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 getting reduced, along with the opening of new outlets. 

The Fundamentals of Coffee Day Enterprises Ltd (Rs.30.70), is taking a positive turn: Coffee Day Enterprises reported a net loss of Rs.108.55 crore in the quarter ended June 2021 as against a net loss of Rs.137.86 crore during the previous quarter ended June 2020, showing an impressive performance. However, the sales declined by 59.55% to Rs 81.52 crore in the quarter ended June 2021 as against Rs 201.52 crore during the previous quarter ended June 2020.

The accompanied chart shows from where the scrip of Coffee Day Enterprises Ltd (Rs.30.70) fell. Interestingly, with improving fundamentals the steps will slowly be retraced till it overtakes the all time high.

Financials: Rs.3550 crore pending with late promoter's company, Rs.2000 Crore is the valuation of vending machine business, plus Rs.700 Cr coming from the sale of Technology Park. Plus the business coming from 70 outlets, plus buoyancy in the Cofee market, plus increase of disposal income among the youth as the Indian economy is staging a comeback.

Cons: Debt < Rs.1800 crore. And there is still partial lockdown in some areas of the country.

In Chess there is a term called forced checkmate. Yes, here the bulls will forcebly pull up the scrip from the current price and force a checkmate on the bear cartel.

I reiterate: The buoyancy in the International Cofee Market and increased valuation of its vending division, plus sale of its assets should see the scrip cross Rs.50 in style.

My recommended Imagicca Ltd at around Rs.3/Rs.3.50, saw it hit the UC today at Rs.10.55.