SumanSpeaks: The Information Super Highway

Market Mantra  1. Buy Prajay Engineers Syndicate Ltd at Rs.11.20, T: Rs.15.50, SL: Rs.9.  Prajay is a Richa Gangopadhyay at Prajay Megapolis Lucky Draw Hyderabad based real estate company, gives you more than just real estate. Prajay has been transforming the Hyderabad landscape for the last two decades by developing landmark residential and commercial properties in the twin cities. The company has also made its mark in handling Hospitality projects. With Prajay, your search for perfection and value for money is rightly met. 2. Exit from RCom Ltd (Rs.20.20), as the company is in severe cash crunch and has no money to pay for interest; forget the capital. 3. Those who are holding Tata Steel since Rs.220, should book complete profits at Rs.520...and look for other steel counters which looks undervalued. One can try SAIL at Rs.57.40, T: Rs.72, SL: Rs 52.60.

Winning Strokes: Think Different Idea Cellular Ltd yesterday moved to Rs.93, before closing at Rs. 92.35. The scrip if you remembere was recommended at around Rs.77-78, with a strong buy recommendation. The targets for the stock remains Rs.125-127, as the government has formed a panel to look into the owes if the telecom sector. Reliance Communications Ltd rose to Rs.33.20 before closing st Rs.32.45, down 1.52%. However, the fall has been with low volumes especially on a day like Friday, indicating that selling is probably coming to an end. I am hopeful of targets of Rs.41-42, in the coming few weeks. RCOM is likely to be taken over by RJio, in the near future; till then any positive move for RJio is positive for RCom as it gets royalty income from the latter (infrastructure, spectrum Sharing, etc). Yesterday, UCO Bank (Rs.41.70) moved to Rs.42.20 before closing flat, while Dena Bank (Rs.40.15) nosedived to Rs.40, intraday before closing near the days low. If you remember...

Winning Strokes: Think Different Today was the day for telecom stocks as most of them surging more than 2% intraday. At one time my recommended Bharti Airtel was up more than 9%, as the stock closed the at Rs.372.75 up more than 7%. The RCom closed at Rs.33.10, up 1.85% (Intra day high of Rs.33.85). Now, as RJio continues its paid packages and government takes initiative to revive the sector, the investors can look at this sector once again for some decent future gains. Dena Bank Ltd which was recommended at around Rs.37, last months today made a new 52-week high of Rs.50 in the BSE. Another of my recommended counter in the PSU banking space UCO Bank Ltd closed at Rs.41.75 in the BSE after making an intra day high of Rs.43-plus. The investors are suggested to book profits in both the counters. Shilpi Cable Technologies Ltd (Rs.74.65) continues to hit the lower circuits, after it broke a major support at Rs.117. I am expecting the share to go below Rs.70. Therefore, keep awa...

Buy: Telecom Stocks An inter-ministerial committee being set up by the government to look into the financial woes of the telecom sector would have about three months to hand over its views and solutions to the government.  According to people in the know, the panel is likely to have six to eight members, including two from the telecom department and one each from the departments of revenue and economic affairs.  The panel would look into issues related to the sector’s financial health, which has taken a beating due to cut throat competition triggered by the entry of RJio reports the ET. In another significant positive development: India's telecom subscriber base, mobile and landline combined, touched the 1.18 billion mark at the end of February 2017, growing 1.17 per cent over the previous month, according to regulator Trai. Reliance Communication Ltd will now move towards Rs.40-41, Bharti Airtel (Rs.351.25) towards Rs.370-380 and Idea Cellular Ltd (Rs.87.5...