Tit - bits
#My recent recommendations are doing fine. Today, even the shares of Dhanlaxmi Roto Spinners Ltd is up more than 7% at Rs.19.80. This is a good company with unique products, but you need to have patience and keep holding with a strict SL at Rs.16 60. However, short term traders can exit in intraday rises.
#The last week recommended counter Future Supply Chain Solutions Ltd (Rs.158.90) at around Rs.148/149 has hit the upper circuits today, with around 4 million pending buy orders. This Future group company has comparatively less debt as compared to its peers, from the same pedigree. You should hold, with targets mentioned earlier. Now, kindly advance the SL to Rs.156, from Rs.151.
#I am today disclosing the name of the company where we invested around Rs.5, few months back, on a rumour that company is likely to start full fledged production after 15 August, 2020. For this I visited Boisar, in Greater Bombay several times. The name of the company is Bombay Rayon and Fashions Ltd (Rs.14.70).
I had also mentioned several times in this blog, about having some source based information on a small cap counter. I have passed this information to all who are closely associated with me. The stock should reach Rs.17/18, in the coming days. However, those who have entered at around Rs.10 or below, should book some profits. Keep watch.
#Buy the shares of ONGC Ltd at around Rs.81/82, during intraday dips for short term targets of Rs.89/90/96.
#I am today disclosing the name of the company where we invested around Rs.5, few months back, on a rumour that company is likely to start full fledged production after 15 August, 2020. For this I visited Boisar, in Greater Bombay several times. The name of the company is Bombay Rayon and Fashions Ltd (Rs.14.70).
I had also mentioned several times in this blog, about having some source based information on a small cap counter. I have passed this information to all who are closely associated with me. The stock should reach Rs.17/18, in the coming days. However, those who have entered at around Rs.10 or below, should book some profits. Keep watch.
#Buy the shares of ONGC Ltd at around Rs.81/82, during intraday dips for short term targets of Rs.89/90/96.
State-owned Oil and Natural Gas Corporation (ONGC) recently said its board will meet on September 1 to consider raising funds of up to ₹45,000 crore. The board will also consider and approve the company's financial results for the June quarter on the said date, ONGC said in a BSE filing.
#Buy the shares of MMTC Ltd (Rs.18.85) at around Rs.18.50/19, during intraday dips for short term targets of Rs.22/26. SL: Rs.16.50.
Accoring to a report published in Daily Mint on 22 August, 2020:
At a time of movement curbs and shuttered jewellery shops, digital gold sellers have reported a surge in demand. Despite competition from sovereign gold bonds and gold exchange traded funds, digital gold has found greater reach, thanks to its wide distribution via apps such as Google Pay and Paytm, and ticket size as low as ₹1.
#Buy the shares of MMTC Ltd (Rs.18.85) at around Rs.18.50/19, during intraday dips for short term targets of Rs.22/26. SL: Rs.16.50.
Accoring to a report published in Daily Mint on 22 August, 2020:
At a time of movement curbs and shuttered jewellery shops, digital gold sellers have reported a surge in demand. Despite competition from sovereign gold bonds and gold exchange traded funds, digital gold has found greater reach, thanks to its wide distribution via apps such as Google Pay and Paytm, and ticket size as low as ₹1.
Demand for digital gold rose 40-50% amid the viral outbreak, said Sachin Kothari, director of Augmont Gold Pvt. Ltd, a digital gold provider.
In India, the three major digital gold sellers are: Augmont Gold; MMTC-PAMP India Pvt. Ltd, a joint venture between state-run MMTC Ltd and Swiss firm MKS PAMP; and Digital Gold India Pvt. Ltd with its SafeGold brand.
These companies, have tie-ups with fintechs and online wallets, viz. Paytm, Google Pay, PhonePe and Kuvera. Amazon Pay being the latest player to enter this space.
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