SumanSpeaks: The Information Super Highway

Breaking news on Premier Explosives Ltd : I have at last found out why Mr.B M Vijay Kumar is resigning...I am happy to announce that he is resigning on purely personal ground, which told in plain english comes as " for better prospects ahead". So this news has nothing to do with the functioning of the company which is doing excellently well. Besides the company's two overseas joint ventures will start from the next month, one is a CIS country and another with Turkey. Besides lot of orders are on the pipelines which could be announced one by one in the days to come. The company after selling the assets of Mushroom Division will be a fully focussed one with lucrative defence contracts and also for making industrial explosives. The demand for the company's products are huge and hence in the next few months we can expect good results from the company. I have already mentioned an EPS of Rs.7-8 for FY-06-07--this gives a target of around Rs.150--170 if we consider the indu...

F&O unwinding, global weakness pull the markets down: Premier Explosives Ltd clocked huge volumes and will soon become darling of the investors. The company is going to sell the assets of the mushroom division at a Huge Premium, which will directly flow into the balance sheet. I am trying to find out why B M Vijay Kumar resigned---may be the company is looking for a more competent secretary ??!!: Garnet Construction Ltd hit the buyer freeze: Please do not put all your holdings in one basket as after all this is stock market, where anything can happen: Radhe Developers Ltd (Recommended at Rs.16.5) has crossed Rs.20 with good volumes. The promoters have increased their stake in the company : The markets expected to show similr volatility in the next few days and to stabilise from the 2 week of Next Month: People should not sell Small and Mid cap stocks which have already got beaten down and is looking attractive for investment: People should stop looking ta the Indices which is a ...

At last my Prediction on Premier Explosives Ltd came to be true, ending all speculations: I am happy to say that at last ending all speculations, Premier Explosives Ltd has come up with a wondeful news from its offices. Please read the following news: Premier Explosives Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 26, 2007, has decided to sell assets of Mushroom Division to M/s. Inventaa Chemcials Ltd for a consideration of Rs 17.50 crores plus value of stocks, work -in-progress and finished goods at the close of business hours on April 01, 2007. The stocks is expected to rise from tomorrow as earnings of Rs.17 Cr will directly flow into the Balance Sheet of the company. The company as mentioned in many of my earlier mails will now be able to concentrate on its core business activities i.e. Lucrative Defence Deals. According to a top source: "Lot of orders of the company are on the pipleline and one by one they will be announced in...

Good news: Garnet Construction Ltd has at last started hitting continuous buyer freezes. Sanguine Media Ltd also hit the buyer freeze today. Now start buying Premier Explosives Ltd as the company has an important board meeting today, where the issues relating to the selling of the assets of the mushroom division will be discussed among the many other important issues. The company could annouce future course of action and also declare that, its focus now shiting to its core competence i.e. lucrative defence deals. The company is expected to get the benefits of the current budget in the form of increased allocation to infrastructure (for making roads in inaccessive terrains, u need explosives), increased dedence allocation, and also government's stress on mining. At the CMP, the share price is trading only a little more than 2x book value. I think the stock has the potential to at least double from the current price of Rs.42.

Important news of the week: 19/03/2007 PBA Infrastructure Ltd. PBA Infrastructure Ltd has informed BSE that the following contracts awarded to the Company, from Brihanmumbai Mahanagarpalika, Mumbai. The details of the contracts are given below: 1. E-194: Concreting and improvement of side strips of the roads and allied works in M/West Ward: a) R C Marg from Tembe Bridge to Hemu Kalani Marg b) Road No. 15 from DK Sandu Road to RC Marg c) Road No. 17 from DK Sandu Road to RC Marg Contract amount is Rs 8,45,00,000/-. 2. E-197: Concreting and improvement of Roads 'S' & 'T' Ward: a) Swapna Nagari road b) Goshala road Improvement of roads and side strip in Paver blocks in 'S' & 'T' Ward Contract amount is Rs 20,08,30,000/-. 20/03/2007 Maral Overseas closes Jammu unit Maral Overseas has shut down its Jammu unit due to increased cost of expenditure.The company has taken all necessary steps to implemented the voluntary retirement scheme for the employ...

Stock Talk : After Garnet Construction Ltd, Sanguine Media Ltd, and Cinemax India Ltd another of my earlier recommended stocks which looks attractive is Premier Explosives Ltd . The company is doing extremely well in all its fronts with lot of orders in the pipleline. The new inputs which I got from the sources is that the company is coming up with a board meeting on 26-03-07, where the proposals regarding the selling of the assets of the Mushroom Division will be discussed. The company has already sought the shareholders' approval for selling the same. If the company gets the shareholders' approval( which is likely), the net proceeds from the sell would be utilised for clearing the old debts and also for furthering the expansion and modernisation programmes. Premier Explosives Ltd will now focus on the core competence and is expected to purse the defence sector in a more vigorous manner. With the government increasing the allocation for the defence sector in this budget and ...

Prospect of rate cut in US brings cheer: The market got a leg up today, as Asian stocks rallied to three-week highs, led by exporters. Investors were delighted by prospects of rate cuts in the United States, Asia's top export market. Short covering in derivatives also aided the solid surge. Banking, auto, telecom shares and FMCG pivotals led the rally. The provisional closing of the Sensex was 13,311.78, a gain of 365.90 points for the day. The Sensex today reached its highest level in more than three weeks. The provisional closing of the Nifty was 3,877.20, a gain of 112.65 points. The market-breadth on BSE was strong. Against 1,644 shares rising, 973 declined while 75 did not change. Gainers had outpaced losers by a ratio of 1.68:1. Although breadth was strong on BSE throughout, it had weakened during the course of trading. Breadth was much stronger in mid-morning trade. At about 11:30 IST, the advance-decline ratio was 2.73:1. The US Federal Reserve policy-setting meeting on W...

Garnet Construction will complete acquisition of the land for the Mega "Magic Hills" project By April, 2007: The markets might come up for a smart rally Today, after favourable news erupted from the US Fed Headquarters: I had in the last week cautioned the investors about some "analysts" who proliferate on various TV channels(Specially the "dangerous" and much "less understood breeds" called "Technical Analysts"-- seems their technics are only understood by TV Anchors themselves. It is appaling to see how most of the TV channels bring them in droves like cattle, since there is no dearth of them; but fail to show what percentage of their "So called predictions" comes out to be correct)while taking investment decisions. Garnet Construction Ltd has already acquired more than 325 acres of land at Express Highway near Panvel in Navi Mumbai for Residential and Industrial project, which will require a total of 400 acres. The location...

Markets off kicks the bears out of the ring, Sensex soars 240 points: The BSE Mid-Cap Index ended at 5,341.13, up 9.7 points (0.18%), while the BSE Small-Cap Index settled at 6,369.64, gaining 14.4 points (0.23%), from its previous close: Garnet Construction Ltd hits the buyer freeze before cooling down: Investors suspicious over the rise of the shares of Jai Corp again. Be careful of not to take too much exposure in the counter for the time being: Premier Explosives is consolidating around the current levels for the next upmove:Tea Stocks end their dream run: landmarc Leisure hits continuous buyer freezes, but do not take fresh positions: Shivalik Global hits third consecutive buyer freeze: NEPC India Ltd recommended in the morning as a speculative buy remains in the buyer freeze: Hanil Era Textiles Ltd hits the buyer Freeze: Have patience to earn from the markets: Overall sentiment now looks bullish: The market advanced throughout the day, except the odd blip in early afternoon tra...

Sensex jumps on all-round buying: Small and mid-cap shares join the party:Today"s rally was broad based, with participation of shares from small and mid-cap shares:The BSE Mid-Cap Index ended at 5,286.67, up 51.1 points (0.98%), while the BSE Small-Cap Index ended at 6,335.07, up 60.43 points (0.96%):The market-breadth, which indicates the overall health of the market, looked strong on BSE. Against 1,402 shares advancing, 1,124 declined. A total of 72 scrips remained unchanged:The 30-share BSE Sensex settled 214.59 points (1.73%) higher, at 12,644.99, helped by strong globe markets and bout of some short-covering in the derivatives segment. The S&P CNX Nifty rose 70.35 points (1.95%), to 3,678.90: : Scrips from the banking, capital goods, IT, oil & gas and telecom sector were among the top gainers. The BSE FMCG Index was the lone loser among the sectoral indices:Garnet Construction Ltd closes flat: Due to some unknown reason most of the Tea counters closed with positive g...

Realty Check on the real estate front: Unitech, Garnet Construction, Lok Housing, D S Kulkarni, Era Construction,Mehendra Gesco and BSEL Infrastructure Realty Ltd could be bought in a staggered way in this market: The next trigger for the markets is the Q4 results of most of the companies: Premier Explosives will complete the due deligence of the sale of the assets of the mushroom division in this month:Keep holding Zigma Software, Vishal Exports, and Soma Textiles with appropriate stop lossses for the short term. For the long term one do not have to worry as the long term India Growth story is intact:The sensex will touch 40, 000 by 2015 A.D. Indian Real estate sector is set for an exponential growth in the next few years, driven by favourable demographics( an ever growing population of young high income group), improving regulatory environmenet, rapid urbnisation, shorage of land, and robust support from the financial sector. Indian real estate revenues are estimated to be in the ra...

Take advantage of the Bear Phase: By G. S. Roongta The stock markets continued to reel in the bear phase that enveloped them ever since the presentation of the Union Budget on 28th February 2007. Not only did cement stocks suffer the most as a result of the dual excise policy announced to indirectly control cement prices but also stocks from related sectors like steel, infrastructure, construction and real estate have been badly hammered down since then. The general consensus in the market is that the ruling UPA government is under great pressure for its survival after the unexpected defeat it suffered in the recent assembly elections in Punjab and Uttrakhand. Party analysts lay the blame at the door of inflation and rising prices ushered in by the liberal policies of the government. It has, therefore, no option but to check its liberal policies and adopt some popular measures, which its Left allies had been clamouring for. This is significant as UP, the largest state, is due to hold ...