Some Tit-bits of Stocks: Another Mushroom manufacturing company could Spring Surprise after good showing in Q3FY-2006-07: An analysts is betting heavily on Textiles, Chemicals & Fertilisers and Agro-based sectors as according to him, these could be the prime target of the Finance Minister since these three sectors taken together contribute more than half the GDP: Momentum to continue in the bourses as the Pre-Budget Rally has stated, as was mentioned in ealier positings: Look for Undervalued & Fundamentally strong Scrips in Mid, Small & Micro-Cap Space:Natural Gas drags Crude Oil down:
When would Stock Exchanges stop moving the scrips at will from one Group to Another (Like moving a scrip from the Z-group to B2 group and vice-versa), triggering rally or fall in them. Is the officials close to Dalal Street Making money on this exercise? Seems? On the name of cutting volatilty a section of unscrupulous Traders and Investors who are connected with Stock Exchange Officials, are making hefty money, due to this mindless exercise; since rallies or falls in those scrips often start much before an Official Announcement:Has the "Protector turned Predator??!!!Is SEBI hearing???!!!
[Updated at 0840 Hours]:
1. BSEL Infrastructure Realty Ltd is all set to cross Rs.115 within a short time as after India Bulls Financial Services Ltd and J P Morgan Stanley, www.5paisa.com have recommended this stock with price target above Rs.100. So look for some swift and strong upmove in this counter. There are also strong rumours of bagging of another order by the company. Don't sell a single share of the company and add on dips in intra-day trade.
2. Agro Dutch Industries Ltd ( Recommended at Rs.23.5) is shooting up like a rocket after wonderful results are declared. Another Mushroom maker Premier Explosives Ltd [Premier Explosives manufactures explosives and also grows white button mushrooms. But unlike Agro Dutch Ltd who exports mushrooms heavily and is prone to Forex Fluctuations, it sells 70% of its produce in the domestic market] have come up with wonderful set of numbers which indicated that the company's margins have increased.
Some of the recent developments in the company are:
i) it got a Rs 7 crore per year order from ISRO for 20 years.
ii)The company recently started production of specialised products for Defence sector. This effect have lifted the results of the last quarter.
iii) Good number of Overseas tie ups(Joint Ventures) and brand building.
iv)The price of mushroom have increased by 20%--30% in the Indian and International markets.
iv) The value unlocking by selling some of the assets of its mushroom division will improve both its top and bottomlines.
v) After Karvy Stock Broking Ltd another brokerage house is thinking of recommending it after the superb Q3 results. Motilal Ostwal which recommend many of my scrips could recommend this scrip also. Hence, a rally could start any time in this counter and so do not sell a single share of this stock. The stock is bound to cross Rs.100 soon.
3. There are too much operator involvement in Aftech Infosys Ltd--try to trim ur positions in this counter if u are making profits.
4. A portfolio advisory service has turned bearish on Tata Steel and have projected a downward price of Rs.400 and hence be careful to take new positions.
5. Real Estate Stocks are not moving much these days except one or two. But whatever people say on real estate sector, the land prices are bound to increase as Land is limited but Human population is not----hence the obvious answer. Look for good construction companies and hold them till budget.
6. Valecha Engineering Ltd's promoters seems to be playing with the stock--try to trim up positions in the counter. The results more or less is factored in the current price.
7. Zigma Software Company Ltd has again started hitting the upper circuits, after the comments of some mad and motivated persons in Money Control Message Board some weeks back--they called this company a fraud when it started to go down. People say whatever they like when a stock goes in for correction mode. Also the moderators there were so wise that disallowed any messages to be posted there except what they wanted. Is it a message board or a "Den of Thieves or henchmen of CNBC".
8. CNBC has tried to give a new look to its site after my out-burst or fury against the mis-management of the Message board leading to losses of investors. But it still remains to be seen if they the Moderators of MMB stop playing with the stocks or not. "The protector has turned predator"---is SEBI hearing......Mr.Damodaran is out of Bombay or what????!!!
9. NR International Ltd has hit the buyer freeze after my morning call on Friday. The company is into coal exploration. But please avoid taking too much position in this scrip as the gains could be speculative.
10. Start booking profits in Nagpur Power and Industries Ltd as it could run out of steam any time.
11. The promoters of Jai Corp are selling family jewels to show inflated EPS on the results sheets but how long can they go on doing? Do they have portfolio management team to pick shares from the market. The stock could fall below Rs.1000. Keep watch and do not take fresh positions.
12. All sorts of stories are being floated in Futura Polyester to make the stock move up. Try to avoid the counter as there lot of good counters as of today.
13. India Bulls Financial Services Ltd is running ahead of fundamentals. But its demerged entity is going to list Rs.500 plus. So sell this portion immediately as u might get trapped any time.
14. Revathi Equipments Ltd came out with disappointing set of numbers for the Q3 and hence exit as this market tends to value quarterly results more even if they are manipulated or made to look dismal to keep away from the prying eyes of Taxmen or the company has great stories to tell ahead.
15. RPG cables have run up quite a bit on the news of real estate. It is time to say bye bye to this stock as cable business is showing signs of fatigue.
16. G M Breweries Ltd did not explode downwards as commented by a lady in Money Control Message Board with the blessing of the moderators (or may be she is one of the moderators posting under pseudo names to influence the stock) and hence it is unlikely to go too low in this bull charge. Keep holding with a SL of Rs.100. But the problem is that this market tends to value results more even if the company has huge growth prospects ahead.
17. Chandra Prabhu International Ltd is getting some pressure on its margins. They have also removed the full time company secratory and brought in a part-timer which brings suspicision on the company's activities off-late. Try to exit the counter for the time being before I tell u to enter again.
18. Gravity(I) Ltd is making new highs everyday, but the stock came down on last Friday after profit booking was advised. Try to exit the stock for the time, let it cool down a bit and then agian enter. This company has a lot of stories to tell in the days ahead. The company is investor friendly and managment is under the strict control of Rashik Lal Thakkar--nothing moves in the company without his blessings.
19. Some people are betting on RNRL due to its better prospects in 2008--2009. Keep watch on this counter.
20. Silverline Technologies and Teledata Informatics Ltd are moving up dangerously as lot of stories are floated by the vested interest groups. Solution: Try to pocket whatever profit you have before getting trapped in the counter.
21. After my sarchastic comments, Shivalik Global Ltd have fallen from grace--The stock rose beyond fundamentals on the blessings of some circles (MMB gave huge publicity to this stock for the vested interests to make money). Book now profit and enter only if it falls to Rs.41--Rs.42 levels again. There is no time frame when its real estate business will start. These days all player with or without knowledge wants to venture in Real estate....are all of them making profits?? I had recommended the stock at around Rs.25.5.
22. In the current budget government could give more incentives to food processing and Agriculture sectors and hence a rally could start at any time in this space. One of the Mushroom making companies ( Agro Dutch Industries) is already rallying and more are likely to follow suit. Keep watch.
23. Kakatiya Cement Sugar & Industies Ltd is falling even after posting encouraging results--this shows how a negative sentiment can do with stocks in the sector.
24. Some Hotel Stocks without any fundamentals are running just on news and operator movement. So invest only in the stock in which u have news. Remember all hotels are not making profit.....
25. According to an analysts the next happening sectors are Textiles, Chemicals & Fertilisers and Agro-based as these could be the prime choice of the Finance Minister (FM) since the three sectors taken together contribute more than half the GDP growth. Start picking up the best in these sectors.
26. Some people are still asking me about Morgan Ventures Ltd when I have asked all to book profits at around Rs.48--Rs.49 range last year without giving fresh call on it, but people have a habit of spinning stories on it. The company could make enormours by selling property, but "God" only knows when they will be able to do the same. The management off late has turned hostile to shareholders. Solution: Keep away and avoid taking fresh position.
27. Those who have not booked profits in Flat Products Equipments Ltd earlier should do the same immediately and wait for the Results. If the results are good then then can again enter at around Rs.105--Rs.108 range.
28. An Unexpected bonus from Gujarat Apollo Equipments has made the scrip run, some weeks back. But then when is the company coming up with Bonus issue or why did the company change its name to GUJARAT APOLLO INDUSTRIES LTD or suddenly decided to enlist the equity shares of the Company at National Stock Exchange, after the proposed bonus issue is completed.??!!
More in the following postings........
Best regards,
Suman Mukherjee
India.
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