Winning Strokes

The BSE Sensex is last seen trading vat 57,845.62, up 12.65 points (+0.02%), while the Nifty was seen trading at 17,269.65 up 8.45 points (+0.05%), from the Friday's close. The Nifty as expected took support at 17250 level. If 17200/17250 range holds then we could see a sharp reversal in the coming days. Keep accumulating those stocks which have a story to tell.

#Buy the scrip of HOV Services Ltd near Rs.50/51, SL: Rs.47 (Strict on closing basis), T: Rs.61/63/72. This is a high Beta stock, which means it rises more when the Indices rises.

#The stock of Bombay Rayon and Fashions Ltd (Rs.7.40) is available at an attractive valuation, for long term prospects. As mentioned umpteen number of times, it has a huge factory at Boisar West (near Tarapur Atomic Power Plant) and also another one in Bangalore. The company as per my sources in Mumbai Metropolis (Read Boisar) is doing fine at the moment, though its Mask 😷 Making Division is facing stiff competition from Me - too outfits.  I had personally visited its premises, I mean its  Boisar plant, a couple of times, and had witnessed that full fledged production was going on. 

#The scrip of A2Z Infra Engineering Ltd (Rs.9.25), should bounce back from the current levels. We can look for short to medium targets of Rs.17/19.

It could benefit from the launch of 5G services in India.

The company recently informed that A2Z Infraservices Ltd ('a material subsidiary of the Company'), received a contract from NBCC (India) Limited, for a period of 3 (three) years.  Photo: A2Z Website.

The aggregate amount for the said contract is Rs.64,72,57,235/- (Rupees Sixty Four Crores Seventy two Lakhs fifty Seven Thousand Two Hundred Thirty Five Only) inclusive of all Taxes, Duties, Cess, and Statutory Levies etc.

Apart from infrastructure projects, the A2Z Group also carries out the generation of power through the residues of municipal solid waste. 

Waste to Energy - Power Generation Projects (PGP): The Company collaborated with sugar mills for setting up 3 (three) power plants on Built, Own, Operate and Transfer (BOOT) basis for a period of 15 years in the state of Punjab and to ensure continuous supply of Refuse derived Fuel (RDF) to the said Power Plants, Company developed an indigenous waste processing plant for running the said Plants on Refuse Derived Fuel (RDF) from Municipal Solid Waste.

Non- supply of bagasse by the Co-operative Sugar Mills, various implied delays in approvals and execution of agreements including delay in handing over of land, and there are disputes between the concerned parties with ongoing arbitration proceedings, the execution of Project by the Company has become unviable despite its best bonafide and consistent efforts.

Company however may decide to shift these power plants to other locations subject to availability of RDF at that location(s). Once that is done, these plants would become EPS accretive.

At the moment due to Covid and above mentioned issues all three power plants are non-operational, and is present on the Asset side of the balance.

The company is in the verge of opening its Gurgaon office, after a prolonged period, post Covid - 19 imposed lockdown. At the moment most of the office bearers are working from home.

#The stock of Global Vectra Helicorp Ltd (Rs.50.35) hit lower circuit today, due to sentiments regarding the rise of crude oil prices. 

There is no volume in the counter and the scrip has been falling from around Rs.63/64 levels, but surprisingly the stock market regulator has still not removed it from the T - group, showing how they function and deserves to be criticised. That the stock market regulators hereto have kept the scrip since more than a couple of months in the group, raises a lot of questions regarding the quality of Indian surveillance mechanism.

#The stock of Orient Green Power Ltd (Rs.12.70) is out of LC, but it needs to hold Rs.11.70/11.90 on the downside.

The prospects of Renewable Energy companies are bright as the Crude Oil prices are chugging higher and higher, every week.

Both Orient Green Power and A2Z Infra Engineering Ltd are into Renewable Energy, spaces.

#Suzlon Energy Ltd (Rs.9.65) might test Rs.9.20/9.30 on the downside, where accumulation or averaging can be done.

#Meanwhile, the Union Finance Minister Nirmala Sitharaman said that the government wants a sustained recovery and that the budget proposals for infrastructure construction are an attempt to create a multiplier effect that will help the economy.

Nirmala Sitharaman during a post-budget interaction with industry in the country's financial capital mentioned that the budget was prepared at a time when the economy was recovering from the effects of the pandemic.

She further stated that the budget prioritises growth revival, as well as messages about sustainability and a predictable tax regime. "We would prefer a long-term recovery".

#The share of Shriram EPC Ltd (Rs.8.65), should be accumulated in all market declines, as my sources in Chennai has confirmed that the Shriram group is not interested in selling Orient Green Power Ltd (Rs.12.70). The company has good order book position.

The prospects of Renewable Energy companies look bright as the Crude Oil prices are chugging higher and higher every week.