Winning Strokes

Indian markets are selling off as if there is no tomorrow. The BSE Sensex is last seen trading at 53,075.53 down 942.82 points (-1.87%), while the Nifty was last seen at 15,845.75 down 298.95 points (-1.99%). The Nifty is looking highly oversold here and a bounce is expected soon. 

Moreover, the share markets will continue to rise as long as people puts their fund into it.... There's a very little correlation with Sensex crash and monetary tightening, except some knee jerk reactions.

#Meanwhile, the US is getting stronger, with each passing day. Today, $1 = Rs.77.46. This is gives us the ammunition to cheer for those companies like Wockhardt Ltd (Rs.231.80), who gets a substantial part of their revenues from export. Wockhardt Ltd will get benefited , apart from Covid - 19 triggered Diabetes and Vaccine Therapy. Buy the shares of the company in all dips. Wockhardt Ltd has a good Diabetes Drug basket.

#The banking sector looks good for stronger players, according Saurabh Mukherjea, Marcellus Investment Managers.

“When the economic cycle begins and the money market is flush with liquidity, the gap in funding cost between strong banks and weak banks isn't as high as it should be. What happened (rate hike) is terrific for high-quality lenders,” Saurabh Mukherjea.

By India has to retain its fastest growing economy status, then banks and other FIs invariably have to do well.

Fortunately, the credit offtake from both the PSBs and Private Banks have been hereto satisfactory in FY23.

The RBL Bank Ltd (Rs.102) is coming up with 4th quarter results, today.

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Central Bank Ltd (Rs.16.65) came out Excellent Q4FY22 results. 

The Net profit of Central Bank of India came as Rs.310.31 crore in the quarter ended March 2022 as against net loss of Rs.1349.21 crore during the previous quarter ended March 2021.

Total Operating Income rose 18.64% to Rs.5787.33 crore in the quarter ended March 2022 as against Rs.4878.02 crore during the previous quarter ended March 2021.

For the full year, net profit came whopping: Rs.1044.83 crore in the year ended March 2022 as against net loss of Rs.887.58 crore during the previous year ended March 2021. 

Total Operating Income rose 0.31% to Rs.22801.65 crore in the year ended March 2022 as against Rs.22730.23 crore during the previous year ended March 2021. way, I've already recommended 3 - high quality Banks: Canara Bank Ltd (Rs.193.30), RBL Bank Ltd (Rs.104.30) and Central Bank of India Ltd (Rs.16.55). Buy good banking shares and keep holding.

#The Hospitality firm Mahindra Holidays has come up with excellent Q4FY22 results, which shows the business has started to travel and tourism sectors.

Taking cues from this development, you can accumulate the shares of Global Vectra Helicorp Ltd near the CMP of Rs.41.90 for at least 30% appreciation from here.