WINNING STROKES: THINK DIFFERENT:

Info-Drive Software Ltd came out with superb results for the Q4FY10. The total income of the company for Q4FY10, came out to be Rs.5.69 Cr against Rs.1.27 Cr in the same period previous year. The net profit of the company for Q4FY10, came out to be Rs.2.87 Cr against Rs.57 lakhs in the same period previous year. The EPS of the company for Q4FY10 came out to be Re.0.98 against meager Re.0.19 in the same period previous year. A report on the company has been placed at www.sumanspeaksplus.blogspot.com. A strong buy recommendation is given on the scrip, in view of its rapidly improving fundamentals. 

Kohinoor Broadcasting Corporation Ltd hit the buyer freeze before heavy selling in the broader market, pulled it down bit; though closing in the green.

My recommended JVL Agro Industries Ltd recommended around Rs.115--120, a couple of months back, made new high today. The stock touched Rs.253.55 today.

My recent recommendation, Manjushree Technopack Ltd refused to go below Rs.42, even when there was large scale selling in the broader market. 

Meanwhile, India's headline inflation as measured by the wholesale price index (WPI) declined marginally in the month of April to 9.59%, compared with a revised 10.05% for the previous month, showing indications that prices were finally set to correct after months of consistent rise. The decline also ensures that the Reserve Bank of India (RBI) may not act between the cycles before its scheduled review July. 

Markets were already anticipating a decline in the number based on government statements and also from waning of low base effect from the last year. The government agencies as well as independent economists have been contending that the low base effect was a major contributor to inflation over the last few months and the same is beginning to wane from April onwards.

As per the data released by the government the WPI for 'All commodities' for the month of March rose by 1.2% to 253.7 from 250.8, the previous month, indicating the decline in inflation as not much due to decline in prices, but primarily due to correcting of base effect. This is also reflected in the fact that the build-up of inflation in the current financial year, which reflects the impact of April inflation only, is 1.45% compared with 1.16% a year ago.

The Reserve Bank of India (RBI) said on Thursday that the Euro zone debt crisis arising out Greece's sovereign debt troubles would not change its roadmap to exit from the accommodative stance, as the central bank has already factored in the impact of global uncertainties in its policies.

'We do not believe that there is any reason to change our approach. Because it (the euro debt crisis) is not showing signs of spilling over to a larger real economy problem,' Deputy Governor of the RBI Subir Gokarn said. 

He added that Greek crisis will have a little impact on India as long as it does not spill to other European nations. If you remember I said the same thing some days back.

Gokarn explained that the current plan of the central bank on gradual tightening of its monetary stance has taken into account the fact that the global economy was still not completely stable and shocks here and there could be met with. Speaking on the sidelines of a seminar organised by the Indian Banking Association (IBA), he said that the RBI will ensure that its exit process from ultra loose policy stance does not hit the nascent economic recovery.

In a major push to infrastructure development in the country, the Indian government will set up a Rs 50,000 crore India Infrastructure Fund (IIF). The move is aimed at mobilising $1 trillion (Rs 45,00,000 crore) for infrastructure projects over the next five years.

Indian pension and insurance fund will contribute Rs 20,000 crore towards the infra fund while foreign pension and insurance companies will put in Rs 10,000 crore. The government hopes to mobilise another Rs 10,000 crore from international funds while both the World Bank and India Infrastructure Finance Company (IIFC) will chip in with Rs 5,000 crore each

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