WINNING STROKES: THINK DIFFERENT:
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Reliance Media Services Ltd, could have made a permanent bottom around Rs.121. The Paid Members were asked to buy in bulk during the market hours yesterday, for an immediate target of Rs.137-139. The fall in the crude price would help the media sector, hence buy the media counters.
You can Join the Reliance Mediaworks Ltd in Facebook:
(i) URL: https://www.facebook.com/pages/Reliance-MediaWorks-Ltd/104408476300491?ref=ts&sk=info
(ii) URL: https://www.facebook.com/pages/Reliance-MediaWorks-Film-and-Media-Services/129286183786231
(ii) URL: https://www.facebook.com/RelianceImages?sk=wall
(iv) URL: https://www.facebook.com/pages/Reliance-media-works/117646788254433?ref=ts&sk=info.
Also you can visit the following link to learn more about, Reliance MediaWorks image processing team.
URL: http://www.variety.com/article/VR1118035578
However, I think a price of Rs.232-236, is not impossible in the next 6 months time frame looking at the growth of the company. The company is also coming up with the Rights Issue, which will give a positive kick to the company. It is like a golden egg laying duck. One should buy the scrip as a fixed deposit and keep holding--the investment would become gold. Lot of investors have have sent me queries as why the media sector should be affected positively if the price of the Crude Oil goes down or what is the relation of the media sector with the crude prices. Here is my take on the topic:
There are lot of factors which could affect the Media Sector POSITIVELY, if the price of crude oil goes down. I shall simply touch upon two important points---the rest you can find out:
(i) Just ask yourself from which compound or substance, film reels, CDs, Television Cameras, Cassettes, etc are made of; though digitization has taken the media sector by a storm. So a fall in the price of crude will definitely have a POSITIVE effect on the sector.
(ii) Media sector professionals need a lot of travel and sometimes they have to carry lot of logistics for the shooting of films, televisions serials, etc. If the cost of transportation goes down drastically due to the fall in the crude price, then would it not be POSITIVE for the media sector? There are lot of other benefits too---think a little...!!
The Country Club Ltd might have formed a permanent bottom and hence should be accumulated in Bulk for an immediate target of Rs.17-18. This Leisure and infrastructure firm (Country Club India) has earmarked over Rs.300 crore for expansion activities in next five years and is eyeing one million membership in 10 years (it currently has more than 2.5 lakh members).
Presently, Country Club India has 50 own properties, out of which 36 are directly-owned and 14 by promoter group.
It has 175 franchised establishments and over 4,000 affiliations all over the world through RCI.
The company, which has good presence in Tier-I cities through its clubs, is focusing on developing properties in Tier-II cities. But surprisingly the scrip is trading at an abnormal price of Rs.10.90. The market cap of the company is only Rs.97.52 Cr (just compare with the value of the properties, which runs into thousands of crores) and the book value of Rs.77. Amazingly the P/E of the scrip is only 8.26 while the industry P/E is a whooping 24.92. A moderate P/E of 15 could take the scrip to around Rs.19.
My recommended State Bank of India at around Rs.2160 on 22nd June, 2011, rose to Rs.2348.50 yesterday. I had mentioned on 22nd June, 2001 post; "The stock is expected to bottom around around Rs.2070-2090--so we are pretty close to the bottom line"--EXACTLY THE SAME THING HAPPENED.
Glory Polyfilms Ltd rose to Rs.3.70 yesterday before falling down a bit. This company would also benefit from the fall in the crude prices and those who will not buy the scrip at the CMP of Rs.3.51 would repent later. The book value of the shares is Rs.20.58 and the market cap is only Rs.20.87 Cr (absurd). The company's presence is found into a number of sectors:
(i) Milk
(ii) Milk Powder
(iii) Tea
(iv) Coffee
(v) Chocolates
(vi) Pulses
(vi) Rice
(vii) Cereals
(viii) Pop corn
(ix) Cheese
(x) Edible Oil
(xi) Vanaspati
(xii) Ghee
(xiii) Hair Oil
(xiv) Cosmetics
(xvi) Deteregent and so on.
Products:
(i) Flexible Laminates: Glory makes a variety of laminated structures for food and non-food applications which are custom designed to give optimum performance at an affordable cost. Our products are used to give barrier and protection to various solids, powders and liquids. The customers have an option of getting printing upto 8 colors in our advanced rotogravure machines having fully auto registration system.
(ii) Multilayer Films: Glory is one of the leading suppliers of 3 layer (Co extruded films), 5 layer and 7 layer (Nylon / EVOH based co-extruded films which are used for shelf sensitive products. Our barrier films are individually designed as per the customer specifications and are available in roll form, pouches ,etc. Our advanced rotogravure printing machines having fully auto registration system are designed to give the best possiable results upto 8 colors.
Buy in Bulk for a target of Rs.9-10 in the next 9-12 months time frame. For more on Glory Polyfilms Ltd you can visit: http://www.glorypolyfilms.com.
As mentioned in my blog, most of the aggressive shorters have lost not only their shirts but also their trousers. I have mentioned that in my 22nd June, 2011 post, "Moreover, there are lot of shorts in the 5200-4800 ranges and once the short covering starts in a large way, then all these aggressive shorters who have taken position based on Chartical Parameters will probably lose not only their shirts but also their under-pants--mark my words. What I mean to say is that: There are more chances of the market moving above 5300 then going below 5200--though the latter could not be ruled out (but then chances are less). Market has bounced back smartly from the level of 5200. Nifty has taken a rally of around 275 points within a week. This has happened in such an extreme bearish condition, when the market sentiment is turning bearish and investor’s confidence is at a low level.
This move indicates a strong trend reversal and end of the intermediate correction. The market has now become BUY ON DECLINES INSTEAD OF SELL ON RALLIES. The markets are looking very SEXY for the BULLS.
Stock markets in India sustained the uptrend on the second day of F&O expiry week, after enthusiastically rallying eight hundred fifty points in last three sessions and managed to finish a choppy session in the green territory. The benchmarks appeared exhausted as they gradually crawled sideways, lacking any significant upside triggers as sentiments remained cautious amid speculations that the recent upsurge may be a "bull trap" and that a correction could be around the corner. Nevertheless, the Sensex has managed to accumulate over nine hundred points in last four trading sessions on the back of some supportive local as well as global developments. The upside chances for local bourses was limited in Tuesday's session as investors took profits off the table from the Oil and Gas counters post their smart rally in the previous session. Rebound in Brent crude oil prices which forms part of India's crude basket also prompted investors to sell shares of oil companies. Meanwhile, Finance Minister Pranab Mukherjee's statement that inflation poses a major challenge to the Indian economy and projection that the rate of inflation is going to be more than 6.5% this year, weighed on domestic investors' morale. However, domestic benchmarks still negotiated a close in the green as sentiments on getting support from the optimism in global markets which rose as an agreement by French banks to roll over Greek debt and talks that European officials were working on a contingency plan for Greece if its parliament rejected an austerity plan improved investors' risk appetite. Majority of Asian equity indices settled in the green zone while, the European counterparts too exhibited positive trends.
Back on Dalal Street, the key indices witnessed a volatile session of trade as after starting on a positive note, they retracted into the red terrain only to see a pullback and eventually finish with moderate gains. The NSE's 50-share broadly followed index Nifty, settled with one third of a percent gains just below the crucial 5,550 support level while Bombay Stock Exchange's Sensitive Index, Sensex closed with around half a percent of gains just below the important psychological 18,500 level. The broader markets though showed resilience and traded with a lot of conviction through the session, outclassing their larger peers by a good a margin. The midcap index garnered 0.78% points while the smallcap index amassed 0.60% point. On the sectoral front, it was the Consumer Durables and the defensive - Healthcare pocket that outperformed not only their sectoral peers but also the benchmarks as they surged by 0.95% each. The capital goods counter too remained amid the thick of things and gained 0.94% as majors like L&T and BHEL gained 0.79% and 1.82% respectively. Stocks of tyre companies to kept buzzing through the session on the news that commerce ministry has proposed removal of 20% duty on the rubber up to 1 lakh tonne due to rising domestic rubber prices. On the other hand, Oil and Gas counter witnessed maximum profit booking and languished at the bottom of the table with close to half a percent loss as majors like GAIL and BPCL slipped by 2.22% and 1.84% respectively. The high beta realty pack too remained under pressure on expectations that the RBI will further its hawkish stance against inflation. The markets consolidated on weaker volumes compared to Monday. Market breadth remained positive as there were 1464 shares on the gaining side against 1378 shares on the losing side while 124 shares remained unchanged.
Finally, the BSE Sensex rose 80.04 points or 0.43% to settle at 18,492.45 while the S&P CNX Nifty gained 18.70 points or 0.34% to settle at 5,545.30.
The BSE Sensex touched a high and a low of 18,527.45 and 18,323.44, respectively. The BSE Mid cap and Small cap index up 0.78% and 0.60% respectively.
The top gainers on the Sensex were Hindalco Inds up 4.15%, Bajaj Auto up 2.87%, HDFC up 2.18%, BHEL up 1.82% and Bharti Airtel up 1.07%.
On the flip side, DLF down 2.21%, JP Associate down 1.56%, Jindal Steel down 1.16%, Wipro down 0.76%, Hero Honda down 0.31% were the top losers on the index.
Meanwhile, the Indian government would now allowed foreign investors other than Foreign Institutional Investors (FIIs) to invest up to $10 billion in domestic mutual funds, a move that will help to reduce the volatility in the capital market. Joint Secretary (capital markets) in the finance ministry, Thomas Mathew, said, this class of investors called Qualified Foreign Investors (QFIs), but not FIIs, can invest money into domestic mutual funds through Unit Confirmation Receipts (DPs) or Depository Participant route.
The QFIs can be Individuals and bodies, including pension funds; cumulatively they can invest up to $10 billion (around Rs 45,000 crore). Currently, only FIIs, sub-accounts listed with the market watchdog Security Exchange Board of India (SEBI), and Non-Resident Indians are allowed to invest in domestic Mutual Fund schemes. Thomas Mathew said, 'SEBI will be the regulator for all investments for both routes," adding the SEBI will issue necessary notification and framework by August 01.
Only KYC (know-your-customer) compliant retail foreign investors would be allowed to invest and the DPs will ensure proper KYC of QFIs as per the norms prescribed by SEBI. Besides, mutual funds would also undertake KYC of QFIs, Thomas Mathew added. By adding further he said, one QFI can open one account in one of the qualified DPs and only QFIs from jurisdictions which are FATF (Financial Action Task Force) compliant would be eligible to invest in the MFs under the scheme.
The move follows the announcement of finance minister Pranab Mukherjee on the issue in the last Budget. The finance minister in last budget said, 'Currently, only FIIs and the sub-account registered with the SEBI and NRIs are allowed to invest in the mutual fund schemes. To liberalize the portfolio investment route it has been decided to permit SEBI registered mutual funds to accept subscriptions from foreign investors who meet the KYC requirements for equity schemes."
'This would enable Indian mutual funds to have direct access to foreign investors and widen the class of foreign investors in India equity market,' the finance minister had said.
As of March 2011, the average assets managed by 40 fund house rose to Rs 7, 00,583 crore. Since it is going to be retail investment, it would be more stable than the FII money, Mathew said.
The top gainers on the BSE sectoral space were Consumer Durables (CD) up 0.95%, Health Care (HC) up 0.95%, Capital Goods (CG) up 0.94%, Auto up 0.82% and Power up 0.72%.
The losers in the BSE sectoral space were Oil & Gas down 0.44%, Realty down 0.33%, PSU down 0.22% and IT down 0.07%.
On a three day visit to India, New Zealand Prime Minister John Key said, New Zealand hopes to conclude the proposed Free Trade Agreement with India by March next year. The bilateral trade between India and New Zealand has been well below the potential, last year it's crossed $1 billion, and both the nations have set the target of trebling bilateral trade to $3 billion in four years.
John Key said, "We expect it to be signed by March 2012". However, Key added that the conclusion would depend on the quality of agreement and negotiations. India and New Zealand already have completed around five rounds of negotiations, India is hopeful to get more market access for its professionals through the FTA and New Zealand is trying to get entry in India's dairy market. 'These things are always delicate and, as we know from the negotiations with Korea, you can hit speed bumps along the way, but I'm confident they want to do a deal,' he added.
New Zealand is ready to offer more access to Indian Professionals. However, the stress is on the skill level of professionals, Tim Groser New Zealand Trade Minister said, 'We cannot allow unqualified people knocking our front doors and doing a poor job. Indian professionals who can benefit from this FTA, includes teachers, healthcare providers, technicians, IT experts, architects and hospitality providers, among others. New Zealand is seeking to get more access in India dairy sector for its dairy industry, as India has kept the sector largely closed.
Last year, India and New Zealand started their negotiations on a Comprehensive Economic Cooperation Agreement, an FTA, last year, that includes, goods services and investment, both the nation's leaders are also expected to discuss on issues like energy cooperation, including civil nuclear.
The S&P CNX Nifty touched high and low of 5,558.30 and 5,496.35, respectively.
The top gainers of the Nifty were Hindalco up 3.96%, Bajaj Auto up 3.01%, Dr Reddy up 2.42%, HDFC up 2.13% and BHEL up 1.92%.
On the flip side, GAIL down 2.60%, DLF down 2.28%, ACC down 2.17%, BPCL down 2.10% and JP Associate down 1.75% were the major losers on the index.
European markets were trading in a mix note. France's CAC 40 rose by 0.53%, Britain's FTSE 100 advanced 0.39% and Germany's DAX down by 0.16%.
Most of the Asian equity indices reversed their initial losses and finished in the positive terrain on Tuesday as sentiments turned firm on report that French banks hold $21.3 billion in Greek government debt and the plan would give Greece more time to meet its other financial obligations. Japanese Nikkei ended the day's trade with a gain of over half a percent on growing optimism for a resolution to the Greek debt crisis, with exporter stocks supporting the market.
Stock markets in India sustained the uptrend on the second day of F&O expiry week, after enthusiastically rallying eight hundred fifty points in last three sessions and managed to finish a choppy session in the green territory. The benchmarks appeared exhausted as they gradually crawled sideways, lacking any significant upside triggers as sentiments remained cautious amid speculations that the recent upsurge may be a "bull trap" and that a correction could be around the corner. Nevertheless, the Sensex has managed to accumulate over nine hundred points in last four trading sessions on the back of some supportive local as well as global developments. The upside chances for local bourses was limited in Tuesday's session as investors took profits off the table from the Oil and Gas counters post their smart rally in the previous session. Rebound in Brent crude oil prices which forms part of India's crude basket also prompted investors to sell shares of oil companies. Meanwhile, Finance Minister Pranab Mukherjee's statement that inflation poses a major challenge to the Indian economy and projection that the rate of inflation is going to be more than 6.5% this year, weighed on domestic investors' morale. However, domestic benchmarks still negotiated a close in the green as sentiments on getting support from the optimism in global markets which rose as an agreement by French banks to roll over Greek debt and talks that European officials were working on a contingency plan for Greece if its parliament rejected an austerity plan improved investors' risk appetite. Majority of Asian equity indices settled in the green zone while, the European counterparts too exhibited positive trends.
Back on Dalal Street, the key indices witnessed a volatile session of trade as after starting on a positive note, they retracted into the red terrain only to see a pullback and eventually finish with moderate gains. The NSE's 50-share broadly followed index Nifty, settled with one third of a percent gains just below the crucial 5,550 support level while Bombay Stock Exchange's Sensitive Index, Sensex closed with around half a percent of gains just below the important psychological 18,500 level. The broader markets though showed resilience and traded with a lot of conviction through the session, outclassing their larger peers by a good a margin. The midcap index garnered 0.78% points while the smallcap index amassed 0.60% point. On the sectoral front, it was the Consumer Durables and the defensive - Healthcare pocket that outperformed not only their sectoral peers but also the benchmarks as they surged by 0.95% each. The capital goods counter too remained amid the thick of things and gained 0.94% as majors like L&T and BHEL gained 0.79% and 1.82% respectively. Stocks of tyre companies to kept buzzing through the session on the news that commerce ministry has proposed removal of 20% duty on the rubber up to 1 lakh tonne due to rising domestic rubber prices. On the other hand, Oil and Gas counter witnessed maximum profit booking and languished at the bottom of the table with close to half a percent loss as majors like GAIL and BPCL slipped by 2.22% and 1.84% respectively. The high beta realty pack too remained under pressure on expectations that the RBI will further its hawkish stance against inflation. The markets consolidated on weaker volumes compared to Monday. Market breadth remained positive as there were 1464 shares on the gaining side against 1378 shares on the losing side while 124 shares remained unchanged.
Finally, the BSE Sensex rose 80.04 points or 0.43% to settle at 18,492.45 while the S&P CNX Nifty gained 18.70 points or 0.34% to settle at 5,545.30.
The BSE Sensex touched a high and a low of 18,527.45 and 18,323.44, respectively. The BSE Mid cap and Small cap index up 0.78% and 0.60% respectively.
The top gainers on the Sensex were Hindalco Inds up 4.15%, Bajaj Auto up 2.87%, HDFC up 2.18%, BHEL up 1.82% and Bharti Airtel up 1.07%.
On the flip side, DLF down 2.21%, JP Associate down 1.56%, Jindal Steel down 1.16%, Wipro down 0.76%, Hero Honda down 0.31% were the top losers on the index.
Meanwhile, the Indian government would now allowed foreign investors other than Foreign Institutional Investors (FIIs) to invest up to $10 billion in domestic mutual funds, a move that will help to reduce the volatility in the capital market. Joint Secretary (capital markets) in the finance ministry, Thomas Mathew, said, this class of investors called Qualified Foreign Investors (QFIs), but not FIIs, can invest money into domestic mutual funds through Unit Confirmation Receipts (DPs) or Depository Participant route.
The QFIs can be Individuals and bodies, including pension funds; cumulatively they can invest up to $10 billion (around Rs 45,000 crore). Currently, only FIIs, sub-accounts listed with the market watchdog Security Exchange Board of India (SEBI), and Non-Resident Indians are allowed to invest in domestic Mutual Fund schemes. Thomas Mathew said, 'SEBI will be the regulator for all investments for both routes," adding the SEBI will issue necessary notification and framework by August 01.
Only KYC (know-your-customer) compliant retail foreign investors would be allowed to invest and the DPs will ensure proper KYC of QFIs as per the norms prescribed by SEBI. Besides, mutual funds would also undertake KYC of QFIs, Thomas Mathew added. By adding further he said, one QFI can open one account in one of the qualified DPs and only QFIs from jurisdictions which are FATF (Financial Action Task Force) compliant would be eligible to invest in the MFs under the scheme.
The move follows the announcement of finance minister Pranab Mukherjee on the issue in the last Budget. The finance minister in last budget said, 'Currently, only FIIs and the sub-account registered with the SEBI and NRIs are allowed to invest in the mutual fund schemes. To liberalize the portfolio investment route it has been decided to permit SEBI registered mutual funds to accept subscriptions from foreign investors who meet the KYC requirements for equity schemes."
'This would enable Indian mutual funds to have direct access to foreign investors and widen the class of foreign investors in India equity market,' the finance minister had said.
As of March 2011, the average assets managed by 40 fund house rose to Rs 7, 00,583 crore. Since it is going to be retail investment, it would be more stable than the FII money, Mathew said.
The top gainers on the BSE sectoral space were Consumer Durables (CD) up 0.95%, Health Care (HC) up 0.95%, Capital Goods (CG) up 0.94%, Auto up 0.82% and Power up 0.72%.
The losers in the BSE sectoral space were Oil & Gas down 0.44%, Realty down 0.33%, PSU down 0.22% and IT down 0.07%.
On a three day visit to India, New Zealand Prime Minister John Key said, New Zealand hopes to conclude the proposed Free Trade Agreement with India by March next year. The bilateral trade between India and New Zealand has been well below the potential, last year it's crossed $1 billion, and both the nations have set the target of trebling bilateral trade to $3 billion in four years.
John Key said, "We expect it to be signed by March 2012". However, Key added that the conclusion would depend on the quality of agreement and negotiations. India and New Zealand already have completed around five rounds of negotiations, India is hopeful to get more market access for its professionals through the FTA and New Zealand is trying to get entry in India's dairy market. 'These things are always delicate and, as we know from the negotiations with Korea, you can hit speed bumps along the way, but I'm confident they want to do a deal,' he added.
New Zealand is ready to offer more access to Indian Professionals. However, the stress is on the skill level of professionals, Tim Groser New Zealand Trade Minister said, 'We cannot allow unqualified people knocking our front doors and doing a poor job. Indian professionals who can benefit from this FTA, includes teachers, healthcare providers, technicians, IT experts, architects and hospitality providers, among others. New Zealand is seeking to get more access in India dairy sector for its dairy industry, as India has kept the sector largely closed.
Last year, India and New Zealand started their negotiations on a Comprehensive Economic Cooperation Agreement, an FTA, last year, that includes, goods services and investment, both the nation's leaders are also expected to discuss on issues like energy cooperation, including civil nuclear.
The S&P CNX Nifty touched high and low of 5,558.30 and 5,496.35, respectively.
The top gainers of the Nifty were Hindalco up 3.96%, Bajaj Auto up 3.01%, Dr Reddy up 2.42%, HDFC up 2.13% and BHEL up 1.92%.
On the flip side, GAIL down 2.60%, DLF down 2.28%, ACC down 2.17%, BPCL down 2.10% and JP Associate down 1.75% were the major losers on the index.
European markets were trading in a mix note. France's CAC 40 rose by 0.53%, Britain's FTSE 100 advanced 0.39% and Germany's DAX down by 0.16%.
Most of the Asian equity indices reversed their initial losses and finished in the positive terrain on Tuesday as sentiments turned firm on report that French banks hold $21.3 billion in Greek government debt and the plan would give Greece more time to meet its other financial obligations. Japanese Nikkei ended the day's trade with a gain of over half a percent on growing optimism for a resolution to the Greek debt crisis, with exporter stocks supporting the market.
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