Monday, October 12, 2009

Winning Strokes Ltd: Think different:
Accentia Technologies Ltd, the last weeks's Sunday Report recommended scrip hit the 2nd consecutive buyer freeze.
The Quickie call for this week Southern Online Bio Technology Ltd hit the buyer freeze in the opening trade. Recently there are very good developments in the Bio Diesel sector with the government fixing a price for the bio-diesel. Moreover, Crude Oil prices rose above $72 a barrel today in Asia as investors looked to a slew of US corporate earnings reports this week for signs of economic recovery.
A more optimistic crude demand forecast by the International Energy Agency on Friday helped boost trader confidence. The Paris-based IEA, which advises oil-consuming countries, said demand will likely reach 86.1 million barrels a day in 2010, up 1.7 per cent from this year. Kuwaiti oil minister Sheik Ahmed Al Abdullah Al Sabah told the state news agency yesterday that an oil price range between $60 to $80 a barrel is acceptable -- echoing earlier remarks by Saudi Arabia.
This will further strengthen the prices of renewable energy companies like Praj Industries Ltd, XL Telecom and Energy Ltd, Southern Online Bio Technologies Ltd, etc.
Also, The European Union (EU) Parliament has adopted a Renewable Energy Directive. This directive mandates 10 per cent biofuel content in transport fuel by the year 2020. This entails an additional 12 to 14 billion litres capacity of bio-ethanol generation per year, globally. This means the consumption will grow by almost five times over the next 10 years and this will create excellent growth opportunities.
SMS was sent to the Paid Members regarding Kohinoor Broadcasting Corporation Ltd, the stock hit the buyer freeze.
XL Telecom and Energy Ltd is exploring various European markets for big orders, apart from its business in Spain. The company's mega project is expected to be completed with the next December, 2009.
Refex Refrigerants Ltd is updating its web-site and hence some positive surprise should come from it. The company has diversified into renewable energy sector.
Please start accumulating Sanguine Media Services Ltd (BSE Code: 531898, CMP: Rs.3.30) as some good news is expected from the company within a very short time. The stock is expected to cross Rs.7-8, after the Q2 results which in all probability are expected to be good, at least speaking sequentially. I think I have already mentioned that apart from its media business it is also into event management business, from which it has started to get substantial revenues. The company at present is doing a couple of Television Serials and.......(Will tell you later).
What was the scrip recommended in this week's Sunday Report?? Any guesses?? One hint, the CMP of the scrip is less than Rs.10 and it is from the textile sector (a reputed company).

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