Tuesday, February 11, 2020

Tit - bits 
#The Indian markets as expected has once again
Photo: Investor place
became Bull Heavy.  The BSE Sensex is now trading at 41,302.86 up 323.24 points (+0.79%), while the Nifty is now seen at 12,131.80 up 100.30 points (+0.83%). As long as Nifty holds 12,000/12,100, the Bulls need not have to worry much. The action would now slowly shift towards small and mid cap counters. 

#The scrip of National Fertilisers Ltd (NCL)
Source: www.bseindia.com
today moved to Rs.25.15 after bouncing from Rs.24.80/24.90 ranges. It a mini Ratna PSU and has a dividend yield of around Rs.7.47% at the CMP of Rs.24.90 and cash EPS of around Rs.5.33 and FY20 Expected EPS of around Rs.6/7. Another thing, Yesterday,  the percentage of Deliverable Quantity to Traded Quantity was a whooping 83.97%.
The medium and long term investors should have this scrip in their portfolios. I am sure over a term, patient investors would definitely get good returns. 

#This market is chasing Growth Vs valuation,  which I believe is not likely to succeed too long. As there is a limitation, of buying high P/E scrips on the hope of near miracle growth. Therefore,  buy the shares of companies which have value in them in any form: say high dividend yield, low debt, debt supported by receivables, solid business model, expansion about to complete, balance sheet improvement, better ROI, etc. Therefore, buy value instead of high P/E companies.

#The scrip of Wockhardt Ltd (Rs.406) which was repeatedly recommended in this blog starting from Rs.237 has today made an intraday high of Rs.411.65. Those who are still holding the scrip should book some profits.

#Today's purely chart based call: Buy the shares of RBL Bank Ltd at the CMP of Rs.341.85, for short term targets of Rs.353/367. SL: Rs.326.
The stock seems to be on the verge of breaking out of long consolidation phase. It has managed to clear both the 50D and 21D  EMAs.

#The scrip of Reliance Capital Ltd (Rs. 7.45) today hit another lower circuit.  Also, the share of Reliance Infra (Rs.20.40) is  also likely to make a new 52 - week, LOW.  I would therefore, suggest you to not to enter any ADA Group Company share at the present moment. Stay away from ADA Group.

#Yesterday's recommended scrip HSIL (Rs.54.80) around Rs. 53, today made an intraday high of Rs. 55.40 before cooling down a bit.  You can hold the scrip,  with the stop loss mentioned earlier. 

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