SumanSpeaks: The Information Super Highway

  Tit - bits When this report is being made the SGX NIFTY was seen at 14185.50 up 104.50 points. However, when NIFTY50 has a P/E Ratio of 38.55, it does not makes much sense to stay put on the long side of the board.  Therefore, use all the intraday rise in the markets to eixt your long positions or stay light on the long side of the game.  #Sell the shares of Biocon Ltd (Rs. 382.70)  near the CMP for short term targets of Rs.321/319. SL: Rs.397. Last year Biocon's CMD Kiran Mazumder - Shaw hinted that, in all likelihood its Covid-19 vaccine will be ready by June, 2021. This gave legs to the share price. However, recently a research report showed that most of vaccine makers would not be making too much money, through Covid - 19 antidote sale. The effort would be basically pegged on humanitarian grounds.  #Join my CROREPATI SCHEME t o get such early INFORMATION or ALERTS on your holdings, to maximise your chances of getting good returns from investing in equities...

  T it - bits Let me begin by raising two important concerns:  This blog's UI continues to remain user unfriendly. Hence, I have to write the whole blog post in a different platform and copy paste here. This is what is all about the world famous IT company Google’s latest technology drive on their blogspot ecosphere.  Mumbai's suburban local train service continues to run under gender bias or the ride is hinged on gender specific issues. The ordinary males, the bread earners in many families continue to be denied its services while females from many families are using it for tourism purposes to Churchgate and elsewhere. Moreover, I feel the hand of a strong transport lobby is behind this move, to keep the general public out of the Mumbai's local train services. Therefore, whether this move of keeping away the ordinary MALE folks out of the local train services in Mumbai is stupidity or a clandestine deal to please a section of voters is difficult to say. Hope good sense w...

  Tit bits Like everyday, I would like to begin by speaking about the difficulties I'm facing due to the new user  interface (UI), Google has created for the bloggers. This is precisely because of this reason, that often I don't feel like updating this blog.  Meanwhile, the BSE Sensex closed at 49,624.76 down 167.36 points (-0.34%), while the Nifty closed at 14,590.35 down 54.35 points (-0.37%). This rally in which both Tata Group and RIL played an active roll looks to me, stage managed before the Bengal Elections to give a feel good factor. Or else with NIFTY50 PE of 39.41 , NIFTY50 PB of 4.13 , NIFTY50 DIV of 1.09 and NIFTY50 EPS of 370.2 , can't trade at this valuations. But before I speak further let me discuss a bit about the P/E, so that you understand the term in a more secular way.  ROI (Return on Investment) in investment is calculated by the return it would generate in one year time frame, which is also known as PE or Price to Earnings. PE is the pric...

  Tit bits Like the last time, let me say that the UI of this  blog has been made so complex by Google, that I often don't feel updating the same from my mobile/tab. I don't know why Google discontinued the user friendly, earlier set up. It is high time, Google takes this issue seriously and mends the loopholes in its system for effective data transfers. Anyway, the BSE Sensex as expected and as said in my previous writeup, crashed to 49,034.67, falling by 549.49 points (-1.11%), while NSE Nifty closed at 14,433.70 down 161.90 points (-1.11%). I strongly feel that this vaccine induced rally without much fundamental backbone, has come to its logical conclusion (especially after the Covid - 19 vaccine showed adverse effects in around 447 persons, post administration), and we could see further fall of Nifty to 13, 000 - 12480 levels. The traders are suggested to carry on their shorts. The SGX NIFTY is already down, while most of the ADRs showed weakness on last Friday's tr...

  Tit bits The Google has made the UI of the blogger (blogspot), so Hopeless, that often I don't feel like updating the blog. Their mobile version is even more worse. Photo : Kiplinger.com Anyway, both the indices ended flat today: The BSE Sensex, was down 24.79 points or 0.05% to 49,492.32. The Nifty 50 index added 1.40 points or 0.01% to close at 14,564.85.  Inspite of the fall in the retail inflation, the S&P BSE Mid-Cap index fell 0.63%. The S&P BSE Small-Cap index slipped 0.38%. On the BSE, 1240 shares rose and 1824 shares fell.   Meanwhile, in November 2920, the IIP witnessed a contraction of 1.9%, reverting back to the declining territory, after rising in the last two months.  To continue with the negative news China is stepping up restricts on social activities near Beijing, following a rise in the Covid - 19 cases.  On the other side Japan is set to expand the state of emergency to more areas of the country, in a bid to stem the rise of cor...

  Tit - bits First of all, I would like to say that Google has made the GUI of the blogger so complex, that I don't feel like uploading the same. I don't know what prompted them to remove the earlier General User Interface. I have sent repeated requests to Google, to make this API, more investor friendly but alas!!  Anyway, let me begin by wishing you all a very Happy New Year. Hope in this year, we will see less mismanagement from Narendra Modi & Co, the worst PM, since independence who institutionalised Fake News and Bluffs. The whole economy has been in shambles, but the market is being pushed up by the cronies, for the reasons best known to all. Meanwhile, the Nifty closed at 14,018.50 up 36.75 points. (+0.26%).  Foreign institutional investors (FIIs) were net buyers of shares worth Rs.506.21 crore, while domestic institutional investors (DIIs) net bought shares worth Rs.69.4 crore in the Indian equity market on January 1, as per provisional data, on the NSE....