WINNING STROKES: THINK DIFFERENT:
Correction was expected in the markets as the Paid Members were sent the following today (morning): A short correction could take the Nifty to 5950-5960 levels...
Sicagen India Ltd recommended around Rs.7 and Rs.9, touched Rs.35.5 today. It is a group company of Offshore logistics services provider Sical Logistics. Congratulations to all those who are still holding the scrip.
Vishal Retail Ltd moved to Rs.48 today before closing down a bit. Vishal Retail’s board has finally arrived at a consensus on the sale of the retail and wholesale business. The board decided to sell the businesses for Rs.100 crore. While the retail business will go to Chennai’s Shriram Group, the Indian subsidiary of Texas Pacific Group (TPG) Ltd will take over the wholesale, institutional trading and franchising business. Both the undertakings - retail and wholesale - will be sold on a slump-sale basis with all assets and certain identified liabilities. However, the sale does not include its four properties in Hubli, Kolkata, Dehradun and Jabalpur--which is the catch in the counter.
There are lot of rumours regarding Asian Paints taking over of Brushman India Ltd. There is also some buzz that the promoter is being questioned by the CBI for his involvement in the Koda scam. The company makes paintbrushes. However, retail investors should be careful as the company hardly has anthing to be talked about.
Accumulate Morgan Ventures Ltd at the CMP of Rs.10.25 for a target of Rs.22. You can go through their website for further details: www.morganventures.net.
Vishal Retail Ltd moved to Rs.48 today before closing down a bit. Vishal Retail’s board has finally arrived at a consensus on the sale of the retail and wholesale business. The board decided to sell the businesses for Rs.100 crore. While the retail business will go to Chennai’s Shriram Group, the Indian subsidiary of Texas Pacific Group (TPG) Ltd will take over the wholesale, institutional trading and franchising business. Both the undertakings - retail and wholesale - will be sold on a slump-sale basis with all assets and certain identified liabilities. However, the sale does not include its four properties in Hubli, Kolkata, Dehradun and Jabalpur--which is the catch in the counter.
There are lot of rumours regarding Asian Paints taking over of Brushman India Ltd. There is also some buzz that the promoter is being questioned by the CBI for his involvement in the Koda scam. The company makes paintbrushes. However, retail investors should be careful as the company hardly has anthing to be talked about.
Accumulate Morgan Ventures Ltd at the CMP of Rs.10.25 for a target of Rs.22. You can go through their website for further details: www.morganventures.net.
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