Winning Strokes

The Sensex from the morning trade and is now trading at 58,017.10, up a whopping 1,611.26 points (+2.86%), while the Nifty was last seen at 17,312.50 ,up 469.70 points (+2.79%). 

I had mentioned through my Facebook post, that the Financial markets should not worry much of the fallout of any Russia - Ukraine war, the latter's economy is very small. I'm happy to see the markets react positively to my comments.

#Since the tensions around the Russia - Ukraine border has eased a bit, so we can expect the price of Crude Oil to tape off in the coming days. Hence, you can take fresh positions in Global Vectra Helicorp Ltd (Rs.53.70), for targets of Rs.120/180. 

The the newly formed Helicopter policy is likely to benefit the company.

#In a development, today I spoke with my sources in Shriram EPC Ltd in Chennai (Rs.8.65) and I must say, the scenario (or the news) is very good. I can't disclose in an open forum due to SEBI restrictions.

The company's December quarter results got affected due to Covid - 19 related issues -- shortage of workers/the workers who were working left). But the situation is expected to improve dramatically in the coming days, as the coming is not only revamping its operations but also taking steps for fund infusion.

The company has already mentioned about the Rs.350 crore QIP in the BSE website. According to the sources, who wanted to remain anonymous, more funds from overseas investors could flow into the company. The company has a healthy order book position.

Therefore, please use dips to accumulate the share of Shriram EPC Ltd, as it is a sure shot counter, from the reputed Shriram group of South India. Photo: Just Dial