Winning Strokes

The BSE Sensex closed flat today at 52,372.69 down 13.50 points  (-0.03%) while the Nifry50 ended the day at 15,692.60 up 2.80 points (+0.02%). The indices are likely to consolidate around the current ranges, while the action will be shifted to small and mid cap counters.

#As expected the scrip of Future Retail Ltd (Rs.66.60) hit the upper circuits today. The stock according to my estimation, should cross Rs.100 by this Deepawali. Keep accumulating in dips. 

#Those who have a portfolio size of Rs.3 lakhs plus,  can join my #Crorepati #Scheme, where you would be systematically guided, so that your portfolio reaches Rs.1 (One) crore mark. You can also join my premium service or trade through my associated brokerage house and get my premium information service free of charge. 

#The stock of Reliance Capital Ltd (Rs.21.25) could hit the upper circuit tomorrow. On 5 July,  2021, there were media reports that the private life insurer Reliance Nippon Life Insurance had come up with a total bonus of Rs.306.88 crore for its participating policyholders in 2020-21.This bonus issuance will benefit over 6,85,000 participating policyholders, as per company release.

The bonus was paid out of the profits generated by the company's participating policyholders' funds for the year FY 2020-21. It registered a profit after tax of Rs.50 crore in the year ended March 31, 2021.

Reliance Nippon Life Insurance is a joint venture between Reliance Capital and Nippon Life Insurance, Japan. As of March 31, 2021, its total assets under management (AUM) stood at a massive Rs.24,383 crore and the total sum assured at Rs.78,847 crore. The claims settlement ratio was a whooping 98.48%. Photo: Zee Business 

Meanwhile, Anil Ambani's Reliance Group company, Reliance Capital Ltd, has almost finalised buyer for its subsidiary Reliance Commercial Finance. Authum Investment and Infrastructure has emerged as the highest bidder with Rs.9017 crore.  At Rs.2,887 crore, Authum Investment and Infrastructure is also leading the race to acquire Reliance Housing Finance (RHFL), another subsidiary of Reliance Capital.

#The shares of my recommended BCPL Railway Infrastructure Ltd (Rs.58.80) today hit Rs.60.40 intrday. The stock if you remember was recommended a few weeks back at around Rs.55. You need to keep a SL at Rs.56 and keep holding. 

#Meanwhile the shares of Patel Engineering Ltd (Rs.18.95) could hit upper circuit tomorrow as it is among the 9 - companies whose loan recast has been approved by Kamath Committee, according to a report published by CNBC - TV18. 

According to the CNBC - TV18, banks referred only nine large corporate loan restructuring proposals to the KV Kamath-led Expert Committee under RBI’s resolution framework of August 2020. 

All of these nine corporate loan recast proposals were subsequently cleared by the committee ahead of its dissolution on June 30, 2021, CNBC-TV18 has learnt.