Donald Trump declared mission accomplished via Twitter on Saturday, a day after the US, France and the UK launched military strikes targeting three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on April 7. Meanwhile, Russian President Vladimir Putin reportedly warned on Sunday that further Western attacks on Syria would bring chaos to world affairs, as Washington prepared to increase pressure on Russia with new economic sanctions.

Back home, the Sensex rose 112.78 points or 0.33% to settle at 34,305.43, its highest closing level since 27 February 2018. The index rose 148.81 points, or 0.44% at the day's high of 34,341.46. The index fell 293.31 points, or 0.86% at the day's low of 33,899.34.

The Sensex has risen 1,286.36 points, or 3.90% in eight trading sessions from its low of 33,019.07 on 4 April 2018.

The Nifty 50 index rose 47.75 points or 0.46% to settle at 10,528.35, its highest closing level since 27 February 2018. The index rose 59.55 points, or 0.57% at the day's high of 10,540.15. The index fell 84.25 points, or 0.80% at the day's low of 10,396.35.

The S&P BSE Mid-Cap index rose 0.34%. The S&P BSE Small-Cap index rose 0.56%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1,416 shares fell and 1,253 shares rose. A total of 207 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Realty index (up 1.82%), the S&P BSE Healthcare index (up 1.11%), the S&P BSE FMCG index (up 0.96%), the S&P BSE Basic Materials index (up 0.78%), the S&P BSE Consumer Discretionary Goods & Services index (up 0.72%), the S&P BSE Finance index (up 0.72%), the S&P BSE Power index (up 0.67%), the S&P BSE Utilities index (up 0.56%) and the S&P BSE Capital Goods index (up 0.44%), outperformed the Sensex. The S&P BSE Bankex (up 0.3%), the S&P BSE Industrials index (down 0.13%), the S&P BSE Oil & Gas index (down 0.14%), the S&P BSE Energy index (down 0.15%), the S&P BSE Consumer Durables index (down 0.21%), the S&P BSE Telecom index (down 0.51%), the S&P BSE Teck index (down 0.69%) and the S&P BSE IT index (down 0.78%), underperformed the Sensex. The S&P BSE Metal index settled on a flat note. The S&P BSE Auto index rose 0.33%, matching the Sensex's rise in percentage terms.

Index heavyweight and housing finance major HDFC rose 1.64% to Rs 1,870.70. The stock hit a high of Rs 1874.50 and a low of Rs 1834.70 in intraday trade.

Index heavyweight and cigarette major ITC rose 1.42% to Rs 264.50. The stock hit a high of Rs 264.90 and a low of Rs 260.75 in intraday trade.

Private sector banks rose. Kotak Mahindra Bank (up 1.88%), RBL Bank (up 1.74%), HDFC Bank (up 0.55%), Yes Bank (up 0.31%), City Union Bank (up 0.28%), Axis Bank (up 0.06%) and IndusInd Bank (up 0.06%), edged higher. Federal Bank (down 0.2%) and ICICI Bank (down 0.28%), edged lower.

Public sector banks declined. Allahabad Bank (down 2.17%), Punjab National Bank (down 2.07%), Dena Bank (down 1.27%), Indian Bank (down 1.11%), Bank of Maharashtra (down 1.04%), Bank of India (down 0.99%), United Bank of India (down 0.82%), State Bank of India (down 0.76%), Punjab & Sind Bank (down 0.66%), Vijaya Bank (down 0.61%), Bank of Baroda (down 0.6%), Central Bank of India (down 0.5%) and Canara Bank (down 0.34%), edged lower. IDBI Bank (up 0.07%), Union Bank of India (up 0.1%), Corporation Bank (up 0.49%) and Andhra Bank (up 1.4%), edged higher.

UCO Bank fell 6.49% to Rs 20.90 on reports CBI filed a case against former bank chairman Arun Kaul relating to an alleged Rs 621 crore bank loan fraud case.

Reliance Industries (RIL) fell 0.17% to Rs 937.25. RIL's subsidiary Reliance Jio Infocomm (RJIL) has signed a ~JPY 53.5 billion Samurai term loan with 7 year bullet maturity (the Facility). The Facility is guaranteed by RIL and will be used for funding RJIL's ongoing capital expenditure. The Facility will be shortly launched into syndication. The announcement was made on Saturday, 14 April 2018.

Meanwhile, RIL on Sunday, 15 April 2018 said that the company in conjunction with JM Financial Asset Reconstruction Company submitted a resolution plan for Alok Industries. The plan did not meet with the approval of the Committee of Creditors of Alok Industries as required under the Insolvency and Bankruptcy Code, RIL said.

Most IT stocks rose. Oracle Financial Services Software (up 2.98%), MindTree (up 1.83%), Hexaware Technologies (up 1.18%), TCS (up 1.07%) and HCL Technologies (up 0.88%), edged higher. Wipro (down 0.15%), Persistent Systems (down 0.41%) and MphasiS (down 1.72%), edged lower.

IT major Infosys fell 3.10% to Rs 1,132.80 after the company's operating margin outlook fell short of market expectations. The result was declared after market hours on Friday, 13 April 2018. Infosys' consolidated net profit fell 28.1% to Rs 3690 crore on 1.6% increase in revenues to Rs 18083 crore in Q4 March 2018 over Q3 December 2017. Q4 March 2018 operating margin improved to 24.7% from 24.3% in Q3 December 2017. The result are under International Financial Reporting Standards (IFRS).

On a consolidated basis, net profit grew 11.7% to Rs 16029 crore in the year ended 31 March 2018 over the year ended 31 March 2017. Revenues were Rs 70522 crore in the year ended 31 March 2018, a year on year (YoY) growth of 3% in reported terms and a growth of 5.8% in constant currency terms. Operating margins were reported at 24.3% in the year ended 31 March 2018.

On a consolidated basis, Infosys expects revenues to grow 6%-8% in constant currency in the fiscal year ending 31 March 2019 (FY 2019). It expects revenues to grow 8.2%-10.2% in rupee terms in FY 2019. Operating margin is expected in range of 22%-24% in FY 2019.

On 13 April 2018, Infosys entered into a definitive agreement to acquire WongDoody Holding Company, Inc., a US-based digital creative and consumer insights agency for a total consideration of up to $75 million including contingent consideration and retention payouts, subject to regulatory approvals and fulfillment of closing conditions.

On the macro front, the annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 2.47% (provisional) in March 2018 (over March 2017) as compared to 2.48% (provisional) for the previous month and 5.11% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.47% compared to a build up rate of 5.11% in the corresponding period of the previous year, the Ministry of Commerce & Industry said in a statement today, 16 April 2018.

Meanwhile, India is set to get a normal monsoon this year, with average rainfall likely to be 97%, the India Meteorological Department (IMD) announced today, 16 April 2018. Between 96% and 104% of the long-period average is considered a normal monsoon, and the margin of error is 5%.

India's merchandise exports fell 0.7% to US$ 29.11 billion in March 2018 over a year ago. Meanwhile, merchandise imports moved up 7.1% to US$ 42.80 billion. The trade deficit jumped 28.6% to US$ 13.69 billion in March 2018 from US$ 10.65 billion in March 2017. The data was released by the Ministry of Commerce and Industry after market hours on Friday, 13 April 2018.

Merchandise exports in rupees declined 1.9% to Rs 189271 crore, while imports moved up 5.8% to Rs 278297 crore in March 2018 over March 2017. The trade deficit rose to Rs 89026 crore in March 2018 compared with Rs 70127 crore in March 2017.

India's merchandise exports increased 10% to US$ 302.84 billion, while merchandise imports surged 19.7% to US$ 459.67 billion in April-March 2018. An increase in imports was driven by a 25.7% jump in oil imports to US$ 109.11 billion. India's merchandise trade deficit galloped to US$ 156.83 billion in April-March 2018 from US$ 108.92 billion in April-March 2017.

#The stock of Mandhana Industries Ltd is now trading at around Rs.6.60 in the NSE. I expect it to reach Rs.9, by October, '18. There were earlier media reports that NCLT's, MUMBAI BENCH hass granted EXTENSION of CIRP for further period of 90 days beyond period of 1st 180 days Also, I was told by an unconfirmed source that "Being Human" brand is unofficially owned by Salman Khan's sister: Alvira Khan Agnihotri and according to the same source, "There are talks of changing the brand ambassador, following the recent court verdict on Black Buck case". I however could not independently verify this information. 

#The stock of P C Jewellers Ltd, is now trading at around Rs.300.75, after touching a high of around Rs,314 last week. The stock was recommended to the Premium members at around Rs.297. What to do with this scrip? 

#The scrip of Lanco Infratech Ltd today closed at Rs.1.05 in the NSE. The stock which was recommended around Rs.1.1-1.15 is not performing as expected; in the short term. So, what to do? What is the latest development in the company? 

#The stock of MBL Infrastructure Ltd today made a high of Rs.26.15. It was recommended as a buy last week to the Premium Members to be bought today. In NSE it made a low of Rs.22.75. I hope most of them are sitting at a profit today, after buying during intraday dips. 

#I have recommended a micro cap IT stock and a hidden Jewelry micro-cap stock to the Paid Members. I will disclose the name of the stock either at the end of this month or by the middle of next month. Both the stocks looks to me to be a turnaround story. If you want to know the names of the shares, then you should either trade through my recommended brokerage house or subscribe to my Premium Service. I  have introduced a SPECIAL DISCOUNT SCHEME for the SMALL INVESTORS and for EARLIER SUBSCRIBERS of my Premium Service. This will be open till 30th of this month. 

~~with inputs from  Capital Market - Live News

Market Pulse

Firmness prevailed in early afternoon trade as key barometers continued marching upwards. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 192.81 points or 0.57% at 34,293.94. The Nifty 50 index was up 57.25 points or 0.55% at 10,515.90. Nifty was trading above the 10,500 mark.

The broad market depicted strength as 1,487 shares rose and 925 shares fell on BSE. Among secondary barometers, the BSE Mid-Cap index was up 0.82%. The BSE Small-Cap index was up 0.72%. Both these indices outperformed the Sensex.

The key indices opened higher and firmed up further as the session progressed. The Sensex rose 199.43 points, or 0.58% at the day's high of 34,300.56 in early afternoon trade, its highest intraday level since 28 February 2018. The index rose 53.81 points, or 0.16% at the day's low of 34,154.94 in early trade. The Nifty rose 57.90 points, or 0.55% at the day's high of 10,516.55 in early afternoon trade, its highest intraday level since 1 March 2018. The index rose 17.15 points, or 0.16% at the day's low of 10,475.80 in early trade.

Adani Ports and Special Economic Zone (up 3.21%), Kotak Mahindra Bank (up 1.8%) and Dr Reddy's Laboratories (up 1.6%), were the top gainers in the Sensex pack.

Hindustan Unilever (down 0.48%), Larsen & Toubro (down 0.41%) and State Bank of India (down 0.06%), were the major losers in the Sensex pack.

Realty shares were trading higher. Indiabulls Real Estate (up 2.41%), Prestige Estates Projects (up 1.45%), Peninsula Land (up 1.30%), Oberoi Realty (up 1.20%), Housing Development and Infrastructure (HDIL) (up 1.10%), Parsvnath Developers (up 1.08%), DLF (up 0.96%), D B Realty (up 0.70%), Sobha (up 0.50%), Godrej Properties (up 0.47%), Omaxe (up 0.31%) and Phoenix Mills (up 0.23%), edged higher. Mahindra Lifespace Developers (down 0.23%), Sunteck Realty (down 0.37%) and Unitech (down 0.62%), edged lower.

FMCG shares were mixed. GlaxoSmithKline Consumer Healthcare (down 1.78%), Marico (down 1.5%), Dabur India (down 0.77%), Godrej Consumer Products (down 0.23%) and Colgate Palmolive (India) (down 0.03%), edged lower. Tata Global Beverages (up 0.07%), Procter & Gamble Hygiene & Health Care (up 0.29%), Jyothy Laboratories (up 0.34%), Britannia Industries (up 0.4%), Bajaj Corp (up 1.12%) and Nestle India (up 1.2%), edged higher.

Index heavyweight and cigarette major ITC was up 0.11% at Rs 262.30.

On macro front, the all-India general consumer price index (CPI) inflation eased marginally to five-month low of 4.28% in March 2018, compared with 4.44% in February 2018.

India's industrial production continued to record a healthy growth for the fourth straight month at 7.1% in February 2018 over February 2017. The manufacturing sector's production surged 8.7% in February 2018, contributing to the overall growth in industrial production. However, the growth of electricity generation output moderated to 4.5%, while the mining output declined 0.3% in February 2018.

Overseas, Asian stock markets gave up some of their early gains Friday after China reported a surprise trade deficit for March.

China's Shanghai Composite was down 0.59%. China's trade balance swung to a deficit of $4.98 billion in March from a $33.7 billion surplus in the previous month. Exports declined 2.7% in March from a year earlier, following a 44.5% surge in February. Imports in March expanded 14.4% from a year earlier, compared with a 6.8% increase in February.

US stocks closed sharply higher on Thursday, as geopolitical concerns appeared to fade after President Donald Trump tweeted that a military strike on Syria may not be imminent. Escalating tensions over the Middle Eastern country were seen as a major contributor to weakness in Wednesday's session.

Today's Calls:

#Exit out of the shares of MCX Ltd at around Rs.766 and enter 63 Moon Technologies Ltd at around Rs.97.

#I have recommended a small cap Tech stock which has a turnaround story to the Paid Members. Those who wish to know the name,, should join my service at the earliest. 

~~wtth inputs from Capital Market - Live News

TV Vision Ltd: Buy

CMP: Rs.16.800

Book Value: Rs.34.54

Face Value: Rs.10

Market Cap: Rs.58.71 Cr

Industry P/E: Rs.47.03

Introduction: After Sri Adhikari Brothers  (SAB) Group demerged all its various business verticals,

in 2016, TV vision Ltd became a part of the Rs.2000 crore group. The group now has dedicated entities for movie production (parent SAB Group), television production (TV Vision) and events and publishing (SAB Events and Governance Now Media). 

At present, TV vision Ltd comprises a bouquet of five channel broadcasting bouquet, namely Mastiii, Dabangg, Maiboli, Dhamaal Gujarat & Dillagi. It plans to add few more regional channels along with a mainstream Hindi GEC, in the near future.

There were earlier media reports that SAB Group has earmarked Rs.400-500 crore on strengthening its broadcast and film business. Additionally, the company said it is building two state-of-the-art studios -- one near Sahar International Airport and the other in North Mumbai.

Shareholding Pattern: The promoters hold 37.63%, while the general public holds 62.37%. Among the general category, the Central Bank of India holds 8.85% of the shares of the company. 

Triggers:

#It has already carried out a test launch of its Northeastern channel Se7en (pronounced ‘seven’) which will feature international and locally produced music content. The channel is expected to be launched soon.

The company is also planning to launch its comedy focused brand Happii. The brand will operate in four verticals – on television as a comedy focused Hindi general entertainment channel Happii, on-ground as Happii-G, on digital as Happii-Fi and as an audio only-mobile entertainment vertical in the form of Happii-Me. It has launched its digital initiative Happii-Fi which is not an OTT platform. 

#There were earlier media reports that the company is in talks to acquire a Multi Channel Network (MCN) and are in discussions with three-four companies. It might announce the deal by the end of 2018.  The company wants to go big in the digital space, as it is the future for all businesses.

#It will continue to create 100% original digital content, including web series and short formats. The company is also looking at extending its reach through strategic tie-ups with OEMs and OTT players and even telecom companies. The company hopes to be India’s biggest multi-platform comedy brand.

#Though  SABTNL holds all the content and IPs of the group, including the digital business, TV Vision will indirectly be benefited from it....The SABTNL has huge content library which it plans to syndicate library, formats and sell the remake rights to other countries as well. 

#Higher government ad spend in the run-up to Lok Sabha election, recovery in major verticals like real estate and FMCG will aid revenues in the broadcasting space. Therefore, whatever be the verdict of India’s general election next year, many analysts are betting TV broadcast companies. The biggest reason: the government’s expected advertising blitzkrieg.

Conclusion: Though the untimely death of Gautam Adhikari, has rocked the company's boat, but it is slowly coming out of that shock. 

The 52 Week High (adjusted) for the scrip is Rs.283.85, while its 52 Week Low (adjusted) is Rs.13.95.  The stock closed above its 21D EMA and is likely to face the 1st resistance at around Rs.18.70-19.20 zone. In the short term we can look for targets of Rs.27-29, while on the medium to long term the targets could be as high as Rs.82/124/157/191. Hence, accumulate the scrip on all declines, for some superb returns going forward. 

Market Pulse

The key benchmark indices drifted lower in early trade amid initial volatility. At 10.47 am, the Sensex was trading at 33,575.71 down 21.09 or 0.06%, while the Nifty was seen at 10,313.15 down12.00 or 0.12%.

The S&P BSE Mid-Cap index was up 0.1%. The S&P BSE Small-Cap index was up 0.18%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 888 shares rose and 611 shares fell. A total of 49 shares were unchanged.

Overseas, Asian stocks were trading mixed while US stock futures dropped after US President Donald Trump ordered his administration to consider tariffs on an additional $100 billion worth of Chinese imports. Mainland China markets are shut for a holiday.

The latest move is a continuation of a growing trade dispute between the two countries. Trump previously announced $50 billion in proposed tariffs on goods imported from China, which responded by announcing about $50 billion in proposed tariffs on US goods

US stocks closed higher yesterday, 5 April 2018 with major indexes posting their first three-day rally in several weeks as investors dialed back fears that a trade spat between the US and China will turn into a full-blown trade war.

Meanwhile, the US trade deficit rose 1.6% in February and remained near a 10-year high. The US trade deficit rose to $57.6 billion in February from $56.7 billion in the prior month, data released yesterday, 5 April 2018 showed.

Today's Calls:

#The stock of Pincon Spirits Ltd was recommended at around Rs.20.70 on 28 March, 2018. The scrip hit the buyer freeze at Rs.27.25,in the NSE today. The board of Pincon Spirits Ltd also approved setting up of a polythylene terephthalate bottle (PET) manufacturing plant at Asansol with a tentative cost of Rs.20 crore. The Asansol plant will have a production capacity of 10 lakh bottles per day and will be used for the company’s captive use.

The Ongoing Marriage season  and Sizzling summer months ahead is likely to push up Beer sales in India. Remain invested in Liquor companies....

#Buy the shares of Ortel Communications Ltd at around Rs.21-22, for short term targets of Rs.31-35. As reported by TelevisionPost.com earlier, the board of directors of Ortel had approved the issue of equity shares to promoter/promoter group entities not exceeding Rs.8.75 crore. The company has proposed to issue 25 lakh equity shares at an issue price of Rs 35 per share to the promoters on preferential basis for an aggregate amount of Rs 8.75 crore. Moreover, the board had also approved the issue of 9% cumulative, non-convertible, redeemable preference shares for an amount not exceeding Rs.10 crore by way of private placement for a period of five years. It had also approved the acceptance of fresh inter-corporate loan of Rs 8 crore at 9% per annum for a period of five years.

#Buy the shares of TV Vision Ltd at around Rs.16.80, for the upper circuits at Rs.17.10. The short term targets for the scrip are Rs.27-29. The stock has been asked to be accumulated in every dip, even when it was trading at around Rs.14.5-15. One good quarter will take the stock to dizzy heights. 

#The shares of Sri Adhikari Brothers Television Network Ltd hit the buyer freeze at around Rs.18.10. The stock was asked to be accumulated in every dip, especially when it fell to around Rs.15. Those who have bought, might be laughing their way into banks. 

#Intraday sell SILVER at around Rs.38260, SL above Rs.38400,  Target:Rs.37800

#Buy REC Ltd at around Rs.131.75, SL: Rs.129.75, Target:Rs.135-137 on T+2 basis. This is a pure chart based call.

#The scrip of MBL Infrastructure Ltd moved to Rs.25.85, intraday. You can look for targets of Rs.29-31 in the coming days, where you should book some profits.

# Buy Reliance Industries Ltd FUTURE at around Rs.914-914.60, SL below Rs.910.50; Target:Rs. 922.

#Those who have invested in the share of Lanco Infrastructure Ltd (Rs.1.10) should continue to add on declines. This is one stock Pincon Spirits Ltd, TV Vision Ltd and Sri Adhikri Brothers Ltd, on which I am betting on, for some splendid returns going forward.

#The scrip of Jai Corp Ltd was recommended from around Rs.139 levels. The share today touched high of Rs.164.65. It was mentioned on 21st March, '18, that it has huge prospects, going forward.

#In stock market you should always have back funds, to leverage them, as and when you get opportunities or to cover up any loss incurred earlier. I have seen that is the best method to make money on consistent basis. By back-up fund I mean that you should have at least 30% of your total investable funds at hand, to be used in case of any emergency investment. After profit booking this fund should again be routed to the bank. In any case you should not invest more than 70% of your total fund in the share market. 

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

Market Pulse

The stock market continued to trade with modest losses in mid-morning trade.

At 11:19 IST, the barometer index, the S&P BSE Sensex, fell 191.06 points or 0.58% at 32,983.33. The Nifty 50 index dropped 57.65 points or 0.57% at 10,126.50. The Sensex was trading below 33,000 level after falling below that level in intraday trade.

Weakness in global stocks weighed on sentiment on the domestic bourses. Key telecom stocks dropped. Cement stocks fell.

Key indices started the session on a negative note amid weakness in global stocks. Indices extended losses in morning trade and traded with modest losses in mid-morning trade. Among secondary indices, the S&P BSE Mid-Cap index fell 0.18%. The S&P BSE Small-Cap index declined 0.49%. Both these indices outperformed the Sensex.

The breadth, indicating the overall health of the market, was weak. On the BSE, 1,422 shares declined and 761 shares advanced. A total of 147 shares were unchanged.

Key telecom stocks dropped. Reliance Communications (down 4.42%), Idea Cellular (down 2.79%) and Bharti Airtel (down 2.54%) declined.

Cement stocks fell. Ambuja Cements (down 1.29%), ACC (down 0.98%), UltraTech Cement (down 0.53%), Grasim Industries (down 0.38%) and Shree Cement (down 0.27%) declined.

Shares of Hindustan Aeronautics were trading at Rs 1,166.85 on BSE, a discount of 3.96% from the issue price of Rs 1,215 on its debut on the bourses today, 28 March 2018. The shares got listed on the BSE at Rs 1,169. The stock had hit a high of Rs 1,184 and low of Rs 1,150 so far during the day.

On the macro front, the total revenue received under Goods and Services Tax (GST) for the month of February 2018 (received in February/March upto 26 March) has been Rs 85174 crore. 1.05 crore taxpayers have been registered under GST so far till 25 March 2018.

Overseas, Asian stocks dropped tracking overnight slide on Wall Street. US stocks closed sharply lower yesterday, 27 March 2018, erasing earlier gains, as a decline in the broader tech sector brought the major indices down. Last week, reports emerged alleging that Cambridge Analytica, an analytics company, had gathered data from 50 million Facebook profiles without users' permission, raising concerns over data privacy.

Today's Calls:

#High - Risk - High - Gain Counter: Buy Pincon Spirit Ltd at around Rs.20.70, SL: Rs.17, T: Rs.31-39-45-51. Last year in June, Pincon Spirit Ltd announced that it will set up two new plants in West Bengal at a total cost of about Rs.50 crore. The company’s board approved “setting up of a rice bran oil refinery and solvent extract automated plant at Dankuni Industrial area, West Bengal, at a tentative cost of Rs 30 crore,” Pincon Spirit said in a BSE filing. It will have a production capacity of 200 mt per day. Of the total production, 50 per cent will be for captive use of Pincon rice bran oil brand sales across India, while the rest will be for bulk supplies to corporate buyers.
The board of Pincon Spirits Ltd also approved setting up of a polythylene terephthalate bottle (PET) manufacturing plant at Asansol with a tentative cost of Rs.20 crore. The Asansol plant will have a production capacity of 10 lakh bottles per day and will be used for the company’s captive use.
The Ongoing Marriage season  and Sizzling summer months ahead is likely to push up Beer sales in India. Remain invested in Liquor companies....

#Buy NIFTY FUTURE at around 10130; SL: 10105; Target: 10168....Book PARTIAL PROFIT at around 10151.

#Intraday BUY Tech Mahindra Ltd at around Rs.633, SL: Rs.626, T: Rs.645-65. Book FULL PROFIT at around Rs.640.

#Buy BANK_NIFTY Future of 24400CE at around Rs.25-26; SL  below Rs.10 for a target of Rs.52 - 68.....

#Buy the shares of Housing Development & Infrastructure Ltd (HDIL) at around Rs.39.9, T: Rs.45-47, SL: Rs.36..

#Those who are holding the shares of P C Jewllers Ltd can continue to add on declines, keeping a strict stop  loss at Rs.311. After demonetization and implementation of the GST, the gems and jewelry space is slowly limping back to normalcy. Also, destruction of the brand Gitanjali Gems Ltd is likely to have positive effect on the stocks of the branded jewelry companies.

~~With inputs from Capital Market - Live News...

WINNING STROKES

#The stock of Reliance Infrastructure Ltd which was recommended yesterday at around Rs.422,

reached the 1st target of Rs.437 (intraday high of Rs.437.55) before closing at Rs.431.60 in the NSE. If the market remains buoyant tomorrow then we can look for targets of Rs.441-447-452 tomorrow. The company has an order book of more than Rs.5000 and is on the verge of becoming debt free.

#The scrip of Inox Wind Ltd recommended today at around Rs.108, made an intraday high of Rs.113.45, before closing at Rs.111.25 up 2.72%. According to some analysts after receiving a shock post budget, the wind energy sector is likely to stabilise in 2018 and fully recover in 2019. Therefore, try to sit on the train before it is too late.

#The share of P C Jewellers Ltd today made an intraday high of Rs.331.90 before closing at Rs.323.65. Those who have bought the share at higher price can average at the current levels, for targets of Rs.337-341.

#The stock of Steel Authority of India Ltd was recommended today at around Rs.71. The stock made an intraday high of Rs.74.20, before closing at Rs.73.20. We can look forward for targets of Rs.82-87, in the coming days.

#The stock of 3i Infotech Ltd closed flat today at Rs.5.05. The investors can do well to buy the scrip at every decline and keep holding.

#The Nifty has given a break out above 10150, the next targets for the Nifty are 10260 followed by 10430 and 10565.

Market Pulse

Key benchmark indices traded with modest gains in mid-afternoon trade tracking firmness in European stocks. At 3.26 pm the Sensex was seen trading 33,204.64 up 138.23 points or 0.42% while the Nifty was trading at 10,184.55 up 53.90 or 0.53%.

Market sentiment remained positive on strong global cues amid reports of trade negotiations between the United States and China, which eased fears of a trade war and improved investors' risk appetite.

Key indices opened the session on a higher note on positive global stocks. Indices trimmed gains in morning trade and hovered with small gains in mid-morning trade. Indices hit intraday lows in early afternoon trade before recovering some intraday gains and trading range bound in mid-afternoon trade.

Among secondary indices, the S&P BSE Mid-Cap index advanced 1.18%. The S&P BSE Small-Cap index gained 1.47%. Both these indices outperformed the Sensex.

Overseas, European and Asian stocks advanced after Wall Street rebounded in previous trading session amid a slight easing in trade tensions. US stocks closed sharply higher yesterday, 26 March 2018, bouncing back from strong losses in the previous session as trade tensions between the US and China appeared to ease.

Closer home, the broader market depicted strength. On the BSE, 1,841 shares advanced and 704 shares declined. A total of 137 shares were unchanged.

Auto stocks were mixed. Eicher Motors (up 2.24%), Maruti Suzuki India (up 0.8%), Ashok Leyland (up 0.35%) and Tata Motors (up 0.29%) gained. Bajaj Auto (down 0.96%), Hero MotoCorp (down 0.53%), TVS Motor Company (down 0.43%) and Mahindra & Mahindra (down 0.31%) edged lower.

Aviation stocks surged. Jet Airways (India) (up 4.75%), InterGlobe Aviation (up 2.57%) and SpiceJet (up 1.16%) advanced.

Kalpataru Power Transmission gained 1.53% to Rs 470.45 after the company announced that it has secured new orders/notification of award of Rs 901 crore. The announcement was made during market hours today, 27 March 2018.

On the political front, voting for the Assembly elections in Karnataka will be held on 12 May 2018, and the results will be out on 15 May 2018.

Meanwhile, the no-confidence motions moved by various opposition parties against the ruling National Democratic Alliance (NDA) have not been taken up even today as both the houses of Parliament were adjourned for the day. Ever since the second half of the Budget session commenced from March 5, the Parliament has been adjourned over vociferous protests from the opposition parties over a range of issues like PNB scam, Cauvery water board and Andhra Pradesh special category status.

Today's Calls to the Premium Members:

#Buy the shares of Inox Wind Ltd at around Rs.108-109, T; Rs.181, SL: Rs.97. 

#Buy the scrip of Steel Authority of India Ltd (SAIL) at around Rs.71, T: Rs.82, SL: Rs.67.

#Buy the stocks of UPL Ltd at around Rs.734; SL :Rs.716; T: Rs.761 on T+2 basis.

~~With inputs from Capital Market - Live News..

Winning Strokes

Photos: Colossos

The Indian bourses got support at around near 9981, as mentioned to the Premium Members during the market hours yesterday. The pullback rally made the Nifty gain by 132.60 points or 1.33%. The Nifty is likely to get some resistance near 200-DMA, but the short term trend remains bullish.  

The stock of Reliance Infrastructure Ltd which was recommended around Rs.422 yesterday, moved to Rs.429.15 in the NSE before closing at Rs.424.80. Today, if the market remains buoyant, then we could see Rs.433-437 - 441-447 levels. 

The scrip of MCX Ltd (Rs.688.75) moved to Rs.698, after it was recommended around Rs.681, to the Premium Members. The company is likely to launch two more products in April 2018. In an interview to CNBC-TV18, Mrugank M Paranjape, MD & CEO of Multi Commodity Exchange of India (MCX) said that  the exchange is witnessing positive increase in volume in the 45-50 days of Q4. In January, this year SBI Mutual Fund bought 8,19,048 shares of Multi Commodity Exchange of India at Rs.840.50. We can look for targets of Rs.797-820 in the coming days.. 

The share of 3i Infotech Ltd yesterday moved to Rs.5.25 in the  NSE before closing at Rs.5.05. With the IT industry undergoing rapid changes in recent years, whether it is on, the software side or new business models, software companies are forced to adopt or make crucial changes to their overall strategies in order to stay relevant in the changing times. And that’s what the Mumbai based software product company 3i Infotech has done in recent years by planning and executing a three-stage business strategy of ‘protect-consolidate-grow.’ To a large extent, this strategy has been successful in helping 3i Infotech to revive and revamp its overall business, software product portfolio, customers, revenue, and growth. You can start averaging and we can look for targets of Rs.5.70-6.90-7.85 in the coming days.

Today, during the market hours I will recommend a short term momentum counter to the Paid Group members. Join the Premium Group or trade through my associated brokerage house with a minimum portfolio size of Rs.3 lakhs to get the name of the scrip; which is likely to cover your subscription charge. 

Also, note that I have decided to give Special discounts on the subscription charge, to the SMALL INVESTORS, till 15th April, 2018. So hurry up!! The market has become so competitive these days, that it is getting increasingly difficult to make money on a consistent basis even for the experts. 

Market Pulse

Key benchmark indices hovered with small losses in morning trade after a volatile start. At 10:18 IST, the barometer index, the S&P BSE Sensex, fell 30.97 points or 0.1% at 32,565.57. The Nifty 50 index dropped 23.85 points or 0.24% at 9,974.20. Market sentiment remained subdued amid fears of global trade war.

The S&P BSE Mid-Cap index fell 0.22%. The S&P BSE Small-Cap index dropped 0.27%. Both these indices underperformed the Sensex.

Overseas, Asian stocks edged lower amid fears that rising tensions between the United States and China could lead to a full-blown trade war. US stocks fell sharply on Friday, 23 March 2018 as investors assessed the possibility of a trade war brewing between the US and China.

Meanwhile, reports suggested that China and the US have quietly started negotiating to improve US access to Chinese markets, after a week filled with harsh words from both sides over Washington's threat to use tariffs to address trade imbalances.

Closer home, the breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 1,298 shares declined and 809 shares advanced. A total of 118 shares were unchanged.

Telecom stocks were mixed. Reliance Communications (up 0.88%) and Idea Cellular (up 0.32%) advanced. Bharti Airtel (down 0.45%) and Mahanagar Telephone Nigam (down 0.26%) edged lower.

Cement stocks also witnessed a mixed trend. Shree Cement (up 0.91%), Ambuja Cements (up 0.51%) and ACC (up 0.17%) edged higher. Grasim Industries (down 2.13%) and UltraTech Cement (down 0.54%) edged lower.

Dr Reddy's Laboratories (DRL) was down 0.7%. The company announced that it has launched Palonosetron Hydrochloride Injection, 0.25 mg (base)/5 ml, a therapeutic equivalent generic version of Aloxi Injection approved by the US Food and Drug Administration (USFDA). The announcement was made during market hours today, 26 March 2018.

NHPC was down 0.19%. The company announced that it has fully commissioned a 50 megawatts solar power project in Theni/Dindigul District of Tamil Nadu on 23 March 2018. The announcement was made after market hours on Friday, 23 March 2018.

Lumax Auto Technologies gained 1.26% after the company's board of directors considered and approved a 5-for-1 stock-split of equity shares. The announcement was made after market hours on Friday, 23 March 2018.

Today's Calls:
#The risk taking traders can buy the shares of Reliance Infrastructure Ltd at around Rs.422, T: Rs.441, SL: Rs.415. The company has an order book of more than Rs.5000 crore and its share has a good value. It is strange why the stock is trading at such dismal levels. Also, after the completion of the deal of the sell of its power division, the company is likely to become debt free.

#Buy the shares of MCX Ltd at around Rs.681, T: Rs.797, SL: Rs.667. The other targets are Rs.939 and Rs.1129.

#Buy the shares of P C Jewelers Ltd at around Rs.321-322, T: Rs.341, SL: Rs.315. The ongoing marriage season is likely to boost up the share price of the P C Jewellers Ltd, apart from lowering of competition due to the demise of one of the most reputed brands like Gitanjali Gems Ltd. 

~~With inputs from Capital Market - Live News....

Market Pulse

The market trimmed gains in early afternoon trade as profit booking emerged at higher levels. The Sensex is now trading above the psychological 33,000 mark. Positive trend in other Asian indices boosted sentiment in domestic market. Cement and telecom shares rose.

The market hit fresh intraday high in mid-morning trade after opening in positive terrain. Key indices trimmed gains in early afternoon trade. The Sensex rose 358.17 points, or 1.09% at the day's high of 33,354.93 in mid-morning trade, its highest level since 16 March 2018. The index rose 94.06 points, or 0.29% at the day's low of 33,090.82 in early trade. The Nifty rose 102.95 points, or 1.02% at the day's high of 10,227.30 in mid-morning trade, its highest level since 16 March 2018. The index rose 48.85 points, or 0.48% at the day's low of 10,173.20 in early trade in early trade.

Among secondary barometers, the BSE Mid-Cap index was up 0.80%. The BSE Small-Cap index was up 0.79%. Both these indices outperformed the Sensex.

The market breadth was strong. On BSE, 1,473 shares rose and 960 shares fell. A total of 161 shares were unchanged.

Overseas, Asian shares were trading higher after recent losses amidst caution ahead of a key US Federal Reserve policy meeting outcome. US stocks ended higher Tuesday, led by strong gains in the energy sector as the overall market reclaimed some lost ground from the previous day, when tech shares fell sharply.

The US Federal Reserve started a two-day monetary policy meeting yesterday, 20 March 2018. The outcome of the meeting will be announced later in the global day today, 21 March 2018, with new Chair Jerome Powell set to give his first news conference.

Transport Corporation of India rose 2.26% after the company announced acquisition of a new ship to increase capacity in the West coast of India. The announcement was made after market hours yesterday, 20 March 2018.

Transport Corporation of India said that the company's division, TCI Seaways, has announced capacity addition and business expansion of its domestic coastal shipping business through acquisition of another vessel in the West coast of India. The total investment made in the acquisition of the new ship is about Rs 48.80 crore. The financing for this new ship has been done through internal accruals and loan from banks. The new ship with a dead weight tonnage (DWT) 26262 can hold 766 containers (TEUs and FEUs). Each container with a carrying capacity of 30 tonne will be plying in the West-South coast corridor.

On the economic front, investment bank Goldman Sachs reportedly downgraded its forecasts for India's economy on Tuesday, 20 March 2018, in the wake of a more than $2 billion fraud at Punjab National Bank, warning it could spark tighter regulation of the banking sector that would constrain credit growth. Goldman Sachs lowered its real GDP forecast on India till March 2019 to 7.6% from 8% earlier. For the current fiscal ending 31 March, it forecasts the Indian economy to grow 6.6%.

Today's Calls:

#Buy the shares of Reliance Infrastructure Ltd at around Rs.448-449, SL: Rs.446, Target: Rs.471. The infrastructure companies are likely to do well in the days to come, especially Reliance Infra, after it had substantially reduced its debt and has an order book of more than Rs.5000 crore. 

#Buy the shares of Lanco Infrastructure Ltd at the lower circuit at Rs.1.15 and keep holding. The stocks of high debt companies fell after Dr.Subramanium Swamy's tweet on Adani group. However, these are the times, you need to take positions in such scrips. Earlier there were news reports that: Four companies have evinced interest in acquiring Lanco Infratech, the holding company for several power and infrastructure projects having loan totaling more than Rs.45,000 crore.

#The stock of Jai Corp Ltd today rose to Rs.145.5, and is now trading at around Rs.141.50. The stock has huge prospects going forward.

#The shares of 3i Infotech Ltd has hit the buyer freeze at Rs.4.85 in the NSE. The investors should keep holding and start averaging after it gives a closing above Rs.6. 

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

Pre-Session: Shares may open lower on weak global cues

20-Mar-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 27 points at the opening bell on weak global cues.

Overseas, Asian shares declined as investors braced for new Federal Reserve Chairman Jerome Powell's first policy meeting starting later in the day. Investors also have been worrying this month about a potential global trade war, triggered by the Trump administration moving ahead with tariffs on foreign steel and aluminum.

US stocks finished sharply lower Monday as concerns about Facebook Inc.'s management of user data sparked a selloff in technology shares. Investors also lightened their positions ahead of the Fed's policy meeting.

The US Federal Reserve's two-day monetary policy meeting is scheduled on March 20-21. Strengthening labor market and a steady increase in price pressures could pave the way for the Federal Reserve to raise interest rates in upcoming meeting. The US central bank has forecast three rate increases for this year, but there are also expectations that it will raise its projection to four hikes at the meeting.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 292.23 crore yesterday, 19 March 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 191.52 crore yesterday, 19 March 2018, as per provisional data.

The domestic market declined on a broad-based selling pressure yesterday, 19 March 2018. The barometer index, the S&P BSE Sensex, fell 252.88 points or 0.76% to settle at 32,923.12. The Nifty 50 index dropped 100.90 points or 0.99% to settle at 10,094.25. The Sensex settled below the psychological 33,000 level after slipping below that level in intraday trade. The Sensex fell for the fifth straight session while the Nifty declined for the fourth straight trading session. Both the Sensex, and the Nifty, hit lowest closing level in more than 12 weeks.

~~Powered by Capital Market - Live News

WINNING STROKES

Photo: Financial Express

The stock market declined on a broad-based selling pressure. The barometer index, the S&P BSE Sensex, fell 252.88 points or 0.76% to settle at 32,923.12. The Nifty 50 index dropped 100.90 points or 0.99% to settle at 10,094.25. The Sensex settled below the psychological 33,000 level after slipping below that level in intraday trade. The Sensex fell for the fifth straight session while the Nifty declined for the fourth straight trading session. Both the Sensex, and the Nifty, hit lowest closing level in more than 12 weeks.

Metal and bank shares witnessed selling pressure. Drug major Lupin advanced after the company received approval from the US drug regulator for a generic drug indicated for the treatment of plaque psoriasis in patients 18 years of age or older.

Weak global cues ahead of the US Federal Reserve's policy decision later in the week influenced trading sentiment on the domestic bourses. A sharp widening of India's current account deficit (CAD) too weighed on investors' mood.

The S&P BSE Mid-Cap index tumbled 1.58%. The S&P BSE Small-Cap index tanked 1.98%. Both these indices underperformed the Sensex.

The broad market depicted weakness. There were nearly four losers against every gainer on BSE. 2,190 shares declined and 555 shares advanced. A total of 166 shares were unchanged.

The total turnover on BSE amounted to Rs 3230.08 crore, compared with the turnover of Rs 3683.79 crore registered during the previous trading session.

Among the sectoral indices on BSE, the BSE IT index (down 1.98%), the BSE Telecom index (down 3.4%), the BSE Bankex index (down 1.09%), the BSE Metal index (down 2.65%), the BSE Oil & Gas index (down 1.7%) and the BSE Realty index (down 3.01%) underperformed the Sensex. The BSE Auto index (down 0.74%), the BSE Capital Goods index (down 0.1%) and the BSE Power index (down 0.59%) outperformed the Sensex.

Bank stocks tumbled. Among public sector banks, IDBI Bank (down 7.35%), Bank of Baroda (down 7.2%), Punjab National Bank (down 2.53%) and State Bank of India (down 1.78%) declined.

Among private sector banks, Kotak Mahindra Bank (down 1.07%), ICICI Bank (down 1.04%), IndusInd Bank (down 0.61%) and HDFC Bank (down 0.4%) edged lower.

Yes Bank dropped 2.57%. The bank said that its Capital Raising Committee (CRC) would consider a potential issuance of second tranche of Notes under the Medium Term Note Programme of the bank, within the limits permitted by regulatory authorities, on or after 21 March 2018. The announcement was made after market hours on Friday, 16 March 2018. It may be recalled that Yes Bank had informed in November 2017 that the CRC of the board of directors of the bank had approved the setting up of the Medium Term Note Programme of the bank aggregating to an amount of $1 billion, out of which $600 million has already been drawn in the first tranche.

Axis Bank fell 0.61%. The bank said it has decided to introduce a new tier of 6% per annum interest for savings bank customers maintaining balance of Rs.10 crore and above. Customers will continue to get 3.50% per annum for savings deposit balances of less than Rs.50 lakh and 4% for savings deposit balances between Rs.50 lakh and less than Rs.10 crore. The above rates will be effective 19 March 2018. The announcement was made during trading hours today, 19 March 2018.

In a separate announcement after market hours on Friday, 16 March 2018, Axis Bank said it has reviewed and retained the marginal cost of funds based lending rates (MCLRs) across all tenors effective from 17 March 2018. The bank's MCLRs vary between 7.85% and 8.5% ranging from overnight to three-year tenors.

Metal shares declined. NMDC (down 6.47%), Hindustan Copper (down 5.8%), Steel Authority of India (down 5.43%), Tata Steel (down 4.24%), Hindalco Industries (down 3.54%), JSW Steel (down 2.29%), Hindustan Zinc (down 2.17%), Jindal Steel & Power (down 2.36%) and Vedanta (down 0.76%) edged lower. National Aluminium Company was up 1.82%.

Drug major Lupin rose 0.37% after the company announced that it has received final approval for its Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml from the United States Food and Drug Administration (USFDA). Lupin's Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml is the generic equivalent of Taro Pharmaceuticals U.S.A Inc.'s Topicort Topical Spray, 0.25%. It is a corticosteroid indicated for the treatment of plaque psoriasis in patients 18 years of age or older. Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml had annual sales of approximately $19.5 million in the US (IQVIA MAT January 2018). The announcement was made during trading hours today, 19 March 2018.

Tata Power Company fell 0.81%. The company said it selected Tata Communications to launch its IoT based, Automated Meter Infrastructure(AMI) in partnership with L&T Meters in Mumbai. Tata power worked on a state-of-the-art IoT AMI solution to provide power measurement parameters such as instantaneous, load profile, tamper and billing information on periodic manner. The data will be then ingested into Tata power's Meter Data Management (MDM) system which will enable fast turnaround time of data provision to MDM thereby bringing in operational effectiveness and better reconciliation between distribution points and end customers. The announcement was made during trading hours today, 19 March 2018.

Grasim Industries was up 0.32%. The company said that the production capacity of Epoxy Resin, Reactive Diluents and Hardeners at company's Epoxy Plant at Vilayat ( Gujarat) has increased from 82,350 million tons per annum (MTPA) to 1,23,097 MT per annum through de-bottlenecking process. The announcement was made after market hours on Friday, 16 March 2018.

UltraTech Cement was off 1.63%. Binani Industries (BIL) which is independently seeking termination of the insolvency proceedings relating to its subsidiary Binani Cement (BCL) which was admitted by the National Company Law Tribunal (NCLT), Kolkata Bench based on reference filed by Bank of Baroda in terms of the provisions of the Insolvency and Bankruptcy Code, has approached the company for arranging funds to pay-off the lenders debts and other liabilities as admitted in the IBC proceedings against an offer of sale/transfer of its entire BCL equity shareholding through a shares sale and purchase agreement.

UltraTech Cement has in-principle concluded commercial understanding with BIL for purchase of 98.47% of the shareholding of BCL subject to termination of IBC proceedings, entering into definitive agreement and other customary and regulatory approvals. BIL has requested the company to issue a comfort letter which shall be used as a support in its application seeking termination of the IBC proceeding.

The Board of Directors of UltraTech Cement at its meeting held today, 19 March 2018, after considering the request made by BIL has agreed to issue the comfort letter confirming that the company will provide funds amounting to Rs 7266 crore, being the amount it had offered to the Committee of Creditors in terms of the Resolution Plan submitted by it for acquiring BCL. The announcement was made during market hours today, 19 March 2018.

On the macro front, India's current account deficit (CAD) was reported at $13.5 billion (2% of GDP) in Q3 of FY 2018, up from $8 billion (1.4% of GDP) in Q3 of FY 2017 and $7.2 billion (1.1% of GDP) in the preceding quarter. The widening of the CAD on a year-on-year (y-o-y) basis was primarily on account of a higher trade deficit ($44.1 billion) brought about by a larger increase in merchandise imports relative to exports.

On the political front, the Telugu Desam Party (TDP) and Yuvajana Shramika Rythu Congress Party (YSR Congress) moved no-confidence motions against the NDA government in the Lok Sabha today. However, no-confidence motion was not introduced, and Lok Sabha was adjourned till tomorrow after continuous uproar.

The Lok Sabha was held up for the 11th day as the TDP, YSR Congress, TRS and AIADMK continued their protests over various issues, including the banking scam and special status for Andhra Pradesh. The lawmakers from these parties trooped into the well holding placards. TDP, the BJP's erstwhile biggest ally in south which walked out of the NDA last week, and its arch-rival YSR Congress have demanded a no trust vote against the government.

The Rajya Sabha was adjourned for the day without transacting any business after parties from Tamil Nadu and Andhra Pradesh disrupted proceedings over their state specific demands. The government has only managed to get some key bills and the budget passed amid a din through a voice vote without a debate as the session has been a virtual washout so far.

The US Federal Reserve's two-day monetary policy meeting is scheduled on March 20-21. Strengthening labor market and a steady increase in price pressures could pave the way for the Federal Reserve to raise interest rates in upcoming meeting. The US central bank has forecast three rate increases for this year, but there are also expectations that it will raise its projection to four hikes at the meeting.

#Lanco Infratech Ltd recommended a couple of days back, hit another buyer freeze at Rs.1.25 in the NSE. The stock is expected to reach the targets mentioned earlier and hence accumulate on all dips. I will recommend a similar momentum counter by next week. Those who want to invest in that scrip should get enrolled in my Premium Service, by the end of this week. 

#In view of weak global and domestic cues, the Indian bourses are likely to fall further. The spot Nifty is probably heading towards 10030 and 9700 levels. Hence, avoid talking longs, unless there is a compelling story. 

#My recently recommended P C Jewelers Ltd, yesterday made an intraday high of Rs.381.8 before closing at Rs.365.3. The investors are suggested to keep a tight stop loss at Rs.362  and keep holding. 

#The stock of T V Vision Ltd yesterday fell from the intraday high of Rs.17.2 and closed at Rs.15.75. One good quarter for the company would take the scrip above Rs.50 and hence remain invested. 

#The scrip of 63 Moons Technologies Ltd yesterday made an intraday high of Rs.113.75 before closing at Rs.104.10. Unless the stop loss given earlier is broken the investors can hold the scrip. 

~~Powered by Capital Market - Live News