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WINNING STROKES: THINK DIFFERENT My recommended HINDALCO Industries Ltd today touched Rs.176.40, before closing at Rs.172.65. The scrip achieved the short term target of Rs.172. It was a field day for the scrip of Jaiprakash Power Ventures Ltd as it touched Rs.13.51, in the dying moments of trade, as the shorts got trapped. That is why I say, don't listen blindly to TV-analysts, especially the kind of fly-by-night-operators like Jagannadham Thununguntla !! Those who heard him lost their shirts today. If he were so accurate in predicting future stock movements, then he would have had his own company, instead of working in someone's company. When a company comes up with good quarterly results and earnest attempts are being made by the management to reduce debts, then should we buy a share or sell--ask  yourself. By the way,  Vishal Malkan is saying to b uy Jaiprakash Power for a target Rs 18-20, which is the right approach.  The scrip...

Move to recharge power projects New Delhi, Nov. 26: Stalled power projects in the country could be recharged with the government’s action plan to increase generating capacity by asking banks to help revive such projects and by providing fuel linkages. Power minister Piyush Goyal today met oil minister Dharmendra Pradhan to chalk out the rescue package that may involve rescheduling of loans to power companies as well as making available fuel at affordable prices by pooling cheaper domestic gas price with costly imported LNG. The two ministers did not divulge details of the rescue package finalised today which may need the cabinet’s approval. “Today’s meeting was a precursor to final decisions which will be taken very fast,” Goyal told reporters after the meeting. “We are drawing up plans to increase the generation of power, to put national assets to good use and keep the energy cost affordable with a sustained policy framework,” he added. Pradhan said the gover...

India, Nepal ink $ one billion hydro-power plant deal Photo : The Yale Globalist [ Editor : The government of India is drawing up an action plan to increase power generation in the country and the supply of the same at affordable price. The Government on Wednesday took stock of the power situation in the country, including the fuel supply and pricing issues affecting the power sector. “We are working proactively and drawing up an action plan to increase power generation. We have looked at all options, including what needs to be done with the stranded gas-based power plants,” said Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New and Renewable Energy.  Hence, stay invested in power and construction companies] KATHMANDU, Nov 25, 2014: India and Nepal today inked an agreement to construct a $ one billion hydropower plant on Arun river to generate 900-megawatt of electricity in the power starved Himalayan nation. Under the pact, India's...

WINNING STROKES: THINK DIFFERENT JSW Energy Ltd recommended a couple of days back around Rs.84-87, reached its first short term target of Rs.92 (intra-day it touched Rs.92.30).  Jaiprakash Power Ventures Ltd, which came out with excellent set of numbe rs for the Q2FY15, yesterday closed at Rs.13.08 in the BSE.  Jaiprakash Power Ventures Ltd posted a net profit of Rs.299.81 crore for the quarter ended September 2014, helped by higher income. The power producer had a net profit of Rs.251.89 crore in the same period a year ago. In a regulatory filing, the company said its total income climbed to Rs.1,201.41 crore in the second quarter of current fiscal. In the same period a year ago, the total income stood at Rs.969.18 crore.  The company’s operational capacity includes 1,791MW hydel and 1,160MW thermal assets, minus those put on sale. Meanwhile,  JSW Energy said that it has agreed to acquire from Jaiprakash Power Ventures and other shareholders, 100% stake in H...

Could China Save India's Railways? November 25, 2014: In line with recent trends, China is examining the possibility of exporting its high-speed rail technology to India. Specifically, according to Reuters, China will carry out and finance a feasibility study in India for a potential high-speed rail project linking the country’s capital New Delhi with the southern city of Chennai. A spokesperson for the Indian Ministry of Railways made the announcement on Tuesday. The move comes at a time when high-level diplomacy between India and China has focused heavily on expanding economic cooperation between the two Asian giants, who cooperate despite looming geopolitical rivalry and mistrust. China is approaching India on the issue of high-speed rail technology after having made similar bids to Malaysia, Thailand, Myanmar, Mexico, Turkey and Saudi Arabia. Only the latter two countries have awarded China contracts; an initial contract in Mexico was withdrawn. The Indian Ministry of...

India set for ‘Goldilocks’ period; GDP to grow 6.4% in 2015: Nomura  Photo : Prahar New Delhi, November 25, 2014: Indian economy is set for a “goldilocks” period—used to describe a timeframe of high growth and low inflation—while it can become Asia’s fastest growing economy in 2016, Japanese financial major Nomura said.  The global financial services major is also optimistic about “productivity-enhancing reforms” in the country and estimated the gross domestic product (GDP) growth for 2015 at 6.4%. “We are positive on India’s economic outlook in 2015. The key downside risks to our view are weaker global growth, higher commodity prices, a slower pick up in domestic capex cycle and a sharp reversal of capital inflows, especially debt inflows,” Nomura chief economist Robert Subbaraman said.  “We expect India’s real GDP growth to rise to 6.4% in 2015, from 5.2% in 2014, and further to 6.8% in 2016,” Nomura said. Nomura’s composite leading index for India sugge...

Today's  Call to the Premium Group Members Buy JSW Energy Ltd at around Rs.84-87, for a target of Rs.130, in the next 3-6 months. The Hindu Business Line, on 23 November, 2014 wrote: The stock of power generator JSW Energy has gained 45 per cent since January . This seems to have been driven by the sharp 70 per cent jump in profit in the first half of this fiscal — an outcome of easing global coal prices and a stable rupee. Also, JSW Energy’s recent proposal to acquire JP Power Ventures’ 1,391 MW of operational hydro power projects buoyed the stock . Meanwhile, two of the TV-chartists gave a buy on the scrip : (i) Ashwani Gujral:  JSW Energy is a 'BUY' call with a target of Rs.95 and a stop loss of Rs.82.  (ii) Sudarshan Sukhani:  "JSW Energy  has been underperforming but a large base is now almost visible and on the verge of a breakout. It is not just a trade for today, a BTST or trade just for the afternoon, it is also a position trade if you w...

SKM Egg Products Exports (I) Ltd: The Promoters continue to FOOL the Gullible Investors!! Please Click on the Photo to Expand There was an announcement in a Blog regarding purchase of shares by the Promoters of SKM Egg Products Exports (I) Ltd (BSE Code: 532143) from the open market. But do you know the number of shares purchased? Yes, it is indeed HILARIOUS and shows how the Unscrupulous Operators can go to any length in connivance with the Dirty Promoters of companies, to jack up the price of shares.  After this news of promoters' purchase of shares were spread, SKM Egg Products Exports (I) Ltd hit the Upper Circuits at Rs.102.20, in the NSE (It was suspended in BSE long back). This announcement in the said blog came  after my adverse write up about this company, in this blog yesterday.  The gullible investors do not even think for a moment as why they are going for such a scrip whose book value is only Rs.17.11 and has EPS of ...

Ministry may end 3-year lock-in for foreign investors in construction NEW DELHI, 25 Nov, 2014: Overseas investors could get a free run in the construction and development sector with the government considering removal of the three-year lock-in for the overseas investments. The housing ministry's latest proposal is now being examined by stakeholder ministries, including the Department of Industrial Policy and Promotion (DIPP).  The government is keen to quickly get funds flowing to the troubled sector that is a big contributor to jobs and also hasten development of smart cities, one of the thrust areas identified by the new government." There is a proposal... It's being discussed," said a government official privy to the development.  The Union Cabinet had on October 29 eased norms for foreign direct investment (FDI) in the construction sector by reducing minimum built-up area, capital requirement and exit norms to boost the cashstarved real estate sector...

Jaiprakash Power Ventures Ltd: Accumulate on declines CMP: Rs.13.85 Jaiprakash Power Venture Ltd might utilize around Rs.8000 Cr, from the sale proceeds of its assets, for retiring debts; the rest would probably be used for fulfilling the commitments towards the upcoming projects. Earlier, there were media reports that JSW Energy had agreed to acquire 100 percent stake in Himachal Baspa Power Company from Jaiprakash Power Ventures for a base enterprise value of approximately Rs.9,700 crore. The board of directors of JP Power Ventures has approved the transfer of the 300 MW Baspa II hydro electric project located at Himachal Pradesh, and the 1091 MW Karcham Wangtoo hydro electric project located at Himachal Pradesh into a separate company.  Therefore, the worst seems to be over for the Jaiprakash Group and with the interest rate cut on the offing, the stocks are likely to give good returns in the short term.  Meanwhile, HINDALCO Industries Ltd recommended som...

JSW Energy : buys 300-MW Baspa II, 1,091-MW Karcham Wangtoo hydroelectric plants in India for US$1.8 billion 300-MW Baspa II HEP, HP 20 November, 2014: JSW Energy Ltd. (JSW) and Jaiprakash Power Ventures Ltd. (JPVL) executed an acquisition deal worth about US$1.8 billion for two of three power-generating facilities listed on a Sept. 24, binding Memorandum of Understanding (MoU). The 100% acquisition of two plants was executed in Mumbai, in the district of Maharashtra, India, on Nov. 15. JSW purchased two facilities located in Himachal Pradesh, in the upper northwest region that borders Indian states Jammu and Kashmir on the north, Punjab on the west, Haryana and Uttarakhand to the south and the country of China to the east. The properties include 300-MW Baspa II Hydro Electric Plant and 1,091-MW Karcham Wangtoo Hydro Electric Plant. Karcham Wangtoo continues to produce power since coming online in 2011, as does Baspa II, which was commissioned in 2003. Karcham Wangtoo...

Moving towards 24X7 power: Government approves 3 key schemes  NEW DELHI, 21 November, 2014: Moving towards PM Narendra Modi-led government's objective to provide 24*7 power supply, the Cabinet has approved multiple schemes to improve transmission and distribution networks and begin work on the North Eastern Region Power System Improvement Project.  The Rs 32,600 crore Integrated Power Development Scheme (IPDS) will strengthen the transmission and distribution networks and metering in urban areas and smarten it with information technology.  The Cabinet also approved a Rs 43,033 crore scheme, which includes the requirement of budgetary support of Rs 33,453 crore, for rural areas to separate agricultural supply from non-farm supply.  Cutting transmission losses and improving distribution is a key element for the power sector, and the initiative follows steps to ease coal shortage and discussions to formulate a financial package for the sector, where th...

Mining law set for change; firms may get to sell mines Under the law in force at present, a company cannot sell mines it holds to other companies, though leases are transferred whenever a mining company is taken over New Delhi  November 21, 2014: The central government, after allowing commercial mining in the coal sector, is now planning to permit companies to sell mines of all minerals, except atomic ones, by providing transferability under the mining law. Under the law in force at present, a company cannot sell mines it holds to other companies, though leases are transferred whenever a mining company is taken over. The government plans to add in the Mines and Mineral Development and Regulation (MMDR) Act a chapter allowing such transferability for all but atomic minerals, after securing permission from the state government concerned. "This will help develop a transparent market for mines in the country and promote investment in the sector," said an official. ...

ARSS Infrastructure Projects Ltd: The Stock which could give multi-bagger returns Please Click on the Photo to get a Magnified View Incorporated in 2000, ARSS Infrastructure Projects Ltd is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India. ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. ARSS Infrastructure Projects Ltd, has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana, Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu. In the Indian Rail...

Select mining, metal stocks up on coal blocks auction draft rules Photo : The Hindu Business Line Reuters  November 20, 2014:  Select mining and metal stocks gain after government released e-auction rules. The coal ministry on Wednesday unveiled draft rules for auction of 204 coal blocks cancelled by the Supreme Court earlier - PIB website. Hindalco Industries gains 0.65 pct while Sarda Energy and Minerals surges 3.4 pct. Timeframe provided in the draft rules for auction is positive - dealers Details on pricing, compensation still awaited, dealers add. Reporting by Abhishek Vishnoi Courtesy : The Business Standard

Hindalco, Sarda Energy Gain on Coal Auction Draft Rules November 20, 2014: H indalco Industries, Sarda Energy and Minerals gained on Thursday after government released e-auction rules. The coal ministry on Wednesday unveiled draft rules for auction of 204 coal blocks cancelled by the Supreme Court earlier. Hindalco Industries gained 0.65 per cent while Sarda Energy and Minerals surged 3.4 per cent. Dealers say timeframe provided in the draft rules for auction is positive. Details on pricing, compensation still awaited, dealers added. Courtesy : NDTV Ltd

Yesterday, FIIs were NET BUYERS of Indian securities 

Buy Hindalco Industries Ltd: Sudarshan Sukhani Now another chartist: Sudarshan Sukhani has also given a buy on Hindalco Industries Ltd after Prakash Gaba , according to www.moneycontrol.com. Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Hindalco Industries  inspite of the bad news was moving in a trading range and it is actually suggesting that it is willing to go higher, cross that boundary and actually begin an uptrend. I don’t know how that will happen if the Nifty decides to go down. Hindalco independently looks quite attractive as a buy."  HINDALCO'S operations around the world: Novelis is headquartered in Atlanta, Georgia and operates 25 manufacturing facilities in nine countries on four continents, with nearly 11,000 employees. Novelis is the world’s largest rolled aluminum producer in terms of volume shipped, and the largest purchaser of aluminum as well.  Aditya Birla Minerals is based in Perth, West Australia, and conducts its activities...

HINDALCO Industries Ltd: Buy CMP: Rs.156.30 Goldman Sachs has a buy rating on the stock hoping for it to touch Rs.215 per share in a year.  Initiating coverage on the stock, Goldman Sachs believes Hindalco will benefit from a change in product mix at Novelis and ramp-up of its domestic Aluminum capacity (by 150 percent to 1.3 metric tonnes currently).  “While it underperformed Sensex by 25 percent in the past three months due to de-allocation of its Mahan coal block, we think the focus will shift back to growth. If Hindalco were to secure any coal block in the upcoming auctions by 1HCY15E at an attractive price, it could be a potential catalyst,” the brokerage says in a note. However, lower aluminum prices, higher coal costs, delays in capacity ramp-ups may poise risk to the stock. Net profit of the  Aditya Birla group's flagship company fell 78 percent to Rs 79 crore. The decline was despite a Rs 361 crore forex gain and 36 percent rise in revenue. Re...

India`s steel demand likely to rise by 4-5%: Indira Sec According to Indira Securities, India's steel demand is likely to rise by 4-5 per cent this year and will touch a compounded annual growth rate (CAGR) of 15 per cent after FY17, says the report. Photo: India Writes Nov 14, 2014: Indira Securities' sector outlook on steel industry "Indian steel industry plays crucial role in development of nation and is considered as the backbone of civilization and the level of per capita consumption of steel is an important determinant of the socio-economic development of the country.  The Indian steel industry is divided into primary and secondary sectors. The primary sector comprises a few large integrated steel providers producing billets, slabs and hot rolled coils. The secondary sector involves small units focused on the production of value-added products such as cold rolled coils, galvanised coils, angles, columns, beams and other re-rollers, and sponge iron units...

Jindal Steel and Power Ltd: Buy CMP: Rs.158.70 In a move to curb needless imports, the finance ministry has directed that Specific Chinese Steel Products must be subjected to stringent quality checks before allowing them to enter the country’s hinterland. The move is aimed at Chinese steel makers exporting steel by adding boron in their product mix to bypass the defined quality standards of the steel ministry’s Quality Control Order 2012 and the commerce ministry’s import duty. The Indian Express had reported on September 18 that steel ministry had expressed serious concerns over the burgeoning steel imports from China which during the second quarter of 2014-15 exceeded “the historic (quarterly) high” of 90 million tonnes. Moreover, the Economic Times, on 13 November, 2014 reported:  Domestic steelmakers threatened by growing volumes of Chinese steel imports are likely to get some relief soon.  Steel and mines minister Narendra Singh Tomar on Wednesday said th...