SumanSpeaks: The Information Super Highway

WINNING STROKES: THINK DIFFERENT: Please Click on the image to expand Today a buy call was initiated in Nifty_Futures at 5276, which did make 5317, during the day. Congratulations to those who made money from this call. The close of Nifty above 5300 is a great news for the bulls. Generally August and September, are good months for the equity markets. I was strongly asking all to buy Bank Nifty today it closed in the green. In future this is one of the best sectors which would give strongest returns to the shareholders.  Buy all the stocks in the retail space, as the government could now bring an ordinance, for FDI in retail in select states, to distract the attention of people. Pantaloon Retail Ltd (Rs.139.70) is one of the best in the space, which can again move to Rs.160-170, in the coming days. I have today asked all in my Yahoo Messenger list to buy all the stocks in this space. In the coal mine allocation issue, I think it is no use to throw stones at each other, as every ...

You Spit on Me, I will do the same to You!! Yes, this is what is going on between the two major political outfits, BJP Vs INC in terms of coal block allocation to private companies. Meanwhile, the CAG has become, the Joker in the Pack, and with its lopsided arguments, has made a mockery of the stated government policies for not choosing an auction route, instead of competitive bidding process. They have stated that the loss in the exchequer could have been more than 10 times of what they have projected, taking conservative estimates. Meanwhile, the government has said that there is no question of cancelling the allocation of coal mines, except 6-7 mines where some anomaly was found in the initial investigation process. Hence, the share holders of Reliance Power and JSW Steel and other companies who received coal blocks are safe as of now. Now the question is from where the loss comes, when the stated government policy is to give mines to the private companies. One constitutional author...

Mr. S K Jain writes Dear Sir,                 Are you a musician/ performer or something likewise? Your site is dedicated to  musicians as well besides a great deal on stock market. It is by chance I surfed the site and was impressed. I am Sushil Jain and have interests in Tabla. My recent presentation has been in Mumbai and Pune recently on 12th  and 14th respectively where in Pt Yogesh Samsi with his two students performed my compositions for more than 2 hours. I belong to Punjab Gharana.  I also wish to invest if you could suggest something. Thanks!! My Reply:   Mr.Jain thanks for your wonderful post and for complimenting my blog.  Yes, people like you actually gives me the inspiration and courage to surge ahead. Hope, I would be able to continue in future too, with the good wishes of all of you.  Now coming to questions, let me answer them in this way:  (i) Yes, I am a ...

Parliament deadlocked for sixth day over coalgate [The loss to the government till now = Rs.25x8x6 lakhs. Can you imagine the loss if it continues for the full session? This amount of money can build a couple of  schools and colleges in a village.....Also,  I feel it is a carefully thought out plan by the BJP to stall the important bills like FDI in Retail, Pension Bill, Banking Laws (Amendment) Bill (which will enable the Reserve Bank of India, the RBI to issue new licences)  etc, to be passed. May be they are waiting for their turn to come, so that they can get, "Mota Maal" from the foreign retailers for passing the bill. Amazing!! It is one of the most irresponsible and unfortunate part of Indian polity---the BLACK-MAILING POLITICS.  “It’s a matter of regret, of even shame, that at a time when serious issues are affecting our people and our country, Parliament is not being allowed to function and fulfil its proper constitutional role and duty,” Ms. Sonnia Gandhi ...

Kirana stores throng big retailers like Future Group, Reliance Retail and others for better margins MUMBAI: At a recent store launch in Aurangabad in Maharashtra, Rob Cissell, CEO of the value retail format at Reliance Retail, chanced upon two customers pushing down overflowing trolleys. A quick chat with them revealed something that Cissell hadn't seen even in China where he had spent three years with Walmart as chief operating officer. "They were kirana shop owners who usually drive over 100 km to buy a wholesale store. (On this occasion) they decided to try out our hypermarket (Reliance Mart). And they said we have better prices and a better range," says an astonished Cissell. Cissel is not the only modern retailer in India who has picked up the trend of kiranawallahs lining up outside hypermarkets for deals on days of discount and bargain offers that are more that what fast-moving consumer goods (FMCG) companies offer them. Future Group's Big Bazaar has noticed ...

Market Mantra Vishal Retail Ltd (V2 Retail Ltd) freezes, as it is now pretty sure that FDI in Retail is now a reality. Also, former President of India, Dr.A P J Abdul Kalam also endorsed FDI in retail. The stock could be moving towards Rs.32-33, in the coming days.  My recommended, U B Holdings Ltd at around Rs.83-88, crossed Rs.100 today. All its targets have been met and now the shareholders can book complete profits in the counter.   Vijay Shanthi Builders Ltd hits the upper circuits in the opening trade. The investors should slowly accumulate the real estate stocks which are doing well.  Buy Reliance Industries Ltd at Rs.786-792,  T--Rs.801-813, SL--Rs.783. The Venezuelan firm Petroleos de Venezuela may ink a long term crude oil supply pact with Reliance Industries Ltd.On the other hand, Reliance Power Ltd, denies financial gains from use of the surplus coal for the Sasan ultra mega power project, in another project.  The drama in the Parliament by t...

Congress, BJP both responsible for Coal Scam, says Team Anna New Delhi, Aug 26: The leaders of the India Against Corruption (IAC) were detained by the Delhi Police here on Sunday. They were trying to hold sit-in protests in front the houses of the Prime Minister Manmohan Singh, the Congress president Sonia Gandhi and the BJP president Nitin Gadkari. While the police said no security breach at the high security zones could be allowed, the protestors said the police used force at the peaceful marchers. The IAC leader Arvind Kejriwal said both the Congress and the BJP looted the country together in the coal scam. He said the BJP and the Congress are two sides of the same coin. Addressing the protestors, he said both the Congress and the BJP will be defeated by the voters in the next elections. He reiterated his demand that the coal block allocations to private players should be cancelled immediately. He asked the Government why there was a delay in cancelling the licences. He alleged...

The Centre is working overtime to roll out FDI in retail ?? Months after the Cabinet decision to open up multi-brand retail for foreign direct investment (FDI) was put on hold, many industry analysts and experts seem to have hardened their stand that FDI in the sector is not as big a reform step as the government is making it appear. Compared with the urgency of other economic reform measures that were on the government’s ‘to-do’ list, retail FDI might not deserve so much attention in isolation, they said. Even as the Centre is working overtime to roll out FDI in retail while the real decision might rest with the states, Arvind Singhal, chairman, Technopak Advisors, often referred to as the poster boy of the Indian retail sector, said the so-called big-ticket measure was “not the most important thing”for the sector. Retail FDI would bring money into the country, but foreign investors may not be in a mad rush to come to India, he said. “There’s no reason that FDI in multi-brand retail s...

We Need Retail Therapy  [ This post is basically to bare the myth of a catastrophe, following FD in retail.........those opposing, are playing with the sentiments of 96% of Indians, who have a right to choice...!! ? "The retail sector is expected to grow almost three times its current levels to $660 billion by 2015. However, in spite of the recent developments in retailing and its immense contribution to the economy, retailing continues to be the least evolved industries and the growth of organised retailing in India has been much slower as compared to rest of the world. Undoubtedly, this dismal situation of the retail sector, despite the on-going wave of incessant liberalization and globalization stems from the absence of an FDI encouraging policy in the Indian retail sector", says a research paper on the subject]. Reforms in India have reached adulthood after a prolonged two decades of adolescent angst. It is about time we realise that with this comes greater responsibility...

Shettar to support Phase 2 of UIDAI Press Trust Of India / Bangalore Aug 26, 2012 Good news for the shareholders of Tera Software Ltd Karnataka Chief Minister Jagadish Shettar today assured the state’s support for the second phase of the Unique Identification Authority of India (UIDAI) project expected to commence from this October. Shettar gave the assurance to UIDAI Chairman Nandan Nilekani when the latter called on on him here. Sources in the Chief Minister's Secretariat said Nilekani informed that the authority had so far issued 14.1 million cards in Karnataka and will take up the second phase in October to enroll the remaining 39.1 million population.Shettar said the government was ready to release the state's share of funding for the project. Chief Secretary S V Ranganath, Principal Secretary to IT and BT Department I S N Prasad were also present at the meeting.

Home prices still high despite rising supply The market outlook for the next week, has been placed at http://sumanspeakspremiumservices.blogspot.in  for Paid Members and for those who are trading through my recommended brokerage house NEW DELHI: Here's P Chidambaram's concerns about a flat housing market is stark numbers: At the end of December this year, as things stand now, nearly 50 million square feet of housing in seven cities, valued conservatively at Rs 21,500 crore will remain unsold (see table below). Ajit Parmar has found out the hard way how this remarkable data affects house-hunters. In the past three years, the Delhi-based brand consultant, who earns about Rs 15 lakh per annum, has made over a dozen failed attempts to buy a house in Noida, a suburb of Delhi. "I keep deferring my plans, hoping that prices will come down in next three months, but it only moves upwards unhindered. I've revised my budget multiple times, and it's now Rs 60 lakh from the ori...

WINNING STROKES: THINK DIFFERENT A buy call was initiated on Reliance Power Ltd at Rs.84-85, for a target of Rs.95, after certain positive developments in the counter. One of them is: the company has entered into a partnership with China Datang Corp for offering operation and maintenance services to power plants in India and overseas. The scrip closed at Rs.86.20, before closing at Rs.86.70. CLICK HERE . Suven Life Sciences Ltd moved to Rs.25.20 before cooling down a bit. The scrip was recommended around Rs.18-18.5 to the Paid Service Members and also to those who are trading through my brokerage house. A buy call was given on Nifty Futures at 5400 for a target of 5430, which I think will be reached with the next week, as the situation in both domestic and international area seems to favour the bulls. The main hurdle, CAG reports has turned out to be a damp squib as the oppostion parties like BJP are also in knee deep mess in the same episode. Their escape of debating the issue in th...

WINNING STROKES: THINK DIFFERENT Suven Life Science Ltd hit the buyer freeze today in late afternoon trade. The stock was recommended to the Paid Service Members last week around Rs.18--18.50. Vjay Shanthi Builders Ltd today moved to Rs.18.90 before cooling down a bit. Once, the interset rate starts teparing off, the stocks in this sector will simply shoot. Anant Raj Industries Ltd moved to Rs.48.70, before cooling a down a bit and closing at around Rs.48.20. The strong was strongly recommended yesterday in this blog. Country Club Ltd came out with good set of numbers speaking sequentially. This is a massive company and the scrip cannot trade at this price. Buy the stocks in the Retail Space. I have already recommended V2 Retail Ltd (erstwhile Vishal Retail) yesterday. The FDI in retail is now a foregone conclusion, as individual states could start lureing foreign retailers after the government passes an ordinance. The telecom company Bharti Airtel Ltd has already tied up with Wall ...

Expose BJP's 'obstructionist' parliamentary tactics: Sonia to Congress MPs At this hour we cannot afford such an irresponsible behaviour from the opposition.....!! NDA  & its allies should Introspect...!! NEW DELHI: Congress president Sonia Gandhi on Thursday met a group of party MPs and agreed with their view that the party should not be defensive about the BJP's demand for Prime Minister Manmohan Singh's resignation over the government auditors' report on coal allocation, one of the MPs said. Gandhi agreed that the Congress should expose the Bharatiya Janata Party's (BJP) "obstructionist" parliamentary tactics, said the MP, demanding that he not be named. The group, which had mainly young Congress MPs, met Gandhi soon after the Lok Sabha witnessed its first adjournment over the BJP's demand and conveyed their anguish at repeated stalling of Parliament's proceedings over the Comptroller and Auditor General (CAG) report. "We m...

When will the current RBI Team be sacked to give in for more Innovative ones??!! [Now there is a Central Bank in India called the RBI whose top office bearers, probably works worst than clerks in government offices: No Innovation, plain Arithmetic: They neither have any vision nor any pragmatism. Is this the way, the central bank bosses should behave, when the economy is sinking in deep crisis? Why will the Governor, already under an extension, be asked to quit? The other office bearers are also no good. It is superfluous to keep this team, after the former FM, quit the office. Let them be replaced with a more pragmatic ones. I would have liked to see Dr.Kaushik Basu as the Governor of RBI and both Dr.Omkar Goswami and Dr.Surjit Bhalla in the dream team. We need their services urgently, when the economy is in mess. Also we need a responsible opposition apart from a vibrant opposition. Is there any need for a Parliament when it is not allowed to function day in and out by irresponsible...

Market snaps two day winning streak Key benchmark indices snapped two day winning streak as global shares slipped on Wednesday as investors weighed up whether signs of progress in the euro zone debt crisis warranted the recent surge and as Japan's wider-than-expected trade deficit in July provided a reminder of the problems facing top economies. The barometer index, BSE Sensex, was down 38.40 points or 0.21%, up close to 45 points from the day's low and off about 65 points from the day's high. The market breadth turned negative form positive in late trade. Index heavyweight and cigarette maker ITC edged higher in volatile trade. Another index heavyweight Reliance Industries (RIL) edged lower in volatile trade. From a recent low of 17,657.21 on 16 August 2012, the Sensex rose 228.05 points or 1.29% in two trading sessions to settle at 17,885.26 on 21 August 2012. The Sensex has gained 610.68 points or 3.54% in this month so far (till 22 August 2012). The Sensex has jumped ...