Today's Call and Other Information 

Buy the shares of NMDC Ltd near the CMP of Rs.213.30, T: Rs.151/Rs.270. SL: Rs.192.

NMDC is India's single largest iron ore producer. NMDC is operating four Iron Ore mechanized mines viz., Bailadila Iron Ore Mines – Kirandul Complex (Dep-14, 14 NMZ, 11B & 11C), Bailadila Iron Ore Mine – Bacheli Complex (Dep-5,10 & 11A) in the Chhattisgarh State, Donimalai Iron Ore Mine and Kumaraswamy Iron Ore Mine in the Karnataka State. Photo: Egov.

Incidentally, a bench led by Chief Justice DY Chandrachud in a recent verdict allowed states to collect past dues in the form of royalty and tax from April 2005. The Chief Justice said that the time for payment of demand for tax shall be staggered in installments over a period of 12 years, starting April 1, 2026.

However, according to a report in CNBC TV, the three states who had earlier levied this kind of cess are: Odisha, Jharkhand, and Tamil Nadu. Hence, as per my understanding, NMDC Ltd will not be affected by this Supreme Court order. 

#The shares of BLB Ltd (Rs.18.39) Freezed in the NSE. I have good holding in my portfolio accounts. 

I have been recommending the scrip since sometime, especially when it fell around Rs.17.10. Buy scrips based mostly on Fundamentals and less on Charts.

#Buy the shares of ZEE TV Ltd (ZEEL) near the CMP of Rs.134.90, for targets of Rs.160/172. I am expecting an upgrading of the stock post raising of funds through FCCB.

However, on the negative side, in case all the FCCBs are converted to equity shares, the proposed equity shares that stand to get diluted will be 12.46 crore with a face value of ₹1 each at a conversion price of ₹160.2 per share. 

On the positive side the conversion price is more 15% premium to Zee Entertainment's CMP

#On the other hand issues related to J P Associates Ltd (Rs.9.22) and MEP Infrastructure Ltd (Rs.8.45) are on the verge of settlement, according to my close sources, who refused to be named.

#The shares of Devyani International Ltd (Rs.171) have again started its upward movement. You can take fresh positions in the counter. We can look for targets of Rs.200+ in the coming weeks, as Festival season is approaching.