SumanSpeaks: The Information Super Highway

WINNING STROKES: THINK DIFFERENT Shares of Financial Technologies Ltd (Rs.228.30) surged to Rs.235, intra-day after the company stated that it concluded renegotiation of technology supply agreement with Multi Commodity Exchange of India (MCX). There was a big crash in it's share price after the NSEL scam. The stock, should be crossing Rs.300 in the coming days. In other words, Financial Technologies should come back to focus again after a re-agreement with MCX for technology supply. IVRCL Ltd (Rs.15.85) was recommended today as a fresh buy at Rs.15-15.50, for a target of Rs.21. The scrip surged to Rs.16.30, intra-day. The company has an order book of  more than Rs.20, 000 crore and it is implementing the CDR package.  Pipavav Defence and Offshore Eng Ltd  today closed flat at Rs.38.40.  According to the media reports, the government of India is mulling various options, which include lower bank interest rates, infrastructure status to shipyards, a separate fu...

Pipavav Defence and Offshore Eng Ltd (PDO): Seems Temporary Bottom has been Formed Company Overview : 1. Pipavav is India‟s first world class Defence, Ship Building & Offshore Infrastructure Company. 2. Pipavav is India‟s first private company to get License and Contracts to build warships for the Indian Navy. 3. Pipavav is the first company in the country to have been approved as a partner of choice by Mazagon Docks to build frontline warships, to help them liquidate their multi billion dollar contracts. 4. Pipavav owns the country‟s first and only Modular Shipbuilding Facility with the largest Dry Dock, armored with the country‟s first fully scalable and expansion accommodating capacity. 5. Pipavav owns the country‟s only facility capable of accommodating the largest Aircraft Carriers and other strategic vessels for docking, maintenance and repair. 6. Pipavav has an undisputed upper hand in terms of Infrastructure, Team on the ground and critical Technology ...

WINNING STROKES: THINK DIFFERENT The Nifty as expected got support at around 7850, during intra-day--this was mentioned to the Paid Groups during the market  hours. The Nifty was trading at that time at 7870. The Nifty closed the day at 7968 up 57 points. The risk taking Nifty traders might have money in this call of mine.  Country Club (I) Ltd (Rs.12.68), which has  established 205 properties of which over 55 are owned and 175 are franchised plus a global gateway via Country Vacations and RCI affiliation of 4000 resorts for its esteemed members, has probably formed a temporary bottom, as it bounced from the 21DEMA. The candle stick chart pattern is likely to get confirmed (of Bullish formation) in the coming days. The company is (Undivided) Andhra Pradesh based, where the property prices are shooting over the roof, especially in and around Vijayawada. The next target for the scrip is Rs.15. A break out above Rs.16.25, can take the scrip to around...

NEW SCHEME FOR TRADERS Photo : Getting You Rich I am thinking of coming up with a new scheme where there would be scopes for monthly returns, on a regular basis. There traders should put a minimum seed capital of Rs.2 lakhs which will be played only in FUTURES market (not options). Any amount of profit generated would be taken out of the demat account on T+3 day and shared between you and my firm, in the ratio of 50:50.  Hence, whether the market moves up or down, the money could be generated on a consistent basis. I think in this way, 5-10% return on the capital invested could be generated, per month. Any additional return would also be shared in the same ratio.  Moreover, intra-day trades could be done in some scrips, like today J P Associates Ltd (RS.26) fell by more than 10%. These kinds of bullet trades in ONE DAY could make up for the whole month's income. The target should be to generate a minimum of 5-10% per month. If anyone is...

PM Narendra Modi's 'Make in India' pitch to extend red carpet for investors Photo : The Bricks Post Sep 25, 2014, NEW DELHI: Prime Minister Narendra Modi will on Thursday roll out a red carpet to industrialists, both domestic and international, inviting them to make India a manufacturing hub that will help boost jobs and growth.  Before he embarks on his high profile US visit slated from September 26-30, Modi will launch the 'Make in India' campaign at a mega event here on Thursday in the presence of leading industrialists and business leaders.  The campaign is aimed at making India a manufacturing hub, and the government is pulling out all the stops for ensuring a smooth sailing for investors, by setting up a dedicated cell to answer queries of business entities within 72 hours. It will also closely monitor all regulatory processes to make them simple and reduce the burden of compliance.  "The government is committed to chart out a new path...

Winning Strokes: Think Different Pix Transmission Ltd was recommended in this blog around Rs.46-47, few weeks back, the scrip raced to Rs.70.40, on 19th September, 2014. If the scrip breaks Rs.63, on the downside, then it is time to book profits and exit the counter.  As expected realty stocks declined and closed with losses--Housing Development & Infrastructure (Rs.89.85) (down 3.18%), D B Realty (CMP: Rs.73.20 down 5%), Anant Raj (CMP: Rs.57.15, down 6.77%), Sobha (CMP: Rs.426.25, down 1.42%) and Unitech (CMP: Rs.21.95, down 10.77%) declined. Yesterday, I sent a report from the Economic Times, to my Facebook account , which had the following news: "The rapid rise in the stock market since the new government was formed has taken the sheen off real estate, where investments have not only dropped but investors are trying to monetise their existing assets, creating a scare of price correction. While the stock market has risen by over 12% since May 26 when the government ...

Opening Bell 23 September | Global equities lower on weak US data  Tracking the losses, Asian markets also opened lower, but slight improvement in China flash PMI might help Mum bai, September 23, 2013: The US markets closed lower as S&P 500 lost 0.8% to 1,994 on weaker-than-expected housing data. Home resales unexpectedly fell in August as investors stepped away from the markets, reports Reuters .  Tracking the losses, Asian markets also opened lower. China’s flash manufacturing purchasing managers’ index (PMI) unexpectedly picked up in September even as factory employment slumped to a five-and-a-half-year low, a survey showed on Tuesday. Read more. In a fillip to the cement industry, the government has decided to abandon bitumen—the raw material for road construction—in favour of cement for all new road projects, reports Mint . The detailed project reports for new road projects will assess the project cost factoring cement as the raw material.  I...

Narendra Modi’s US visit has the potential to redefine Indo-US relationship Modi’s focus in his foreign policy dealings so far has been just that – trade as the foundation of cooperation and friendship. (File Photo: PTI) September 23, 2014: Narendra Modi’s meeting with Barack Obama at the end of this month will close a most eventful month in India’s foreign policy. The beginning of September found the Indian Prime Minister in Japan, where he secured $34 billion in investments from Shinzo Abe. Chinese President Xi Jinping’s recent visit secured another $20 billion in MoUs, though the Chinese pointedly boasted about making deals worth five times that amount. Modi’s visit to the United States will end a flurry of diplomatic activity that has involved the three most significant countries with India. Before the general election, there was much speculation that Narendra Modi would shun the United States in favour of closer ties with India’s own neighbourhood. It was rumoured that...

PM Modi's US visit: Defense partnership and economic relations to remain top agenda  New Delhi, 23 Sep, 2014: Defence and security partnership, energy including renewable energy relations and economic and investment ties and technology transfer will dominate Narendra Modi's maiden visit to the USA as Prime Minister that is widely expected to correct sentiments in the India-US relations that have been soured since 2011.  On his longest trip abroad since taking over as the PM, Modi leaves for USA on September 25-26 for nearly seven days during which he will give his maiden speech at UN General Assembly on September 27 in New York and then proceed to Washington for the summit meeting with President Barack Obama on September 30.  All eyes are set on that meeting when Modi is also expected to raise concerns over US Immigration Bill that will affect Indian IT industry if passed in the current form. The Border Security, Economic Opportunity, and Immigration Moderni...

Govt likely to extend shipping subsidy period  Tuesday, September 23 2014: Extension will benefit shipyards that are still building ships under contracts signed when the scheme was on, and even for some which have already delivered ships but awaiting subsidy. Bangalore: Uncertainty over the fate of subsidy payments for shipbuilders such as Pipavav Defence and Offshore Engineering Co. Ltd, ABG Shipyard Ltd and Bharati Shipyard Ltd could lift soon, with the government looking to extend the payment timeline for a scheme which ended seven years ago. Under the scheme which ended on 14 August 2007, ships of certain specifications would be eligible for a 30% subsidy. In 2009, the government agreed to extend the timeline for paying subsidies till March 2014.  An extension now will benefit shipyards which are still building ships under contracts signed when the scheme was on, and even for some which have already delivered the ships but are waiting for the subsidy. If th...

Defence deals: India caught between Russia and US Monday, September 22, 2014: After his highly successful Japan visit, which saw the two sides signing the Global Partnership Deal, Prime Minister Narendra Modi is set to embark on a big-ticket visit to the United States later this month. The visit holds significance as it not only aims at renewing the not-so-warm Indo-US ties but also comes at a time when India’s decades old ally Russia has been increasingly isolated, forcing New Delhi to look for more reliable global partners for its future military and technological needs. While in the recent past, top western envoys have been rushing to India to woo PM Modi with the sole objective of bagging billion-dollar contracts with the new government, which has taken a big decision of opening the defence sector to foreign investment, the new NDA regime is also caught between two tough choices. One - how long can India depend on Russia for its growing military needs to counter threa...

Prajay Engineers Syndicate Ltd: Will it become a dark horse in 2014-15? According to the Hindu, September 22, 2014:  Potential investors considering investing in the capital region of Andhra Pradesh are in for a shock as the realty market around Vijayawada is competing with that of California, in the U.S.  Prajay The Nest is a residential development. This is one of the completed projects of Prajay Engineers Syndicate Ltd. The project has a thoughtful design and is well equipped with all the modern day amenities as well as basic facilities.  The Nest is located in Vijayawada Highway, Hyderabad.  Prajay Engineers Syndicate Ltd, has a land bank of almost 738 acres. Prajay has currently,  extended its presence to Vishakhapatnam,  developing over 35 projects with 18 million square feet under construction.   Located in Moosapet, Prajay Velocity Mall has 582,000 square feet of saleable space plus almost 322,000 square feet of multi-level car p...

Rs.25,000 Cr Navy tender for pvt sector Photo : Sagar Sandesh [ Editor :   Pipavav Shipyard was the first corporate shipyard to be granted clearance to build warships and other vessels for the Indian Navy, though the initial licence limits, up to 5 ships per year. Moreover, since the  name of ABG Shipyward Ltd is involved, it would definitely have a positive rub-off effect on the share price of Western India Shipyard Ltd (Rs.1.88)] NEW DELHI, Monday, September 15, 2014: Seeking to build capabilities of Indian private sector warship builders, the Defence Ministry has rejected the plea of a state-owned shipyard to participate in the Rs 25,000 crore project to construct four amphibious warfare vessels for the Indian Navy. The Defence Ministry has decided that only private sector shipyards, including Pipavav, ABG and L and T, along with their foreign partners, would be allowed to take part in the Rs 25,000 crore project for building the four Landing Platfo...

Will grow order book significantly going forward: Nikhil Gandhi, Pipavav DOC  [ Editor :  Pipavav Defence and Offshore Engineering Ltd ( CMP: Rs.43.65 ) was recommended today during the market hours at Rs.44, for a price target of Rs.51-52.  According to Business Today, July 27, 2008:  One day in the early 1990s, Nikhil Prataprai Gandhi was almost beaten to death by a mob protesting against the development of a port at Pipavav in Gujarat. The port was conceptualised in 1990 by SKIL Infrastructure, a company Gandhi founded with younger brother Bhavesh. Gandhi was badly wounded in that attack. After he came out of hospital, he visited Shirdi in Maharashtra to offer prayers at Saibaba’s shrine. In Shirdi, he befriended a Saibaba follower who, in 1992, introduced Gandhi to the late Dhirubhai Ambani, founder of the Reliance group. That meeting changed his life. “If Dhirubhai uncle had not helped me, I would have been dead,” says Gandhi. Ambani taught Gandhi th...

Indian Navy commissions final Saryu-class OPV [ Editor : Risk taking  investors can buy Pipavav Defence and Offshsore Ltd at Rs.44 for a target of Rs.51--54, in the short term. Last month there were media reports that Government of India has notified an increase in FDI (Foreign Direct Investment) limit to 49% through approval route in the DEFENSE sector. The move is aimed at boosting domestic industry of the country which imports up to 70% of its military hardware. FDI ceiling in the sensitive defence sector was hiked from current 26%, with the condition that the company seeking permission of the government for FDI up to 49% should be an Indian company owned and controlled by Indians. Further, foreign direct investment proposals above 49% will have to seek the approval of the Cabinet Committee on Security on "case to case basis, wherever it is likely to result in access to modern and state-of-the-art technology in the country," according to the press note of the Departm...