SumanSpeaks: The Information Super Highway

Morning newsletter to PREMIUM Members Capitulation in the domestic bourses could be over or near the final stages: The BSE Sensex is now trading at 52,314.34 up 716.50 points (+1.39%), while the Nifty50 is seen at 15,568.05 up 217.90 points (+1.42%). From today's trading pattern in the domestic as well as in International Markets, it seems we have either crossed the capitulation phase or on the way to breast the red tape. Photo : Outlook ======== Bull 🐂 Markets, always rise from the air of suspicion and/or cynicism. The things will get clear within this week -- whether we are in for charting a new upward trajectory, in the newly mapped macro - economic - domain contoured by the RBI's policy actions or the capitulation phase is still in progress.  -----------------  Bottomline : If you have extra cash in hand, then I feel it would be prudent to pick up good beaten down counters, for a slightly longer haul -- say 4 to 6 months or till the Deepawali lights, enchants and hallows ...

  Tit - bits #I've taken some shares of Indiabulls Housing Finance Ltd (Rs.112.15) on last Friday, for some of my clients/friends whose accounts I manage; basically on the premise that, when a transition happens from low interest rate regime to moderately high interest rate regime, the well known or well established NBFCs tend to perform better than Public Sector Banks (PSBs) due to their aggressive marketing policies. ------------------------------ Indiabulls Housing Finance Ltd (Rs.112.15) is an established name in the house loan segment. Financials : The Net profit rose by 11.23% to Rs.307 crore for the fourth quarter ended March 2022 (Q4FY22) from Rs.276 crore in Q4FY21.  However, for FY22 its Net profit remained flat at Rs.1,178 crore Vs Rs.1,202 crore in FY21. The company posted reasonably good results, inspite of Covid - 19 related bottlenecks. Photo: www.nwishop.com =============== Those who have a minimum portfolio size of Rs.1 lakh  (Rs.50,000 offer has expi...

  RattanIndia Power Ltd: Buy CMP: Rs.3.85 Major Triggers: 💥Fall in the price of coal and rise in demand for power, post relaxation of Covid - 19 restrictions. 💥The widening of the consolidated loss in the December quarter was due to non-operation of Nashik Thermal Power Plant (Sinnar Thermal Power Ltd).  That exposure has no bearing on parent RattanIndia Power Ltd, as Sinnar Thermal Power Limited (STPL), is a subsidiary of RattanIndia Power Ltd and is a separate SPV holding Sinnar Thermal Power Plant. Photo : Just Dial . 💥All units of Sinnar Thermal Power Plant at Nashik are commissioned, but not operational at present. 💥STPL's debt exposure is ring fenced and has no bearing on the parent RattanIndia Power Ltd. There are no obligations of RattanIndia Power Ltd on debt repayment of STPL in any manner whatsoever.  💥The company's standalone net profit jumped three-fold to Rs 104.44 crore in the third quarter of FY22 from Rs 33.44 crore in the quarter ended in December 2...

  Winning Strokes The S&P BSE Sensex is trading flat at 54,869.77 down 42.05 points (-0.04%), while Nifty was last seen at 16,343.55 down 13.25 points (-0.08%). Power, Oil & gas stocks are witnessing a buying trend. The negative global cue, continuous selling by the FIIs and US Inflation data, expected on Friday is keeping the upside capped. However, one good point is the NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.15% to 19.41.  Stay away from consumer durables and realty shares in view of government of India going tough on the inflation front.  The prudent investors should stay put in the sectors where the demand is somewhat inelastic: Food, Power, IT, Renewable Energy, Sugar, Textiles, etc. Therefore, accumulate the shares from this space instead of burning hands in Real Estate and consumer durables. #My recent recommendation, Future Retail Ltd (Rs.7.70) at Rs.6.70/6.80 saw it hit another buyer Freeze. We can lo...

  Winning Strokes The BSE Sensex is now seen at 55,768.65 up 387.48 points (+0.70%), while the Nifty was last trading at 16,608.75 up 86.00 points (+0.52%). The Nifty is likely to travel towards 17700 in the coming days, as China eased Covid - 19 restrictions. #The stock of Coffee Day Enterprises Ltd (Rs.49.70) hit the Buyer Freeze in the mid afternoon trade. Accumulate for targets mentioned earlier. #Those who have a minimum portfolio size of Rs.1 lakh (Rs.50,000 offer has expired) can join my profit sharing arrangement. For this they should send me a mail at: suman2005s@rediffmail.com.  They need to compulsorily open a Demat Account in my associate brokerage house. The earlier system of trading through any brokerage house has been withdrawn, due to foul play of some of the participants. The money will be invested in delivery based safe calls and the risk will be minimum. #Another of my old favourite Shriram EPC Ltd (Rs.9.20) is up around 7% today. #The stock of Canara...