Today's Calls 1. Fresh positions can be initiated in Reliance Power Ltd at Rs.48, T: Rs.54, SL: Rs.46. I have been recommending the scrip since Rs.42-43 levels. Now after a brief consolidation the scrip is expected to move up. 2. Yesterday, Saregama India Ltd (Rs 336.50) crossed Rs.240, intraday; today also it touched Rs.244. However, it seems the stock will consolidate around Rs.232-244, before starting the next up.one. The investors can take their trading decisions accordingly. 3. Gammmon India Ltd ( Rs.9.75), has made a bottom of sorts. The investors are suggested to buy in bulk the shares of this construction major. 4. My recommended Reliance Defence and Engineering Ltd (Rs.68.25) today made a high of Rs.69.90, which is near my target of Rs.72. 5. Suzlon Energy Ltd (Rs.19.25), recommended at around Rs 7-8, today made a 52-week high of Rs.19.85. The traders can now look for target of Rs.22, I'm the coming days. 6. Buy Jet Airways Ltd at Rs.529, T: R...
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Today's Calls 1. Buy Saregama India Ltd at Rs.231-233, T: Rs.290 - 300, SL: Rs.225. According to some media reports: Saregama, a company from the RP-Sanjiv Goenka group, is turning a new leaf, betting on new technology and its legacy — a huge portfolio of Indian music, with 1.17 lakh tracks. Moreover, Saregama India Ltd's share of Indian music Industry is 11% and the Music Industry's growth till 2016 was 100% in four years. Not only that even the expansion of Radio Stations is positive for the shareholders of Saregama India. 2. Those who are holding Rolta India Ltd (Rs.59) could see the scrip touch Rs.71-72 in the short to medium term. So keep accumulating in dips. 3. Those who are holding the shares of Gammon India Ltd can look for immediate targets of Rs.12 - 12.50, as GST gets implemented by July, 2017. 4. Buy Allahabad Bank Ltd at Rs.73.05, T: Rs.82 - 86, SL: Rs.72.60. The Board of Directors of Allahabad Bank had approved raising of BASEL III compli...
Today's Call 1. Those who are still holding the shares of Reliance Defense and Engineering Ltd, can continue to add on declines. The scrip is entering the F&O segment, which is expected to give it the required bounce. Reliance Infrastructure estimates Indian defence business opportunities at Rs.15 trillion over a 15-year period and offset export opportunity at Rs.77,000 crore. Ambani’s entry into the defence business started with its acquisition of Gujarat-based Pipavav Shipyard about two years ago The Pipavav Shipyard has now been renamed Reliance Defence and Engineering Ltd. In February, Reliance Infrastructure formed a strategic partnership with Dassault Aviation to form a joint venture, Dassault Reliance Aerospace Ltd, to execute offset contracts worth up to Rs.30,000 crore, the firm said. India had signed an agreement with France to buy 36 Rafale fighter jets from Dassault Aviation. Moreover, as long as it is above Rs.61.65, there should not be much problem f...
Today's Calls 1. Buy Gammon India Ltd at Rs.10.20, T: Rs.12, SL: Rs.8.70. The stock of Gammon Infrastructure is up more than 5% today. The company reported a narrower losses for the December quarter. Mumbai-based Gammon India Ltd posted a standalone loss of Rs.20.53 crore for the three-month period that ended on December 31, 2016, compared with Rs 119.06 crore for the corresponding period a year ago. 2. Those who are holding IVRCL Ltd (Rs.5.05) should continue to add on intra day dips. The infrastructure stocks will now run up.
IVRCL Ltd: Some Thoughts CMP: Rs.5.05 Photo : Indian Tollways The Hyderabad based infrastructure player IVRCL Limited will get Rs.400 crore from the sale of three road projects (Salem Tollways Limited, Kumarapalayam Tollways and Chengapalli Tollways) -- Of this it will receive Rs.315 crore by 31 March and the balance in September 2017, according to some sources. Though lenders are reluctant to give new loans, last year it was sanctioned a fresh non-fund credit of Rs.1,800 crore in bank guarantees and letter of credit, in addition to a cash credit limit of Rs.200 crore as part of the CDR deal. The company has an order book of around Rs.18,000 crore. Apart from monetising the assets, there are six more in line, it has decided to focus on realising the claims amounting to over Rs.6000 crore from various government projects. The company wants to utilise the new arbitration law that brings down the time limit for the settlement of a commercial dispute, for thi...
Today's Calls 1. Buy Reliance Defense and Engineering Ltd at Rs.63.70, T: Rs.72-78, SL: Rs.61. The stock Photo : The Economic Times has now entered into the F&O segment. 2. Those who still holding the shares of my recommended Suzlon energy Ltd (Rs.19.10), can look for targets of Rs.21-22, in the coming days. This scrip has also entered in the F&O space. 3. Those who have entered JSE Energy Ltd (Rs.62.25) yesterday at around Rs.60.80, can continue to hold with a SL of Rs.59. Recently, there were some positive developments in the company. 4. Buy Hindustan Oil Exploration Ltd at Rs.72.70, T: Rs.78-82, SL: Rs.68.60. The Union Cabinet’s decision on Wednesday to grant extension to production sharing contracts for 10 blocks will benefit Cairn India Ltd (CIL), Oil and Natural Gas Corporation (ONGC), Essar Oil, Focus Energy, Hindustan Oil Exploration Company (HOEC), and Gujarat State Petroleum Corporation Ltd (GSPC). The contracts for these pre-NELP (New Exploratio...
Today's Calls 1. Buy JSW Energy Ltd at Rs.60.90, T: Rs.66-72, SL; Rs.59. JSW Energy, part of the Sajjan Jindal-led JSW Group, is believed to be in the race for buying out the thermal power assets of Monnet Power and Jindal India Thermal Power Ltd (JITPL) in Odisha. Monnet Power’s 1,050 Mw coal-based power plant near Angul was in advanced stage of commissioning. Monnet Power’s parent company, Monnet Ispat & Energy had won the Mandakini coal block in Odisha in competitive bidding, it surrendered the block later on grounds of economic unviability. Monnet Power had accumulated debt in excess of Rs 5,000 crore. 2. Those who are holding the shares of Tata Motors Ltd (Rs.469.50), can continue to hold the same with a SL: Rs.459. The stock is on an uptrend, and is likely to move above Rs.470, in a short time. 3. Buy IVRCL Ltd at Rs.5.15, T: Rs.7, SL: Rs.4.60. There were earlier media reports that Essel Infraprojects Ltd is in advanced talks to buy a controlling...
Today's Calls 1. The Nifty (spot) is expected to get support at 9010 - 9030 ranges, which is just arms length from the current value of Nifty 9,053.45 which is now down 68.05 points or 0.75%. The traders are suggested to cover all your shorts. 2. Fresh positions (or averaging) can be initiated in Rolta India Ltd at Rs.58.80-58.90, for immediately targets of Rs.61.20-61.50. 3. Those who are holding the shares of Panacea Biotech Ltd (Rs.155), should add in every decline for immediate targets of Rs.167-170. The stock is likely to touch Rs.220-250, in the medium term. 4. Those who are holding the shares of RCom (Rs.37.50), should look for targets of Rs.42-47, as RJio has come up with Paid Service, drawing curtains to the Free Services.
Today's Calls 1. Buy Panacea Biotech Ltd at Rs.155-156, T: Rs.170, SL: Rs.152. Renowned cardiologist Dr .Devi Shetty founded multi-speciality hospital chain Narayana Hrudayalaya is on the prowl to bolster its footprint in the domestic healthcare services market. ET NOW learns from multiple sources privy to ongoing discussions that the Bangalore, Karnataka headquartered firm is in advanced talks to buy out Delhi based drugmaker Panacea Biotec's multi super-speciality hospital located in Gurgaon, Harayana. On the other hand, Narayana Hrudalaya confirmed that the company has been in discussions with Panacea Biotec for Gurgaon Hospital since October 2015. Giving the chronological order of the events, the company said in December 2016, it had signed a non-binding MoU with the counter party and in March this year, due diligence is under progress. The company in January this year, got the US Food and Drug Administration’s (FDA) approval for Rizatripan Bonzoate tab...
Large Scale Capital Infusion: Cure for PSU Banks (PSBs).... Photo : UCO Bank The banking sector, which is laden with bad loans, plays a critical role in carrying out the government's development agenda but unfortunately hereto precious little has being done to revive this space. A recent study found that the gross “non-performing assets” of state banks rose 56% in 2016, and 135% in the last two years. They now account for 11% of all state bank loans. These are hardly reassuring figures. Yet the Narendra Modi's government—which, after all, owns these banks and thus dominates the Indian financial sector— seens relatively unconcerned. In the most recent budget, the government set aside barely $1.5 billion to recapitalize the banks. You must have read that off late there were some capital infusion in 10 banks by the government of India. The name of the banks and the amount of capital to be infused by the government are: Allahabad Bank (Rs.418 cr), Andhra Bank (Rs.1...
Today's Calls 1. Buy UCO Bank Ltd at Rs.35.80, T: Rs.42, SL: Rs. 35.50. The stock has formed a double bottom on EOD charts and should move up. The name of the banks and the amount of capital to be i nfused by the government are: Allahabad Bank (Rs.418 cr), Andhra Bank (Rs.1,100 cr), Bank of India (Rs.1,500 cr), Bank of Maharashtra (Rs.300 cr), Central Bank of India (Rs.100 cr), Dena Bank (Rs.600 cr), IDBI Bank (Rs.1,900 cr), Indian Overseas Bank (Rs.1,100 cr), UCO Bank (Rs.1,150 cr), and United Bank of India (Rs.418 cr). M ost analysts say that the NDA government will be able to stick to the target of a fiscal deficit of 3.5% of gross domestic product, or GDP, in the current fiscal year that ends in March and aim for at least 3.3% fiscal deficit for 2018. India's successive governments have been diligently lowering the fiscal deficit for seven years since 2012 when the deficit touched 5.9% of GDP. While India government’s demonetization exercise which forced citize...
An Important Announcement Photo : iDefigo I am looking for some investors/traders, who would invest in my (very short term) recommended scrips; after opening a demat/trading account with my associate brokerage house. The profit can be shared in the ratio of 50:50 between my firm and the investor. The minimum portfolio size should be around Rs.2 lakhs and the duration if trade will be, short term -- 2 weeks or less to 30 days. The money would be invested in news driven high beta (and high-risk-high gain) mid, small and micro caps only to magnify the profits. I would only give the names of the stocks with entry and exit points (including SL levels), through Whatsapp/Yahoo Messenger/SMS and investors are required to buy immediately. The percentage of profit would be adjusted after every trade. However, on the flip side, since we are in stick market, there are chances that 3 out of 10 trades may go wrong; giving profits in at least 7 - trades. But I will try my level bes...
Reliance Communications: The Future Telecom Godzilla CMP: Rs.38.25 The stock of RCom has been on a steady upmove since the last few days, as Reliance Jio (RJio) is scheduled to start its Paid Service from next month. This has again brought the stocks of Telecom companies into Focus. The scrip of Idea Cellular (Rs.108) has almost doubled from its 52-week low price of Rs.65.80, due to Vodafone news. Following similar positive trails, the share of RCom is also expected to touch Rs.71-72 in the next 6-9 months time. I have ben saying since sometime that it should not go below Rs.30, and till date, this has not been violated (52-week low: Rs.30.60 in the NSE); which somewhat attests to my buy on declines stand. Meanwhile, there are recent media reports that, Anil Ambani-promoted Reliance Communications Ltd (RCom) has obtained approval from capital markets regulator Securities and Exchange Board of India (Sebi) to spin-off and merge its wireless division with Aircel Ltd and Dis...
Today's Call 1. Buy Rolta India Ltd at Rs.59.10-59.30, T: Rs.72, SL: Rs.56. Rolta Ltd will be one of the biggest beneficiaries of the BJP win. Defence industry was initially run by a monopoly and it was difficult to take a product to people who were not willing to give something new a try. However currently, Bharat Electronics Ltd, Rolta India Ltd and Tata are the major suppliers of defence products. In 2015, the BEL-Rolta India consortium bagged the Ministry of Defence’s (MoD) development agency order for the Battlefield Management System (BMS) project, worth over Rs.50,000 crore. BMS is an awareness and visualisation system that aims to optimise the effectiveness of tactical units. To elaborate, the NDA government's “Make in India” policy got a boost when two Indian consortia were selected for the $5.95 billion. Battlefield Management System (BMS) contract for integrating all surveillance resources available at the battalion or regiment level, including from loca...
Holi Offer: Boost Your Portfolio If anyone is having a portfolio of Rs.15 lakhs plus, then my associate brokerage house, will manage his/her portfolio. You are likely to a get good and hassle free returns, since the MD of the said brokerage house, will take personal care on your investments. Before, starting the service the MD of my associate brokerage house will have a tephonic meeting/conference/Chat with you discussing the pros and cons of the proposal. I will also be there to help you in this deal and my service will be free. For more details, please do send me a mail at: sumanm2007s @gmail.com / suman2005s@rediffmail.com. Happy Holi to all...
Today's Calls 1. Buy Vedanta Ltd (or average) at Rs.251.15, T: Rs.257-261, SL: Rs.247. According to MoneyControl.com: Morgan Stanley has initiated coverage on Vedanta with an overweight call, citing the company’s potential to grow going forward. The research firm feels that it is the fastest-growing aluminum and zinc company globally. “The balance sheet risk has subsided, which has positioned VEDL on par with global miners and better than local peers,” it said in a report. Additionally, it forecasts a 30 percent FCF CAGR for FY17-19. Meanwhile, the company in February reported a 4.5-fold jump in third quarter consolidated profit at Rs 1,866 crore on year-on-year basis, boosted by operational performance and low base in year-ago period despite sharp rise in tax expenses. Revenue during the quarter increased 29.6 percent to Rs 20,393 crore compared with Rs 15,731 crore in corresponding quarter of last fiscal, driven by metals business. "Revenues in Q3 were driven ...
Today's Calls 1. Buy ACC Ltd at Rs.1407, T: Rs.1425-1450, SL: Rs.1386. This is a pure chart based call. 2. Those who have bought the shares of Inox Wind Ltd yesterday at around Rs.169.30-170, can book partial profits at Rs.173 and hold the rest with a SL: Rs.170.40. 3. After Inox Wind Ltd (CMP: Rs.178), you can buy another power company which is alao into green energy: Buy Reliance Power Ltd at Rs.46.10, T: Rs.51, SL: Rs.45. Reliance Power claims on its website it has the largest portfolio of power projects in the private sector based on thermal and renewable energy with an operating capacity of 5,945 Megawatt. Reliance Power Ltd posted a net profit of Rs. 434.30 million for the quarter ended December 31, 2016 as compared to Rs. 3493.40 million for the quarter ended December 31, 2015. Total Income has decreased from Rs. 4072.70 million for the quarter ended December 31, 2015 to Rs. 1665.30 million for the quarter ended December 31, 2016. The Group has posted consoli...
Today's Call 1. Get of Tata Motors Ltd (Rs.462.50) as the scrip could slip to Rs.456-450. However, if it sustains above Rs.463, you can again enter. 2. The correction in Indian markets, may not be too deep, as it looks now. Buy Vedanta Ltd at Rs.252.10, T:Rs.261, SL: Rs.248. Analysts at JP Morgan remain overweight on Hindalco and Vedanta even though the stocks have materially outperformed the broader indexes over the last 12 months as the underlying commodity environment remains supportive and should allow balance sheets to de-lever. 3. Buy Inox Wind Ltd at Rs.169.30-170, T: Rs.210, SL: Rs.162. In a roughly INR-10-billion (USD 149m/EUR 141m) deal Leap Green Energy Pvt Ltd is to acquire the downstream wind power business of India's Inox Group, the Economic Times (ET) said, citing informed sources. An announcement of the acquisition agreement is coming, the sources have said. India-based Leap Green, majority-owned by JPMorgan Chase & Co (NYSE:JPM), has about 450 M...
Mint Money Through Daily and Short Term Trading Dear investors, till the end of last year, I was mainly focused on short term delivery based trades of basically mid and large cap counters. This strategy did not work well in the last few months, as Narendra Modi's misguided missile "Demonetisation", sucked the blood out of the system. Therefore, I have changed the strategy a bit, as the demands of quick returns from clients poured in.. You must have seen that these days, I hardly recommend small caps, once my speciality; and have now zoomed more into daily trading of large and mid caps, where also money can be made, through meticulous planning. However, there is a RISK element in daily trading, which could be overcome to some extent through experience. Therefore, if you can risk around Rs.50,000 to 1.25 lakhs (on which I will take a intra - day position of Rs.2 - 3 lakhs per trade), then I can trade on your behalf to generate cash for you through daily and ve...
Today's Calls 1. Buy the shares of Tata Motors Ltd (India’s largest truck and bus maker), at Rs.467-468, T: Rs.487-491, SL: Rs.462. Tata Motors' total sales in February grew by 2 percent year-on-year, backed by passenger vehicle sales, though commercial vehicle segment degrew 1 percent. The company sold 47,573 vehicles in February against 46,674 vehicles sold in year-ago month. Many brokerage houses are BULLISH on the scrip -- Motilal Oswal has given a medium term target of Rs.653, while Credit Suisse has maintained outperform rating on Tata Motors after arm Jaguar Land Rover launched its fourth model the Range Rover brand called Velar News. 2. Those who are holding the shares of Reliance Power Ltd (Rs.48.15), can continue to hold with a SL of Rs.46.60, for 2nd target of Rs.51 3. Buy the shares of Reliance Capital Ltd at Rs.543-544, T: Rs.560-572, SL: Rs.536. Reliance Capital Ltd, has sold its nearly 1% stake in popular digital payments firm Paytm for Rs.275 crore t...
Todays Calls 1. Buy UCO Bank at Rs.37.45, T: Rs.39-41. In a significant development, lower provisions has helped Uco Bank to cut losses by a third to Rs.437 crore for the December quarter, compared with Rs.1497 crore loss in the year ago period. Banks are a proxy to any economy, therefore after demonetisation fiasco, as the economy gathers steam, Banks are set to do well. 2. The share of Reliance Power has achieved my 1st target of Rs.47 (Rs.47.70, intra day high) , you can book some profits and hold the rest with a SL of Rs.46.40, for the next target of Rs.51. 3. As the RJio's Free service comes to a halt, we can look forward for higher targets for Reliance Communications Ltd (Rs.38.25). After demonetisation fiasco, the economy has started to.pick up, and the retail sector is slated to do exceptionally well. 4. Those who are holding my recommended SBI (Rs.272.30), from Rs.160-162, can continue to hold with aSL at Rs.246. However long term investors need not put a SL a...