Tit - bits

#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.