Winning Strokes: Think Different 

The key equity indices barely managed to stay in the green on Thursday, with the Nifty just above 24,800, as the market rode a roller coaster thanks to the weekly F&O expiry. The Sensex added a mere 147.89 points (0.18%) to hit 81,053.19, and the Nifty 50 nudged up by 41.30 points (0.17%) to settle at 24,811.50. Broader markets took the lead, with the Mid-Cap and Small-Cap indices gaining 0.67% and 0.47%, respectively.

While European and Asian markets celebrated the possibility of a U.S. rate cut like it was a long-lost friend, a sobering reality check arrived in the form of a massive downward revision in U.S. payrolls data—818,000 fewer jobs than previously thought. 

Cue the nervous laughter about a potential recession in the world’s largest economy. Investors are now anxiously awaiting Federal Reserve Chair Jerome Powell's upcoming remarks at the Jackson Hole Symposium on Friday, hoping for some clarity amidst the uncertainty.

#BLB Ltd (Rs.21.84) hit another Buyer Freeze. However, the stock exchanges have reduced the circuit limit and has put restrictions in day trade. 

Reducing the circuit limit to below 2% from ~5% just after few days of trade shows the bankruptcy of intellectual capital of those at the helm of the stock exchanges. There can be circuits but putting a speed breaker after every 10 metres on slight pretext, goes to show the (rotten) quality of brains working in the surveillance department of the BSE/NSE. Unfortunately, both the stock exchanges have not been performing well after the new SEBI chairperson stepped in. 

Furthermore, the website of NSE does not even show the closing price of the scrip. From the beginning NSE website has been worst in terms of design and content. The Bombay Stock Exchange, standing firm at Dalal Street, still stands tall among all the exchanges in India, however much NSE thinks to ecplise it. 

#The stock of Coffee Day Enterprises Ltd (Rs.41.16) hit the Upper Circuit yesterday. However, it might face headwinds to cross Rs.41/42 ranges. Hold!! 

#The stock of Vodafone Idea Ltd (Rs.16.20) has started to inch towards Rs.22/24/27/34 ranges. 

By the way, the telecom companies are expected to do exceptionally well in future due to fast change of Technology from 3G to 4G to 5G, enhancing the user experience and shifting a large part of the technology savvy audience from Television Segment to Internet based video streaming networks. This Aditya Birla group company, with government of India stake is sure to do well in future. Accumulate in dips. 

#The stock of Sarthak Industries Ltd (Rs.24.80) put up an impressive performance yesterday. The scrip made an intraday high of Rs.25.90 before closing, 4.55% in the BSE. I have recently recommended the shares after its good June, 2024 quarter results. It will invariably cross Rs.50, over a period of time. 

#I have taken some shares of NHPC Ltd (Rs.97.93) for my portfolio clients, considering its future growth trajectory. I have considered the 1st Target of Rs.109, followed by Rs.117. 

Now tell me at the moment, which according to you is a better investment option?

💢Tata Power Ltd (Rs.422.75) with Face Value of Re.1 (one) and P/E 42.57.

💢NHPC Ltd (Rs.97.93) with Face Value of Rs.10 (ten) and P/E of 23.88. Besides, NHPC Ltd is planning to add capacity at a massive 21% CAGR over FY24-27E, though a large part of it is only expected in FY27E. Nevertheless, share price of a company always moves in advance, like we had seen in Zomato Ltd. 

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#The stock of Devyani International Ltd (Rs.181.40) made an intraday high of Rs.182.80, before closing up 3.54%. I have already predicted when it was around Rw.169/Rs.170 that it will make a new 52 - week high in the coming days, due to the scintillating performance of its overseas business and due to the ensuring Festival Season kickstarting with Ganpati Festival in Mumbai and elsewhere. The stock has been on roll since then. Moreover, the company came out with good numbers for the June, 2024 quarter. Hold! 

#My recommended P C Jewelers Ltd (Rs.108.76) made a new 52 - week high Today. I have been recommending the scrip since it was around Rs.27. In this context keep a close eye on Rajesh Exports Ltd (Rs.298.25). 

Meanwhile, according to a report published in Business Standard on 26 July, 2024: Jewellers are now rolling in gold as buyers rush to stock up on bling, thanks to the government's shiny new import tax cuts on gold, silver, and platinum. With prices dropping faster than a bride’s bouquet toss, Mumbai’s Zaveri Bazaar is buzzing like a beehive, boasting a whopping 60-70% surge in customer traffic.

The government earlier slashed Customs duties on gold bars from 15% to 6%, and now gold dore gets away with just a 5.35% duty. Silver isn’t left out of the party either, with bars and dore now taxed at a cool 6% and 5.35%, respectively. This price correction has seen people rushing to jewellers like an alcoholic to a beer bar.

In Delhi, where jewellers previously saw tumbleweeds rolling through their shops, foot traffic has spiked by at least 50% since the Union Budget announcement. As Yogesh Singhal, chairman of the Bullion and Jewellers Association, quipped, “Customers are coming in; even if they aren’t buying, at least they’re browsing, which is more than we could say before the Budget.” And with the wedding season around the corner, it looks like the glitterati are gearing up for a golden October!