Market Mantra

IFCI Ltd touched Rs.43, after the company came out with good set of numbers for the Q4FY12. With the FY12, EPS of around Rs.8.99, the stock should see higher tops and higher bottoms in the coming days, especially after the cut in the interest rates by the RBI. The company's non-performing assets (NPAs) have come down substantially in the last four years from 70% to meager 13% as of now. Moreover, its capital adequacy has gone up from 16.4% last year to about 21.4% in FY12. The norm in case of non-banking financial companies (NBFCs) like IFCI Ltd is about 15% and therefore, 21% CAR is quite healthy and is very encouraging. Today, a Delhi based brokerage house has given a target of Rs.47-51 for the scrip.

Morning Recommendation to the Paid Group Members: Buy Suzlon Ltd at Rs.24.40-24.50, T--Rs.28-29, SL--Rs.22. Chatically speaking I think the scrip has bottomed out and off late it has won a number of orders. It is the fifth largest company in the world making the wind turbine and wind generators. The company has an order back log of around Rs.390 billion (1 Billion= 100 Cr) as of now. Suzlon Group reported 1,490 MW of highest ever order inflow in Q3FY12 among the geographies like India, North America, Europe and Brazil that improves visibility for FY13E. The order backlog of 5,755 MW (Suzlon WTB 2,407 MW + REpower 3,348MW) will be executed in FY13E & 14E. A company of such magnitude cannot trade at Rs.24-25. Since you have got the share at such a price, you should buy it and keep holding. 
Kohinoor broadcasting Corporation Ltd is up more than 7% and the stock is now trading at Rs.1.13. This is a value pick and all the investors should have this scrip in their portfolio.
GATI Ltd recommended at Rs.33.50, today touched Rs.37.4. However, many analysts have given a target of Rs.39-41-44 for the scrip in the short term, after the historic Joint Venture.
My recommended Hindalco Ltd touched Rs.132 today and is now trading at Rs.131.50. Today, a brokerage house recommended the scrip with a price target of Rs.160.  
The Nifty has been moving in a range of around 50-60 points since it opened 5320.70. After which it moved to 5342 and is currently trading at 5321 having touched a low of 5315.60. Thus we see that 5300-5310 is acting as a strong support for the Nifty. Going by the trend it looks like the spot Nifty would move towards 5400 in the coming days. And on break of 5400 we can look forward for a target of 5700 in the coming days. This is due to improved situation following 50 bps cut in the interest rate by the RBI.