WINNING STROKES: THINK DIFFERENT:
Please STOP investing in companies by simply looking at their past quarterly/annual results. More quickly you do away with this BAD habit, the better it will be for your investment philosophy. Please remember a debt free company (zero liability) which is closed, has tremendous value, unlike what an Old Analyst from Bombay is trying to make us understand.
How will the markets behave today?? This portion only to the Paid Groups....
My Mom (mother) is seriously ill (who is suffering from Cancer) and hence the services to the Free and Paid Groups might be affected in the days to come...
Galada Power and Telecom Ltd, which was recommended yesterday to the Paid Group through an SMS and then to the Free Group, hit the upper circuits. The company has 4 acres of land in Uppal, whose current market price is around Rs.24--Rs.28 Cr. However, what is the latest development in the company?? This portion only for the Paid Groups.
Sanguine Media Services Ltd hit another buyer freeze in the opening trade with 11 lakh pending orders at the close of the markets. The company earlier came out with a Rights Issue at Rs.23 per share (Rs.13 premium). The company allotted 70,50,000 Equity shares on Rights basis to the eligible shareholders. However, what is the latest on the company?? How is the company doing in the rural front?? Is there any recent tie-ups?? These portion only for the Paid Groups.
Prajay Engineers Syndicate Ltd is getting some strong bear hammerings, even though it has great fundamentals even at this price tag of Rs.41. The stock has a book value of around Rs.152 and price to book at a dismal, 0.27. The company is also into hospitality business and into BOT projects. The company is running a 3-star hotel and is coming up with a 5-star hotel in the near future. There is a EGM of the company on 15th June, 2009, where new issues will be thrashed out......For more details on the company please visit: http://www.prajayengineers.com/projects_category.php?project=Hospitality+&+Leisure&parent=5&catid=12
Ennore Coke Ltd which is doing absolutely well is again trading at a dismal price of Rs.28.90. The market cap of the company is only Rs.44.56 Cr. The company has started production in its Haldia plant and is producing met-coke simultaneously from a number of its group companies. The company has recently purchased a number of overseas mines, from where the shipments of coal has started to arrive. The company will start to give robust performance from FY10. The company has also a power story and a Carbon Credit story. I am surprised to see the stock price trading at such a dismal price of Rs.28.90. Hence one is getting all these diverse stories at a market cap of only Rs.44.56, can you imagine??!! I am looking at a price of Rs.150, in the next couple of years time frame, the way the company is aggressively moving forward. If the share price of a much smaller Austral Coke Ltd can trade at such a high price then why should the shares of Ennore Coke Ltd be trading at such a dismal price??!!
Sicagen India Ltd which is from the reputed, Sical Logistics Ltd group, is coming for some unnecessary bear hammering or may be some profit booking after a long run. The stock has a book value of Rs.89.54 and Price/Book at Rs.0.09 ( which is simply absurd). Just ask yourself how can a company which can come up with a turnover of around Rs.390 Cr in FY08, can be trading at Rs.7.94?? The stock has a 52-week high of Rs.200. I think this stock will be another classic case of Jamna Auto India Ltd in 2007, when the stock rose from Rs.2 to Rs.42 in one go. Or the case of Phoenix International Ltd in 2006, when the stock rose from Rs.5 to around Rs.32 in one go or the case of Alphageo Ltd in 2003-04, when the stock rose from Rs.5 to dizzy heights in less than a couple of years. I think it is time value investors start accumulating the stocks in bulk and wait for sometime to see how their money swells.
Glory Polyfilms Ltd which is moving at a rapid pace and is expected to do well in future due to the completion of its FIRST PHASE of expansion and should be accumulated by value investors on all declines. There are strong rumours that the company will finish installation of the 3-layer machine within the next couple of weeks. The company earlier completed the installation of 7-layer machine in its premises, which is expected to take the company to the new groove. The 52-week high for the scrip is Rs.208.
Many have forgotten the once famous Elnet Technologies Ltd (BSE Code: 517477) which is into the making of IT parks. The company gave tremendous returns in 2003--06 period especially when Dr.Chandra Babu Nadu government was in place and Hyderabad was fast becoming an IT hub. But with the coming of the Congress Governement Satyam Computer Scandel came up and this has greatly damped the IT spirits in the state of Andhra Pradesh. The land prices which were moving up like a volcano has started to come down under the bad leadership of Dr. Reddy. But when you have some anti-nationalists groups supporting a Government, what can we expect?? These groups will win elections after elections using money power and useing the media as propaganda machinery (Now Akash Bangal Channel in Kolkata is doing the same for the Marxists). The Congress has formed an alliance with MIM (Majlis-e-Ittehadul Muslimeen) whose MPs are known have links with the terrorist organisation like Hezbollah (Middle east)...This Party brought in "Inner Line Passport scheme" for visiting Christian dominated states like Mizoram, Nagaland, etc. only to show scant respect for the rights of Indians....I do not know how many of you know that non-tribals cannot buy land in Meghalaya, Mizoram, Nagaland, etc. These are some of the divisive works of successive Congress Governments at the state and centre. This Congress Party and its Sycophants will do anything to stay in Power in India. The Congress Government in Assam is known to be soft on Bangladeshi intruders for vote banks. In fact successive Congress government in Assam has tried make life of these Bangladeshis easier, by giving them Ration Cards and other documents (to make look like an Indian); in order to create a formidable vote bank. But alas in the last elections, this vote bank has gradually drifted towards AUDF (The undeclared Muslim League of Assam)....This was expected as everyone knows which Religious group in India votes on Communal lines most of the time....
Please book some profits in Satyam Computer Services Ltd an HOV Services Ltd. I have booked profits in both these counters and have exited my position completely in Satyam Computer Services Ltd. I think the Paid members booked profits in yesterday's BTST, STBT and Intra-day calls on TCS Ltd, Praj Industrie Ltd, Yes Bank Ltd, Alkali Metals Ltd and BPCL Ltd. Intra-day calls Tata Steel and Rolta Ltd opened 5% up in the opening trade.
Inflation at lowest in 3 decades; sparks interest rate cut hopes:
Be prepared for a second phase of bull run in the Construction/Real Estate and Automobile stocks in the coming days.
New Delhi: Inflation slipped to 0.13%, the lowest ever in over three decades even as prices of essential food items like pulses, fruit and vegetables, spices and eggs turned dearer.
While the wholesale price index stood at 0.48% in the previous week, the rate of price rise was 9.32% during the corresponding week a year ago.
During the week, the prices of eggs went up by 11%, mutton 3%, and fruit and vegetables and spices 2% each.
At the same time, the prices of ghee were expensive by 4% and khandsari by 2%.
However, textile items, metal products and plastic items and machinery turned cheaper during the week.
Low inflation may prompt rate cuts by banks:
The lowest rate ever in over three decade could hasten the process of rate cuts by the banks.
This is the 13th week in succession when inflation stood below 1% Analysts feel that inflation could slip into negative territory in the days to come.
“We may see inflation in the negative territory which may continue till October with the lowest inflation level at minus 1.5% in July,” said HDFC Bank economist Jyotinder Kaur.
In a bid to spur economic growth, finance minister Dr.Pranab Mukherjee prodded public sector lenders to provide credit at reasonable rates.
In his address to chief executives of the public sector banks yesterday, Mukherjee said “as a financial intermediary the banks have to stand by to provide credit at reasonable rates.”
The Finance Minister had said cut in key rates by RBI is not getting adequately reflected in the reduction of prime lending rates by banks.
Most of the public sector banks, including State Bank of India, Bank of Baroda, Union Bank, Bank of Maharashtra and Canara Bank have hinted at cutting rates in couple of weeks.
At the same time easing inflation has raised expectations of policy rate cut by RBI in the first quarterly review in July.
“We expect RBI to cut rates in July by 25 basis points,” Kaur said.
However, NCAER senior fellow Rajesh Shukla said as the prices of primary articles are still high, it is not having much effect on the common man.
Among manufactured products, prices of texturised yarn eased by 2%, decorative laminates by whopping 11% and electrical generators by 6%.
Inflation for the week ended 4 April was revised upwards to 0.83% from 0.18%, as estimated provisionally.
More Coming!! Keep watching this space for sweet & pungent informations.......
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