~:Winning Strokes: Think Different:~

The time has come to disclose the name of the mysterious stock, which was mentioned last week, as a PROFIT SHARING SCRIP to some chosen investors (or per call Rs.25, 000. Minimum Investment: Rs.2 lakhs). The name of the scrip was disclosed to some of the chosen members, who fell within the above mentioned category. It is Prajay Engineers Syndicate Ltd (BSE Code: 531746), which was recommended to them at Rs.2.7. It has already given more than 35% return, on a minimum investment of Rs.2 lakhs. So, for Rs.25, 000 spent  on the scrip, these angel investors have already gained over Rs.65, 000 (Net profit> Rs.40, 000 till date). This is the new service I have started in this month. Those who are interested, can deposit the seed money and wait for sometime to get such sure shot recommendations on some scrips. Prajay Engineers Ltd closed at Rs.3.96 up more than 46% after it was recommended. For more on this service, you can send me a mail (email are given on the right hand side of this blog). 

Those who have invested in M & M and at around Rs.675, can still hold the scrip for the targets mentioned earlier. The scrip touched Rs.707 today.
IFCI Ltd recommended only a few days back around Rs.20, touched Rs.25.45 today. 

Now some good news from the Textile Sector: For the last 6-7 months the textile sector was trying to grapple with the crisis created by the flimsy government policies. However, the textile minister Mr.Anand Sharma's, first task after the assumption of power was the removal of the yarn export curbs. This of course led to a cut in the accumulated stocks, with mills to around 300 million kgs. On his part Mr.Sharma  has  impressed the industry, with a series of measures announced at different fora for restoring its health. Besides the policy thrust on technical textiles,  and extension of TUFS, the 12th plan period has broadly outlined his revival plans, which envisages, special incentives to the US and the European Union, extension of 2% subvention on rupee export credit to cover handlooms and all SMEs, etc. The Market diversification includes addition of 45 new markets for incentives in Africa, Latin America, and Central Asia. This has received all round appreciation. However, the success of Mr.Sharma's strategy cannot be guaranteed, in view of the current conditions of the Europe and Indian economy. Meanwhile, the government has sanctioned 21 new textile parks, under the scheme for Integrate Textile Parks, at a project cost of Rs.2, 100 Cr, to be implemented over a period of 36 months. The scheme seeks greenfield investments in the textile sector,on PPP basis, with the objective of setting up world class infrastructure for the textile industry. The government has also stepped up allocations for TUFS from Rs.8, 000 Cr to around Rs.15, 404 Cr in the 11th plan and under the SITP (Scheme for Integrated Textile Parks), an allocation of Rs.400 Cr was made for sanction of new textile parks. The new textile parks would leverage investments of over Rs.9, 000 Cr and provide employment to around 4 lakhs workers. The government would finance common infrastructure with a subsidy of upto Rs.40 Cr per textile park. Moreover, according to some estimates the Indian Textile Industry is expected to grow so fast that it would be worth Rs.1, 58, 000 Cr by 2017. Hence, I feel that this sector is expected to generate good profits for the investors going forward.