Tit - Bits 1. Today , P C Jewellers Ltd (Rs.30.20) touched Rs.31.85 on the upside riding the retail story, before closing at Rs.30.20. With the GDP growth according to the new method nosediving to 4.50% (old method -- 3%), and uncertainty prevailing, the natural tendency to invest in gold and other precious metals comes to fore. However, if the scrip is able to cross Rs.32/32.50 region with good volume then we can think of higher targets. I shall speak with my sources next week. Many investors ask me why I didn't post in MMB for years. The reason is I don't go to such a filthy place, managed by Moneycontrol manipulators, who pose as admins and take decisions according to their whims and caprices. Moreover most inputs I saw recently, are of junk category. So, not interested. 2. The scrip of Reliance Capital has fallen to around Rs.15.15, while Reliance Infrastructure Ltd closed at Rs.26.40. It is inte...
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Vakrangee Ltd: Update CMP: Rs.40.70 It is interesting to note that in the last year, Vakrangee paid out 90% of its profit as dividends. However, the dividend has been cut by more than 20% on at least one occasion historically. During the past ten-year period, the first annual payment was ₹0.025 in 2009, compared to ₹0.25 last year. Dividends per share have grown at approximately 26% per year over this time. Having said that, it has to be understood that dividends haven’t grown at precisely 26% every year, though this is a useful way to average out the historical rate of growth. But one issue which is a matter of concern is that Vakrangee’s EPS has shrunk at 31% a year over the past 5 years. Such kind of move generally provides instability to a stock price, and this was evident in its erratic movement during the last few years. But then, with a strong net cash balance, Vakrangee Ltd's share...
Tit - bits #The scrip of Future Consumer Ltd (Rs. 26.70) today moved to Rs.27.25 and reached its first target. Hope most of you have booked some profits. To know what to do next, you need to join any of my services. It does matter which country you belong to, as long as you have an internet connection. #The investors / traders having a penchant for risk can buy the "MAD - stock" named, Vakrangee Ltd (Rs.39.75). The promoters are rumoured to be playing in the scrip and hence it has the capacity to move up-to dizzy heights. It is pertinent to mention here that the share shot up from Rs.50 - something in 2015 to more than Rs.500 by January 2018. Life Time high: Rs.515.00 (24-Jan-18). Life Time low Rs.0.46 (09-Mar-09). From the above figures you can understand the quantum of returns the scrip of Vakrangee Ltd can deliver to an investor over a given period. Dinesh Nandwana, promoter of Vakrangee, bought 31 lakh shares of the...
P C Jewellers Ltd: Buy The investors with short to medium term perspective can buy the shares of P C Jewelers Ltd near the CMP of Rs.30.30, for short term targets of Rs.41/66. SL: Rs.27. The Book Value of the shares of the company is Rs.99.67 and the Market Cap is only Rs. 1,196.86 Crore 4 (Four) Principal Triggers : The US has imposed a 10% duty on Chinese gems and jewellery items from September 1, 2019, which will indirectly help the Indian diamond sector. The items that will come under this tariff net are diamonds, cultured and natural pearls, rubies, emeralds, and sapphires, synthetic precious stones, including diamonds, silver jewellery, gold necklaces and neck chains and religious jewellery. The NDA government has increased duty drawback rates for gold and silver jewellery, a move that would make Indian exports from these sectors more competitive in the global market. This notification shall come into effect from November, 2019. The government's decisi...
Tit - Bits #Today the shares of Future Consumer Ltd moved to Rs.26.45 before closing at Rs.25.65. Tomorrow you can book some profits near the 1st target. # MRPL (Rs.48.15) is likely to get merged with HPCL in 2020. Those who have a slightly longer term view, should buy this scrip and hold. It is a sure shot profit giving stock for the medium to long term. #The stock of SAIL (Rs.38.60) is consolidating at the current ranges. You can keep holding with the Stop Loss mentioned earlier. #Tomorrow, I'll recommend a short term momentum counter by 10 am in the morning in this blog. Stay tuned. And don't, play in my recommended counters without the use of appropriate stop loss. Those who have portfolio size of around Rs. 3 - 5 lakhs can seek my help, to make money on profit sharing basis (ratio --> 70:30), with new theories and result orient approaches. You also don't need to open a fresh Dmat account. You ca...
Tit - bits #The scrip of Steel Authority of India Ltd which was recommended at around Rs.37, last week, in this blog made a high of Rs. 40.35 today. You can book some profits and keep the rest with a SL of Rs. 38.50. #Those who have a time frame of 2/3 months can buy the stock of Future Consumer Ltd (Rs.23) and hold.... It belongs to the reputed Future group of companies and would get benefited as consumer demand starts to improve from Q3FY20, due to festive and winter demands.
Mangalore Refineries and Perrochemicals Ltd (MRPL): Buy CMP: Rs.48.40 Short Term Targets: Rs.61/66. Book Value: Rs.61.21 Dividend Yield: 2.06% SL: Rs.45 Introduction : Mangalore Refinery and Petrochemicals Limited (MRPL) is a schedule ‘A’ Miniratna, Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. MRPL is located in a beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India). The 15 Million Metric Tonne Refinery has got a versatile design with complex secondary processing units and a high flexibility to process Crudes of various API, delivering a variety of quality products. MRPL, with its parent company Oil and Natural Gas Corporation Limited (ONGC), owns and operates ONGC Mangalore Petrochemicals Limited (OMPL), a petrochemical unit capable of producing 1 Million Tonnes of Para Xylene. OMPL, situated in the adjacent Mangalore Special Economic Zone ( MSEZ), is integrated with t...
United Bank of India Ltd: Buy CMP: Rs.8.80 Book Value: Rs.14.24 Market Cap: Rs.6573.71 crore Industry P/E: Rs.174.85 Targets: Rs.17/21. Photo : Business Standard Introduction : United Bank of India is a public sector bank. Government of India holds 96.83% stake in the Bank (as on 30 September 2019). Financials: United Bank of India reported a spectacular set of numbers for the Q2FY20. It came up with a profit of Rs.124 crore for July-September period against loss of Rs.883.2 crore in the same period last year -- a brilliant performance indeed. Net interest income grew by 74.60% year-on-year to Rs.773 crore in the quarter ended September 2019. Gross non-performing assets (NPAs) as a percentage of gross advances declined 38 Bps sequentially to 15.51% and net NPA as a percentage of net advances dropped 31Bps QoQ to 7.88 percent in Q2FY20. Provisions and contingencies fell sharply to Rs.436.4 crore in the September quarter against Rs.571.6 crore in ...
Some of my recent recommendations & Conversation with Blog Visitors: Central Bank of India recommended at Photo : Internet around Rs. 17/17.50 moved to Rs. 24.75. Sarda Energy and Minerals Ltd recommended at around Rs. 167 made a high of Rs. 187 - plus. Reliance Capital Ltd recommended at around Rs. 17.50 made a high Rs. 24.75 and is hitting continuous Upper Circuits since then. Reliance Infrastructure Ltd recommend at around Rs. 35 made a high of Rs. 46 - plus and is continuously hitting Upper circuits since my recommendation. Den Networks Ltd recommended at around Rs.47/48 has closed at Rs.44.40 yesterday after my write up in Facebook. The stock though fundamentally strong has seen selling in tandem with the selling in the media sector on the fear that Mukhesh Ambani could create disruptions in the sector akin to his Telecom blockbuster; with his mega project piggybacking on optic fibre. If you are not a risk t...
Den Networks : September Quarter Results DEN Networks Ltd posted a consolidated quarterly net sales of Rs.332.42 crore in September 2019, a 1% rise from Rs.310.37 crore in the corresponding period last year, according to reports. Net profit stood at Rs.14.72 crores, up from Rs.(-)28 crore in the previous year. EBITDA is up 63.79% from Rs.55.51 crores in September 2018, to Rs.90.92 crore in September 2019. DEN Networks Ltd's earnings per share (EPS) has risen to Rs.0.30 from Rs.1.44 in September 2018. Note : Due to some problem in my mobile and also on account of severe viral attacks on my computer system,I have not been able to access the internet and social media since some days. Hope the things will get streamlined within a couple of days.