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SumanSpeaks Capital Markets & Geopolitical Intelligence  ·  Estd 2006   Insolvency Law · Corporate Accountability When the Law Works Exactly as Designed — And Still Feels Wrong ₹22,006 crore in personal guarantees. Settled for ₹6.5 crore. Approved 80.81% to a minority that included two public sector banks — with the tribunal's own bench divided before a tie-breaking member stepped in. Subhash Chandra (Goenka), founder of the Essel Group and promoter emeritus of Zee, has settled a personal guarantee liability of ₹22,006 crore for ₹6.5 crore. The National Company Law Tribunal approved the plan this week. The case began small. In 2022, Indiabulls Housing Finance — now Sammaan Capital — moved against Chandra over a personal guarantee on a ₹170 crore loan to Vivek Infracon. By the time the insolvency plea was admitted in 2024, admitted c...
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#As expected the scrip of National Fertilisers
Ltd (Rs.27.85) broke out of the current ranges and made an intraday high of Rs.28.40.  
Meanwhile, Vegetable inflation for December stood at 60.50% against 36% in November. If you remember, I had mentioned earlier how food inflation is positive for the fertilizer stocks.
With Food inflation shooting over the roof, I'm expecting the scrip to make a new 52 - week high. Buy on every dip. 

#Congratulations to those who invested in the scrip of Texmaco Rail and Engineering Ltd (Rs. 42.15) at around Rs.34 and then averaged when its price fell to around Rs.29. Those who have bought the scrip should book 50% of profits and hold the rest with a SL of Rs. 37.

#Today's BTST recommendations to Premium Members and to the clients of my Associate brokerage houses:
  1. Buy Praj Industries Ltd at Rs. 116; T: Rs.119 - 124; SL: Rs.111.50.
  2. Buy PFC at Rs.124.50;  T: Rs.128 - 132; SL: Rs.121.50.
#Buy the shares of Castrol India Ltd at around Rs.127 for short term targets of Rs.132/137. It is a DEBT FREE company.
The year 2019 ended on a mixed tune for the auto industry with carmakers such as Maruti Suzuki and M&M posting a growth in domestic passenger vehicle wholesales in December while players like Tata Motors, Hyundai, Honda and Toyota witnessed a decline as many manufacturers adjusted deliveries to dealers ahead of the transition to BS-VI vehicles. We can slowly, expect the growth in this sector to pick up in 2020.

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