JOIN MY BROKERAGE HOUSE Join the Paid Service, or join my brokerage house and make money. Play in the Nifty futures and make money everyday or carry your position for days, by only paying interested of 1.5% per month. The account opening is free for those who will invest around Rs.2 lakhs. NO SELLING OF YOUR MARGIN POSITIONS/HOLDINGS BY THE BROKERAGE HOUSE (this is a new scheme). The brokerage is at par with www.icicisecurities.com, so those who are having Accounts in it can safely migrate to my brokerage house. Moreover, those who will join my brokerage house will get 50% discount for 2 years on the Paid Subscription and after 8 years, free for life. PLEASE HURRY UP!! DON'T MISS THIS OPPORTUNITY!! The subscription to the Paid Service is set to increase further from the 1st November, 2012. Those who will enroll now with get 30% discount on two years, subscription amount (Rs.7000x2 minus 30%= Rs.9800). Those who will enroll in my brokerage house will get fu...
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Market, rupee surge as FIIs turn aggressive buyers Clarity on GAAR and positive signals from the European union (EU) pushed up the equity market on Friday. Analysts say that the mood was upbeat after a volatile week. Thanks to these developments, foreign institutional investors pumped in more than half a billion dollars today. The NSE Nifty ended up 2.5 per cent (130 points) at 5,279, while the BSE Sensex was up 2.6 per cent (439 points) at 17,430. The rupee also appreciated sharply on Friday (gaining over a rupee from Thursday’s close of 56.80 to a dollar) and closed at 55.67 to a dollar. On Thursday, the Government set out the draft guidelines for General Anti-Avoidance Rules (GAAR) which would exempt foreign investors from retrospective taxes and give them concession on P-Notes (Participatory Notes). This apparently made investors believe that the Finance Ministry was now looking at taking positive measures to kickstart the investment cycle, said analysts. “With the statements on G...
WINNING STROKES: THINK DIFFERENT ARSS Infrastructure Ltd hit the upper circuits before closing at around Rs.45.95 on the BSE. Yesterday, it was strongly recommended a buy, after my sources gave positive news on the company. I am expecting the scrip to cross Rs.60, in the coming days, provided the markets do not crash. The Real Estate/Construction stocks of all hues should be accumulated as the RBI is expected to cut the interest rate in the coming days, to prop up the sagging economy. This is the sector to be focused. Also, any negative news in the cement sector is positive for the real estate/construction sector. The gold fell as was expected in the MCX. Those who have shorted the scrip, must be laughing their way to the banks. I am expecting it to fall further as the government takes steps to revive the sentiments of the Indian Capital Markets. Prajay Engineers Syndicate Ltd hit the buyer freeze today. The company is doing lot of projects and its current price does...
Redemption fund for FCCBs to bail out India Inc Manojit Saha / Mumbai Jun 29, 2012. Great News for Suzlon Energy Ltd, Country Club India Ltd, etc. The government and the Reserve Bank of India (RBI) are in discussions to create a fund to bail out companies facing headwinds in foreign currency convertible bond (FCCB) redemptions. According to RBI estimates, $4-5 billion FCCBs are coming up for redemption in the current financial year. According to central bank sources, discussions are on with the finance ministry and banks. “The idea is to create a fund and also a line of credit from banks to companies,” said a source familiar with the developments. Though the size of the fund is yet to be decided, the effort is the fund should be able to take care of at least half the resource needs. According to bankers, the creation of a separate fund will also take away some pressure on the rupee. “There are two ways in which FCCBs could be redeemed. One is raising funds through another FCCB, a ...
SELL GOLD AND NOBLE METALS I think Gold is a sell from now onward. The gold is now trading at Rs.29706, in MCX, but I am expecting it to further break Rs.28, 000 mark in the coming days. The reasons could be many but primary among them could be the following: (i) The world-wide inflation is expected to come down in the coming days, pulling down the demand for gold. (ii) The government is talking of improving the sentiment of the Indian Capital Markets, which could be looked in a round about way to curtail the demand for gold. This means the gold demand as an investment could come down in the coming days. (iii) According to view of India Forex Advisors, “ Gold is trading at $ 1575 levels. Gold prices ended on a flat note ahead of the EU Summit, as market participants are not expecting any new measures will be announced to tackle the ongoing European Debt crisis. This may prompt investors to shift from Gold to US Dollar. Near term support is at $1558 levels, wh...
JOIN MY BROKERAGE HOUSE Join the Paid Service, or join my brokerage house and make money. Play in the Nifty futures and make money everyday or carry your position for days, by only paying interested of 1.5% per month. The account opening is free for those who will invest around Rs.2 lakhs. NO SELLING OF YOUR MARGIN POSITIONS/HOLDINGS BY THE BROKERAGE HOUSE (this is a new scheme). The brokerage is at par with www.icicisecurities.com, so those who are having Accounts in it can safely migrate to my brokerage house. Moreover, those who will join my brokerage house will get 50% discount for 2 y ears on the Paid Subscription and after 8 years, free for life. PLEASE HURRY UP!! DON'T MISS THIS OPPORTUNITY!! The subscription to the Paid Service is set to increase further from the 1st November, 2012. Those who will enroll now with get 30% discount on two years, subscription amount ( Rs.7000x2 minus 30%= Rs.9800). Those who will enroll in my brokerage house will get f...
GAAR (General Anti-Avoidance Rules) on the way out........? NEW DELHI: Prime Minister Manmohan Singh will seek within the next two to three weeks to clear up confusion over tax policy that has rattled investor confidence in Asia's third-largest economy, a government official said on Thursday. Singh plans to issue an "explanatory note" on portfolio investments, an official in his office told Reuters, without giving details about what the statement would say or which tax issues it would address. However, it is widely known that the prime minister's office was unhappy with the way that former Finance Minister Pranab Mukherjee handled controversial tax proposals that were part of the 2012/2013 budget announced in March. The proposals to crack down on tax evasion and allow the government to make retroactive claims on overseas deals involving Indian assets sparked alarm in foreign capitals, including Washington, and an exodus of funds from India, although it rema...
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ARSS Infrastructure Ltd: Forming an excellent chart pattern ARSS Infrastructure Ltd (BSE Code: 533163) has formed has excellent pattern on the candle chart. The stock is today, moving up with good volumes---just in one hour of trade nearly half a million shares have been traded and of which around 40% is delivery based trade. The CMP of the scrip is Rs.46. The stock is trading near its 52-week low price of Rs.38 and hence I feel that there is limited downside in the scrip. According to www.bseindia.com, the 52-week high for the scrip is Rs.464.90. The market cap of the company is only Rs.68.43 Cr and the book value of the shares of the company is Rs.282.15. The face value of the scrip is Rs.10. I have just spoken with the sources of ARSS Infrastructure Ltd.....I must say the news is too good.....I will disclose in the next week. Buy in Bulk and keep holding. It could be a multi-bagger.............
India continues to be fastest growing economy : Chidambaram THIRUVANANTHAPURAM: India continues to be the fastest growing economy in the world, despite the economic downturn being a matter of concern, Home Minister P Chidambaram said here today. "There is a sense of concern about the downturn. But India remains the fastest growing economy in the world", he said while addressing a joint press conference with cabinet colleagues Salman Khurshid and Ambika Soni here. Chidambaram said though the year 2012-13 started on a sober note on the economic front, the country was expected to move forward on the growth track in the second half of the year. He said India continued to be the most attractive destination for foreign investment, receiving USD 46.85 billion last year. Besides, Indian companies had started investing in other f countries and occupied fifth position among overseas investors after U.S.A, Japan, Canada and China, the Minister said. Stating that a var...
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Voltas Ltd: Trying to take off.......... Voltas Ltd had a solid consolidation phase around Rs.101-103 ranges and now it seems the party for the bulls will start. The company came out with superb set of numbers for the Q4FY12. Voltas Ltd earlier informed that it has declared a Dividend of Rs.1.60 per share on face value of Re. 1 per share (160%) for the year 2011-12. If we look at the shareholding pattern then we would see that FIIs and Corporates have increased their stake in the company, speaking sequentially and Q-o-Q basis. I see the scrip touching Rs.120, in the coming days.
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Suzlon Energy Ltd Suzlon Energy Ltd was asked to be accumulated around Rs.17.50--18, after studying its improving fundamentals. Today it seems the scrip has given signs of a break out. Off late the company has regained some of its faded glory in the international arena. Suzlon Energy is a leading manufacturer and supplier of wind turbines. Having acquired German wind turbine manufacturer REpower's business in the recent past, the company now has a strong presence in the international market, especially in Europe. However, the acquisition has also significantly pushed up debt on its books. If Suzlon has any thing to cheer about today, it is probably its order book position. Suzlon Energy's order backlog as at March 2012 stood at a healthy Rs.41,500 crore. This is nearly double its net revenue of over Rs.21,000 crore for FY12. The company's top line of over Rs.21,000 crore for the year 2012 is an increase of 18% over the previous year. It has also reported a heal...
Unitech's long march ahead Nivedita Mookerji & Dilasha Seth / New Delhi June 22, 2012 When Sanjay Chandra, managing director (MD) of Unitech, walked out of jail on bail a few months ago, before him stood a company that was a shadow of its former self. Four years ago, in 2007-08, the company’s net profit stood at Rs 1,669 crore. Today, it has slipped to a low of Rs 248.3 crore for financial year 2011-12. In the fourth quarter of 2011-12, the company eked out a net profit of just Rs 2.26 crore, even lower than its earlier all-time low of Rs 8.26, posted in the first quarter of 2005-06 . Analysts say the company is looking at troubled times, not just because of the alleged 2G-related telecom scam that Sanjay Chandra went to jail for, but because of absence of big launches, the slow pace of project construction, coupled with a high debt servicing cost. This doesn’t factor in the absence of any return on the telecom investment the company made. Its biggest problem, though, is a huge...
FII holding in top 500 companies highest since Mar 2010 NEW DELHI: Foreign Institutional Investors (FIIs) holding in top Indian companies has reached their highest level since March 2010 on account of strong domestic consumption and sound financial system. FIIs' aggregate holding in BSE 500 companies has gone up from 11.3 per cent in March 2010 to 12.6 per cent in March 2012, according to a report prepared by ICICI Direct. Listed companies update their quarterly shareholding pattern with stock exchanges with a lag of one month or more. FII holding climbed by 2.3 per cent in December quarter of 2011 to 12.6 per cent in January-March quarter of 2012 with the BSE 500 index rising by 17 per cent to 6,759 level in March 2012 from 5,779 levels in December 2011. "The optimism displayed by FIIs in the Indian corporate growth story arises from the fact that the Indian economy remained relatively insulated from the global economic meltdown mostly on account of the strong d...
Chinese unit sale may help Suzlon repay debt Proceeds from the proposed sale of Chinese plant may help Suzlon Energy to partly repay its debt commitments. The proposed sale of the unit, valued at $60 million (Rs 340 crore), can help repay about 16 per cent of the $360-million foreign currency convertible bonds due on July 27. Suzlon Energy had earlier in the month stated that it was in advanced stages of talks to raise $300 million from banks for repayment of the FCCBs. The Chinese unit sale will help the company supplement the bank debt it is about to take. ENTRY IN CHINA : Suzlon Energy had set up a manufacturing unit with capacity of 900 MW in China in 2006. At that time, it was the only international player in the Chinese market, although players such as Gamesa and GE are now present. The Chinese market was attractive then, as new installations expanded in double digits, pushing China to the top spot in the wind energy market. The Chinese unit was also a good base to reach out to o...
Make Money Regularly: Join My Brokerage House One can make loads of money regularly by playing in the Nifty Futures (not OPTION, which are dangerous) on targeted Nifty Calls. Join my brokerage house and get 50% discount on two years subscription and then free subscription for life (or as long as you continue with my brokerage house and continue playing) after 7 years. This approach is to built a long term relationship with you, so that you do not have to go here and there to find consultants, who could assist you in making money on a consistent basis or on whom you can put your trust. The point which I am sticking is that Nifty Future gives humongous returns regardless of the market conditions, provided you play on money making calls or which are more or less accurate---I mean at least they are money spinner on net basis. Let me explain a bit : In case of playing in Nifty future and making money, you do not need to be either bull or bear---only you nee...
Govt to announce steps on Monday to improve economy: Pranab Expressing concern over signs of weakness in the Indian economy, Finance Minister Pranab Mukherjee today said the government is set to announce certain measures on Monday to improve market conditions in consultations with the Reserve Bank. He said the Department of Economic Affairs had consulted with RBI Governor D Subbarao about the measures to be taken in this regard. "We will be able to take certain measures to be announced on Monday which will improve the market condition," Pranab Mukherjee said. "GDP is at 6.5%, there is inflationary pressure, there is depreciation of rupee. There are no doubt signs of weakness in Indian economy," the minister said, adding, "I am concerned but not depressed". "When the world is in turmoil, then a large economy like India cannot stay immune", Mukherjee told reporters. Basic fundamentals are strong in Indian economy, the Minister said, adding that the...
Suzlon Group to sell China unit for Rs 340 crore MUMBAI: Suzlon Group, which controls wind-turbine maker Suzlon Energy, said on Saturday it will sell stake in its China manufacturing unit to China Power New Energy Development Co. Ltd. for 3.4 billion rupees ($60 million). Suzlon, the world's fifth-largest wind turbine maker by cumulative installed capacity, will sell the unit with the majority of its assets and liabilities, it said in a statement. "This is also in line with our previously announced strategy to dispose of non-critical group assets to reduce our long-term debt," Suzlon Chairman Tulsi Tanti said in a statement. "... We are realigning our strategy to the China market with an agile, asset-light business model to achieve the high growth and margins but with lower investments," he said. Suzlon Group established its marketing operations in China in 2005, followed by a wholly-owned manufacturing facility in 2006. The company has till date installed o...
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Suzlon Energy Ltd gets positive review from the S&P MUMBAI, JUNE 21: A total of 21 of the 56 companies holding an outstanding of $5 billion foreign currency convertible bonds (FCCBs) maturing in 2012 are likely to default on redemption payment, according to an S&P report. The companies that could default include Moser Baer, Hotel Leela Ventures Ltd, 3i Infotech Ltd, GTL Infrastructure Ltd and Great Offshore Ltd, said S&P. Twenty four companies will have to restructure their bonds to avoid the default (the rest have paid off), the report said. FCCB, a convertible bond issued in a foreign currency, is a mix between a debt and equity instrument. “Perhaps, only five of these 48 companies are placed well enough to pay off their FCCB debt, said Mr Vishal Kulkarni, Associate, Corporate Ratings, S&P. While seven companies including Suzlon Energy Ltd, ICSA India and First Source Solutions Ltd are likely to restructure with features of distressed exchange, the report said...
JPMorgan upgrades Indian equities to 'overweight' MUMBAI: J.P.Morgan upgraded Indian equities to "overweight" from "neutral", despite acknowledging the risk factors facing the economy, encouraged by what it called a number of more positive factors including historic valuations. The bank said its year-end target for the BSE index was at 19,000 points, a nearly 12 percent upside from current levels. It expects the broader 50-share NSE index to trade in a 4,800-5,200 range in the near-term. Slowing policy reforms, however, remain a hindrance to economic growth and would be key to a recovery, J.P.Morgan said. "If policy actions manage to revive corporate and consumer confidence, growth may accelerate into the second half of the fiscal year," the bank said in a note Thursday. Despite calling the environment "clearly poor," because of risks including slowing economic growth, J.P.Morgan argued Indian valuations are trading at 12 times forward ...
Suzlon bags 21 MW order from Serum Institute Suzlon Energy today said it has bagged an order from Serum Institute of India to supply 10 turbines of 2.1 MW capacity each for captive consumption. Under the agreement, Suzlon will supply, set up, operate and maintain the S88 wind turbines for Serum Institute in Pune, the company said in a statement. With the new order, total renewable energy portfolio of the biotech company Serum Institute will increase to 60 MW, it said. "As an organisation we are committed to the conservation of the environment and are constantly seeking ways to reduce the carbon footprint from our business operations. We see wind as a smart option with its techno-economic maturity and comparatively lower risks," Serum Institute chairman Cyrus Poonawalla said. Serum Institute of India is a leading biotech company and among the world's largest makers of paediatric vaccines as well as of measles and DTP group of vaccines.
WINNING STROKES: THINK DIFFERENT Morning BUY call on Nifty was a read money spinner as the Nifty moved from around 5098 to close at 5165. Those Paid Members and Free Members (in Yahoo Group--SumanSpeaks) who made money in my call, are congratulated. Join the Paid Service, or join my brokerage house and make money. Play in the Nifty futures and make money everyday or carry your position for days, by only paying interested of 1.5% per month. NO SELLING OF YOUR MARGIN POSITIONS/HOLDINGS BY THE BROKERAGE HOUSE (this is a new scheme). The brokerage is at par with www.icicisecurities.com. The subscription to the Paid Service is set to increase further from the 1st November, 2012. Those who will enroll now with get 30% discount on two years, subscription amount (Rs.7000x2 minus 30%= Rs.9800). Those who will enroll in my brokerage house will get further discounts on my subscription (Minimum investment: Rs.2 lakhs). My free call on Suzlon Ltd also did well. The stock moved ...
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The sprawling mansions of the Rashtrapathi Bhavan & the Raj Bhavans are probably the right places to consign politicians/public figures, who have nuisance value or for whom no other use can be found....!!! KOLKATA/NEW DELHI: UPA presidential nominee Pranab Mukherjee today called up dissident Trinamool Congress MP Kabir Suman (formerly Suman Chatterjee, before converting to Islam--for the reasons best known to all.......) who later said that he endorsed his candidature for the top post. Pranab's telephoning Suman drew protest from TMC which accused the Finance Minister of trying to break the party, a charge denied by Congress. "Pranab M directly called up a TMC MP seeking support. Politically ethical to do? Or trying to break TMC? Try & try again. Won't break," Trinamool Congress MP Derek O'Brien said on micro blogging site Twitter. Suman later said the the union finance minister telephoned him to inquire about his health and not to seek his vote. ...