Today's Calls 1. Buy Tata Motors Ltd at Rs.442, T: Rs.471-475, SL: Rs.437. There is some reshuffle in the management of Tata Motors. 2. Buy in Bulk the shares of Reliance Communications Ltd (Rs.34.15) as it could get merged with RJio and become a formidable player in the telecom sector. The amount of properties Reliance Industries have in Navi Mumbai (New Bombay) is of astronomical proportions. Upon merger with RIL group, the RCOM will get sufficient financial clout to take on the competition; as it will then be a part of the RJio. Therefore, buy in Bulk the shares of RCom. 3. Those who are holding the shares of Reliance Power (Rs.50.45) are suggested to keep holding as Anil Ambani Ground shares is likely to move up now. We are already witnessing good moves in Reliance Capital Ltd (Rs.612) and Reliance Infrastructure Ltd (Rs.582). 3. Buy the shares of Idea Cellular at Rs.84.80, T: Rs.91 - 101. There is nonneed to keep S L as after RJio's Paid service most of the te...
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Today's Calls 1. Buy Idea Cellular at Rs.85.45, T: Rs.89-91, SL: Rs..84.60. Idea Cellular to launch payments bank operations in June. The company, that recently received the Reserve Bank of India's final approval to open its payments bank, is in the process of integrating its systems with those of the National Payments Corporation of India and the RBI. Joining the network will allow it to facilitate interbank electronic transactions . 2. Sudarshan Sukhani says in CNBC TV18: "The chart of Tata Motors is horrible", but the share makes an intraday high of Rs.455.70.This only goes to show how only chart based calls are futile. I have been saying this since more than a decade, but Chartists (mostly the software sellers) fails to acknowledge this facet of trading.....😀 Anyway, if the stock manages to close above Rs.458, then we can look for targets of Rs.472-475, in the short term. 3. The worst in the telecom sector seems to be over, as RJio is now Paid. Moreover, ...
Today's Calls 1. Buy Tata Motors Ltd at Rs.461, for short term targets of Rs.472-475, SL: Rs.457. Tata Motors' pricing strategy works with Tigor; sales crosses over 3,000 units in first month. Encouraging global volumes for its UK subsidiary, JLR, and expectations of a lower hedging loss is attracting investors. JLR's retail volumes grew by 21% year-on-year to 90,838 units in March 2017 due to continued sales momentum for F-Pace and gradual pick up in sales of revamped Discovery after it phased out the old model. In addition, Discovery Sport's volume grew at an unexpected 13% on a higher base. UK sales grew 27% after staying in low single digits in the past five months.Sales growth in North American, China, and Europe was 19-21%. 2. Infosys Ltd declared satisfactory results today amidst demonetisation and US visa pangs. The software services exporter Infosys Ltd has reported consolidated profit at Rs.3,603 crore for the January-March quarter, degrowth of o...
Today's Calls 1. Buy Reliance Power Ltd above Rs.48.20, T: Rs.51-52, SL: Rs.47.60. Reliance Power Ltd on Monday executed agreements with Bangladesh Power Development Board for the first nphase development of a 750-MW LNG power project at Meghnaghat near Dhaka in Bangladesh. The project development will require an investment outlay of nearly $1 billion. Financing of the project is under consideration of Asian Development Bank and a consortium of lenders, said the Anil Ambani Group company in a statement. The markets are probably nervous before the results of Infosys Ltd. Book small intraday profits at Rs.48.50 and wait for the market to stabilize, for fresh entry in Reliance Power Ltd (Rs.48.50). 2. The shares of all telecom companies should spurt after RJio came up with new Paid Offers. The UBS has already mentioned in their research report that from Q1FY18, the fundamentals of telecom companies are set to improve. Therefore, use every dip to buy the shares of RCom (Rs.36....
Today's Calls 1. Buy Reliance Communications Ltd at Rs.37.80, T: Rs.42, SL: Rs.36.50. Reliance Communications (RCom) has laid off over 600 roles in an ongoing effort towards a leaner organisation, according to some media reports. The country's fourth largest telecom company is in merger talks with Aircel and MTS. Company officials asking not to be named said job cuts will help the 7,500-strong RCom integrate workforce when mergers with Aircel and MTS materialise. When RCom announced its merger with Aircel in September 2016, the companies said cost synergies would be about Rs 20,000 crore. Costs would halve following the merger, they said. Much of this will come from job cuts since the infrastructure is already in place and it is unlikely that leasing and rental agreements will change drastically, experts said. 2. Those who are holding Engineers India Ltd (Rs.151.50), can continue to hold with a SL of Rs.147, for targets of Rs.171-175. Any buoyancy in oil an...
Today's Calls 1. Buy Engineers India Ltd at Rs.150.30, T: Rs.175, SL: Rs.146. Engineers India Limited (EIL) is an engineering, procurement, engineering consultancy and construction (EPC) company in the petrochemicals and hydrocarbons industry. The buyback price has been fixed at Rs.157 per equity share for a total aggregate of Rs 658.80 crore. Board of Directors of Engineers India Ltd in its Board Meeting held on March 16, 2017 have declared an Interim Dividend of Rs.2.50 per share (on the face value of Rs. 5 each). 2. Those who are holding DLF Ltd (Rs.154.20) are suggested to keep a SL at Rs.153. But for medium term I would like to shift to Idea Cellular Ltd (Rs.87.40), if DLF Ltd continues to underperform.
Today's Calls 1. Buy Punjab National Bank at Rs.150.50 (BSE), for targets of Rs.157-161. Today many of my earlier recommended bank stocks (Dena Bank, UCO Bank, Federal Bank, etc) are all up; after the RBI decided to keep the repo rate unchanged. 2. Those who have entered Jet Airways Ltd are suggested to exit the counter if Rs.109 is broken on closing basis and Rs.104 is broken, intra - day. 3. Those who are holding Idea Cellular Ltd (Rs.88.40) can continue to add th scrip on declines. Today also the stock is moving up with huge volumes. The targets of Rs.123-127 are still intact. 4. Buy DLF Ltd at Rs.156-157, for very short term weekly targets of Rs.161-162. 5. Those who have been accumulating Gammon India Ltd must be happy today, as the stock touched my first target of Rs.12 and is now trading at Rs.11.70, up more than 11% intraday. The investors can do well to book profits at Rs.11.70-12 and wait for dips for re-entry.
Today's Calls 1. Buy Jet Airways Ltd at Rs.522-534, T: Rs.542 The Oil Marketing Companies (OMCs) have cut the Aviation Turbine Fuel (ATF) price by 5.2% to Rs 51,482/kL in Delhi from April 1, 2017 -- this is likely to have significant positive effects on the bottom lines of Aviation companies, like Jet Airways. Meanwhile, Jet Airways, one of the fastest growing airlines of the country, has reportedly decided to start morning flights from Bhopal to New Delhi from April 12, 2017. The company had earlier announced its plans to further strengthen its domestic network and provide guests with greater choice to connect between Metro cities and Tier-II towns. Jet Airways is India’s premier international airline which operates flights to 67 destinations, including India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations. 2. Those who are holding the shares of Idea Cellu...
Winning Strokes: Think Different 1.Today, my recommended Idea Cellular Ltd at Rs.85.10, today touched Rs.88.10 in the BSE, before closing at Rs.87.65, up more than 3%. The stock today moved up with volume which is around 4-times yesterday's volume. Accumulate the scrip with a price target of Rs.123. Today most of the Aditya Birla group stocks were up. 2. My recommended Future Enterprises Ltd at around Rs.18-18.50, today reached my 3rd and final short term target of Rs.32 (intraday: Rs.32.60), before closing at Rs.30.70 in the BSE. The traders can book profits and invest in Idea Cellular Ltd, as the it Gets Set To Take On Airtel With Its Own Payments Bank. 3. Today Gammon India Ltd (Rs.10.28) closed above a major resistance at Rs.10.20. The investors should do well to hold the scrip with a SL at Rs.10.10. On the fundamental front, the company is doing fine. However, unless and until it closes above Rs.10.45, in both the exchanges, it may remain rangebound. 4....
Today's Calls 1. Buy Idea Cellular Ltd at Rs.85.10, T: Rs.123, SL: Rs.81. Aditya Birla Nuvo Ltd. has got the final nod from the Reserve Bank of India (RBI) to start a payments bank in India, the company said in a stock exchange filing on Tuesday. The stock is currently trading above its 150D SMA. Today it needs to close above Rs.85.35, to confirm its uptrend. Fundamentally the stock is ripe for investment. 2. Those who are holding Reliance Power Ltd from Rs.44 levels, are suggested to book profit st Rs.50, and wait for dips around Rs.47-47.50 for fresh entry.
Today's Calls 1. You can take fresh positions in UCO Bank Ltd at Rs.36.40, T: Rs.39-42, SL: Rs.34.70. As long as the stock is above Rs.36.30, the bulls should not have much problems. The promoters holding in the company stood at 76.67 % while Institutions and Non-Institutions held 16.09 % and 7.25 % respectively. The scrip is currently trading above Photo : Blomberg its 21, 50, 100 and 150 DSMAs. Moreover, str apped for capital, public sector banks are being asked to sell non-core assets as a way to generate funds for growth and to provision against a growing pile of bad loans. In another major development, the RBI has advised UCO Bank, IDBI Bank and Indian Overseas Bank to stay off risky assets so that the financial health of these lenders is not stressed further. So, the worst seems to be over for the bank. Meanwhile, th e employee unions and Uco Bank management have signed an MoU for a turnaround plan, which will decide the future course of action in the bank’s r...