SumanSpeaks: The Information Super Highway

NRI remittances seen rising in short-term The $60 billion-odd Dubai debt crisis could spark an increase in remittances from Dubai, in the short term, as uncertainty and nervousness spook the NRIs confidence in local banks in Dubai. However, a section of analysts says that remittances could see a slowdown in the medium term, due to job losses arising out of the impending debt restructuring of the beleaguered institutions. The financial crisis in the short term might lead to a flight to safety of investments from Dubai, said Mr Amit Rathi, MD, of Anand Rathi broking firm. Indian banks may witness a marginal increase in inflows as the non-resident Indians in Dubai look to shift their surplus money into safer markets, he added. The inward remittance into India last year was approximately $50 billion, according to RBI figures. Out of this Dubai's share is around 24 per cent, said bankers. Mr C J George, MD, Geojit Financial Services, said that in...

WINNING STROKES: THINK DIFFERENT: Nothgate Technologies Ltd hit the 3rd consecutive buyer freeze. Yesterday the stock moved up with huge volume and ulitmately  hit the buyer freeze. If sources are to be believed, then this time the stock could cross Rs.100 (Yes you have heard it right---rupees one hundred). This stock was repeatedy recommended in this blog, as a super duper multi-bagger. More such multi-baggers are coming for the Paid Groups in future. The Paid Members and those free members who were on my Yahoo Messenger were asked to accumulate the scrip yesterday. During the market hours when the Sensex was down around 350 points, the message was sent through Yahoo Messenger to cover their shorts. The next was history, the markets recovered to close at some respective levels. The fact that the Nifty is above 4900 is much solace for many of the bulls. The investors were also asked to accmulate HDIL at Rs.300 and Orbit Corporation Ltd yesterday, during the mark...

WINNING STROKES: THINK DIFFERENT: Northgate Technologies Ltd hit another buyer freeze with good volume. I have been continuously recommending the scrip in this  blog. Even today, Sanguine Media Services Ltd even today did not break Rs.3, which is a very good sign and indicates the strength of the share. The shares of the company should be accumulated for some sure shot gains in the next 6 to 9 months time frame as Q3FY10 and Q4FY10, results are expected to be excellent. Phoenix International Ltd hit another buyer freeze today as the company focussed into new business. The company is into leather business. Energy Developments Company Ltd moved up by 4.81% even as the markets tanked by more than 344 points. Today a note was sent in the Face Book: The Karnataka Electricity Regulatory Commission (KERC) on Wednesday increased the power tariff by an average of 34.16 p a unit, which roughly works out to a hike of 7.5 per cent as against the 51 p increase sought by the electr...

Reopening of fuel pumps fuels rally in RIL Reliance Industries rose 2.16% to Rs 2223.15 at 11:20 IST on reports the company has reopened 900 fuel stations which were shut down when state firms were selling heavily subsidised fuel. On BSE, 4.05 lakh shares were traded in the counter as against an average daily volume of 10.78 lakh shares in the past one quarter. The stock hit a high of Rs 2225.90 and a low of Rs 2175 so far during the day. The stock had hit a 52-week high of Rs 2490 on 19 May 2009 and a 52-week low of Rs 1033 on 2 December 2008. The stock had outperformed the market over the past one month till 24 November 2009, rising 6.29% as compared to the Sensex's 1.91% fall. It outperformed the market in past one quarter, gaining 10.22% as against 9.61% rise in the Sensex. India's largest private sector company by market capitalisation has an equity capital of Rs 1643.12 crore. Face value per share is Rs 10. The current price of Rs 2223.15 discounts the company's Q2 Se...

WINNING STROKES: THINK DIFFERENT : Northgate Technologies Ltd hit the buyer freeze in the opening trade with good volumes. The stock has been constantly recommended in this blog due to some important developments in the company. Sanguine Media Services Ltd generated good volume today as the stock closed flat. The company is expected to come up with very good results in Q3FY10 (December, 2009 quarter). SAAG RR Infrastructure Ltd mentioned in the latest Sunday Report sent to the Paid Groups as a strong buy, even as one of the noted operators from Bombay had given a sell call in one of the Bombay based publications, hit the 2nd consecutive buyer freeze. It needs guts to recommend a scrip when others are giving sell calls..... Atlanta Ltd recommended to the Paid Groups around Rs.77--80, today closed at Rs.150.55. When I recommended the scrip a couple of months back many were apprehensive of my recommendations. Phoenix International Ltd hit the 2nd consecutive buyer freeze. The co...

WINNING STROKES: THINK DIFFERENT: Expo Gas Containers Ltd starts trading again after being out of the markets for a brief period due to face value adjustments. The stock hit the buyer freeze on the opening trade. The Company came out with very good results for the Q2FY10. The stock at the CMP of Rs.13.5, is trading at a considerable discount to its peer, Artson Engineering Ltd. NEPC India Ltd which is engaged in a bitter tussle to get its due of Rs.800 Cr from Anil Ambani's ADAG Group today touched Rs.9.69, today. As mentioned earlier the company has started operation in its 3-star hotel in Chennai (Madras) which is situated just opposite of Tamil Nadu State Assembly. The company expects to get lot of revenues from the counter as the 3-star hotel is situated in the heart of the city of Chennai (Madras). Alchemist Realty Ltd is expected do well in the days to come in view of better than expected results in Q2FY10. I have placed a report on the company at SumanSpeaksPlus: www.sumansp...

Three Potential Buyers For Bharatstudent By Preethi J Student social networking site Bharatstudent.com, which its owner Northgate Technologies put on the block along with document sharing portal Ziddu.com in June, has three potential buyers, the company informs in its quarterly earnings report. A non-disclosure agreement has been signed with the buyers, so further details are not mentioned: whether these are domestic or international firms, and whether a time frame has been set for the sale. In June, there were rumours of the company being in talks with Reliance ADAG Group and Deccan Chronicle Holdings (DCHL) were interested, though we were categorically told that Reliance ADAG is not. Northgate now operates only in the online advertising domain through its ad network Axill. It also owns VoIP company Globe7. The due diligence process is expected to get completed in the next few weeks.

WINNING STROKES: THINK DIFFERENT: Sunday Report Alchemist Realty Ltd (BSE Code: 532114)hit the buyer freeze in the opening trade. The company came out with good set of numbers for the Q2FY10. Besides this it has a huge land bank. A report on the company would be placed at www.sumanspeaksplus.blogspot.com . NEPC India Ltd is doing well in the morning trade due to latest positive development in the counter. The following are the excerpts from the Sunday Report sent to the Paid Groups. The sources close to me have said that NEPC India will start operation in its SEZ by March, 2010. Hence it is now confirmed that the company has started developing the land for the said project. The company will export 75% of its produce and the rest from the SEZ will be sold to the domestic market. This also is expected to attract investment of Rs.4000 Cr from NRIs, Institutional and HNI investors. However, the breaking news is that the company (NEPC India Ltd) has started operation its 3-star hotel projec...

US Markets and its economic-dilemma: From Suman Mukherjee's desk Wall Street today watched a blood bath in action, as stronger dollar, weak economic data spooked the investors (in New York Stock Exchange/ Nasdaq). A strong dollar makes U.S. goods and services more expensive, and theoretically harder to sell, overseas. And U.S. companies that do business abroad make less money when their earnings are translated from other countries' currencies into dollars. Moreover, a strong dollar makes commodities more expensive to foreign buyers, and companies that produce the commodities make less money from them. However a strong dollar could see a rally in the Indian Technology counters tomorrow. It could also fuel a rally in the OMCs (Oil marketing companies), Infrastructure/Real estate and pure Petrochem Companies. Now the US consumers need to be greedier or go in for more consumerism, helping their economy and the stock markets world-wide. Or else "Obama-nomics" based on som...

How Geodesic’s Spokn Deals With India’s Tough Internet Telephony Norms Better late then never, Geodesic, which had recently said that it was working on improving the user interface of its VoIP service Spokn, has finally launched its VoIP offering. On the timing of the launch, with the government shuffling its feet on permitting unrestricted VoIP calls, Ashhar Farhan, Head Technology, Spokn, explained, “First, Internet is here to stay. It makes immense economic sense to lay down just one pipe and stream all services through that one pipe. Sooner than later, Radio, TV, Voice and Text will all migrate to the IP cloud.” Spokn allows users to make voice calls between PC to PC, Phone to Phone, and PC to Phone. It competes with the likes of Skype, Net2Phone, Vonage, Impetus, Novanet and Yahoo Voice. The company is based out of Singapore and has inked interconnect agreements with International Long Distance providers across the globe - and Spokn calls are routed through their networks. These ...

WINNING STROKES: THINK DIFFERENT: [Updated at 9.59 p.m.] XL Telecom and Energy Ltd hit another buyer freeze (9 th consecutive after it was recommended to the Paid Groups) in the opening trade, as it seems there is no stopping for the company. Those who have invested with me during the market hours are definitely laughing their way into banks. Those who have invested in Northgate Technologies Ltd earlier at a higher price can start averaging at the CMP of Rs.28. The company has come up with better than expected results for Q2FY10. To see the results of the company please visit: http://www.nepcindia.com/ (not http://www.nepcindia.com/ ). My earlier recommended Bag Films Ltd touched Rs.19.35 today. The company could get benefitted from the recent announcement from the government. Pyramid Saimira Theatres Ltd ( PSTL ) hit another buyer freeze. Those who have invested with me must be feeling happy. Some fools were selling the stock in bulk, even though I was saying from the day one to...

WINNING STROKES: THINK DIFFERENT: U B Engineering Ltd recommended last month, which became debt free last quarter is on the verge of hitting another buyer freeze. U B Engineering Ltd is from the U B Group, represented by the Liquor Baron, Dr.Vijay Mallya. Pyramid Saimira Theatres Ltd, hit another buyer freeze on the opening trade. Those who bought the share with me during the market hours yesterday, must be laughing their into banks. There could be so me good news coming from the Energy Development Company Ltd. The company's share price is grossly undervaled considering the potential of the company.Hence accumulate the scrip on all declines. Sanguine Media Services Ltd should be accumulated at the CMP of Rs.3.5 for a target of Rs.12--15, by the end of April, 2010. The company is expected to strike a deal with the FMCG major, Godrej Ltd. It is also expected to get repeat orders from ICICI Bank Ltd for its event management division. Investors should accumulate Prajay Engineers Syndi...

WINNING STROKES: THINK DIFFERENT: Country Club India Ltd witnessed huge delivery based buying at the stock rose more than 2% today. There are some videos (on the company) on the left hand panel of this blog. The stock is trading a considerable discount to its book value--hence this is going to be multi-bagger going forward. XL Telecom and Energy Ltd hit the 7th consecutive buyer freeze, after it was recommended around Rs.28.5, as the stock touched Rs.37.5. The company is expected to get another large from the overseas. Its mega project on Photo Voltaic cells is being given final touches and soon it will start commercial productions. Sunday Report recommended scrip Decolight Ceramics Ltd (BSE Cod: 532858) touched Rs.10.21 today before cooling down a bit-soon a Research Report on the company would be placed at: www.sumanspeaksplus.blogspot.com . Pyramid Saimira Theatres Ltd (PSTL) was asked to accumulate during the market hours to both Paid and Free Groups due to some positive developmen...

WINNING STROKES: THINK DIFFERENT: Kohinoor Broadcasting Corporation Ltd, asked to buy yesterday, hit the buyer freeze today. The company would benefit from the recent developments in the media industry. Ennore Coke Ltd, came out of the freeze as profit booking was advised in the counter. The company came out with superb set of numbers for the Q2FY10. ITL Industries Ltd (BSE Code: 522183) recommended this week around Rs.29-Rs.30 (Report at: www.sumanspeaksplus.blogspot.com ) touched Rs.37.5 today, giving handsome returns to the members of the Paid Groups, who invested on the same. XL Telecom and Energy Ltd hit another buyer freeze. The stock was asked to be accumulated around Rs.28--29, ranges. The company recently got a huge order. But there is another development in the company, what is that? Sanguine Media Services Ltd clocked good volume as it closed flat with 100% delivery based buying taking place. What does it indicate? Country Club India Ltd which came out with satisfactory s...