SumanSpeaks: The Information Super Highway

  Today's Call and Other Information #By the shares of KFC India operator Devyani International Ltd (Rs.181.06) for targets of Rs.109/Rs.117. SL: Rs.172.  The company remains optimistic about witnessing a recovery over the next few quarters and is confident of reaching 2,000 stores by the end of calendar year 2024. Photo : Devayani International Ltd. #The morning call on J P Associates Ltd (Rs.8.44) saw it hit the Upper Circuit. The call was given when the scrip was at Rs.8.40.  T₁: Rs.12, T₂: Rs.17. There is as such NO major negative news in the counter, except the debt overhang.  Now Fresh Bidding will take place for its cement division. #The shares of 63 Moons Technology Ltd (Rs.384) is consolidating around the current ranges. It needs to give a close above Rs.387, for further upmove. #The shares of Swan Energy Ltd (Rs.759.30 ). I had earlier give a target of Rs.1000, when it was available around Rs.210. #The stock of BLB Ltd (Rs.18) can spurt anytime from now...

Porinju Veliath: The Downfall of His Boldest Stock Call Porinju Veliath, the charismatic stock market maven whose predictions in the mid, small, and micro-cap spaces once enthralled investors and traders on Indian bourses, has seen his star fall faster than a penny stock in a rising bull market. That's the price you pay for excesses in the share market. 💢Remember GVK Power & Infrastructure? At Rs.6.34, it’s making new 52-week lows. Porinju, in his heyday, boldly forecasted a target of Rs.27/29. Alas, the stock barely touched Rs.17, despite his relentless endorsements on various business channels. Sure, it hit an all-time high of around Rs.80 some 15 years ago, but those glory days are long gone. 💢The Hyderabad - based power and infrastructure company GVK Power & Infrastructure, dabbling in power, roads, urban infrastructure, bio-science, hotels, and manufacturing, was once heralded by none other than Porinju Veliath as the next Rs.1,00,000 crore giant. Fast forward to tod...

  Winning Strokes: Think Different   The Indian markets are on a roll, after the Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 which focused on employment, skilling, MSMEs, and the middle class. The rally in the coming days is expected to become more broad-based -- picking up momentum in the small and mid cap space. The two very important development we witness in the budget 2024 are: 💢Provision of Rs 11.11 lakh crore (3.4% of GDP) for capital expenditure. 💢Aiming to reduce the fiscal deficit below 4.5% next year and and maintaining a declining central government debt-to-GDP ratio from 2026-27 onwards. Proposing an investment of Rs 10 lakh crore, including Rs.2.2 lakh crore in central assistance, over the next five years under PM Awas Yojana Urban 2.0 to address the housing needs of 1 crore urban poor and middle-class families. This is positive for the real estate companies which are into affordable housing. Post Budget 2024, the mutual fund managers...

JP Associates Ltd (Rs. 8.50) and Buyer Freeze Syndrome JP Associates Ltd has been enjoying a series of Buyer Freezes lately. Interstingly, when stocks surge, everyone becomes a market sage armed with lofty targets coupled with an array of postive vibes.  But when they stumble or when the share starts hitting continuous Seller Freezes, it's all doom and gloom out there in the bourses — a phenomenon Rakesh Jhunjhunwala famously called "Analysis Paralysis."  I've seen this play out with my earlier recommendations too like: Premier Explosives Ltd at Rs.29/30, Suzlon Energy Ltd at Rs.6, Swan Energy Ltd at Rs.210, and Wockhardt Ltd at Rs. 170, to name a few. These stocks have turned into multi - baggers over time.  Incidentally, the real issue arises when some folks in stock market start comparing option trading gains to equities—apples and oranges, guys! Don't get confused! Meanwhile, some of you have asked me, about JP Associates Ltd’s targets. Honestly: 💢 I have no...

  BLB Ltd (Rs.18.05): An E merging Opportunity in the Share Market Recent intel from my reliable sources in Delhi indicates that the proposed open offer price of Rs.22.50, which surfaced in January 2024, was ultimately rejected by both parties due to procedural and other undisclosed issues.  However, these setbacks have not deterred the company's outlook, as it is poised for a promising performance starting this quarter, according to the sources who preferred to remain anonymous. By the way, as the shares of numerous brokerage houses are climbing in sync with the Sensex, this particular stock has the potential to be a standout performer. It is advisable to accumulate this stock close to the company, as it is expected to gain momentum imminently. Photo : Economic Times, March 2024. Price Targets: 💢First Target: Rs. 32 💢Second Target: Rs. 37 So, dear investors, it appears the stage is set for this stock to steal the spotlight and dance its way up the charts. Keep an eye on it,...

The recent Telecom Tariff Hike was comparable to what money would have earned in Bank FDs.. Interest charged by banks and financial institutions is like a premium on your idle money, or in simpler terms, it's the rent you pay for letting your money change locations from your pocket to theirs. Recently, telecom companies hiked their tariff plans after a three-year pause, much to the chagrin of many Indians. However, these recent hikes, ranging from 17-19%, coupled with the natural growth in data usage thanks to the 5G wave, are expected to push the industry average revenue per user (ARPU) to a decade-high of Rs.225-230 by fiscal 2026, up from Rs 182 in fiscal 2024, according to CRISIL Ratings. Photo : The India Times . CRISIL Ratings also noted that, along with a reduction in capital expenditure due to fewer network investments following the completion of 5G roll-outs and limited spectrum renewals, the return on capital employed (RoCE) will improve. This will support deleveraging in...

  Today's Call  #Buy the shares of 63 Moons Technology Ltd (erstwhile Financial Technical Ltd) near the CMP of Rs.350, SL: Rs.342, T: Rs.421.  63 Moons Group is radically transforming from a traditional fintech company to a leading-edge technological enterprise. This evolution focuses on emerging technologies, including blockchain, digital assets, cybersecurity, artificial intelligence (AI) and legal tech.  63 Moons Technologies Ltd is transforming from fintech to tech enterprise, focusing on blockchain, AI, and cybersecurity. Key initiatives include 63 SATS, 3.0 Verse, and QiLegal.   Photo : AngelOne As mentioned above, the company has forayed into new verticals which will take the scrip to new highs. 63 moons Technologies offers consultancy, computer programming, and related services. It is a global leader in supplying technical intellectual property (IP) and domain expertise for the development and trading of advanced financial markets. These markets are des...

  Today's Call Introduction : BLB Limited specializes in 'Jobbing and Arbitrage,' known for its strong capital commitment and deep understanding of market dynamics and structure. The company's main business is trading and investing in shares and securities. BLB Limited is a corporate member of the National Stock Exchange of India Limited (NSE). Buy the shares of BLB Ltd near the CMP of Rs.19.50, for targets above Rs.27. According to ICICI Securities, here are the strengths of the company: 💢 Rising Net Cash Flow and Cash from Operating activity. 💢Company with Low Debt. 💢Increasing Revenue every quarter for the past 2 quarters. Photo : Nirmal Bang. In a significant development in January, 2024, Dream Achiever Consultancy Services Private Limited, purchased 1.37 crore fully paid-up equity shares from public shareholders at a price of Rs.22.60 per share through an open offer. The total expenditure incurred by Dream Achiever Consultancy on this open offer amounted to Rs 3...

  Today's Call Introduction : Ashoka Metcast Ltd is a part of a diversified business group having interests in several sectors, which include: Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate.  Its flagship Group Company - Gujarat Natural Resources Ltd  is engaged in the business of Oil & Gas exploration and production. The company is listed in the BSE. Buy the shares of Ashoka Metcast Ltd near Rs.20.40/Rs.20.50, for short term targets of Rs.32/37. Financials : Market Cap: Rs.50 Cr. EPS : Rs.2. TTM P/E: 10.10. Industry P/E: 44.24. Book value: Rs.41.83. Ashoka Metcast Ltd's March, 2024 quarter's Financial Performance:  Ashoka Metcast's net profit increased by 185.60% to Rs.3.57 crore in the quarter ending March 2024, compared to Rs.1.25 crore in the same quarter of the previous year. During the same period, sales went up by 104.62% to Rs 39.39 crore, from Rs.19.25 crore the previous year. For the full year ending March 2024, the net pro...

  Today's Call #Re - enter the shares of Vodafone Idea Ltd (Rs.17.41) near the CMP for short term targets of Rs.22 and Rs.28. After the tariff hike and a bounce from Rs.17.30, the stock is looking attractive Moreover, Nuvama expects an inflow of $ 254 million through the passive funds. Also, Vodafone Idea, 5 other stocks expected to enter MSCI index, as per a recent report in Economic Times. Meanwhile, JM Financial is bullish on Vodafone Idea as they see the telecom space remain in pink after the recent price hike. The stock has witnessed a bump in volumes in the last 3 months along with a bullish pole and flag pattern set up, says the research firm. The analysts gave a target of Rs.24/28 for the stock. Amar Deo Singh, Head Advisory at Angel One on Monday said the telecom companies will gain from the recent tariff hike as they have not raised tariffs since 2021.  For Vodafone Idea Ltd (VIL), the analyst said the stock has been like a "slow and steady" performer recen...