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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...

Winning Strokes 

The BSE Sensex was trading at 52,243.67 down 107.17 points (-0.16%), while the Nifty50 was seen at 15,725.20 down 33.35 points (-0.17%). The markets are consoludating at the current ranges, in absence of any major trigger.

#The shares of Future Retail Ltd (Rs.53.65) touched a high of Rs.54.50 today. The Company's fundamentals have started to improve post its new initiative of going online with its products. You can look for targets of Rs.100 - plus post Deepawali.

#The shares of Reliance Capital Ltd (Rs.17.75) hit another consecutive upper circuit today. It has already reached my 1st target of Rs.17.

#Join my #Crorepati #Scheme, if you have an investable fund of around Rs.2/3 lakhs. For details you can send me a mail at: suman2005s@rediffmail.com. 

#Buy the shares of BCPL Railway Infrastructure Ltd near Rs.54.70/55 for short term targets of Rs.71/72. The current dominent theme in the markets is of  opening up of Nationwide Lockdown. One sector which suffered the most during this period is the railways, which is all set to reach its Pre - Covid-19 charm. Yesterday, the shares of Indian Railway Catering & Tourism Corporation Ltd (Rs.2154.10) hit a new 52 week high of Rs.2,184.15. The stocks from this space are to follow the suit.

#Buy the shares of Yes Bank Ltd (Rs.14.80), near the CMP for short term targets of Rs.19/21.

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