Winning Strokes
The spot Nifty is likely to slowly crawl towards 18300/18500 ranges in the coming days, in the hope of a spending oriented budget.
#The shares of Shriram EPC Ltd (Rs.9.70) hit the UC on last Friday. We can look for targets of Rs.31/35 in the coming days, as the company infuses Rs.700 crore into its balance sheet.
#The stock of Global Vectra Helicorp Ltd, India's largest Helicopter player, closed at Rs.58.95 in the NSE. According to the BSE website it has a CEPS (TTM) of Rs.41.70. Also, the Q2FY22 results were excellent on Y - o - Y basis. Its net debt is only Rs.26.50 crores.
Moreover, under the new Helicopter policy, the government will establish a dedicated helicopter acceleration cell within the Civil Aviation Ministry to address issues affecting the helicopter industry. There will be no landing fees or parking deposits for heliports or helicopter companies as part of the policy. To begin, four Heli Hubs and Training Units will be established in Mumbai, Guwahati, Delhi, and Bengaluru, with helicopter corridors established in ten cities and 82 routes across the country.
According to the available data, while the total civil helicopter across the world is more than 34,000, India accounts for less than 1% and hence there's a huge chance of growth for Helicopter companies in India, especially the top ones.
Besides, the December quarter results of all Airlines companies are expected to be good after the NDA government, increased the passenger Ferrying capacity to 100%.
We can look for targets of Rs.90/120/180 in the coming days. Photo: Victor Tango Aviation.
#The shares of Patel Engineering Ltd had hit the UC on last Friday at Rs.28.50. We can look forward for some more UCs in the coming days.
#The shares of Union Bank of India Ltd touched Rs.48.85 on last Friday. Hold on to your position, with a SL at Rs.46, for targets mentioned in my earlier posts.
#The shares of my recommended UCO Bank Ltd (Rs.13.45) has closed above Rs.13.40 after a long time. Keep watch...!!
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