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Vedanta wins Chhattisgarh gold mine in India's first-ever auction Feb 28, 2016: Raipur: The first-ever auction of a gold mine in the country was held in Chhattisgarh on Sunday, Vedanta Ltd won the auction for Baghmara (Sonakhan) gold mine with its highest bid of 12.55 percent of IBM (Indian Bureau of Mining) price of Rs 74,712/ troy ounce (1 troy ounce = 31.10 gram), official sources said. The production from the Baghmara mine can reduce the gold imports into the country that cost it $36 billion last year, the state mines department officials said. This was the first time a composite license for gold mining was given in the country, officials added. The mine is situated in Balodabazaar-Bhatapara district of Chhattisgarh, 130 km north-east of the state capital Raipur. Vedanta, a unit of London-listed Vedanta Resources Plc, beat three other bidders in the auction of the Baghmara mine in Chhattisgarh, said the head of the state's Directorate of Geology and Mining, Re...

DO YOU KNOW Photo : Internet Over the past 18 months, crude oil prices have fallen to below $35 per barrel from their apex of above $110 per barrel and since then the price have been on a downward swing, following a rock and roll path. "The key takeway from the current volatility of crude oil prices is that we are starting to see a fall in production and it’s going to continue week-to-week," said Rob Thummel, a managing director and portfolio manager at Tortoise Capital Advisors LLC who helps manage $13.5 billion. "The theme of the earning calls has been the cutting of production forecasts." Amidst extreme cimpcomplexities, implementation of the freeze remains unclear because Saudi Arabia and Russia said their commitment depends on other nations participating.  Moreover, Iran’s cooperation is crucial to the success of the plan to halt the fall in prices, according to Daniel Yergin, vice chairman of IHS Inc.  The pact will have “little impact ...

Letters from the Blog Readers Dear Suman Mukherjee Sir, Good Morning. I suppose in point number 4 for Infinite Computer Solutions, target price is 220-225 as the current buy price is 180.  Thank you Sir for the good work that you are doing by helping small investors like us. Best Regards, Shaukat Ali Ansari                                                    ---x--- Yes, you are right!! Thanks a lot for the required correction.

Important 1. Those traders who entered Vedanta Ltd at around Rs.64-65 are suggested to book profit at Rs.75-74 and wait on the sidelines for the scrip to come around Rs.67-69, for taking fresh positions. The crude oil prices have again started to play rock and roll and in such circumstances it would be better if you ply safe. 2. Rasoya Protein Ltd (Re.0.25) is yet to start its main plant and its power plants. Therefore, the investors are suggested to refrain from taking fresh positions in the counter. 3. This time many traders are expecting some form of incentives for the Gems and Jewelry sector, in the upcoming budget. Hence, traders can increase their holdings in Tara Jewels (Rs.42), Gitanjali Gems Ltd (Rs.33), P C Jeweller (Rs.401.25), etc. 4. Since the crude oil prices have again started to slip, it is better to stay put with cash, except in safe Heavens like Gold. Note : This message was sent to the Premium Groups, today morning.

Important The pre-budget rally is about to begin and crude oil prices have started to inch up; hence you can think of taking positions in some of the beaten down counters: 1. Investors can take fresh positions in Vedanta Ltd at Rs.59-62, for a short term target of Rs.79-81. 2. Investors can take fresh positions in ARSS Infrastructure Projects Ltd at Rs.28-29 for short term targets of Rs.35-37. Those who have not exited at the SL can average the share price by buying at the current levels. 3. Investors can take fresh positions in Suzlon Energy at Rs.13-13.45 for short term targets of Rs.15-17. 4. Investors can take fresh positions in Infinite Computer Solutions Ltd at Rs.180, for short term targets of R.120-125. 5. Investors can take fresh positions in Chambal Fertilizer at Rs.51.80 for a short term target of Rs.65. 6. Investors can take fresh positions in R S Software at Rs.59.60, for a short term target of Rs.65. 7. Investors can take fresh positions in Gitanjali...

Questions From the Blog Readers I am a regular reader of your blog.you provide very valuable information regarding the share and it is very useful to the small investors. I have (xxxx) lakh share of Rasoya protein @ .40 paise and I want to add more.How is the future of this compnay? I can hold for more than two years. I have also (xxxx) shares of suzlon @ 15.00.How is the future of this company? I can hold as long as suggested. Awaiting your reply.... Thanking you, Ketan Acharya E-mail : ketan.acharya 2002@gmail.com                    ---------x-------   1. Rasoya Proteins Ltd (Re.0.25) has successfully resolved a part of the GDR issue and is hoping to get a favourable verdict from the SAT. Also, it is in conversion with various lending banks to restructure its loans. The company is also taking measures to open its main plant and its power plants. However, the last three positive news are still in the realm...