SumanSpeaks: The Information Super Highway

Kotak Predicts Revival in a year: Samsung Electronics Co. said third-quarter net profit tripled to a record amid increased sales of flat screen TVs and mobile phones and higher prices for computer memory chips. The Crude are now moving towards $82 per barrel mark once again. Oil prices hovered above $80 a barrel Friday in Asia after the U.S. economy snapped four straight quarters of contraction, suggesting demand for crude will improve. With the US economy coming out of recession, there should be no looking back for the bulls--a strong rally in the global and domestic markets is in the offing. I had earlier mentioned of an winter rally rally starting from 1st or 2nd Week of November, 2009. Yesterday, the US Commerce Department, said the U.S. economy grew at a 3.5 percent annual pace in the third quarter, the best showing in two years and breaking four straight quarters of declines. This should be the music to all those who have bought shares in the last few days...Just Enjoy!! To...

Winning Strokes: Think Different: Sensex pares losses; Bharti, RIL, Tata Motors up. Correction which started merely on some apprehensions after the RBI's credit policy, seems to be over as of now, as the market is preparing for a winter rally to begin soon or at most from 1st-2nd week of November, 2009. There is good news in the Real Estate and Bankng sector as well: RBI's provisioning hike may not up loan rates for realty companies much. Based on this premise, in the morning investors were asked to buy Dena Bank Ltd. Later Buy calls were given in case of Rolta Ltd, Northgate Technologies Ltd, Sanguine Media Services Ltd, etc. The bears will starts to vanish as soon as the Nifty starts trading above 4920--4930 ranges. The crude oil is all set to cross $92 barrels within a very short time as the dollar cannot remain strong with this condition of the US economy. It is to be noted that commodity prices have inverse co-relation with dollar index. Also the fact that SAT has nailed t...

China, US will Grow Solar Power Competition: The United States and China are in a head-to-head race to become the world's top market for solar power. Solar panel makers are wasting no time making plans to cash in on the growth promise of both markets despite the global recession. At the recent Reuters Global Climate and Alternative Energy Summit, Chinese and US solar companies including Suntech Power Holdings Co Ltd, SunPower Corp, Trina Solar Ltd and BrightSource Energy Inc laid out plans to capture their share of what is expected to be explosive demand for solar-generated electricity in the world's biggest and third-largest economies. The US and China lag far behind Europe in demand for solar power, but are expected to vault ahead in the next few years as both countries work to curb their emissions of greenhouse gases that contribute to global warming. This year, Washington and Beijing have both rolled out programs designed to grow their fledgling solar power industries a...

Breaking News in Case of Northgate Technologies Ltd: The worst is over for the company in Q1FY10, and the stock should move up from here Vertically. The company is coming up with results probably on 30th (or may be 31st) October, 2009. The morning call Pyramid Saimira Theatres (PSTL) hits the Upper Circuits: Phoenix International Ltd hits another buyer freeze. Those who have bought this stock hearding my suggestions earlier, must be laughing their way into banks: Accumulate Energy Developments Ltd before the declaration of the results: Please note that one of the companies in the race to buy of www.bharatstudent.com, have completed the due diligence process of putting the bids. This portal (www.bharatstudent.com) belonged to Northgate Technologies Ltd. It is to be noted that www.bharatstudent.com is the 3rd largest social networking web-site, after www.orkut.com and www.facebook.com. The other two companies who are also in the fray (to buy www.bharatstudent.com), is expected to complet...

SEBI okays longer trading hours Markets can now be open 9 to 5, says regulator. You could soon be able to trade for an additional two-and-a-half hours on stock exchanges with the Securities and Exchange Board of India (Sebi) on Friday allowing trading between 9 a m and 5 p m to align timings to international standards. At present, trading hours are between 9.55 a m and 3.30 p m. Sebi, however, raised the caveat that the exchanges would have to ensure that risk management systems and infrastructure commensurate to longer trading hours were in place before investors transact for eight hours a day. TRADING PLACES Local trading hours (a m to p m) Cash Futures & Options New York 9:30 to 4:00 6.00 to 5.00* Singapore 9:00 to 5:00 9:00 to 5:00 Tokyo 9:00 to 2:00 9:00 to 7:00 London 8:00 to 4:20 8:00 to 9:00 India (now) 9:55 to 3:30 9:55 to 3:30 India (soon) 9:00 to 5:00 9:00 to 5:00 Source: Bloomberg * 23 hrs T...

Stocks rise as financial, consumer stocks gainStocks rebound as upbeat earnings reports push investors into financial, consumer stocks Phoenix International Ltd and Southern Online Bio Technologies Ltd hit another consecutive buyer freeze. BUY ON DECLINES SHOULD BE THE STRATEGY APPLIED, as November--December effect is round the corner. This is the time when the small and mid-cap counters give maximum return--hence please focus on this space. Some of the stocks which could be potential multibaggers are: S anguine Media Services Ltd, Accentia Technologies Ltd, Energy Development Company Ltd, Refex Refrigerants Ltd, Country Club Ltd, SEL Manufacturing Company Ltd, Pyramid Saimira Theatres Ltd, Glory Polyfilms Ltd, etc. NEW YORK -- Investors encouraged by a good batch of earnings reports and forecasts jumped back into stocks after a two-day slide. Stocks posted big gains Thursday after Wal-Mart Stores Inc. said it expects sales to grow this year and increase at a faster pace next yea...

IREDA pays Rs 11.25 cr dividend New Delhi, Oct 22 : Indian Renewable Energy Development Agency Limited (IREDA), a Public Sector Enterprise under the Ministry of New and Renewable Energy(MNRE), today presented a dividend of Rs 11.25 crore for the financial year 2008-09 to the government. The dividend cheque was presented to the Minister for New and Renewable Energy Dr Farooq Abdullah by CMD, IREDA, Debashish Majumdar at a function held here. Congratulating the PSU on its achievement, Dr Abdullah said he was happy to note that it had registered the dividend in double digits for the first time. During the year 2008-09, IREDA's performance has been rated as 'Excellent' in terms of MoU signed with the Government of India.IRED'A sanctioned 47 projects involving loan commitment of Rs 1489.93 crore registering an impressive growth of 80.35 per cent. IREDA disbursed a sum of Rs 770.95 crore during the year registering a growth of 39.25 per cent. Cumulatively, it has sanctioned 1...

WINNING STROKES: THINK DIFFERENT: U.S. front-month crude briefly hit $82 a barrel on the New York Mercantile Exchange. This time also I predicted the upward movement of Crude Oil price correctly. If you remember, a day after I spoke of breaking $75 per barrel mark, the crude started to move up and it broke that magic barrier. Now the next target for the Crude Oil seems to be $92 per barrel. Southern Online Biotech Ltd, the last week's Quickie call, hit the 7th consecutive buyer freeze. I have already mentioned why the scrip should be purchased. Accentia Technologies Ltd (BSE Code: 531897) recommended today again hit the buyer freeze before cooling down a bit. The stock could be heading towards the Rs.200 mark within a very short time. There is a report on the company at www.sumanspeaksplus.blogspot.com . Sanguine Media Services Ltd went in for a minor correction as the stock fell by 5%. The scrip is expected to cross Rs.7-8, by January, 2010. The company is doing excellently well a...