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 ITC Grand Maratha Hotel, Andheri East, Mumbai at a consideration of Rs 480 crore.

In a significant development, Adani Realty, the luxury residential and commercial property arm of the leading multinational conglomerate Adani Group, is in advanced talks for a merger with Mumbai-based DB Realty, according to a report by business daily The Hindu BusinessLine.

The merger could be one of India’s largest real-estate deals and is likely to pave way for Adani Realty's listing on the bourses. DB Realty is a listed company and after the merger it would be renamed as Adani Realty, as per the report.

Moreover, true or false -- the name of Sharad Pawar, has always been associated with this company.

#Yesterday, a buy call was initiated in the shares of A U Small Finance Bank Ltd (Rs.232) around Rs.634, for short term target of Rs.717. The stock is trading flat today, after making an intraday high of Rs.637.90. Buy and keep holding. The stock will cross Rs.1000, over a period of time 

The biggest boost to the bottom line has come from a massive improvement in the asset quality with gross steeply falling to 1.96% year-on-year from 4.31% and the net NPA plunging to 0.56% of net advances from 2.26 % in the pandemic hit June 2021, its managing director & chief executive Sanjay Agarwal said.

#Accumulate the shares of Aban Offshore Ltd (Rs.48.75), e for targets of Rs.71/85 especially when the crude oil is trading near $100 per barrel.

#Accumulate the shares of Indowind Energy Ltd (Rs.13.95) in all market declines. Its Q2FY23 results were excellent. This is a sure shot recommendation.