SumanSpeaks: The Information Super Highway

  Winning Strokes The BSE Sensex is now trading at 59,324.92 down 70.08 points (-0.15%), while the Nifty is seen at 17,671.65 down 32.55 points (-0.22%). The indices are likely to consolidate around the current ranges, before showing the next level of upmove as the medium and long term trends are still bullish. As long as Nirmala Sitaraman is there, the Bulls will have an upper hand. My recommended Patel Enginnering Ltd (Rs.21.10) is on fire today. You can hold with targets and SL mentioned earlier. # Suzlon Energy Ltd (Rs.6.55) buoyed by higher crude oil prices, fall in the price of steel, following the Chinese catastrophe, and a healthy order book position, is all set to reach Rs.9/10 in the coming days. The company is expected to show an turnaround in CY22. You should lap up the shares, sold by uninformed investors. Just buy and hold. Profit is guaranteed from the CMP. #The stock of Coffee Day Enterprises Ltd (Rs.30.70) should also do well as its debt is slowly and steadily get...

  Winning Strokes The Sensex is trading at 60,281.21 up 232.74 points (+0.39%), while the Nifty is now seen at 17,911.00 up 57.80 points (+0.32%). The EOD candlestick chart of Nifty shows that it is likely to consolidate around 17700 - 18000. The real action is now expected to happen in the small and mid cap space. However, the long term trend of the indices are bullish. Photo : The Business Standard #Meanwhile, the Iron Ore Iron prices are sliding, along with steel price and that trend is likely to continue, due to expected weak demands from China; following the Evergrande episode. Not only that the prices of aluminium and copper have also fallen on fears of poor demand from China. Though, the steel demand in India remains robust amid a revival in construction activity post second wave, but if the international markets are not showing strengths, then this optimism is likely to fizzle out soon.  In view of this, I'm recommending a BUY on the shares of Suzlon Energy Ltd (Rs.6.3...

  Coffee Day Enterprises Ltd: Buy CMP: Rs.31 Book Value; Rs.88.80 Total Debt to Equity Ratio: 0.55 Introduction : Coffee Day Enterprises Ltd has presence in coffee, logistics and hospitality sectors. Its coffee business, which includes popular cafe chain brand Cafe Coffee Day (CCD), contributes 47% of the consolidated net revenue. Logistics business accounts for 45% of revenues. CCD owns 572 cafes in 165 cities and 333 CCD Value Express kiosks. There are 36,326 vending machines that dispense coffee in corporate workplaces and hotels under the brand. Photo : Unlisted Zone CDGL provides its own coffee grinding-cum-vending machines, own coffee beans and fresh milk to more than 60,000 loyal clients across multiple markets, including malls, offices, other public places, schools and colleges. Key Triggers: In 2019, the Coffee Day Enterprises Ltd's founder VK Siddhartha was found dead. He was under pressure from lenders, tax officials as well as investors. Following that, the  share ...

The Father of all Bull 🐂 Runs is in Progress: Board the Equity 🚂 Train.. Considering the current situation in both main Street and Dalal Street, we can find a perfect parallelism in the paradoxical passage from one of the great literary masterpieces, "The Tale of Two Cities", by Charles Dickens.  “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” Amidst all the pessimism, surrounding Covid-19 Pandemic, we are witnessing a massive Bull Run post Covid - 19, as the world has woken up to a new reality - the *Work from Home Culture.* Taking cues from this Retail companies like Amazon, Future Retail, etc are increasing digital leverage to create new customers. This deadly trend is likely to create more pains points to the hidebound small business...

  Winning Strokes On last Friday, the BSE Sensex closed at 59,015.89 down 125.27 points (-0.21%), while the Nifty was seen closing at 17,585.15 down 44.35 points (-0.25%).  Photo : Business Today. Though the Nifty came up with a red candle, on the daily charts, but the weekly and monthly charts are still giving bullish signs. However, in the short term, the Nifty might test 17370/17380 ranges on the downside.  #The scrip of Reliance Capital Ltd (Rs.21.05) took a pause on last week, after a whirlwind rally took it to Rs.22.70 on last Friday, on intraday basis. We can look for targets of Rs.30/37/41 in the coming days as the company attempts to shed more of the debts, accumulated over years. Stay put! #If you have a portfolio size of Rs.2/3 lakhs, then you can go for my #Crorepati #Scheme, where only safe delivery based investments, will be suggested to turn your portfolio into 1 (one) crore. Also, you can join my premium information services. #The stock of Future Retail L...

  Winning Strokes First of all, let me tell you that these days due to a hectic work schedule, I'm not getting time to upload this blog on regular basis. However, you can place your questions below the blog posts. I'll try to reply them, whenever I get time. Anyway, on last Thursday, the BSE Sensex closed at 58,305.07 up 54.81 points (+0.09%), while the Nifty50 closed at 17,369.25 up 15.75 points (+0.09%).  Adding to the bullishness is the encouraging FII and DII data. Foreign institutional investors (FIIs) net bought shares worth Rs.423.44 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs.704.21 crore in the Indian equity market on September, 9, 2021. Meantime, while the Nifty formed a bullish candle on the daily charts and monthly charts, it formed a spinning top pattern on the weekly chart; indicating that some pressure might occur due to profit booking at higher levels. The uptrend in Nifty is likely to continue up to 17,450-17,650 levels. ...

  Winning Strokes The domestic bourses are trading flat. The BSE Sensex is seen trading at 57,475.32 down 89.51 points (-0.13%), while the Nifty50 is seen at 17,109.55 down 23.65 points (-0.13%). The indices are expected to consolidate around the current levels after the GDP numbers, while the action is likely to shift to the small and mid cap counters. Meanwhile, the goods and service (GST) revenue collections of Government of India, stood at ₹1.12 lakh crore, crossing the crucial mark, for the 2nd consecutive month as compared to ₹1.16 lakh crore in July and ₹92,849 crore in June. The robust GST revenues are likely to continue in the coming months too, Ministry of Finance said on Wednesday. This augurs well for Banking and NBFC Sectors. #Buy the shares of RBL Bank Ltd near the CMP of Rs.170.55, for short term targets of Rs.177/192, SL: Rs.161. #Buy the shares of Granules India Ltd at Rs.340/343, T: Rs.358-370, SL: Rs.329. KR Choksey is bullish on Granules India and has given a b...