WINNING STROKES: THINK DIFFERENT: Dish TV Ltd recommended around Rs.23 reached Rs.32.3 today. While many including a well known analyst from Bombay (Who writes Fifty-Fifty in various publications) also came heavily against Dish TV Ltd, when I wrote there cannot be a better business than forward signals which DTH Channels are doing at present. Rolta Ltd recommended in the morning in this blog gave handsome returns to the investors, as the stock soared past Rs.81, in the late trade. The company came out with very good numbers for the Q4FY09. Valecha Engineering Ltd hit the buyer freeze today with good volume. The company announced that the Board of Directors will also consider increase in authorised capital, if required, in the meeting of the Board of Directors of the Company scheduled be held on April 30, 2009. Nu Tek India Ltd which was recommended around Rs.29.5 last month touched Rs.48.75 today, before coolling down a bit. There is a report on the company at: www.sumanspeaks.blogspo...
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Private research group says consumer confidence soars in April amid hopeful economic signs Anne D'Innocenzio I am yet to figure out why Investors are selling of Pyramid Saimira Theatres LTd (PSTL) as the recent turn of events has nothing to do with the fundamentals of the company. It is now an open secret that the company's fundamentals are improving and all of us are looking for Q4FY09 results to decide on our future course of action. Rolta Ltd is up today, after it fell yesterday, unnecessarily in the late market hours. The company came out with good results for the Q4FY09. [Breakng News on Ennore Coke Ltd: It has bought 60% stake, mining company called Reed Mineral Ltd in Arkansas, US. The first Shipment from the US has already arrived last month. Moreover, the company is looking to acquire some mines in Australia and Europe. What is interesting to note is that the company has last month (March,2009) increased the price of Metallurgical Coke by Rs.1000 per tonne. This is s...
For CBI , Quattrocchi is no longer most wanted [Updated] [ My addition: It seems, Dr. Manmohan Singh has started to pay back for using the seat of Prime Minister which was originally allotted to Ms.Sonia Gandhi!! Is LOOTING OF PUBLIC PROPERTY, becoming institutionalised now?? Think carefully, because the next phase of voting is just a few days away.... The news that has just arrived from my sources in Assam (South Assam) is that a top level Congress Leader has been seriously injured today, after he was attacked by a mob of at least 300 people; allegedly on corruption charges. NEEDLESS TO SAY THAT TIME TIME IN ASSAM, the AGP -- BJP COMBINE WOULD SWEEP THE ELECTIONS; after the newly formed AUDF (Assam United Democratic Front and also called Muslim League of Assam) played the Muslim Card (and to some extent Hindu Card), leaving the Congress Party begging and gasping....... The AGP - BJP combine is slated to bag at least 8 (eight) seats in Assam alone. Besides this in North East, Dr...
Bofors: CBI accused of helping Quattrocchi go free September 05, 2008 AN OLD NEWS BUT CARRIES LOT OF SIGNIFICANCE IN TODAY'S CBI ACTION AGAINST QUATTROCCHI I think you remember, a former senior official of the CBI once said, "Quattrocchi is a close relative of Congress president Ms.Sonia Gandhi" (Ms.Antonia Albina Maino, an Italian) The Central Bureau of Investigation is 'helping' Italian businessman Ottavio Quattrocchi, an accused in the Bofors case, after the UPA government came into power in 2004, an advocate alleged in the Supreme Court on Friday. "It is ex-facie clear that the CBI is helping Quattrocchi ever since the change of guards at the Centre after the general elections in 2004 in the country and at every step CBI is facilitating Quattrocchi so that he may go free from the Bofors investigation," advocate Ajay Agrawal said in an affidavit. The advocate, who had filed an application questioning government's effort in securing the foreig...
Short term calls: 1. Buy Kalindi Rail Nirman at Rs.113 for an intra-day target of R.s120. There is some news coming in the counter. 2. Buy Rolta Ltd at Rs.79.50 for a target of Rs.92 in the short term. The stock is looking Great on the daily charts. The results of the company for Q4FY09, is also good. The total sales came out to be Rs.253.61 Cr as against Rs.236 Cr. Net profit came out to be Rs.160 Cr as against Rs.78.75 Cr. THE EPS FOR THE MARCH, 2008 QUARTER CAME OUT TO BE Rs.9.90 AS AGIAINST Rs.4.90 IN THE SAME PERIOD PREVIOUS YEAR. 3. Buy Gujarat Alkali at Rs.71--Rs.74, T--Rs. 77-Rs.81 , SL-->Rs.69 4. McNally Bharat Engineering Ltd should be accumulated on all declines. Key benchmark indices are seen opening lower mirroring negative global cues. The SGX Nifty futures for April 2009 expiry was down 14.50 points in Singapore. However sustained buying support from foreign funds may cap downside. Stock specific activity will be high in companies that will be announcing their March 2...
RIL ramps up crude oil capacity at KG basin Production from the field estimated to save India an annual foreign exchange outflow of $20 billion. Mukesh Ambani-controlled Reliance Industries (RIL) has raised its crude oil production capacity from the D6 block of the Krishna-Godavari (KG) basin, the largest find in the country, to a maximum level of 40,000 barrels per day (bpd) from the earlier 18,000 bpd, according to a company executive. The company has drilled two more wells and resumed commercial production on Sunday night, after 35 days of a planned shutdown. “With the addition of two wells, the capacity has technically risen to the maximum level. But the production will increase to 40,000 bpd only in a month’s time, depending on how the resource reacts to the capacity enhancement. Earlier, we had two production wells and one injection well at the location. After the capacity ramp-up, we began with 20,000 bpd production on Sunday,” said the executive. The entire crude produce...
Steel cos may get a share of KG gas Subhash Narayan NEW DELHI: The government plans to allot natural gas from Reliance Industries’s Krishna Godavari (KG) basin to steel companies affected by the shortage of the commodity. The empowered group of ministers (eGoM), scheduled to meet next month, will consider allocation of gas to Essar Steel, Ispat Industries and Vikram Ispat, which have either cut output or started using alternative fuels . “The petroleum ministry has asked us to provide details of gas requirement of the steel sector so that this can be put up for fresh allocation of KG gas at the next meeting of the eGoM,” said a steel ministry official, who asked not to be named. Production has started at D6 block of the KG basin, and gas has already been allotted to fertiliser and power companies. India produces about 8.5 million tonnes of steel through natural gas-based sponge iron technology. Due to fuel shortage, the plants are running at 75-80% of their installed capacity, causing...
WINNING STROKES: THINK DIFFERENT: IMP Powers Ltd recommended in the Sunday Report Yesterday (26-04-09) hit the buyer freeze today with good volume. The following is excerpts of the message sent to the Paid Groups yesterday: The chart of IMP Powers Ltd ( BSE Code: 517571) is looking excellent at the CMP of Rs.52.15. The Company is primarily engaged in the business of Electrical products like Power & Distribution Transformers, Meters and its parts. The catch point is that the Board of Director in its meeting held on January 28, 2009 have approved conversion of 1180000 8.75% Compulsory Convertible Preference Shares of Rs.161 each into equity shares of Rs.10 at a premium of Rs.151 per share. One should accumulate the scrip around the support of Rs.42.5—Rs.45, for some good appreciation in the next few months. Jaiprakash Associates Ltd recommended at Rs.124 during the market hours through SMS , touched Rs.133. Where is the stock heading in the next few days?? Reliance Industrial Inf...