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 trade.

#One thing, I would like to mention here is that my Crorepati - Scheme is not a PMS thing. It is just a guide to investors, on the issue of making profit following some time tested patterns, anchoring on my more than 2 - decades of experience in the share market.

However, as mentioned umpteen number of times earlier, the process and/or algorithm of the scheme can't be disclosed or discussed. This is my patent and you would slowly understand how, we can seamlessly go about generating money by following some simple techniques and amass a sizable ROI on the capital employed, which is Rs. 2 lakhs, in this case.

However, if you don't have Rs. 2 lakhs at the moment but have: Rs.1 lakhs<Amount<Rs.2 lakhs, you can also, come to me, we will work out something positive.

In this scheme strictly: NO F&O and/or Margin Trading will be suggested or allowed and hence will be a comparatively safe, bet.

For the time being I'll be taking 25% of Rs.1 crore on completion of the scheme or something in between (which will be deducted later, when the scheme completes), but stage wise, I will increase it to 50% - plus, especially after the roll out of the 1st Crorepati, from this issue. Hence, send me mails if you are genuinely interested. Kindly, don't spam me, with time pass emails, asking me to send details. I have only two hands to respond and there are not much details left except for discussing the modalities to carry on the scheme, for its smooth implementation and mutual benefits.

At the moment I'm looking at only 100 such investors, due to limited time schedule at my hand.

Also, kindly mention your WhatsApp number in the mails sent to me, so that I can explain things in a better way, through mutual interactions.

Besides this, my lifetime (30 years) information assistance scheme, consisting of one time fees of Rs.80, 000 (non F&O for F&O: Rs.1 lakhs) is still there - you can opt for that too... 

#In another interesting development, the shares of 3i Infotech Ltd (Rs.8.40) broke its 2018 high when it touched Rs.9.20, piggybacking on a positive news of acquisition.

However, with Zero Promoter holding or 100% public holding and with an EPS of only Re.0.79, I don't see too much future of this stock at the present moment. It is pertinent to mention here that I had recommended the share at various prices, earlier.

Conclusion: The stock is likely to fall to Rs.7/6 ranges soon. Hence, the investors who are struck up in this scrip, since the last 2/3 years are suggested to exit, ASAP.

The company already has a huge debt of Rs.800 crore - plus in its books, amassed due to misguided acquisition, forcing it to opt for CDR process between 2012 - 2016.

Meanwhile, meeting of the Board of Directors of 3i Infotech Ltd is scheduled on 28/01/2021, to consider and approve the unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2020.

There were media reports on 29 December, 2020 that Apax Partners has agreed to buy the software business of listed IT services company 3i Infotech for ₹1,000 crore, in what would be the first PE buyout of an Indian software company. But, I feel this has already been factored in the current price.

According to a report published in the ET:

The software business that generates $60 million in revenues will be carved out of the main company through a business transfer agreement or slump sale. The listed company will continue owning the services business that generates $100 million in revenues. The deal values the software arm higher than the current market capitalisation of the entire company at ₹910 crore.