Market Mantra 1. Buy Videocon Industries Ltd at Rs.26.70, for short term targets of Rs.33-34. The medium term targets could be Rs.61-67. 2. Mandhana Industries Ltd (Rs.11.50) is being hammered by operators before they enters. The subsidiary company, Mandhana Retail Ventures Ltd is backed by big bull Rakhesh Jhunjhunwala and seasoned market man, Ramesh Damani.
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Made in Foreign One of the chief slogans of Narendra Modi's government has been "Made in India". U nder this 'strategic partnership' model, select private firms were supposed to build militarly platforms like fighter jets, submarines and battle tanks in collaboration with foreign defence majors. But hereto what we got on the plate is altogether a different preparation or we are till now witnessing " Made in Foreign Campaigns", at the cost of foreign exchange and BOP. Earlier, there were murmurs (Rumors) that these multi-billion dollar contracts generate high kickbacks. A visibly honest defence minister has been sent back to his home state, Goa. Who will be the new full time defense minister is anybody's guess. According to a recent news report, Fifty-eight contracts involving Rs.1.21 lakh crore were signed by the government with foreign defence firms in the last three fiscals for procuring aircraft, helicopters and weapons systems for...
Winning Strokes: Think Different Future Enterprises Ltd recommended at around Rs.18.50, yesterday made a new 52-week high and closed at Rs.38.65 in the NSE. The next natural target comes around Rs.41-42, if Rs.37.50-37.70 holds. Meaningless selling by the operators is pushing down the shares of Mandhana Industries Ltd (Rs.11.65) to some unbelievable levels. The company has a debt of only Rs.800 Cr and is doing SDR. It's retail arm us backed by ace investors like Rakhesh Jhinjhunwala and Ramesh Damani. Reliance Defense and Engineering Ltd is consolidating at around Rs.59-60, before the next round next round of upmove. This stock.like my other recommended counters like Vedanta Ltd, Himdalco Ltd, etc will invariably make new 52-week high. Keep accumulating at dips with a SL of Rs.58. Note: I am not keeping well.since the last few days. Hence, this blog may/may not be updated regularly.
Mandhana Industries Ltd: Accumulate CMP: Rs.12.35 A buy was initiated in Mandhana Industries Ltd considering its low debt of around Rs.800 Cr and P/BV ratio of 0.07 at around Rs.13.50 some days back. Maintaining a positive stance, the investors are suggested to continue to accumulate the scrip on every decline since: (i) This is the parent company of Mandhana Retail Ventures Ltd, which has a debt of only Rs.800 Cr, inspite of its sales getting hit by Narendra Modi's destructive economic policies, like demonetisation. (ii) The bankers have already invoked, strategic debt restructuring (SDR) and the company is in the process of completing all the formalities of the invocation.... (iii) The Mandhana Retail Ventures Ltd (Rs.163.50) is backed by the Bollywood film star, Salman Khan and the ace investors Rakesh Jhunjhunwala and Ramesh Damani. Rakesh Jhunjhunwala is having a member in its board. The retail arm is almost debt free. (iv) Yesterday, the percentage of deliverabl...
Mandhana Retail Ventures Ltd CMP: Rs.164.30 This is the retail division of Mandhana Industries Ltd (Rs.13.57), w hich currently has 60 Exclusive Brand Outlets (EBOs), 259 Shop-in-shops (SIS) and presence in 22 states and 68 cities, is planning to open 20 new stores every year. As of 30 June, 2017, the ace investors Rakesh Jhunjhunwala and Ramesh Damani hold 12.74% and 1% shares of the company, respectively. Promoters Pledge Holding(Rs.Cr.): 92.52. Mandhana Industries Ltd CMP: Rs.13.57 Mandhana Industries Ltd is a vertically integrated textile and garment manufacturing company in India. The company produces fabrics for the domestic market and garments largely for exports. They are having their presence across operations ranging from yarn dyeing to garment manufacturing. Their business includes designing, yarn dyeing, weaving, processing, dyeing and garment manufacturing. The company operates in two segments namely, Textiles and Garments. The Textiles se...
Winning Strokes: Think Different Mandhana Industries Ltd hit another buyer freeze in both the exchanges and it closed at Rs.14.21 in the BSE. Congratulations to all those who bought the scrip reading this blog. Reliance Defence and Engineering Ltd today clocked a huge volume of more than 38 lakh shares and closed at Rs.61.10, marginally down from its previous closing price. Also, the percentage of Deliverable Quantity to Traded Quantity was whooping ~50%, which means large scale accumulation is going on in the counter as the shares are changing ownerships. The stock is currently placed above its 50D, 100D, 150D and 200D SMAs and EMAs, which itself is a bullish indicator. I have mentioned earlier that this stock will make fresh 52-week high in the coming days; so remain invested. Unitech Ltd further tanked to Rs.7 today after profit booking was suggested in the counter some days back at around Rs.8.50-8.70. It is expected to slide down further and come near Rs.6. It ...
Reliance Communications Ltd: What to do? CMP: Rs.24.30 Photo : Evolution Athletics Off late the shares of RCom has been moving up, on the news of a debt restructuring (debt reduction) plan and stake sell. It has steadily moved upngrom the 52 -week low price of Rs.17.80 to the CMP of Rs.24.30 in both the exchanges. It is pertinent to mention here that, the telecom sector is passing through a financial crisis. There is a huge combined debt of more than Rs.4.5 lakh crore on the mobile operators. RCOM has a debt of more than Rs.42,000 crore, while its EBITDA is about Rs.4,600 crore. The government has set up an inter-ministerial group to address the issue of financial stress of the telecom companies. Also, RCOM wrote a letter to IMG on 4th July, asking it to do away with the 10% cross holding norm, so that it will be able to sell its equity to the existing operators. In such a situation, only two companies are in a position to buy RCOM’s equity – Bharti Airtel, which...
Winning Strokes: Think Different Mandhana Industries Ltd (BSE: Rs.13.54 and NSE: Rs.13.50), hit the Upper Circuits today in both the exchanges. Congratulations to those who bought the scrip on my suggestion. Reliance Defence and Engineering Ltd (Rs.62.65) today closed near the day's high of Rs.62.90. The scrip will make new 52-week highs in the coming days. Remain invested and accumulate in intraday dips. The investors can keep a SL at Rs.61.60. There are more chances for the scrip to go up from here than go down -- MACD, PPO, etc are in Buy Mode. If Rs.67.70 is crossed, the immediate targets are Rs.72-77. The stock of RDEL is currently trading above its 50D, 100D, 150D and 200D SMAs and EMAs, with the chance of a "Golden Cross" happening in the short term, which is very BULLISH. According to ET, 11 July, 2011: Reliance Infrastructure of Anil Ambani-led Reliance Group has received government approvals for its planned $1-billion greenfield aerospace park near...
Today's Short Term Call Buy Mandhana Industries Ltd at Rs.12.35 (BSE) or Rs.13.45 (NSE) for short term targets of Rs.17-21. Being Human, the retail division of Mandhana Industries, which currently has 60 Exclusive Brand Outlets (EBOs), 259 Shop-in-shops (SIS) and presence in 22 states and 68 cities, is planning to open 20 new stores every year. Being Human, a clothing line with a heart was launched by Salman Khan, India’s A-list cine-star in 2012 and is globally licensed by The Mandhana Retail Ventures Ltd.
Winning Strokes: Think Different 1. Rolta India Ltd (Rs.60.20) moved to Rs.65.40 yesterday. The stock was recommended some days back at Rs.51.70-51.50 and later when it moved to Rs.53-54.85 profit booking was suggested, with future entry above Rs.54.70. Hope, you have made some money in the scrip. 2. Unitech Ltd, tanked to Rs.7.55 yesterday in the NSE, after touching an intra-day high of Rs.8.55. The scrip if you remember was recommended around Rs.5.05-5.25, some weeks back. Hope most of you who entered above Rs.6.50, make a short term killing in the scrip. 3. My recently recommended Reliable Defense and Engineering Ltd (Rs.62.10) moved to Rs.64.10, in the NSE, yesterday. Narendra Modi's maiden visit to Israel has brought positive sentiments in defense related stocks among the investors; as the Prime Minister has clocked and locked deals and has firmed up economic ties with the technologically advanced and innovation-driven nation. On the other side, his Israeli counter...
Important 1. Buy Reliance Defense and Engineering Ltd at Rs.61.50-62, for short term targets of Rs.72-73. As Photo : The Hindu mentioned on Facebook yesterday, any border dispute is positive for the defense related companies; just on sentimental point of view. The stock is having a strong support at around Rs.61.50-61 ranges, which I believe will not be broken in the short term. However, please do keep a SL of Rs.58, for any short term play. 2. Those who are holding Rolta India Ltd (Rs.54) can book profits and exit the counter as the stock is not taking up the positive triggers. You can again enter, when it gives a closing above Rs.54.70. 3. Those who are holding Unitech Ltd since Rs.5-5.25, can book complete profits at around Rs.8.75-8.25 and exit the counter. The GST and RERA seems to be negative for the real estate companies, especially those who are having high debts. If you remember, I recommended the scrip before the GST came into effect. 4. Those who...
Winning Strokes: Think Different Today, my recommended Unitech Ltd (Rs.7.80) hit the Upper Circuits in the NSE. I mentioned some days back in this blog, that Unitech Ltd would do well, if it closes above Rs.6.50; which happened yesterday. However, Unitech Ltd is beset with many problems, apart from the negative impact due to GST. The investors are therefore suggested to book some profits and hold the rest with a SL of Rs.7.20. Rolta India Ltd (Rs.53.20) went for some intermediate correction after it broke out of the previous range. The traders are suggested to accumulate the scrip on Intraday declines for targets of Rs.92-97.
Rolta India Ltd: Buy CMP: Rs.51.55 For the full year FY17, the net profit of Rolta India Ltd, declined 15.34% to Rs.105.49 crore in the year ended March 2017 as against Rs.124.60 crore during the previous year ended March 2016. Thus Rolta India Ltd is still a profit making IT company, whose large chunk of revenues come from domestic space and hence not much affected by currency fluctuations. Sales declined 20.48% to Rs.1454.91 crore in the year ended March 2017 as against Rs.1829.71 crore during the previous year ended March 2016. ......but it is surprising that the shares of Rolta India Ltd (Rs.51.55) are trading well below its book value Rs.173.39....only because of debt....??!! But inspite of high debts the shares of Adani Groups are flying, same is the case of DLF Ltd, HDIL and many such companies. Rolta India Ltd's market cap is only Rs.848.21 Cr against FY17 turnover of Rs.1454.91 Cr. It has an EPS of Rs.6.40 (standalone basis). Th...