Tit - bits

While writing this report, the BSE Sensex is seen at 38,886.49 up 87.41 points (+0.23%), while the NSE is trading at 11,480.40 up 13.95 points (+0.12%). The Nifty is get resistance at 11570/11580 rages. Hence, try to lighten your positions, on the buy side of the fence. 

#The shares of V2 Retail (Rs.58.50) reached my 1st target of Rs.62. You should book profits and hold the rest with a SL of Rs.57.50.

#The scrip of GAIL (Rs.100) is consolidating around Rs.99/103, ranges. This is a sure shot counter and hence you should accumulate it in every market decline. Next month could give us some positive effects on the share price. 

#Buy the shares of Future Supply Chain Solutions Ltd (FSC | 540798 | INE935Q01015) near the CMP of Rs.148, for short term targets of Rs.181/207. SL: Rs.141.

Mumbai based, Future Supply Chain came up with an IPO in December, 2017. Future Supply Chain Solutions Limited is one of the leading 3^rd Party logistic service provider in India. Yesterday, the Business Standard came out with the following news:

The Future group was planning to sell its stake in two insurance arms but was unable to do so within the deadline.

As the group’s cash flow dried up and it started defaulting, the lenders, who have the entire promoter stake pledged with them, began negotiating the sale of Future’s retail businesses to RIL.

According to the plan, which is in the works, three Future group companies -- Future Lifestyle, Future Supply Chain Solutions, and Future Retail -- will be merged into Future Enterprises. Once it is over, RIL may invest Rs 8,500 crore in the merged entity, taking a 50 per cent stake in the merged outfit.

A source on Monday said Future vendors had been asked by RIL to take a haircut of 20 per cent on their pending dues. Lenders to Future Group are also being asked to take a haircut of up to 40%.