SumanSpeaks: The Information Super Highway

FIIs turn bullish on mid, small-cap stocks Mehul Shah / Mumbai June 30, 2010 Since a couple of weeks, I was talking about focusing on Small, Mid and Micro cap counters.... and look today a leading pink daily has come up with the following report.. . Foreign institutional investors (FIIs) have been aggressively buying medium and small-cap stocks for the past three weeks, on the back of higher inflows into actively-managed funds and comparatively cheaper valuations than their large-cap peers. After pulling out close to $2 billion (Rs 9,000 crore) in May, FIIs turned buyers of Indian shares this month. Till yesterday, they had net-purchased shares worth $2.31 billion (Rs 10,685 crore), showed the Securities and Exchange Board of India (Sebi) website.Leading FIIs bought shares of mid-cap and small-cap companies like Core Projects, Nirlon, Aban Offshore, Bajaj Finserve, Balaji Distilleries, TTK Prestige and Everonn Education in the past three weeks. The renewed attra...

WINNING STROKES: THINK DIFFERENT: My recommended Relaxo Footwear Ltd recommended last year around Rs.39-47, touched Rs.381.45 yesterday, giving almost 8-9 times return in one year. The stock yesterday closed in the positive even as the markets tanked by more than 200 points.  In another development, Ambalal Sarabhai Enterprise Ltd, is appointing an advocate as the director to quell the workers' strike in the main plant (at Baroda), in the shortest possible time. The scrip closed in the positive with good volumes. Energy Development Ltd also closed in the positive yesterday, with good volumes. There were some very good developments in the company in the last few months, with the company announcing a series of orders.  ANALYSIS: Even as the government went in for oil decontrol, the Indian Stock market closed in negative territory, yesterday.  What is heartening is to see that GOI has not touched Kerosene as it is thought as the much essential commodity for t...

Energy Development Company Ltd to Shine in the Indian Bourses: According to met-department the monsoon was above normal in the rice, corn and cane growing areas of south India, it was sluggish in the rest of the country, including the soybean-growing areas of central India. A healthy rainfall despite the slow progress could help PM Manmohan Singh tame high double-digit food inflation, which hit an annual 16.9 per cent in the week ended June 12. It is to be understood that: June-September rainfall, which irrigates 60 per cent of the country’s farms and drives rural incomes, is vital for the trillion-dollar economy. The annual monsoon rain should revive in two days after a 10-day lull. The weather office last week said rain was expected to be better than previously forecast, raising hopes of a good harvest and of reining in double-digit food inflation. In this context: Buy Energy Development Company Ltd (BSE Code: 532219) above Rs.44 for a target of Rs.77-79, in the ne...

WINNING STROKES: THINK DIFFERENT: The Nifty is heading towards 5800-7000 mark in the next few months time frame. I think from today, the rally in the Small, Mid and Micro-caps have started. THE MARKETS ARE ONCE AGAIN LOOKING VERY VERY SEXY FOR THE BULLS....!! Reliance Communications Ltd recommended a couple of weeks back touched Rs.204.75 today giving more than 20% profits in this time. The stock has formed a beautiful pattern in the daily charts, looks it is heading for the next target of Rs.230-240. Northgate Technologies Ltd clocked good volume today as it  touched Rs.18.25. If the things go as expected then we could see operating profit in Q1FY11. The company is carrying out massive restructuring. Bank of India recommended to the Paid Groups at Rs.335 for a target of Rs.380, touched Rs.348.65 today. Please keep a SL of Rs.319 for any short term trade. Jai Prakash Associates Ltd which was recommended to the Paid Groups around Rs...

Fortis Healthcare eyes 30 pc jump in medical tourist arrivals:   It is to be remembered that Fortis Healthcare was recommended by  me a couple of weeks back... Meanwhile Northgate Technologies Limited is going ahead with its plans to raise Rs.25 crore putting the company’s recent performance back in focus--however the equity/borrowing proportion had not been decided as yet. The money being raised would be used internally. The sale process of two popular sites owned by Northgate – http://www.bharatstudent.com/ and http://www.ziddu.com/ –is on, and the company hopes to get much higher valuation now considering that www.facebook is now getting a whooping valuation of $15 Billion valuation (1 billion= Rs.100 Cr and hence you can imagine the valuation of Face Book--a social networking site like http://www.bharatstudent.com/ but much bigger than the latter). The company earlier sold off its assets in Hong Kong and China (in the last couple...

 Updates on Ambalal Sarabhai Enterprise Ltd: Already published in Yahoo Group SumanSpeaks:  This is my original Research Work and not stolen from somewhere, like what that scoundrel Uttam Saraf does--his "Chor Group Members" gets those morsels at a fraction of the original cost...in a totally unethical game..!! I have spoken with the sources close to me in Ambalal Sarabhai Enterprise Ltd. Earlier I had the impression that the workers' strike is in the whole company but  I learnt that the workers strike is ONLY in the main Baroda plant and the other plants are running as per schedule.  Moreover, the settlement with the workers are also on the cards and the strike could be withdrawn at any time. I am told by the sources that the strike could end up within the next 30 days (maximum). According to Amit (From Maharastra and a regular contributor to Yahoo Group--SumanSpeaks) the land bank valuation of the Baroda factory is too much high and that can alone take...

WINNING STROKES: THINK DIFFERENT: Northgate Technologies Ltd moved to Rs.18.65 yesterday, before cooling down a bit. The company could re-value its flagship portal www.bharatstudent.com in view of the www.facebook.com getting a valuation of $15 billion plus--such is the craze for social networking web-sites.  I am being told by one of my brothers, that my recommended Bank of India is now being recommended by a reputed brokerage house.  BOI was recommended to the Paid Groups  at Rs.335 for a target of Rs.380, SL--Rs.324. I hope those were holding my recommended Chandra Prabhu International and Phoenix International Ltd have booked out complete profits and exited the counters. They can again enter at lower price or when both the scrip stabilises.  Those who are holding my recommended BAG Films Ltd from Rs.14-15 can continue to hold the same with a short term target of Rs.17-18, where you can book profits. the company came out with comparatively better number...

THE THIEF OF DALAL STREET IS NOW RECOMMENDING MY COUNTER: That Great "Thief of Dalal Street ", Uttam Saraf, who earns his bread by stealing the works of others . His so called Paid  Group (should be renamed "Chor Group"--what do u say guys???) members, buy the stolen articles like what happens in "Chor Bazar" of Bombay at a fraction of the original cost; is now already exposed.  One of the members of his "Chor Group" even claims to work for the reputed Reserve Bank of India (RBI)--Wow!! His  "Chor Group Members" are encouraging "Broad day light robbery"--Ya do it for the sake of India....India is proud to have you all as a members of Uttam Saraf's "Chor Group".... He is now recommending another of my earlier recommended counters, Geodesic Ltd which I recommended on 10th November, 2009 to the Paid Groups. The report still there in this link: http://sumanspeaksplus.blogspot.com/search?q=geodesic Aft...

APPRECIATION MAILS HAVE STARTED TO POUR IN:  Now I will use his own medicines to clear his off from my path--I do not like irritants:  He called me a "Retired fellow"...Huh!! I have not even crossed 45 years of age.... Uttam Saraf has gone mad after my pungent response with statistics and figures, busting his lies and hypocrisy. This "Thief of Dalal Street" is now a naked soul having recommended Pyramid Saimira Ltd at Rs.160 and then again at Rs.54--55. He has maligned the whole Bengali Community and I will ask the Bengalis of Assam, West Bengal and all over the world to Boycott this rascal...I will inform my sources in Tinsukia  (Assam. I have lot of friends there, who only needs to be informed about this robber.....) about sending derogatory words about the Bengalis, through his mails, in the guise of some other fellow.... Look at the quality of his last mail sent, seems he has got mad....Huh!! Now tyres will get more and punctured..... Here is one o...

Performance of My recommended counters: And new thief of Dalal Street , Uttam Saraf: I think enough has been said about me by some vested interest groups, among them is noted Uttam Saraf from Assam . This fellow after being kicked out of my Yahoo  Group which he used to the hilt for furthering his Paid services is now after me, because of his failed attempt to nail me. He and some of his ignorant clients tries to project me as if I only recommended 3 stocks in my life, Kohinoor Broadcasting Corporation Ltd, Northgate Technologies Ltd and XL Telecom and Energy Ltd., forgetting a hell lot of them---some of which are here in www.sumanspeaksplus.blogspot.com . But then most of these compaies are doing well and it is due to bad market conditions that their stock prices are not doing well. Yes, I recommended all these stocks out of my personal research and not through stealing someone’s hard work. Or by sendin...

WINNING STROKES: THINK DIFFERENT: Videocon Industries Ltd recommended in this, Sunday Report rose to Rs.207.60. Many do not know that the company is into Oil and Gas Sector. A sell call was given in HDIL this week in the Sunday report and in Face Book to the Free Clients  (though a buy call was given by the reputed business daily, The Hindu Business Line) and the stock was not able to cross Rs.270, since then.  In this case a marketman who advertises his achievement all the time  in multi-Yahoo Group, probably forgets to mention this everything he sents inputs to others. He was at that time giving buy call probably stealing the news of Busines Line. But fortunately or unfortunately the stock did not move till then. He earlier gave  a buy call on the same crip, "Saying we will buy when others will sell". Huh!! What a principle....?? The stock did not move till then....I do not know who throngs near him but I do feel that some of the people/investors probably fl...

INDIAN ELEPHANT AND CHINESE DRAGON: Indian gurus commanded high respect in China when the country was learning Buddhism more than 1,500 years ago..... In fast growing economies like India, the growth opportunities are not restricted to large caps alone but are available to every company in India. Hence as an investment strategy one must invest in mid cap companies and wait to see it become large caps. However, at the present moment, the US $13 trillion debt is a matter of great concern....The US is also projected to have a US$1.56 tn budget deficit in 2011....Europe is still licking its wounds. In such a scenario India and China reigns supreme. An analyst of a foreign brokerage firm who calls India an elephant and China is a Dragon, has this to say, "The dragon is all fire. But let us remember it is still a mythical creature and not REAL BUT THE INDIAN ELEPHANT IS REAL AND KICKING. BUT I FEEL IT DOES NOT KNOW ITS OWN STRENGTH. THE DAY IT DOES............IT M...