WINNING STROKES: THINK DIFFERENT:
The much awaited rally in small and mid cap counters, (which I spoke of, a couple of days back, in this blog) has at last started as the BSE Mid-cap and Small-cap indices advanced 1.04% and 1.05%, respectively.
XL Energy Ltd (formerly XL Tele and Energy Ltd) hits the buyer freeze on some favourable news. Now all those who were speaking nonsense about the company, suddenly vanished from the ring. However, it is irony that some of the investors/traders believe these bullshits or their rantings and chanting. Hearing all those jokers some of these investors/traders become so fearful that they keep sending me all sorts of mails, sometimes puzzling me. Actually these mentally disbalanced people want to me make me a patient, by sending all sorts of sardonic questions. I hope most of you have invested in Avon Corporation Ltd, which probably will have a board meeting on 27th September, 2010. There are some good news coming in the counter. The stock closed flat today.
K Sera Sera Productions Ltd recommended around Rs.11.20--11.50, a couple of weeks back both to the Paid and Free Groups, reached Rs.13.80 today, before closing at Rs.12.84.
My recommended Country Club India Ltd reached to Rs.21.35, before closing at Rs.20.95. The company is doing well and it could be recommended by a brokerage house. The company has 3-hotels and it gets regular business from subscription. The share is trading at a very cheap price considering its peers, like Mahindra Holidays and Resorts Ltd.
Kohinoor Broadcasting Corporation Ltd closed flat today. Prudent investors should accumulate the scrip at the CMP of Rs.3.76, for a target of Rs.9-7 in the next few months. The company is now only waiting for the band width from satellite, other works are complete. It is also coming up with Rs.1100 Cr power project near Chandigarh.
Having earned windfall non-tax revenue from the telecom spectrum auctions, the Indian government has cut down its planned borrowings in the second half of the fiscal, but by relatively smaller amount of Rs 10,000 crore. It had got excess revenue of nearly Rs 70,000 crore from the auctions, over and above the Budgeted estimates of Rs 35,000 crore. "Government borrowing for the Oct-Mar (period) is lower on account of robust tax revenues...Tax revenues are rising and non-tax revenues are also good," said Chawla adding that the trimming of the borrowing plan would leave the desired resources for the private sector. The Reserve Bank of India (RBI) was also happy with the decline in borrowing s but added that variable-rate securities might be issued depending upon market conditions.It is possible that in December or early next year the government decides to cut the market borrowing programme even further as by that time it would have clearer picture of the tax revenue collections. If the economic growth continues the way it has been then there are good chances that tax revenue collections will end up higher than what was budgeted. This can leave more room for cutting down the borrowings in the last leg of the fiscal.
K Sera Sera Productions Ltd recommended around Rs.11.20--11.50, a couple of weeks back both to the Paid and Free Groups, reached Rs.13.80 today, before closing at Rs.12.84.
My recommended Country Club India Ltd reached to Rs.21.35, before closing at Rs.20.95. The company is doing well and it could be recommended by a brokerage house. The company has 3-hotels and it gets regular business from subscription. The share is trading at a very cheap price considering its peers, like Mahindra Holidays and Resorts Ltd.
Kohinoor Broadcasting Corporation Ltd closed flat today. Prudent investors should accumulate the scrip at the CMP of Rs.3.76, for a target of Rs.9-7 in the next few months. The company is now only waiting for the band width from satellite, other works are complete. It is also coming up with Rs.1100 Cr power project near Chandigarh.
Having earned windfall non-tax revenue from the telecom spectrum auctions, the Indian government has cut down its planned borrowings in the second half of the fiscal, but by relatively smaller amount of Rs 10,000 crore. It had got excess revenue of nearly Rs 70,000 crore from the auctions, over and above the Budgeted estimates of Rs 35,000 crore. "Government borrowing for the Oct-Mar (period) is lower on account of robust tax revenues...Tax revenues are rising and non-tax revenues are also good," said Chawla adding that the trimming of the borrowing plan would leave the desired resources for the private sector. The Reserve Bank of India (RBI) was also happy with the decline in borrowing s but added that variable-rate securities might be issued depending upon market conditions.It is possible that in December or early next year the government decides to cut the market borrowing programme even further as by that time it would have clearer picture of the tax revenue collections. If the economic growth continues the way it has been then there are good chances that tax revenue collections will end up higher than what was budgeted. This can leave more room for cutting down the borrowings in the last leg of the fiscal.
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