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 interesting to note that while Anil Ambani is speaking of Rs.35,000 debt payment by ADA Group, post downgrade by CARE in September certain lenders have initiated acceleration of various facilities. According to a media report, this happening has triggered consequential demands for immediate payment of amounts that were otherwise due and payable in a phased manner over the next eight years till March 2028, as per the original terms of lending. Therefore,  with no clear visibility in the near term horizon,  I would suggest the investors and traders to stay away from both the counters.

Imp: I would probably recommend a new scrip on Monday,  after 10 pm.  Those, free members who are interested to take cues from my views can visit my blog on that day.