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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...

Winning Strokes

The BSE Sensex is now trading at 60,186.05 up 392.91 points (+0.66%) while the Nifty was seen at 17,954.10 up 120.75 points (0.68%). The Bullish trend in Nifty is likely 6o continue. Apply buy on dips strategy.

#Buy Websol Energy Systems Ltd (Rs.109) near the CMP for targets above Rs.150. The company is a large player in the solar energy Sector.

#Buy the shares of Dilip Buildcon Ltd at Rs.250/252, for targets of Rs.307/331. The net order book of Dilip Buildcon Ltd (Rs.250) as on 30 June 2022 stood at a whopping Rs.25,160.2 crore. You need to buy and hold for some superb gains.

The government of is working on developing electric highways, which will be powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday.

#Today Swan Energy Ltd (Rs.242) made an intraday high of Rs.245. Book some profits and hold the rest with a deep SL of Rs.232.

#The banking sector has stated to look good again. My two earlier recommendations: UCO Bank Ltd (Rs.12.40) and Central Bank Ltd (Rs.20.20) has done well recently. Now but the shares of Equitas Small Finance Bank Ltd (Rs.48) for short term targets of Rs.71/77.

#Today the scrip of SAIL moved to Rs.83.50 intraday. Hold on to the scrip with a SL of Rs.77. The construction season ahead is likely to push up the demand for company's products.

#My strongly recommended Reliance Power Ltd today hit the upper Circuit at Rs.21.10. Hold with a SL of Rs.18.60.

#My recommended D B Realty Ltd (Rs.89.60) hit upper circuit today. Inspite of the rumor associated with the Sharad Pawar tag, unfortunately the regulator has transferred the stock to T - group. Hence, see that you don't get struck in the Lower Circuit.

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