MARKET MANTRA: Money Matters Financial Services Ltd touched Rs.112, before coming down a bit, due to profit booking. The stock was hitting the upper circuits in the last few days. Buy Shree Astavinayak Cine Vision Ltd at around Rs.4.20--4.25, for a target of Rs.7.5 in the short term. The scrip has fallen below its fundamentals and it is expected to move up shortly. Sell: (i) Patni Computers Ltd at Rs.316, T--Rs.265, SL--Rs.330. (ii) JSW Steel at Rs.830, T--Rs.750, SL--Rs.865.
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WINNING STROKES: THINK DIFFERENT: Refex Refrigerants Ltd hits the buyer freeze in the late afternoon trade before cooling down a bit. The scrip was recommended in this blog, last week for a price target of Rs.32-39. The season of the company is going on and the company has ventured into a new line of business. In FY11, the total revenue of the company was Rs.82.39 Cr, while the net profit of the company was Rs.7.23 Cr as against Rs.52.70 and a net loss of Rs.16.37 Cr in FY10. The EPS of the company for the FY11 is Rs.4.67 and CEPS of the company is Rs.6.31--this should give a minimum price of the scrip of around Rs.32-39, giving all discounts. Excerpts of my message sent to the Paid Groups, yesterday (28. 07. 2011)morning: A gap down opening was seen today amidst sell off globally. Nifty remains under pressure below 5700 and F&O expiry today may worsen the case. Market witnessed huge volatility last week on the back of range bound move between 5500 and 5650. However, a p...
WINNING STROKES: THINK DIFFERENT: Refex Refrigerants Ltd hits the buyer freeze in the late afternoon trade. The scrip was recommended in this blog, last week for a price target of Rs.32-39. The season of the company is going on and the company has ventured into a new line of business. In FY11, the total revenue of the company was Rs.82.39 Cr, while the net profit of the company was Rs.7.23 Cr as against Rs.52.70 and a net loss of Rs.16.37 Cr in FY10. The EPS of the company for the FY11 is Rs.4.67 and CEPS of the company is Rs.6.31--this should give a minimum price of the scrip of around Rs.32-39, giving all discount s
WINNING STROKES: THINK DIFFERENT: Refex Refrigerants Ltd hits the buyer freeze in the late afternoon trade. The scrip was recommended in this blog, last week for a price target of Rs.32-39. The season of the company is going on and the company has ventured into a new line of business. In FY11, the total revenue of the company was Rs.82.39 Cr, while the net profit of the company was Rs.7.23 Cr as against Rs.52.70 and a net loss of Rs.16.37 Cr in FY10. The EPS of the company for the FY11 is Rs.4.67 and CEPS of the company is Rs.6.31--this should give a minimum price of the scrip of around Rs.32-39, giving all discounts. Kernex Micro System Ltd moved to Rs.120.60, before cooling down to Rs.118.95. The stock was recommended around Rs.77-78 and then asked to be accumulated in all declines. Money Matters Financial Services Ltd hit the buyer freeze, as it closed at Rs.104.60. The stock was recommended 2nd time at around Rs.59-60. Now all those who filled the pages of MMB criticizing me for re...
REFEX REFRIGERANTS LTD CRISIL Research CMP: Rs.20.35 Book Value: Rs.32.42 Market Cap: Rs.31.49 Cr Refex Refrigerants Limited (RRL) was incorporated in 2002. It operates as a refiller and distributor of refrigerant gases. The company refills non ozone-depleting refrigerant gases, such as hydrofluorocarbons (HFCs). Its products are used in refrigeration, industrial refrigeration, transport refrigeration, food processing, air conditioning, chillers for buildings and systems, aerosol propellants, foam blowing, etc. RRL has a refilling and storage facility in Tamil Nadu from where products are refilled and distributed to major OEMs. KEY HIGHLIGHTS: Strategic moves to strengthen the market reach RRL is one of the leading players in the country for HFCs, which are an environmentally safe refrigerant developed to replace chlorofluorocarbons (CFC) in several air conditioning and refrigeration applications. RRL has a technical collaboration with Kaltech E...
WINNING STROKES: THINK DIFFERENT: Cals Ltd hits another buyer freeze in the opening trade. The stock had given break out sometime back and I have mentioned that, both to the free and Paid Members. What is the next target for the scrip? This proves that you may not have to jump from one scrip to another to make money in the markets. Just invest in a scrip which you like, as much as you can (or average it to some good levels), and then wait for the scrip to fire--the job is done!! Ambalal Sarabhai Enterprise Ltd moved up today, even though the markets did not perform well. The company is going in for a restructuring of its operations and its workers have started to join the company. Another good point is that, Mr. Ketan Adhvaryu, Company Secretary continues to be Compliance Officer of the Company--he is the face of Ambalal Sarabhai Enterprise Ltd to the outside world. Also, have a look at the charts of Ambalal Sarabhai Enterprise Ltd....did you get something for the Bulls..? ...
WINNING STROKES: THINK DIFFERENT: Those who have requested for Paid Membership details and have not received my reply, till date, should kindly give me a day or two to streamline the operations at my end. Now that I have started Intra-day, F & O, BTST and short term calls; the requests for sending the details of Paid Packages, have suddenly gained steam even in this market conditions---in future the Paid Packages will be revamped further, at the same economic price tag. I am not here to do business by selling the calls of others and pat on my back. Most of what you get in this blog for Free are my sheer hard work. However, some of you who needs special care, need to pay for my additional efforts. I sometimes get surprised to see that, in spite of my foes, doing all they could to spread mis-information about me, a section of the investors still have so much confidendce on me and my calls--amazing!! Thanks all my well-wishers for your wonderful mails and good wishes....
WINNING STROKES: THINK DIFFERENT: Morning call on Cals Ltd hits the buyer freeze in the opening trade. The stock has long back given a break out and should be moving towards the next target. Hindalco Ltd recommended today at Rs.181.60, with the news that the environment ministry has recommended clearance for the coal mine project in Sambalpur, Orissa, for doubling capacity in 3 years time frame, moved to Rs.182.60. Meanwhile, the Union Finance Ministry is planning to include more professions in the service sector under the tax regime as very few services are taxed under the present service tax regime. Government is also drafting a negative list of services under which, all services which are not mentioned in the negative list, would be taxed under the proposed Goods and Services Tax (GST). Speaking at conference organized by the Associated Chamber of Commerce (Assocham) Joint Secretary Union Ministry of Finance V K Garg said more areas in the services sector nee...
TCS Ltd rises on Q1 earnings; hits lifetime high in early trade on BSE: Allied Digital Services Ltd gets 70% of its revenue from the domestic market. Hence buy the scrip in bulk around Rs.49, with a SL of Rs.45. With the US economy improving the software counters are set to do well. Another scrip which I like is Helios and Matheson Information Technology Ltd which is now trading around Rs.31. Now is the time to lap up all the MID, SMALL AND MICRO CAP counters in bulk and exit in September--October period making superb returns. The Nifty is showing huge resilience and hence my earlier target of 5900-6300 in the Nifty still holds. The Reliance Industries Ltd is still going great with the GRM looking good; now trading at Rs.870. Risk taking investors/traders can take a bet on the interest rate and buy the rate sensitives as RBI might not go ahead with the interest rate hike because there are some indications of the slowing down of the demand, because if even a...
MARKET MANTRA: Fame India Ltd hits the 2nd consecutive buyer freeze, in the opening trade. The stock has reached my first target of Rs.57. Now what to do with this highly volatile scrip? Refex Refrigerants Ltd hits the buyer freeze in the morning trade, before cooling down a bit. This is the 2nd consecutive buyer freeze after my recommendation yesterday around Rs.23.40. Today Buy Reliance Industries Ltd at Rs.860, T--Rs.900, SL--Rs.850. Those who have still not taken position in Country Club India Ltd (CMP--Rs.10.96) should buy in Bulk for a target of Rs.17-18. This industry has a solid business model and the company recently announced that it is coming up with a Rs.300 Cr expansion plan going forward. Those who have still not taken position in Allied Digital Services Ltd can buy the scrip at the CMP of Rs.47.20--47.50, for a target of Rs.75 in the short term. The company will come up with results at the end of this month. Another interesting thing which I noti...
MARKET MANTRA: Fame India Ltd hits the buyer freeze in the opening trade; now locked at the upper circuit at Rs.51.85. The company is having an AGM very soon. The stock was repeatedly recommended as a buy. Buy Essar Oil Ltd at Rs.128--128.50, T--Rs.140, SL--Rs.121. The company came out with scintillating set of number for the Q1FY12, with the Net Profit jumping many folds, when compared on Y-o-Y basis. Its expansion will stand completed in October 2011. According to a Bombay based analyst the Company's present GRM is around USD 8.50 which, post expansion, should increase BY 4 dollars. Thus, Essar Oil's profits can show sharp rise from Q4 onwards. Hence buy the stock to get some decent retuns going forward. Buy Refex Refrigerants Ltd at Rs.23.40--23.70, T--Rs.32, SL--Rs.21. The company is going in for a new business models apart from its existing business. The Next Target for Nifty is 5900-6300 and hence keep adding your Nifty Longs. Strong support at 5560--5500-5491. Buy Al...
WINNING STROKES: THINK DIFFERENT: Money Matters Financial Services Ltd touched Rs.100.65 today, before closing at Rs.98.20. The stock was recommended 2nd time at around Rs.59--60, only a couple of months back. I hope you have taken position in Fame India Ltd before the AGM on 14th of this month. Turbulence just doesn't seem to die down any time soon for the Indian stock markets which are being slaughtered session after session as marketmen continue to shun riskier assets on mounting concerns that the euro zone debt crisis is spreading to much larger countries like Italy and Spain. The European counterparts faltered for third straight session as debt crisis contagion woes stoked fears that the aid from international lenders may not be enough to stop a broad deterioration of the European economy. Markets in Asia too prolonged their somber run, undermining mood of local investors. Apart from the gloomy global leads, plenty of developments from the domestic front did rest...
Warren Buffet confident American will not face second recession Billionaire Warren Buffett is optimistic, and said he is wagering on continued economic expansion. He wants to assure the public that he doesn't expect a second recession. LOS ANGELES, CA (Catholic Online) - "I would bet very heavily against that," Buffett told Betty Liu on the "In the Loop" program. While the most recent data shows slowing U.S. job growth, Buffet says that "How fast the recovery will come, I don't know. I see nothing that indicates any kind of a double dip." The unemployment rate unexpectedly climbed to 9.2 percent in June, the highest level this year. Hiring by companies was the weakest since May 2010. U.S. employers added only 18,000 jobs last month, less than the 105,000 median estimated in a Bloomberg News survey. "It means that we're still a ways off from getting to where we should be," Buffett said. "We're seeing growth around the world, b...
Market Mantra: (i) Buy Nifty futures at 5510, T--5580, SL--5491. The IIP Numbers is just a misnomer, because the things already happened in the past and the markets have already factored that.....Also, people knew there is a slowdown going on (and hence there is as such no surprise) and the inflation is expected to come down in future. The RBI might not raise the interest rates in the next meet at the end of this month. There are chances that the in future the growth could again start because: (a) The crude is falling (ii) the interest rate could come down (iv) the commodity prices are coming down......So, the picture is bullish and not bearish...hence don't get carried away by some stray news...!! (ii) The markets took positive cues from the removal of the environmental ministers Mr.Jairam Ramesh, which has already been mentioned in Facebook and Yahoo Messanger. This would have positive effect on metal/mining and renewable energy counters. Already Coal India Ltd is moving up....
Montek opposes GoM's mining profit share plan BS Reporter / New Delhi July 11, 2011 Even as the government has finalised its plan to make profit sharing with affected locals mandatory for companies in the coal mining sector as a compensation for area damage and displacement, the Planning Commission, the country’s apex policy advisory body, has expressed discontent over such a scheme. “Asking business houses to share a part of their profits is not a good idea,” Commission deputy chairman Montek Singh Ahluwalia said. “It is almost like saying that a part of taxation should be privatised. This is not the way.” Ahluwalia was speaking at the fifth Colonel Ajay Mushran Memorial Lecture. A 10-member Group of Ministers (GoM), headed by finance minister Pranab Mukherjee, last week recommended mandatory sharing of 26 per cent of profits by coal mining companies. For those in the non-coal sector, the panel recommended sharing an amount equal to the royalty paid in the last financial year. Thi...
Why Allied Digital Services Ltd? Let us take some of points why Allied Digital Services Ltd (Rs.51.50) could give us stupendous returns over a period: (i) It is less prone to get affected by any problem in the West, as it receives most of its revenues from the domestic market. (ii) When the Outlook Money recommended it to its readers on 17th November, 2010, the scrip was trading at Rs.224. The Outlook Money wrote: "Considering its ability to show high growth in the past, the stock looks undervalued". Hence considering the book value of Rs.154.75, the CMP of the company is highly undervalued. (iii) Allied Digital Services Ltd (ADSL) has over two decades of experience in providing IT Services, to its clients across several domains and geographies. It generates around 70% of its revenues from the domestic market, while the rest of the revenues comes from the overseas market like the US and Australia. (iv) The services provided by ADSL are similar to other IT Companies, but...