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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...
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Market Mantra
1. The 4th Recommendation to the Special Group has hit the upper circuits today. This will give at
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least 25% return from the current price. What is the name of the scrip?

2. Let me give you the name of the 3rd Recommended Stock from the Super Premium Pack: the company is owned by an influential politician from Telengana (earlier Andhra Pradesh) Mr.Nama Nageswara Rao. If you remember my Renuka Choudhury episode, which happened some years back, then  you must have heard his name. He is the owner of the infrastructure company Madhucon Projects Ltd (Rs.31.10). One interesting point is that the company has gone back to the EPC (engineering, procurement and construction) model, where investments and risks are lower. The firm which started off with EPC business and later became asset-heavy, is beginning to demerge or monetize its operational build, operate and transfer (BOT) road assets. It sold stakes in some operational BOT assets in the past and are looking to exit more assets. The company, which has several road projects under its portfolio, has taken to arbitration in resolving issues relating to some of them. The company now has an order book of Rs.5851 crore, which includes new orders of Maharashtra road projects of Rs.1137 crore and Bangalore Road works package 2 of Rs.598 crore. The company said it expects new orders worth Rs.10,000 crore during 2017-18. 
I reiterate that its management has stated that, it is now fully focusing on EPC projects and item rate project works, rather than BOT mode projects.You can buy this stock for short term targets Rs.39-41.

3. Adani Ports and SEZ Ltd (Rs.407.50) was recommended yesterday at around Rs.396, SL: Rs.391, T: Rs.406 on T+2 basis. Today, it has made a high of Rs.409.75. The traders are suggested to book profits. 

4. The scrip of HDIL is today again at Rs.61.50-62. Those who could not or did not buy earlier can take position in the scrip with a SL of Rs.57, for targets of Rs.65-67-71..

5.  Intra-day short Natural Gas at around Rs.196,  SL above Rs.197, T: Rs.194. Softening of oil prices and a global supply glut are forcing LNG exporters to offer better deals to retain their share in global energy markets. Recently, the Indian company Petronet LNG successfully renegotiated with Australia's Gorgon project, for lower LNG prices.

6. PICK OF THE WEEK (Brokerage Call): Buy Cummins India Ltd at around Rs.935, SL: Rs.900 T: Rs.1005-1020.

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