Winning Strokes

The India bourses are roaring, after some respite came on the war front. The BSE Sensex was up by 828.39 points (+1.52%) to 55,475.72, while Nifty was seen trading at 16,592.80 up 247.45 points (+1.51%). With minimum negative news coming from the Ukraine - Russia border issues, we can expect some more upward movement in the indices.

#Today's call: Buy the shares of SAIL near Rs.98, for short term targets of Rs.127/131. 

The new plant of SAIL at Rourkela, Odisha is generating good demands for its products as it uses the latest technology to manufacture (flat products, coils, etc). Meanwhile, the commodity prices are shooting over the roof in the international markets.

#As expected the shares of A2Z Infra Engineering Ltd (Rs.10.40), hit the buyer freeze in the opening trade. It is a huge company, whose operations got hit due to Covid - 19 pandemic. However, the condition of the world is improving day by day, we are likely to see good performance of the company going forward. The shares are likely to touch Rs.31/32, by Deepawali. Stay invested.

#The stock of BF Utilities Ltd recommended at my Facebook page and various equity related groups at around Rs.317,  a couple of weeks back, today made a high of Rs.339.45. Keep holding for targets of Rs.307/321.