SumanSpeaks: The Information Super Highway

  Market Mantra Indian bourses are trading in the Green today, taking cues from the global markets. Also, on last Friday FIIs were net buyers of equities worth Rs.369.08 crores. This gave a great sentimental boost to the bulls. Photo : The Economic Times . Meanwhile, in China protests are being held to lift lockdown. In India, the chances of fresh lockdown due to Covid-19, is almost nil. Hence, I'm expecting a broad based rally in the domestic stock markets. Now, while the domestic indices are likely to consolidate at the current levels, the action will be seen in the broader market. In view of this, I have today recommended some momentum counters, as mentioned below: 💥Buy Websol Energy Systems Ltd (Rs.94.65)  near the CMP for short term target of Rs.117. Websol Energy System is a Kolkata-based manufacturer of solar cells and modules. Last year the company commissioned its dormant 250 MW module manufacturing line. The company is restructuring its existing 250 MW solar cell ca...

Market  Mantra The Indian bourses are trading flat in absence of any major news or event. However, the softening of stance of the US Fed, has again brought the bulls into the ring.  The BSE Sensex was trading at 62,225.03 up 30.76 points (-0.08%), while the Nifty was seen trading at 18,476.70 up 1.50 points (+0.01%). The Sensex and Nifty are expected to trade range bound while the action is likely to be seen in the small and mid cap counters. Buy good small and mid cap stocks and keep holding. #Today the shares of Coffee Day Enterprises Ltd (Rs.52.75) made an intraday high of Rs.54. The short term traders are suggested to book some profits and hold the rest with a SL of Rs.51.70. #Buy the shares of D B Realty Ltd near the CMP of Rs.97/98, for short term targets of Rs.127/131. SL:  Rs.94. Earlier there were media reports that its wholly-owned subsidiary, Esteem Properties, had entered into a non-binding term sheet on September 16 for the sale of its land, adjoining to...

  Market Mantra The Indian markets are down following global cues: US Fed's Hawkish stance on interest rate, Russia Ukraine War and fresh cases of coronavirus in China.  The BSE Sensex is now trading at 61,095.16 down 568.32 points (-0.92%) while the Nifty was last seen at 18,141.85 d own 165.80 points (-0.91%). The main indices comprising of mostly large caps, may correct 16,000 as mentioned by Sushil Kedia, the other day, but that has nothing much to eo with the movement of small and mid cap counters, albeit some rub off effect though. The traders should understand that small and mid cap is one basket, while large cap is another basket. Therefore, though linking the two is erroneous but it often happens in the real life. Photo : Angel One. The small and mid cap rally is about to begin and hence you need to keep your guns ready for the final shooting. Buy the shares of the companies obtained from distress selling from the traders tormented by margin pressures from brokerage h...

  Coffee Day Enterprises Ltd: Result Update Coffee Day Enterprises Ltd (Rs.48.80) came out with excellent set of numbers for the September, 2022 quarter. The net profit of the company came as Rs 5.67 crore in the quarter ended September 2022 as against net loss of Rs.84.85 crore during the previous quarter ended September 2021.  The Sales rose 56.15% to Rs.229.16 crore in the quarter ended September 2022 as against Rs.146.76 crore during the previous quarter ended September 2021. The quarterly results are set to improve further as the Nationwide Lockdown were lifted across India.  Photo : AndhraFriends.com . Initial Public Offering : Coffee Day Enterprises Ltd came up with an IPO at a price band of Rs.316 to Rs.328 per share in October, 2015. The CMP of the shares of the company is at a considerable discount to the IPO price.  Business : Coffee Day' (CCD). Company owns a network of 550 - plus Cafe outlets spread across in India. In addition to having one of the large...

  Tata Teleservices Ltd: Result Update In September, 2022 quarter on Q - o - Q basis: Revenue : ₹2.79b (up 2.8% from 2Q 2022). Net loss: ₹2.93b (loss narrowed by 6.7% from 2Q 2022). ₹1.50 loss per share (improved from ₹1.60 loss in 2Q 2022). Financial Results (Half Year Ended FY2023) - Y - o - Y Comparison: The company has reported total income of Rs.548.12 crores during the 6 Months period ended September 30, 2022 as compared to Rs.541.51 crores during the 6 Months period ended September 30, 2021. The company has posted net profit / (loss) of Rs.-587.86 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-632.08 crores for the 6 Months period ended September 30, 2021. Advantages : Continuous liquidity support from parents, a focus on the SME segment, media reports of potential collaboration with other Tata Group companies, and transformation into a SaaS+connectivity solution provider are just a few of the positives that could be worki...

Market Mantra The Indian bourses as expected are on consolidated phase. The BSE Sensex is now trading at 61,750.47 down 41.55 points (-0.07%), while the Nifty was last  seen at 18,360.85 up 11.15 points (+0.06%). While the indices are likely to trade in a range, the action will be focused on small and micro cap counters due to the commencement of the #November #Effect. #Buy BIOCON LTD at Rs.283, Short Term 🎯: Rs.294/Rs.297,  SL: 277.90. fundamentals of the company are looking decent.  #Keep accumulating the shares of Nitin Spinners Ltd (Rs.196) and Nahar Spinning Mills Ltd (Rs.179). The new bales of cotton are set to arrive post 15 November, 2022. The cotton prices are falling across-the-board.  #Today the the shares of the blue chip construction company, Dilip Buildcon Ltd (Rs.335) are doing fine. The company is all set to turn around from this (Q3FY23) quarter. I'm looking for a price above Rs.500, in the next 6 - 9 months time frame. #Buy BPL Ltd near the CMP ...

Indowind Energy: Buy CMP: Rs.15.35 Book Value: Rs.25.75 Introduction : Indowind Energy Ltd develops and sells wind farms, manages wind assets, and generates Green Power for utilities and corporations.  Its work consists of Wind Power Project Implementation from Concept to Commissioning, Wind Asset Management Software for installed assets, including operations, billing, and revenue collection from project customers. Customers are supplied with Green Power CER (Carbon Credit) Trading and Sales. Financials : The consolidated net profit of Indowind Energy, surged 656.86% to Rs.3.86 crore on 64.60% increase in net sales to Rs.14.60 crore in Q2 September 2022 over Q2 September 2021. On a consolidated basis, profit before tax surged 587.7% year-on-year to Rs 3.92 crore in Q2 September 2022. Total expense climbed 32.4% YoY to Rs 10.35 crore in Q2 FY23. The net profit surged 138.27% and net sales soared 88.63% in Q2 FY23 over Q1 FY23. The company's net cash from operating activities stood a...

  Winning Strokes The Indian bourses were on roll last Friday, after an Economic Times report indicated that the NDA government is examining possible changes to the capital gains tax regime to make it simpler, including rationalisation of the multiple holding periods. The BSE Sensex closed at 61,795.04 up a massive 1,181.34 points (+1.95%) while the Nifty50 ended the day at 18,349.70 up by a whopping 321.50 points (+1.78%).  In a significant positive development, foreign investors (FIIs/FPIs) have invested nearly Rs.19,000 crore in Indian equities so far this month, owing primarily to a slowing trend in US inflation and a weakening dollar . On Monday, the markets are likely to consolidate around the current ranges. The future direction of the market will come from global cues and also from the current earning session. However, since November Effect has kicked in, the investors should do well to buy momentum counters from the small, mid and micro cap space. I am bullish on Oil ...