SumanSpeaks: The Information Super Highway

  Tit - bits The Indian bourses closed on a positive note on last Friday.  The BSE Sensex closed at 40,685.50 up 127.01 points (+0.31%), while the Nifty settled at 11,930.35 up 33.90 points (+0.28%). However, the Nifty is likely to face resistance around 12000/12150 ranges. Hence, the Nifty traders should shape their trades accordingly.  #The scrip of V2 Retail Ltd (Rs.49.95) moved to Rs.50.30 on last Friday. We can look for the completion of targets this week, as festive buying is likely to push up its top and bottomlines.  #The scrip of Deewan Housing Finance Ltd (Rs.16.65) on last Friday, rallied to Rs.18.35 on the news that  its promoter Kapil Wadhawan had offered his personal property worth Rs.43,000 crore (his claim) as mortgage, against the loans taken by the company. But I don't see much merit in this statement.  #The scrip of Reliance Power Ltd (Rs.3.30) hit the UC on last Friday, after the company came out with 2 - fold increase in net profit on ...

V2 Retail Ltd: Buy CMP: Rs.48.75 Target: Rs.54/61 SL: Rs.46. V2 Retail Ltd (formerly known as Vishal Retail Ltd) reported a standalone net loss of Rs.8.92 crore for the first quarter ended June 30, 2020. The retailer had reported a net profit of Rs 11.44 crore in the corresponding period a year ago. For Q1FY21, the revenue from operations stood at Rs.36.97 crore, a decline of 82%, as against Rs.202.34 crore in the first quarter of the previous fiscal, V2 Retail said in a regulatory filing. The consumer demand is likely to pick up with the onset of the festive season starting from Durga Puja and Diwali. "We are confident that following this pause, our growth and profitability will continue to accelerate on the back of sustained focus on customer experience, merchandise selection, strong brand recall and our omni channel presence," he added. V2 Retail Ltd comes under the ever growing Retail sector - Apparel/Accessories industry. In July, 2020, there were media reports that Nati...

  Tit - bits The BSE Sensex today closed at 40,593.80 up 84.31 points (+0.21%), while the Nifty ended the day at 11,930.95 up 16.75 points (+0.14%). The Nifty is like to face reisistance at around 12000.  Hence, Nifty traders are suggested to lighten their Nifty long positions.  #Buy the shares of V2 Retail Ltd near the CMP of Rs.49.30, for short term targets of Rs.55/61. SL: Rs.46. The retail sector is slowly opening up. This is likely to have a positive trigger on the stock.

  Tit - bits The Nifty reached my target of 11500 as mentioned in my last post. Yesterday, the BSE Sensex closed at 38,973.70 up 276.65 points (+0.71%), while the Nifty ended the day at 11,503.35 at 86.40 points (+0.76). Now, the Nifty is expected to consolidate at this level before starting the move.  #Buy the shares of Just Dial Ltd  (Rs.378.90) at around Rs.370, during intraday dips for short term targets of Rs.427/432. #My recommended 20 Microns Ltd (Rs.28.10) is consolidating around Rs. 27/31 ranges. This is not a momentum counter and hence those who have bought it for short term trading, they can exit.