What a day today!!! Three of the recommended scrips hit the buyer freezes:

Yes this is what most of the SumanSpeaks members have expressed on the Yahooo Messanger while expressing their satisfaction over the stock recommended. Three of my recommended stocks today hit the Buyer Freeze. Chandra Prabhu International Ltd hit the buyer freeze on the early morning trade before closing a bit low. Talbros Automotive Components Ltd and DCM Sriram Consolidated Ltd hit the buyer freezes. Paramount Communications Ltd crossed Rs.142 and then closed a tad below that price, after partial profit booking was suggessted at the counter. Stovec Industries Ltd which is mainly into textile machinery came out with scintilating results in the September quarter. The stock after I recommended at Rs.110 on the Yahoo Messanger, in the dying moments of the market, it closed at Rs.115 . The stock is expected to rise tomorrow in view of the company doing exceedingly well in all its branches of operation. I am looking at a target of more than Rs.200 in 8 to 18 months time. Coral Finance and Housing Ltd, one of the most undervalued stocks in this sector compared to its peers closed with positive gains. There are some wonderful news on this counter, which u will get on next Monday. Gravity India Ltd is also doing well. The company has ventured into Real Estate, Hotel, Retailing and Home Furnishing business. The company's shopping mall in Bhandup( Bombay's suburb) is almost on the verge of completion. The most striking part of today's trade is the news that DCM Shriram Consolidated Ltd is all set to sell 37 acres of land in Najafgarhh in West Delhi for a minimum of Rs.1400(the price could be higher) and which is being considered as the mother of all deals. I think the stock has the potential to Cross Rs.600 in the short to medium if the deal really goes through. Please read the following news item on the company, which appeared on the noted daily: Times of India of 24-10-06.

Rs.1700 Cr For 37 Acres: Mother Of All Land deals Brews In West Delhi:

This could the mother of all land deals in the city. DCM Shriram Consolidated Ltd is all set to sell 37 acres of land in Najafgarh in West Delhi for a minimum of Rs.1, 400 Cr. The price could be higher—according to company insiders, it could be a staggering Rs.1,600---Rs.1, 700 Cr. If the deal fetches Rs.1, 600 Cr or more—as insiders say it will—it will be among the largest and highest value realty transactions in the country. In May, Unitech bid Rs.1, 583 Cr for 340 acres of land in Noida and Reliance Industries bid Rs.1, 104.11 Cr for the Bandra Kurla complex in January. DSCL as 112 acres in the Najafgarh Industrial Area housing its textile units Swatantra Bharat Mills and DCM Silk Mills. Swatantra Mills used to own roughly 200 acres of land, of which over 80 acres were surrendered after the Supreme Court, banned all factories in Delhi. Big Bucks · DCM Shriram plans to sell 37 acres in W Delhi to realtors for Rs.1, 700 Cr · Unitech bid Rs.1, 583 Cr for 340 acres in Noida in May · In January, Reliance bid Rs.1, 104 Cr for Bandra-Kurla Complex in Mumbai. This left 112 acres with DSCL. Of this, the government asked for 67% to be reserved as a green belt, allowing the company to commercially develop the remaining 37 acres. According to sources close to the transaction, domestic real estate developers like Unitech, DLF and Emaar-MGF have already quoted upto Rs.1, 400 Cr for the land, while due diligence is on by two overseas real estate developers, one based in Singapore and the other in Hong Kong. DSCL plans to construct 4 million sq ft of residential and commercial space in this land, of which 3.1 million will be residential and the remaining 0.9 million commercial. At roughly Rs.1, 500/sq.ft, the total construction cost works out to Rs.600 Cr, while average sale values are between Rs.7, 000---8, 000/ sq ft or a total of Rs.3, 200 Cr, yielding a clear Rs.2, 600 Cr profit. The project will take 3—4 years for completion, by when real estate values in Najafgarh, which will be connected by the Metro, could go up. In any case, if you wish to be neighbour of Virender Sewag, keep an eye on the real estate action there. DSCL’s mills were relocated to Rajasthan in 1996 and in 50:50 JV with S P Lodia of Indo Rama Industries. More on the following mails..... Best wishes, Suman Mukherjee India. www.eindiabrokers.com www.bcozindia.com www.sumanspeaks.blogspot.com suman2005s@rediffmail.com [Only available to the memebers of SumanSpeaks, Stockgold, Bokaria, Kotasecurities & Blackbirdmoney Yahoo groups]