SumanSpeaks: The Information Super Highway

WINNING STROKES : THINK DIFFERENT Glodyne Technoserve Ltd was given a buy to the Paid Group on last week at Rs.4.92, on some optimism. The scrip today, closed at Rs.5.25 up 4.58%. D B Realty Ltd was given a buy at Rs.53-54, for a target of Rs.61-62, on 27th March, 2014 to the Paid Group members and to those who are trading with my recommended brokerage house. The scrip today achieved its first target of Rs.61 (made a  high of Rs.61.10) intra-day.  Mcnally Bharat Engineering Ltd which was recommended around Rs.53-54 on 26th March, 2014 to the Premium Members , today touched Rs.73.10, intra-day. Its 4-5 months target was given Rs.77-78 at that time, but the way the scrip is aggressively moving up,  it seems the target will be achieved much earlier. Please Click on the Chart to Expand  Today, IVRCL Ltd was recommended at Rs.12.78-12.84, the scrip touched Rs.13.29, intra-day before closing down at Rs.13.21. The scrip would cross Rs.16-17, in the next fe...

Jaiprakash Power Ventures Ltd : Buy CMP: Rs.14.25 Introduction : Jaiprakash Power Ventures Ltd is an Indian power company, incorporated on Dec 21, 1994 and is a part of India’s leading Infrastructure conglomerate - Jaypee Group. It currently operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission. The Jaypee Group is a diversified infrastructure conglomerate in India with interests in Civil Engineering and Construction, Cement, Power, Real Estate, Expressways, Hospitality, Golf Courses, Sports and Education (not-for-profit).  Financials : Jaiprakash Power Ventures’ (JPVL) reported net loss of Rs.150 Cr in Q3FY14, which were mainly due to seasonal lower hydro-electric generation and under recovery of fixed costs at Bina.  Vishnuprayag hydro plant (VHP) remains shut but the management expects to bring it online by next April, 2014....

Loosening import duties on gold may spike demand As the general election in India nears to close, Indian jewelers have crossed their fingers anticipating that the new government may take steps in relaxing the import rules imposed over the year. With the wedding and festive seasons at full swing in India gold demand for jewelry may spike in the coming days. Jewelers in India are expecting axing of 10% import duty so that they can supply enough jewelry this season. Due to the stringent import regulations in 2013, Indian jewelers had to face immense supply crunch of stocks which made it difficult to satisfy the rising demand. Commenting on the expectation of the rebounding of India’s Gold import, Mr. T.S Kalyanaraman, the chairman of a South India-based jewelry – the Kalyan Jewelers expressed his belief that the new Government may relax the import curbs very soon so that the jewelry industry would recover. While addressing the media, Kalyanaraman said that a recovery of gold shipmen...

Sensex, Nifty scale fresh record high Key benchmark indices edged higher and hit fresh record high, with the market sentiment boosted by data showing that foreign institutional investors (FIIs) made substantial purchases of Indian stocks on Wednesday, 26 March 2014. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit lifetime high on intraday basis as well as on closing basis. Stocks turned volatile during the latter part of the trading session as traders rolled over positions in the futures & options (F&O) segment from the near-month March 2014 series to April 2014 series. The near-month March 2014 F&O contracts expired today, 27 March 2014. The Sensex garnered 119.07 points or 0.54%, off close to 95 points from the day's high and up about 120 points from the day's low. The market breadth, indicating the overall health of the market was positive. The Sensex rose for the second day in a row today, 27 March 2014. From ...

Winning Strokes : Think Different The Nifty as expected got jolted at 6673.95, as 6675 turned out to be  resistance on the upside, as was mentioned in the Paid Blog on Monday. Paid Members, were asked to book profits on Nifty longs, which I am sure most  had done, get good profits on their investments. Moreover, Mcnally Bharat Engineering Ltd (BSE Code: 532629) which was recommended yesterday to the Paid Groups around Rs.52-53, today touched Rs.65 (more than 20% return in just two days), before closing at Rs.61.20. Join the Paid Service, to  cover your losses and get guidance during the market  hours. Also, if you  join  my recommended brokerage house with a minimum portfolio size of Rs.1 lakhs, then you would get the Premium Service Free of Charge. Those who have already applied for the same, please give me a day or two to process your request. Today, D B Realty Ltd was recommended at Rs.53-54, the scrip reached Rs.55, intra-day. The ne...

India’s unprecedented appetite for gold : The Indian lust for gold is commonly ascribed to high inflation Mar 25 2014: As the decade-long surge in gold prices moderates, trends ahead may help explain India’s unprecedented appetite for the metal in recent years. To what extent was this driven by the global boom? And how much did domestic factors like inflation contribute? Disentangling the respective roles could offer useful lessons for future economic policies. The issue is of interest from an Indian perspective, for past inflation episodes haven’t been accompanied by such a large-scale shift towards gold as has happened since 2008. Gold imports grew 42% annually in 2008-12, shrinking 2% in 2012-13 as import duties were raised to narrow the current account deficit. In the same period, global gold prices increased an average 27% annually, in large part fueled by the creation of global liquidity by advanced countries’ central banks. Gold is priced in dollars, so when the dollar’s...

Plot Land in Mumbai (Bombay) For Sale Photo : Juhu Beach, Mumbai ( Bombay)   The Details of the Plot of Land in Juhu (near Andheri):   ## Area:- 4365 sq ft. ## Its an Open Plot on a prime location near Juhu Gymkhana & Mr.Amitab Bachchan's Old Bunglow. Its on Road No 12, Plot No.64. All papers Are Available On the Table. ## Cost of the Plot: Rs.35 (Thirty Five) crore (not Negotiable) and it is for outright sale.  If anyone is interested in buying the plot please do ping me at: suman2005s@rediffmail.com. 

WINNING STROKES: THINK DIFFERENT IBM designed and is building the largest  data center in India for Tulip Telecom Ltd. to deliver new cloud and networking services to its customers. Image credit: IBM Morning recommendation to the Paid Group Members , was Ahmednagar Forgings Ltd (BSE Code: 51335) at Rs.120-124. The scrip zoomed to Rs.133.50 in the BSE and Rs.133.80  in the NSE intra-day, to settle at Rs.130.95 in the BSE and Rs.131 in the NSE, at the end of the day. The Bombay Stock Exchange website, www.bseindia.com has probably gone for a toss, as one might not get the quotes of almost half of the shares listed in the BSE. Join the Paid Service or my recommended Brokerage House, to get all sorts of Calls in the stock market, both in the cash and in the F&O market. Also, if you have made losses in the market, then start investing in the market now and cover up all your losses through some smart trades.  Now as long as Nifty_Spot does not cross 657...

Sensex, Nifty eke out small gains 21-Mar-14: Key benchmark indices registered with small gains after moving in a narrow range in intraday trade. The barometer index, the S&P BSE Sensex, garnered 13.66 points or 0.06%, off about 115 points from the day's high and up close to 25 points from the day's low. The market breadth, indicating the overall health of the market was positive. The Sensex has risen 633.63 points or 3% in this month so far (till 21 March 2014). The Sensex has risen 583.07 points or 2.75% so far in calendar 2014 (till 21 March 2014). From a 52-week low of 17,448.71 on 28 August 2013, the Sensex has risen 4,305.04 points or 24.67%. From a record high of 22,040.72 on Tuesday, 18 March 2014, the Sensex has lost 286.97 points or 1.3%. Coming back to today's trade, tyre stocks jumped, with Apollo Tyres, CEAT and MRF hitting record high. Metal and mining stocks edged higher on renewed buying. The market edged higher in early trade on fir...

Curbs on gold import norms leading to smuggling : Sharma [Editor: Mr.Sharma says, "There need to have a balanced approach on the matter". Meanwhile, Bullion Vault wrote on 20th March, 2014: Opposition BJP leader Narendra Modi last September gave his support to jewelry manufacturers and retailers demanding easier rules, winning the support in return of trade body the Bombay Bullion Association (now the India Bullion and Jewellers Association).  "Modi has said that any action on gold should look at the interests of the public and traders," says the Times of India, "not just economics and policy.   The new government, likely to be led by Modi," says a separate report from global credit-ratings agency Moody's, "offers a chance for better governance"] Mr.Anand Sharma New Delhi  March 21, 2014: Commerce and Industry Minister Anand Sharma has favoured a review of curbs on gold import norms saying the restrictions are leading to smuggling...

Reduce gold import duty to curb smuggling : Assocham [ Editor : The Economic Times on 21st March, 2014 reported that  Livelihood of over 75 lakh jeweler families in West Bengal (WB) is threatened due to heavy custom duty on gold imports resulting in a minimum 7-10 days delay in procurement of the yellow metal, according to Assocham's Eastern Region Gems and Jewellery Council chairperson, Mr Shankar Sen. The government of India therefore, should stop its vindictive attitude towards a particular sector, especially when the Indian CAD has come down substantially]  Ahmedabad, March 21: Apex industry body Assocham on Friday urged the Finance Ministry to reduce duty on imported gold to five per cent to check unprecedented surge in gold smuggling from the porous borders of Nepal and Bangladesh that have emerged as transit points for smuggling the yellow metal into India. Emphasizing the need to cut import duty from the existing 10 per cent, Assocham Secretary-General D S...

WINNING STROKES : THINK DIFFERENT The Nifty as expected did not move anywhere today hovering between 6485.70 and 6522.90 during the whole trading session finally settling at 6493.20. The markets are still confused as to who is going to form the next government and this would continue till the NDA comes up with some solid strategy, which shows that they would be in the charge of the affairs in the coming elections. However the action would be seen mostly in the small and mid cap space, some of which are still near their 52-week lows. Chartically speaking, the inability of Bulls to cross 6565--6570 ranges and the Nifty closing below 6500 is a sign of weakness. The longs should therefore be strictly avoided and risk taking traders can even go for shorts taking 6570 as the SL.  As expected Shree Ganesh Jewelry House (I) Ltd today moved to Rs.26.70 before closing at Rs.26.50 (21 DSMA) in the BSE, just near the day's high. Also, this is above its 21 DEMA which is placed at Rs.26.13...

India's gold jewellery exports turn to uptrend ~By Siddesh Mayenkar Thu Mar 20, 2014: Gold jewellery exports from India rose for the first time in the fiscal year last month, helped by better availablity of gold, and industry officials said this trend will gain pace in coming months with more banks importing. India's jewellery exports had been hit by limited gold supplies after it curbed imports to bring down a current account deficit. After falling more than 50 percent since the start of the year, jewellery exports edged higher by one percentage point in February to $718.36 million from a year earlier, the Gems and Jewellery Export Promotion Council (GJEPC) said. "The comfort level of availability of gold has increased and more supplies will come with new banks coming on board," said Pankaj Kumar Parekh, vice chairman of GJEPC. He said the positive trend will continue in coming months. India has allowed five domestic private sector banks t...

Government starts easing gold import curbs Mr Nilesh Parekh, Chairman, SGJHL, [ Editor : One of the biggest beneficiary of such a move will be Shree Ganesh Jewelry House India Ltd (SGJHL), because it is a 4-star export house. According to my sources, a hike in import duty can be passed through, by it is the import curbs which created problems for most of the export oriented Jewelry  houses. This bottleneck is expected to come down slowly as the UPA government brings in a serious of positive measures. Today, the scrip reacted positively to the news and closed at Rs.25.60 up 1.59%. Now, if a positive outcome comes on 24th March, 2014, the scrip could shoot and reach Rs.41-42 in no time. Because after it gets nod for the CDR Scheme, the company is likely to start its expansion plans once again. It is to be noted that the Hindu Business Line reported on March 19, 2012 that  Shree Ganesh Jewellery House Ltd (SGJHL) bagged a 25-MW solar power project in Odisha , which i...