XL Energy (XL Telecom and Energy Ltd) Rejigs operations to focus on solar energy segment, to exit telecom: http://www.thehindubusinessline.com/2010/06/29/stories/2010062953030200.htm This is for those who spreads nonsense about this wonderful turnaround company......!! XL Telecom Energy Ltd has restructured its business operations to focus on the solar energy segment and has decided to change its name to XL Energy Ltd. The board of directors approved this move and has convened an extraordinary general meeting on July 23, to seek approval for the name change and to hike the authorised capital from Rs 30 crore to Rs 150 crore. Meanwhile, the company, which has negotiated with several banks including SBI and Canara Bank for corporate debt restructure, has raised Rs 49 crore by issuing cumulative redeemable preference shares of Rs 10 each, to banks. The Managing Director of XL Telecom & Energy Ltd, Mr K. Vasudeva Rao, told Business Line that the company has had a few tough...
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THIS IS WHAT www.hbj.capital.com says about Energy Development Company Ltd: http://www.sumanspeaks.blogspot.com/Let's(sic) check their recommendation? (and you know is the re-sellers of their service--the guy from Assam) URL: http://www.hbjcapital.com/2008/07/httpsumanspeaksblogspotcom-lets-check.html This is a 400 Cr (sic) market cap company promoted by Amar Singh (Yes, you got it right, he is the same Amar Singh of Mulayam Singh Party SP, backing the government), Even "Amitab Bachchan" is one of the director (sic) of the company. Just because it is backed by a politician one should not buy the company. I see this as a venture to make all your (whose?) black money from promoters earned by various unknown sources to white. Neither Amar Singh nor Bachchan knows (sic) anything about Energy/Power, and people are betting big on their ventures. Strongly avoid this company . My take: 1. At the CMP of Rs.40.50 it is only a Rs.111.38 Cr market ca...
A LETTER FROM A WELL-WISHER: THANKS A LOT TO ALL OF YOU: Dear Mr. Suman, My name is Pankaj and I regularly follow your blog. Based on your recommendation I along with my friends bought Vision C mailto:Corporation@7.50 . But since then it is coming down and at present it almost ready to break the level 4. My friends also follow Moneycontrol and they have shown me few posts in which people are making mockery of your posts about vision. It has actually hurt me when these duffers make mockery of a good analyst like you. I want to become member of you Paid Service along with my friends but now I feel that they also starting loosing faith on you because of continuous slide of Vision Corporation Ltd. I request to to guide me and my friends on vision corporation (what to do now and time frame & company plans etc?) and tell...
WINNING STROKES: THINK DIFFERENT: Northgate Technologies Ltd moves up at top from opening trade. Those who have shorted today, could be in trouble at the end of the day. It is very dangerous to short a scrip when the company has started to perform. I have already mentioned that many market men are now giving short term targets of Rs.32-37--it is obvious, because when the company was in bad shape at that time also the scirp was ruling above Rs.50. Now all those who were predicting Rs.8-10 for Northgate Technologies Ltd, should now give their backs (bottoms), for kick-boxing practice.... Those who have not booked profits in my recommended Kavveri Telecom Ltd (which I recommended around Rs.54) should book profits when the scrip is around Rs.131. I had earlier mentioned to all to book profits and enter at lower levels. My write-up was based on the premise that: i) the scrip is near its 52-week high price (ii) the telecom sector is not doing well and facing steep competiton (iii) only t...
WINNING STROKES: THINK DIFFERENT The market tanked on concerns regarding Direct Tax Code (DTC) bill which aims to overhaul the direct tax regime in the country by rationalizing tax brackets and cutting down on plethora of exemptions. In the final versions of the code, government has proposed further widening of the three-tier slab structure for personal income tax, with the lowest rate of 10% now being implemented for Rs 2-5 lakh income, 20% for Rs 5-10 lakh and 30% for higher income. The current slabs are Rs 1.6-5 lakh, Rs 5-8 lakh and above Rs 8 lakh respectively. The change appears modest only because a major overhaul was done by the finance ministry in the Budget for this fiscal itself in the run up to the DTC. However, the sore point of the bill is a proposed a 30% corporate tax rate (for domestic companies) without any further surcharge or cess. While the move falls short of the proposals in the DTC draft released earlier which advocated bringing down the rate to 25%, ...
WINNING STROKES: THINK DIFFERENT: Where is the Nifty heading from here? What did I sent to the Paid Groups yesterday...What will happen to Nifty, when the support of 5480 has been broken on closing basis...??!! Expo Gas Containers Ltd recommended around Rs.7-8, made a new high today to touch Rs.25.80. June, 2010 quarter results of the company are good, so what to do with Expo Gas? Lok Housing recommended at around Rs.15-16, last year touched Rs.49.05 today. This is the power of long term holding. After one year when Sanguine Media Services Ltd will touch Rs.18-19, you will curse why I sold the shares of the company at Rs.5.....!! There was some accumulation going in the scrip of Vision Corporation Ltd after a board meeting a couple of days. The company has also declared a stock split. Let us see how the things pan out in future. At last CITI Group has concurred with my buy call on Reliance Industries Ltd (RIL). Among the many points they mentioned, I liked the following points: #...
Broking companies report tepid Q1 Srividhya Sivakumar Government should do something quickly so that capital markets look attractive for common investors; apart from compulsory investors/traders. In the last more than one year, the UPA government has done very little to revive the interest of the common investors towards Indian Capital Markets and drive them towards it....!! Is the government hearing...??!! Markets may be in the process of recapturing their previous peaks, but stocks of brokerage firms seem a long way from it. Way below their 2008 highs, these stocks have brutally underperformed the narrow indices — Sensex and Nifty — so far this year. So, what explains their poor performance? Driven by fall in retail participation in the markets, shift in volumes from cash to F&O, and the ban on entry load for mutual funds, broking companies have had difficultly in keeping with their earlier (peak) earnings momentum. A look at how their June quarter results st...
WINNING STROKES: THINK DIFFERENT: Indsil Hydro Power and Manganese Ltd made new high today at Rs.104.95. If you remember the scrip was recommended around Rs.72-73, with the news of coming bonus issue. Gujarat Alkalies and Chemicals Ltd, the PICK OF THE WEEK for the Paid Groups touched Rs.123, before closing a tad below that. The scrip was also recommended both in the Free Group and in this blog. The bullishness is due to the firmness in the price of caustic soda. One of its peer group companies, Punjab Alkalies and Chemicals Ltd already hit the buyer freeze today. The immediate target for Gujarat Alkalies and Chemicals Ltd, is Rs.135. Sanguine Media Services Ltd moved to Rs.4.39, before cooling down a bit. The new management under the Stewardship of Mr.Kumar Raichand Madan is expected to do well. The earlier incompetent director Mr.C V Ravi has been sacked by the board of directors of the company. It was because of his bad leadership that the share price of the company...
WINNING STROKES: THINK DIFFERENT: Sanguine Media Services Ltd hit the buyer freeze in the opening trade. The company did a tie up with a Bombay based Media house. There are lot of news coming from the company. Just buy the shares of the company and hold it for some months, you will get guaranteed returns. Indsil Hydro Ltd which was recommended to both the free and Paid Groups, at around Rs.72-73, touched Rs.104.70, as the company announced bonus issue (2:3). Paid members were reminded many times to keep accumulating the counter---those who have done that must have been benefited. Videocon Industries Ltd recommended around Rs.202-207, touched Rs.265, with good volumes. Thus the stock almost touched my second target. The stock already touched my first target. I have recommended Gujarat Alkalies and Chemicals Ltd at Rs.120.20, on the news of the price increase in caustic soda. Long term investors can accumulate the scrip for a target of Rs.135. Soon...
WINNING STROKES: THINK DIFFERENT: Sanguine Media Services Ltd hit the buyer freeze on opening trade after a Bombay based weekly came out with the news that the company has tied up with Cinevista Communications Ltd for making television serials and film production. The company is alredy doing a project from Godrej Ltd. It is going to focus more on rural marketing schemes where it has expertise. The company is presently updating its web-site to including all the new events. It is now out of the T-group and hence you can accumulate as much as you can before the web-site gets updated. Kohinoor Broadcasting Corporation Ltd hit the upper circuits today before cooling down a bit. The company is foraying into new business. Prajay Engineers Syndicate Ltd is moving up today, after the company came out with better results on Q-o-Q basis. So what to do with Prajay Engineers Ltd??!! The govt may announce another round of stimulus measures for exporters and importers in Foreign Trade Po...
THIS WEEK'S BEST LETTER RECEIVED: Respected Sir, Your bold & fearless write in today's blog has put my thinking, that my habit to read your daily blog is not time wasting. "HATS OFF TO YOU SIR", surely your critics or back stabbing by these big mouths must have found today especially silenced, Great, awesome write. We feel motivated and much informed when we read your blog. Let God Be With You. Thank You for Sharing your knowledge with us. Regards, Norbert N. Sequeira P.S: I have to decided to get immunized from a rabid dog from Assam rather than bark at him. That nonsense is under severe stress after many of his calls are now best for toilet cleaners to be swept into dustbin--SEL Manufacturing is recommended by that fool at Rs.60 and higher above, is now threatening to break Rs.40. I get at least 4-5 mails everyday, asking me what to do with SEL Manufacturing Ltd, which I never recommended after it rose to Rs.97...And this is becoming...
WINNING STROKES: THINK DIFFERENT: Kohinoor Broadcasting Corporation Ltd hits the buyer freeze in the opening trade. The company recently announced its foray into new business. Vision Corporation Ltd moved to Rs.4.34 before cooling down a bit. Sanguine Media Services Ltd hit the buyer freeze on the news of tie-up. The company is updating its web-site, which might contain surprises.
WINNING STROKES: THINK DIFFERENT: The benchmark Nifty closed at a 31-month high led by huge buying in private financial, cement and FMCG companies' shares and in stocks like Reliance Industries, L&T, JSPL and Hindalco. The index crossed another milestone of 5,500 and added more than 125 points in two days of trade. It had ended at 5705.30 on January 18, 2008. My target of 5500 on the Nifty has been achieved. Now what is the target of Nifty or where it is heading in the next few weeks?? This portion is reserved only for the Paid Groups. Selan Exploration Ltd which was recommended around Rs.72-73, touched Rs.378 today. But came down after profit booking was advised in the counter. Profit booking was also advised in Oil India Ltd. Kavveri Telecom Products Ltd made an intra-day high of Rs.128.95 before cooling down a bit. The company did not come up with too good results for the June, 2010 quarters. Also, its net and operating profit margins remained flat, indicating that the compa...