WINNING STROKES: THINK DIFFERENT:

Kohinoor Broadcasting Corporation Ltd, which set up a world-class studio in Rajpura (45 minutes from Chandigarh) moved up to close Rs.2.24. The top officials of the company are expected to visit Germany next month to sign the final deal regrading its Rs.2000 Cr (Rs.1100 Cr for solar photo voltaic cell and Rs.900 Cr for LED Project) power  projects. This scrip is expected to give massive returns going forward. I do not know what is obtained by writing lies /presenting false facts, about the company in MMB and in other forums by some unscrupulous elements. I presume these elements want cheap publicity at the cost of maligning the name of the company and its promoters. 

In a significant development Jupiter Bio Science Ltd has opened up a new subsidiary in Hong Kong in the name of Jupiter Bio HK Ltd---it is expected to start work within the  next couple of months. If you remember Jupiter Bio Science came out with good results in Q2FY11. The scrip could be heading towards Rs.149-150, in the next few months time frame. 

SEL Manufacturing touched Rs.23.10, as it has been reeling under the high price of cotton since November 2009, when yarn prices saw a 40 per cent jump. The situation worsened in the current year where, besides high prices, small and medium players are also facing a shortage of yarn. Indian garment manufacturers have been reeling under the high price of cotton since November 2009, when yarn prices saw a 40 per cent jump. However, the situation has worsened in the current year where, besides high prices, small and medium players are also facing a shortage of yarn. Indian players are seeing their bottomlines shrink. This is despite a consistent flow of orders and estimates of increased domestic cotton output this year. Industry players blame traders, particularly multinational trading houses, who book large quantities of new cotton crops through forward cover — that is, even before the crop comes to market — which reduces the availability of cotton for domestic mills and gives traders the power to manipulate prices. The cotton bought by trading houses is exported, as it is a more lucrative option. The average current market price of cotton is around 90 per cent higher than the minimum support price of Rs 23,500 per candy. The domestic industry says it is unable to enter into such forward cover contracts due to the lack of adequate credit, as margin money for working capital loans for cotton purchases are high at 25 per cent and the loan period is limited to 6 months..