Winning Strokes

Today the BSE Sensex is trading at 59,288.81 (marginally) down by 9.65 points (-0.02%) while the NSE is up by 5.75 points (+0.03%) to 17,697. The indices are expected to consolidate around the current ranges, while the main action is likely to shift towards small and mid cap counters. Now, the index near all time high, the investors neee to be very choosy, regarding stock selection. Photo: Mumbai Mirror

#My recommended Patel Enginnering Ltd (Rs.28.85) hit another consecutive Buyer Freeze today, making a new 52 - week high. Congratulations to those who made money in the scrip.

#I have spoken with the sources in Coffee Day Enterprises Ltd (Rs.31.50). The good news is that out of 917 outlets almost 50%, i.e. 546 of them have started functioning. If you remember my earlier report spoke about the functioning of 70 outlets only, which has jumped to around 7 - times during the last few weeks

More outlets are expected to open in the near future as the nationwide lockdown eases. But, it seems there is a bear cartel at play in the counter of Coffee Day Enterprises Ltd, who are unnecessarily hammering the scrip down. The regulators should look into the matter.

#The stocks of Future Retail Ltd (Rs.51.45) and Den Networks Ltd (Rs.51.10), should slowly march northwards as the festival 🎎 season picks up steam, going forward. The investors are suggested to accumulate the scrips in market declines.

#My recommended Suzlon Energy Ltd (Rs.7.10) hit the buyer Freeze, today, with huge amount of pending buy orders. The stock is expected to reach Rs.30/31, once again as the business of the company is set to turnaround in CY22. Keep accumulating in dips.

#If you have a portfolio size of around Rs.2/3 lakhs you can join my #Crorepati #Scheme (This is not a PMS) or my Premium Information Services. When the markets are raging high, this is also the time to cover up all your losses, with the help of correct guidance from the experts or veterans in this field. For this you need to open an account compulsorily with my associate Brokerage House. So, join before you miss this golden opportunity. 

#Today's recommendation: Buy the shares of Bombay Rayon and Fashions Ltd (BRFL) at the CMP of Rs.7.25/7.30 for short term targets of Rs.11/15/19. After restructuring, the company is looking excellent for investment. One of its Factory is in Tarapur, Boisar, in Mumbai Metropolis.

Very recently, the Indian government has approved the production-linked incentive (PLI) scheme for the textile sector, in almost a dozen categories. This move is expected to boost domestic manufacturing and help local producers with an enhanced incentive structure.

The PLI scheme for textiles is part of the announcement made during the Union Budget 2021-22, having an outlay of Rs.1.97 lakh crore.

The PLI scheme for the textile sector seeks to promote production of high-value man-made fibre (MMF) fabric, garments and technical textiles in India. The incentive structure has been designed to facilitate greater investments in fresh capacities.

#My recommended Imagiccaworld Entertainment Ltd (Rs.12.05) hit another buyer Freeze today. The stock became multi bagger from my recommend price of around Rs.3/3.50. Congratulations to those who are still holding the share.

#Important: The "Pandora Papers" allegedly has revealed the hidden assets of some of the most powerful and richest individuals of the world. The ICIJ-led investigation discovered a cache that included 11.9 million files from companies hired to create offshore trusts in tax havens. according to a media report. Moreover, 300+ Indians named are suspected to be there, including that of Anil Ambani, Nirav Modi’s sister, and Kiran Mazumder Shaw's husband. Therefore, we need to exit out of all ADA group stocks, immediately. Reliance Capital Ltd (Rs.21.15) is an Anil Ambani Group scrip and hence we have to exit today, to remain safe.