Today also FCS Software Ltd got freezed and So is Hazoor Media &Power Ltd, Gujarat Intrux Ltd and Southern Online Bio-Technology Ld. [ For recommendations of these picks please visit: www.bcozindia.com --->Market Watch Section of the site]. But do not wait too long in Hazoor Media...keeping booking profits and then purchasing. Since it is a T-group so be careful.
Those who are holding FCS Software at higher price please exit this time using this rally. 1. Soma Textiles & Industries Ltd breaks the resistance of Rs.32 so keep holding the scrip with a SL of Rs.32.
2.Samkrg Piston and Rings Ltd is consolidating at Rs.82 levels and can spurt at any time. The company came up with a massive income from Exports in the last quarter( 30th June, 2006). This will continue in the following quarters due to the export intitiatives done in the last year. This company is in auto ancilliary space. It is also being recommended by www.10paisa.com.
3. Monnet Ispat and Power Ltd is on fire...Congrats!! to those who have purchased at Rs.149.
4. Zenith Computer Ltd is not doing well as expected but it is consolidating at these levels. The company came up a brilliant set of numbers for the June, 2006 quarter. The company is planning a retail foray with HCL Infosystems...It is already into retail business.
5. Sarda Plywood should benefit from the boom in the housing sector and also the buoyancy in the Tea market. It has got huge properties and also a tea garden in Assam.
6. Essar Shipping Ltd is shooting after I came out with a research report. The company with virtually young fleet of 27 tankers and a brand new management should do well. The freight rates are shooting over the roof and is expected to improve by another 30% to 40 % by March, 2007, when there will be peak demand for oil and other dry bulk cargos.
Yesterday I could not post more reports on Essar Shipping due to Internet Failure and regrets for the same. Also Keep watch on Morgan Ventures Ltd, Coral Finance and Housing Ltd, Chandra Prabhu International Ltd, but these are for the long time ...The bad result of Morgan Ventures in the last quarter is due to interest component and some gimmick during the bear phase so that they will be able to declare good results in the bull run somewhat like Patni Computers Ltd....There are some important happenings in the company which I do not want to disclose now but will be disclosed at the appropriate time.......those who are holding this scrip will be rewarded at the end of the Financial Year......More in the following postings.... So keep visiting....
Best wishes,
Suman Mukherjee
India.
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