Market Mantra
Morning Buy Call on SEL Manufacturing Company Ltd based on the Aviation and Hotel Story is doing excellently well. The scrip was recommended at around Rs.5.4-5.5 today to both the Paid and Free groups. The scrip could hit the buyer freeze today, as the news is too good. Sometime back, SEL Manufacturing Company Ltd announced that it has acquired 99.88% stake in Omega Hotels Ltd and 51.09% stake in SEL Aviation Pvt. Ltd., thereby making both of the aforesaid Companies the Subsidiaries of M/s. SEL Manufacturing Company Ltd. Omega Hotels Ltd. is implementing a Hotel Project at Agra in the State of Uttar Pradesh and SEL Aviation Pvt. Ltd. is in the business of Aviation Services and holds a Non Scheduled Operator's Permit under the Director General of Civil Aviation, Rules and Regulations. So, when the INR is appreciating against the USD, it is natural that the hotel stocks or hospitality sector should do well. Now there are lot of talks of FDI in aviation, this is expected to give positive momentum to the counter in the next few trading sessions. Moreover, once FDI in retail comes in full bloom, those mammoth companies would source 30% of their needs from the domestic textile players, which it expected to give positive outlook to the company. There are also talks of increasing it to 50% from 30%. CLICK HERE. Today it is moving up with good volumes. For more details on the company one can visit: http://www.selindia.in.
Suzlon Energy Ltd tanks after profit booking was suggested in the counter. From the morning movement it is apparent that the scrip could need fresh triggers to move ahead. Those who have bought with me and made some money, congratulatiosn to them. Today it touched Rs.19.20, in the morning trade giving good returns in a few days.
Today, Koutons Retail Ltd hit another buyer freeze in the opening trade, while V2 Retail Ltd touched Rs.13.25. Pantaloon Retail Ltd did extremely well. The scrip touched Rs.205, intra-day and is menacingly moving up. I think V2 Retail Ltd is heading towards Rs.17-19, in the coming days.
Suzlon Energy Ltd tanks after profit booking was suggested in the counter. From the morning movement it is apparent that the scrip could need fresh triggers to move ahead. Those who have bought with me and made some money, congratulatiosn to them. Today it touched Rs.19.20, in the morning trade giving good returns in a few days.
Today, Koutons Retail Ltd hit another buyer freeze in the opening trade, while V2 Retail Ltd touched Rs.13.25. Pantaloon Retail Ltd did extremely well. The scrip touched Rs.205, intra-day and is menacingly moving up. I think V2 Retail Ltd is heading towards Rs.17-19, in the coming days.
