SumanSpeaks: The Information Super Highway

Mindless acquisitions by SEL Manufacturing Company Ltd At the end of March, 2012, SEL Manufacturing Co Ltd announced that it had 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. Now the questions is: why is SEL Manufacturing Ltd wanting to imitate, Dr.V Mallya, of Kingfisher Airlines? How are hotel business and aviation business related to the Textile business in which it has got expertize? Is it not like chasing the wild goose in the hope of eating different meat? Does it have any prior expertize in running hotels or airlines? If no then why waste shareholders...

EL Manufacturing has firmed up plan to invest Rs.7,000 crore in Madhya Pradesh [Instead of going for further investments, the THUG PROMOTERS should start paying dividend to the shareholders. All the profits generated are either eaten up by the promoters and the working staff or is used for expansion. There should be laws in India, to send these kinds of dishonest promoters to the place where they best deserve. The shareholders have no t been rewarded for years, while the promoters are eating away most of the profits and is sucking the company, inside out. They are building the assets of the company, which they will sell at some point of time, show them as other income and pocket the cash (Remember another thug group, Essar Oil Ltd?). Since, this will be shown as other income therefore the share price would not react much and the shareholders will again be cheated. In the process they are increasing equity capital which will rob the EPS of the company, because the promoters (and ...

RBI sings growth tune as FM sets fiscal road map   Market hopeful of cash reserve ratio, interest rate cut today BS Reporters / Mumbai/ New Delhi The finance ministry and the Reserve Bank of India (RBI) seem to be in perfect sync. Hours after Finance Minister P Chidambaram pledged to nearly halve the fiscal deficit to three per cent of GDP by 2016-17 and hinted the central bank should take the cue, the RBI said the monetary policy might respond more effectively to growth concerns. Earlier on Monday, Chidambaram said the FY13 fiscal deficit would come in at 5.3 per cent of GDP, up from the Budget target of 5.1 per cent. “I sincerely hope that everybody will read my statement and take note of that,” Chidambaram said in response to a query on whether the RBI would cut rates. In its review of macroeconomic and monetary developments for the July-September quarter released a day ahead of the second quarter review of the monetary policy, the RBI said “as macro risks f...

WINNING STROKES: THINK DIFFERENT My recommended Pradip Overseas Ltd hit the buyer freezez in the mid-afternoon trade. The scrip was recommended to the Paid Group members only some days back. I have asked all of  you to accumulate the stocks in the textile sector long back. Glodyne Technoserve Ltd moved to Rs.59.50, before cooling down a bit. In the recent sharing holding pattern the promoter's holding has come down  to 47.85% because of selling and also due to invoke. The company is coming  up with results on the 1st week of November, probably and therefore let us hope for the best. As I mentioned earlier, the company is on the verge of getting a large order. Government of Maharashtra - Labour department and Glodyne Technoserve Limited had under the public private partnership initiated the first of its kind and largest Labour Management System, ‘Mahashramm’ in the State. The pilot of the project had been completed in the district of Thane and the state wid...

WINNING STROKES: THINK DIFFERENT Glodyne Technoserve Ltd hit the buyer freeze, yesterday as expected, as it closed at Rs.57.30, with a huge volume. The shares had earlier fallen to some abnormal levels, before the value investors started to accumulate it gauging its  potential both from the point of view of short and medium term, perspectives . Glodyne Technoserve Ltd is basically a player from the Tech IMS space, where it rubs shoulders with the giants like TCS Ltd, Wipro Ltd, HCL Ltd and a comparatively smaller players, Allied Digital Services  Ltd---in fact TCS Ltd and HCL Ltd has a very strong footing in this space. Glodyne Tech has very strong presence in the e - governance space in India. It is already providing technological support for NREGS programme, in Bihar---another domestic order is also on the cards, which is expected to take its order to around Rs.1000 Cr by the end of FY13. Few years  back (2009) it acquired Broadllyne Technologies Ltd, a Managed Appl...

WINNING STROKES: THINK DIFFERENT Today morning call Pantaloon Retail Ltd at Rs.184--185, shot to Rs.190 plus in the intra-day trade. After Store One Retail Ltd and Pantaloon Ltd, all eyes are now on Vishal Retail Ltd.  A buy call was initiated in Reliance Communications Ltd at Rs.58, for the short term. I think many of the shareholders have forgotten that Reliance Infratel and Reliance Digital TV comes  under Reliance Communications. In case of Reliance Digital TV, rigorous program management framework for capex and opex cost efficiencies has been undertaken.  Reliance Digital TV (DTH) has 4.4 Mn. subscriber as of June 30th, 2012. Industry’s 1st offerings of its kind - All the 250 channels are in High Definition like quality. Settop box and Content are being mooted. Digital viewing experience will create revolution in TV entertainment platforms. On the other hand Reliance Infratel, has huge potential of value unlocking for Reliance Communication shareholders....

FIIs holding in Nifty stocks at six-year high Cheap money in the US and Europe contributes to the trend as foreign funds chase firms less prone to global shocks While promoters’ shareholding in the Nifty companies, at 47.90%, is at a three-quarter low, that of the domestic institutional investors is at a five-quarter low of 12.42%. Photo: Mint M umbai: Foreign institutional investors’ (FIIs) shareholding in Nifty companies rose to the highest in at least six years in the quarter ended September even as public shareholding fell to its lowest in as many years as retail investors continued to stay away from the market while foreign funds chased companies that are less prone to global shocks. Cheap money in the US and Europe and a surge in global liquidity seem to have contributed to the trend. FII shareholding in 44 companies of the National Stock Exchange Ltd’s bellwether Nifty-50 index, at 18.38% of the total equity, is the highest in at least 25 quarters, according to data pro...

India a tough place for doing business: World Bank R eport The Government should give incentives to the equity market participants, so that money does not flow into gold and real estate, creating a bubble like situations, in these two sectors.The government should act fast, as the "Reform Express" is still struck on the middle of the road. India continues to be a tough place for doing business even as the country has improved regulator processes for starting enterprises and trading across borders, according to World Bank and IFC. In terms of ease of doing business, India is ranked 132nd among 185 countries. The nation's position for 2013 is unchanged from 2012. Singapore is at the top position, followed by 'Hong Kong SAR, China' at second place and New Zealand at third spot. Other nations in the top 10 are the US (4th), Denmark (5th), the UK (7th), Norway (6th), Korea (8th), Georgia (9th) and Australia (10th). India is the lowest ranked among BRIC nations. ...

New textile policy brings in Rs . 3,800 C r investment Mumbai, Oct. 22: The textile sector is on the upswing in Maharashtra due to the new textile policy. Since April, the State has managed to attract Rs . 3,834 crore in investments in 411 new textile projects, said State Textile Minister Arif Naseem Khan on Monday. Addressing the media after reviewing the process of policy implementation, Khan said that the new projects would provide about 30,000 jobs in the State. Most of the investment has happened in cotton spinning and ginning units. Textile companies are keen to set up units in Vidarbha, Marathwada and the Khandesh due to the ready supply of cotton, he said. “Due to the policy, the sector is likely to get Rs . 40,000 crore investment in the next five years and generate employment for 11 lakh people,” Khan said. Khan said that the policy was not a single-window policy but a ‘zero-window policy,’ in which projects would not come to the Government for clearance, The due dilige...

Govt may raise white sugar import duty to 20% The decision is likely to be taken in 10 to 15 days, says food minister KV Thomas I have recommended Shree Renuka Sugar Ltd (BSE Code: 532670) at Rs.34, T--Rs.37, SL--Rs.31, to the Paid Group members and also in Facebook (SumanSpeaks). The FIIs have hiked their stake in the company speaking sequentially.. New Delhi: The government may consider doubling the import duty on white sugar to 20%, food minister K.V. Thomas said on Thursday. The minister also said the import tax on raw sugar could be abolished. “We have different proposals on sugar,” Thomas told reporters. “One of them is to raise import duty on white sugar to 20% and scrap the duty on raw sugar.” These could happen in 10 to 15 days, the minister said. India, the world’s biggest producer after Brazil, imposes a 10% tax on overseas purchases of sugar. Courtesy : www.livemint.com

Market Mantra The blog for Paid Members and those who are  trading through my recommended brokerage house: http://sumanspeakspremiumservices.blogspot.com has been updated. Kohinoor Broadcasting Corporation Ltd hits the buyer freeze in the opening trade, ahead of the completion of the digitilization process. Those who  are still hesitant to pick  up stake in the company might be missing life time opportunity to either take fresh postions (those who exited at the SL) or for averaging. I have already placed a report at: http://sumanspeaksplus.blogspot.com. Today, morning a BUY call was given in Reliance Communications Ltd at Rs.59.70, the stock already moved to Rs.60.35, in the intraday trade. Through a series of aggressively priced plans, RCOM is trying to increase the data usage which in turn may help this telecom provider to push its ARPU (Average Revenue per user) northwards. CLICK HERE . Tulip Telecom L td tanked after, profit booking was suggest ed in the co...

Textile, pharma, personal care sector to get astro support: Satish Gupta ~~By Satish Gupta of http://astrostocktips.in     The Paid Blog : http://sumanspeakspremiumservices.blogspot.com, has been updated   Weekly planetary position: During the week, Moon will be transiting in Capricorn & Aquarius. Lord Saturn & Mercury in Libra.   Rahu & Mars in Scorpio, Pluto in Sagittarius, Uranus in Pisces.  Neptune in Aquarius. Jupiter & Ketu in Taurus.  Sun in Libra.  Venus in Leo. Mercury will shift to Scorpio & Venus to Virgo on October 23, 2012. Following sectors will be getting astrological support: Textile : Arvind, Century, Raymond & Garden Silk etc. This sector was also predicted last week and during the week, Century, Arvind and Garden Silk moved up by 4.2 - 10%. Pharma : Sun Pharma, Lupin, Biocon, Dr Reddy etc. Financials : PFC, REC, IFCI, IDFC, Sri Ram Transport etc. Personal Care sector i.e.; Hi...

Alok Industries recognized by export body October 19, 2012 : Alok Industries Ltd has informed that the company has received the following Awards from The Cotton Textiles Export Promotion Council (Texprocil) for the year 2011-2012. a) Gold Trophy for Highest Exports of Bleached/Dyed/Yarn Dyed/Printed in Fabrics Category; b) Gold Trophy for Highest Exports of Bed Linen/Bed Sheets/Quilts in Made-ups Category; and c) Silver Trophy for Second Highest Global Exports Category; The Company's wholly owned subsidiary company viz. Alok Realtors Private Limited has contracted to sale 14 1/2 floors at Tower B building, Peninsula Business Park, Lower Parel, Mumbai and received a total amount of Rs. 138.64 crores till date. Out of the above, Agreements for Sale in respect of two floors have been completed and full consideration received against these two floors. Courtesy : Fibre2Fashion

Market Mantra Tulip Telecom Ltd which was recommended a couple of days back around Rs.38--39, hits another buyer freeze. Congratulations to all those who bought the scrip.  There are some good news coming in Glodyne Technoserve Ltd (BSE Code: 532672), in a short time so keep accumulating the scrip in all declines. CMP--Rs.64. The company has a good order book position. There is absolutely no problem in the company, as per my sources.  My yesterday's Nifty call: Buy Nifty_Oct_Futures at 5660, T--5710, SL--5620, reached its target today. S EL Manufacturing Company Ltd whose name was mentioned here only a couple of days back, hit the Buyer Freeze in the late afternoon trade. Only 850 shares are there in the market. The stock is moving up huge volume, after  BULL ATTACK.  Reliance Communications Ltd which was recommended today to the Paid Group Members at Rs.60.20, is now trading at Rs.62. Reliance Communications Ltd, got a favourable ruling from TDSAT, which di...

WINNING STROKES: THINK DIFFERENT Aarvee Denim Ltd recommended on 13 th October, 2012, at around Rs.41.15, to the Paid Group members, hit the buyer freeze yesterday and closed at Rs.51.30. The following was the chartical analysis presented on that day to the Paid Group members on the Paid Blog: http://sumanspeakspremiumservices.blogspot.in. The much expected rally in the textile sector has begun, therefore now I am expecting a rally on SEL Manufacturing Co Ltd and Alok Industries Ltd. This was the Chartical Analysis Sent to Paid Group Therefore either join my brokerage and get Free Paid Service for 2 years or join my Premium Service, to remain ahead of others. In this kind of market condition it is virtually suicidal to play, without the help of experts. The markets are so tricky, that even for the experts it is becoming difficult to make money on  a regular basis. In short it is very difficult to make money from the markets now, unless you have a control of both the Funda...

WINNING STROKES: THINK DIFFERENT The government should announce more incentives for the Equity Market, to attract the retail investors, whose population has dwindled over the years. Or else the money would flow, in the  other sectors like Gold, Real Estate, etc, which I believe are already in a bubble stage. Glodyne Technoserve Ltd which was asked to be accumulated today, hit the buyer freeze in the opening, trade on the positive news that one of the promoters is in overseas for some deals. The company's annual report is expected to come in the last week of November or by the middle of December, 2012. The company is doing reasonably well, but the share price came down basically due to pledged share issue, which is more or less solved now. I think at Rs.69, the stock has already made a bottom and it should move up in the coming days---the upper targets could be Rs.92-95.   A buy call was initiated in Nifty_Futures today keeping XXX, as the stop loss. Those who have inves...

Rangarajan panel favours sugar decontrol It also favoured a free import-export regime, with duty of up to 10% against the practice of a blanket ban or quantitative restriction BS Reporters / New Delhi Please Click on the Photo to Expand The Rangarajan committee on Friday presented a road map for phased decontrol of the highly regulated Rs 80,000-crore sugar industry by suggesting removal of the levy obligation, release mechanism and having a uniform, revenue-linked sugarcane price. It also favoured a free import-export regime, with duty of up to 10 per cent against the practice of a blanket ban or quantitative restriction. The committee was set up in January this year, chaired by C Rangarajan, chairman of the Prime Minister’s Economic Advisory Council. Stocks of top sugar companies, which had rallied earlier on anticipation of a positive report, ended in the green on Friday, too. At the Bombay Stock Exchange, Balrampur Chini gained over two per cent to Rs 70.05, Dhampur...

Sugar shares in demand Shree Renuka Sugar Ltd moved to Rs.37.90, before closing at Rs.36.30 Thirteen sugar shares rose by 0.06% to 6.1% at 13:37 IST on BSE on reports a committee has recommended scrapping the mandatory norm of buying 10% of sugar mills' output for supplies to the poor. DCM Shriram Industries (up 6.1%), Simbhaoli Sugars (up 4.98%), Dhampur Sugar (up 4.33%), Rana Sugars (up 4.26%), Oudh Sugar Mills (up 2.8%), Sakthi Sugars (up 2.58%), Balrampur Chini Mills (up 2.48%), Empee Sugars (up 1.8%), Bajaj Hindusthan (up 1.54%), Dwarikesh Sugar Industries (up 1.13%), Triveni Engineering & Industries (up 0.85%), Shree Renuka Sugars (up 0.54%) and EID Parry India (up 0.06%), edged higher. The BSE Sensex was down 64.45 points, or 0.34% at 18,740.30. According to reports, the panel headed by C. Rangarajan, who is also the chairman of the prime minister's economic advisory council, has submitted the report to Prime Minister Manmohan Singh, recommending to lift curbs ...

CAN YOU GUESS THE NAME OF THE COMPANY FROM THE HINTS GIVEN BELOW? (i) The Price Band of its IPO in July, 2007 was Rs. 80 to Rs. 90 per Equity Share of face value of Rs. 10 each. (ii) The CMP of this scrip from the TEXTILE sector is Rs.5.05, with a Market Cap of only Rs.167.33 Cr against its current equity capital of Rs.331.35 Cr. (iii) The Book Value : Rs.39.03, P/E: 2.09, Industry P/E: 15.55.  Quoted Investments : Rs.30, 67, 555 and Unquoted Investments: Rs.174, 36, 45, 300.  Investment in Mutual Funds ( Unquoted ): Rs.35,00, 000.  Investment in Partnership Firms : (a) Share in Kudu Industries: Rs.46,938,432 (b) Share in SE Exports: Rs.60,036,297.   Fixed Assets : Gross Block: Rs.21,008,647,769 and Net Block: Rs.19,065,057,466, as on 31-03-2012, against a market cap of only Rs.331.35 Cr. (iv) EPS: Rs.2.42. For June Quarter, EPS: Re.0.82 (Re.0.67) and OPM: Rs.19.17% (13.46%). FY12, EPS: Rs.8.47. (v) It is a vertically integrated textile group, with a pr...

WINNING STROKES: THINK DIFFERENT The mid afternoon call on Nifty_Futures: "Buy Nifty_Futures above 5670, T--5705, SL--5640.....this call is valid only till tomorrow"..............was a super duper hit as even the Nifty (spot) closed above the target price. Join my Paid Service or my recommended Brokerage House, to enjoy such calls, FREE of CHARGE. for couple of years. In case of brokerage house, the brokerage is at par with ICICI Securities Ltd--so those who are trading through ICICI Securities should not have to worry much. Besides that account opening is also FREE. for those who have a minimum portfolio of Rs.2 lakhs.  Kohinoor Broadcasting Corporation Ltd, which is expected to be multi-bagger going forward (Please read a brief report on the company at: http://www.sumanspeaksplus.blogspot.in) today closed near the upper freeze. Investors should accumulate the scrip with style.  Morning call on Shree Renuka Sugar Ltd at around Rs.35 touched Rs.36.95, in...

Kohinoor Broadcasting Corporation Ltd & KBC News Kohinoor Broadcasting Corp Ltd's ultra Modern office at Rajpura The company (Kohinoor Broadcasting Corporation Ltd) launched its maiden TV Channel KBC News, last year but many ignorants do not want to believe the story. Many, still think that the company's promoters are still giving out smokes instead of fire. Hence, I thought to clarify the same, from a shareholder's point of view so that some of those, fuddy-duddy marketmen, could be reversed back to the original mode.....Huh!! The stock is now at Re.0.68 (68 paise), after hitting repeated circuits from Re.0.45. The channel will be available on Pan India Basis, within the next 6 months and also if possible it would create an overseas platform for it.....It is more or less a regional channel now. Another Channel KBC Plus or KBC Gold will soon follow the suit, which is expected to have a pan India presence from the beginning. According to my close sources one of t...

THIS WEEK'S BEST COMPLEMENT: THANKS Dear Suman,                      Nice of the time you look at.  Sorry, I could not ,even, thank for your advising-message sent to me earlier.  Your blog has created interest as such that I am eager enough to surf regularly. .Believe, your deliveries are marvelous. Compilations and illustrations all incredible.These equally tilt the pan of your knowledge, your dedication to procure material in support of your delivery and expression in as much as you have deep knowledge in Music. I am confident that subscribers connected to you might be feeling each day, a Mondayish and enjoying fruitful outcome, from their investments as I have, too, though a bit little in quantum. My sincere good wishes to you as well as to your subscribers. Sushil k Jain, Note : Mr. S K Jain is a Renowned Musician of Punjab Gharan. Some months back, in pr...

The digital cable revolution From November 1, cable televisions in India's 4 metros will be hooked up with digital set-top boxes ~~Surajeet Das Gupta If all goes according to plan, all cable televisions in India’s four metros will soon be hooked up with digital set-top boxes, changing the economics of the industry forever. Broadcasters have every reason to rejoice now. From November 1, the 10.5 million cable households in the country’s four metros will not be able to watch TV without a digital set-top box. This has huge ramifications for broadcasters beaming out their services in Delhi, Mumbai, Chennai and Kolkata. Today, they get less than one-third part in the Rs 1,450-crore pie that represents their share of subscription money that customers pay, largely because of rampant under-reporting of the number of subscribers. But, that will all soon be history. “Digitisation will fundamentally change the broadcasting business, it will plug the leakage in subscrip...