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. Accumulate with a SL of Rs.16. 

#The stock of Vodafone Idea Ltd (Rs.16.39) has started to move in a range. Keep accumulating, it for targets mentioned earlier. 

The most striking point in the scrip is that: the government of India is holding substantial stake in the company. It is likely to be another Suzlon Energy Ltd (Rs.69), which if you remember, I recommended it around Rs.6.10, when most of the investors were not ready to buy the scrip -- some were even coming up with scary debt stories at that time. Now, all of these men have suddenly vanished.

#I waiting for the June, 2024 quarter results of Rajesh Exports Ltd (Rs.314). I am expecting some improvement in the Q1FY25 results, atleast in the topline. Meanwhile, the promoters have hiked their holdings in the counter. The work is going on for the completion of Lithium-ion battery factory at Dharwad, Karnataka.