Thursday, December 12, 2019

Tit - bits
#Buy the shares of United Bank of Ltd at
Photo: Banyan Hill Publishing 
around Rs.8.50, for short term targets of Rs.11/11.50. 
Recently, the PSBs: United Bank of India and Oriental Bank of Commerce have been merged with Punjab National Bank, making the entity the second largest public sector bank (PSB) -- this gives it a considerable scale and value. It is a safe investment in this Yo -Yo markets.

# Buy the shares of 63 Moons Technologies
Ltd (Financial Technologies Ltd) at around Rs. 102.30/104, for short term targets of Rs.127/131. We are getting all the positive news about the company since the last few months.
With current dispensation in Delhi after the former FM, P Chidambaram & Co, who actually nailed the rumored BJP man Jiggesh Shah, I feel the scrip of 63 Moons Technologies Ltd would now,  move up. In fact63 Moons technologies filed a legal suit on June 12 against the former finance minister P Chidambaram and two senior bureaucrats; accusing them of taking "malicious and malafide" action against it in connection with the Rs.5,600 crore NSEL scam

#Today the shares of P C Jeweller Ltd are up by more than 8% and touched Rs.24 intraday. It is now trading at Rs.23.20, but don't get tempted to buy immediately. I would suggest you to not to enter the scrip till it gives a closing above Rs.24, with good volume. 
The Hallmark issue is likely to give lot of Pain, to the jewellery companies. Also,  though the commerce minister Piyush Goel, spoke of reducing the import duty for gold from 12.50% to 10%, but nothing much has moved, till now.

#The Nifty has bounced from 11850/11900 levels and I feel the intermediate correction is over for the time being. The market will now track budget,  which is just an arm's length away from the current timeline. Use dips to buy good scrips at reasonable valuations. This is the month of December and the year end rally in stock market has begun. Remain invested.

#I have the pleasure to announce that yesterday,  this blog: SumanSpeaks, received 3437 (three thousand, four hundred and thirty seven) Pageviews,  which is its all time high record,  for a single day.
My sincere thanks to all the Blog visitors, especially to those who are with me since more than a decade.....🙏🙏

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