Today the markets have started to consolidate at the current levels after two two days of violent bull charge. Today's high point is the hitting of buyer freeze by Chandra Prabhu International Ltd, Landmarc Leisure Ltd, Nagpur Power and Industries Ltd( recommended at Rs.17 and Rs.16.5) and Induj Enetech Ltd( Recommended at Rs.18 and Rs.19). All these stocks were recommended some weeks back / some days back.
Today Gravity(I) Ltd crossed Rs.11 to settle around Rs.10. Please book some profits in the counter, those who had entered around Rs.5.5 -Rs.6.5 levels. The rest of the persons can hold the stock for some more upsides. The company has ventred into real estate and hotel business, as mentioned earlier.
Zigma Software Company Ltd and Vishal Exports Overseas Ltd has started their onward march ahead. In the first case the company in collaboration with Times of India group is making Buildings in Bangalore city. It has also earmarked 600 acres of the 1800 land in Asangaon, near Mumbai for real estate development. Please all these stocks on the days ahead as both Zigma and Vishal Exports are highly undervalued at the currrent price. Vishal Exports Overseas Ltd will generate huge revenues as it is a candidate of Carbon Credits, since the company is into non-conventional energy fields. I hope both these stocks will cross Rs. 8--Rs.9 in 12 months time. Both of them closed with good volumes and good percentage points rise.
Today just before the closing bell, I have recommended Kakatia Cement and Sugar Industries Ltd. The company's main business is Cement, while Sugar is only a small portion of the total trade. The cement prices in South India has started to firm up and Kakatia Cement will be major beneficiary to it. The company has a whopping Book Value of Rs.96.14 and EPS of Rs.17.86. I think the stock haqs the potential to cross Rs.250 in 6 to 8 months time. The share of the company is highly undervalued and I had recommended the stock last January around the same price when it rose to Rs.160. This time also I think it will rise to dizzy heights.
I think that the markets are on a roll and the momentum will continue on the Dalal Street with Bull army in full control of the situation. Please avoid shorting as this might be a potential blunder. Hold on to ur positions with occassional profit booking.
My computer will be alright within a couple of days and hence this temporary blot on my normal operational will be over within a short time.
More in the following postings......
Best regards,
Suman Mukherjee
India.
www.sumanspeaks.blogspot.com
http://finance.groups.yahoo.com/group/SumanSpeaks/
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