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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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#National Fertiliser Ltd recommended at
Rs.27.10 today made a high of Rs.31.40 today and is now trading at Rs.30.75. Traders are suggested to hold with a SL at Rs.29.70.

#The stock of Radio City (Music Broadcast)  today made a high of Rs.29.90 and is now seen at Rs.28.80. The non risk taking investors are suggested to book some Profits.

#Buy the scrip of Bharat Heavy Electricals Ltd (BHEL) at around  Rs.44.50, T: Rs.48/52, SL: Rs.43.50. At the end of October, 2019, there were media reports that the rokerage firm CLSA upgraded the stock to 'Buy' from 'Sell' owing to the benefits that the company could reap due to government's stake sale.

#Exit the shares of Reliance Capital Ltd (9.50) and Reliance Infrastructure Ltd (Rs.21.20). Both of them could go for further correction after last week's NPA news.

#Buy the shares of P C Jewelers Ltd at around Rs.23.20/23.30, for short term targets of Rs. 31/32.
India is considering signing a bilateral agreement with Russia to reduce import duties on processed diamonds and jewelry, according to the chairman of the country’s Gem & Jewelry Export Promotion Council (GJEPC), Sanjay Shah. India imports rough diamonds from Russia worth around $3.5 billion.  If the duties are reduced or zeroed, trade between India and Russia will flourish. The two countries have been developing cooperation in the diamond industry in recent years, with Russia’s Alrosa and India’s GJEPC considering preferential tax treatment for diamond trading.
India is the world’s largest diamond cutting and polishing center.

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