Tit - bits
The barometer BSE Sensex surged 419.87 points or 1.16% to close at 36,471.68, while the Nifty 50 index soared 121.75 points or 1.15% to end the day at 10,739.95.
In the broader market, the BSE Mid-Cap index rose 0.71%, while the BSE Small-Cap index fell 0.13%.
Sellers outpaced buyers. On the BSE, 1078 shares rose while 1528 shares fell. A total of 164 shares were unchanged.
IT major Infosys Ltd jumped 9.56% to Rs.910.90 after its net profit rose 11.45% to Rs.4,233 crore on 8.54% increase in net sales to Rs.23,665 crore in Q1 June 2020 over Q1 June 2019.
#Those who have not booked profit in Bank Nifty 23000 strike price call options of 30 July Expiry can continue to hold with targets and SL in mind.
You must have read the media reports that China's economy rebounded from a painful contraction to grow by 3.2% Y-o-Y in the latest quarter, as anti-virus lockdowns were lifted and factories and stores re-opened. In the same way, we are getting unconfirmed information that we are perhaps attests the last leg of Covid - 19 pandemic in Mumbai. Once, the schools and colleges starts to reopen the banks which are a barometer to any economy, will start to pick up steam.
It is interesting to note that after I started with options this time, both my earlier (last two day's) calls came out to be 100% accurate. Stay tuned!
#Buy the shares of Virinchi Ltd near Rs.27/28, for short term targets of Rs.33/34. SL: Rs.25.
It has a book value of Rs.
Vrinchi Ltd is engaged in software development business and has its headquarters in Hyderabad, India. Its business is diversified into software products and services, IT enabled services and infrastructure services.
It has a Market Cap of only Rs.93.25 Cr, P/E of 5.53 against the Industry P/E of 21.75 and Book Value of Rs.81.10. Its March quarter EPS on consolidated basis is Rs.3.29.
#The shares of Spandana Spoorty Financial Ltd (Rs.605) is hitting LCs after profit booking was suggested in the counter. The stock might find support at around Rs.499/500, where you can again return enter.
#The shares of GVK Power and infrastructure Ltd (Rs.2.24) has been continuously hitting newer lows everyday.
I remember, around a couple of years back, many of the business channels especially ET Now and CNBC TV18 were happily canvassing the views of Porinju Veliath, a well known NaMo sympathetic operator.
These people at that time were giving high targets even at Rs.18/19, much to my displeasure. As a result the stock zoomed to around Rs.25/26.
I wrote many times about this in my old Twitter account and also in this blog. But in a country, where is hero worship is given higher priority, such things are normal. Therefore, I don't get surprised when Bhuban Bam's semi porn channel, B B Ki Vines, gets so many YouTube subscribers -- even females are seen applauding his otherwise raw presentations.
Anyway coming to the main topic, the business channels and Porinju Veliath are now nowhere to be seen, as usual. But when stock flies, you will see smiling TV anchors repeatedly announcing the credit of the recommender.
However, you must have noticed that these days the frequency of Porinju Veliath's TV visit and his dumping of YouTube videos have also slowed down.
I remember the harsh demonetisation days, when Porinju Gang, was blindly backing the stupidity of Narendra Modi, justifying the move.
It has a book value of Rs.
Vrinchi Ltd is engaged in software development business and has its headquarters in Hyderabad, India. Its business is diversified into software products and services, IT enabled services and infrastructure services.
It has a Market Cap of only Rs.93.25 Cr, P/E of 5.53 against the Industry P/E of 21.75 and Book Value of Rs.81.10. Its March quarter EPS on consolidated basis is Rs.3.29.
- At the end of last year, the company got a Rs.20 Cr order Aadhar enrollment order in Telangana and will be realized over 2 years (end of 2021).
- The Board of directors of Virinchi Ltd in its meeting held today, has considered and approved the launch of 'vCard - India's First UPI Based Credit Card' on September 28, 2019.
- vCard (www.vcard.ai) is India's first UPI based credit card and a lending solution, delivered as a Mobile App, thereby allowing: paperless credit card set up, UPI based payments to any QR & contextual customer engagement based on location & spending behavior.
#The shares of Spandana Spoorty Financial Ltd (Rs.605) is hitting LCs after profit booking was suggested in the counter. The stock might find support at around Rs.499/500, where you can again return enter.
#The shares of GVK Power and infrastructure Ltd (Rs.2.24) has been continuously hitting newer lows everyday.
I remember, around a couple of years back, many of the business channels especially ET Now and CNBC TV18 were happily canvassing the views of Porinju Veliath, a well known NaMo sympathetic operator.
These people at that time were giving high targets even at Rs.18/19, much to my displeasure. As a result the stock zoomed to around Rs.25/26.
I wrote many times about this in my old Twitter account and also in this blog. But in a country, where is hero worship is given higher priority, such things are normal. Therefore, I don't get surprised when Bhuban Bam's semi porn channel, B B Ki Vines, gets so many YouTube subscribers -- even females are seen applauding his otherwise raw presentations.
Anyway coming to the main topic, the business channels and Porinju Veliath are now nowhere to be seen, as usual. But when stock flies, you will see smiling TV anchors repeatedly announcing the credit of the recommender.
However, you must have noticed that these days the frequency of Porinju Veliath's TV visit and his dumping of YouTube videos have also slowed down.
I remember the harsh demonetisation days, when Porinju Gang, was blindly backing the stupidity of Narendra Modi, justifying the move.
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