India to go cashless?

These days after the ill conceived demomitisation drive of the "Copy - Paste" Narendra Modi government, lot of stories are being spun to make India, a country where still more than 25 crore population struggles to get two square mills a day, Cashless -- a sort of Utopia, in the prevailing socioeconomic conditions.

The Modi brigade has suddenly becomes aficionados of "Plastic Money". 

However, it is to be remembered that in India more than 80% of the financial transactions are done through cash. The current "Tughlaq-ian" policy has suddenly brought this system to a standstill.

There is no 100% cashless economy in the world. Moreover among the 150 - plus, small and big countries, only a few Scandinavian and African countries,  apart from UK and Canada has gone for partial cashless; with Sweden topping the list.

However, Germany, a super power in Europe is one such place where the usage of cash is still very popular. Places like cafes and small restaurants actually refuse to accept cards.

It is no surprising that like in many earlier cases, the Narendra Modi brigade focuses, only that part of the whole story which suits their clandestine designs.

It is to be remembered that Debit Card companies normally charge 2% on any transaction, while in case of Credit Cards there are yearly fees, in additiom to the interest charged for exceeding the credit period.

So, the Modi government is trying to put additional financial burden on Indians; through advertisement blitzkrieg.

Additionally, this (demon)etisation drive has already dented the image of India, among the nations of the world, as many foreigners have started to think that Indians horde huge "Black Cash" in their homes, while in reality it is not more than 6-10% -- what a stark way to score self-goal...!!

Also, if the (demon)itisation is such a "HOLY" and wonderful step to cull "Black Money" in India, then why did a 2012 CBDT report advised the then government against the move and more importantly why did the BJP oppose the move in 2014..?

India to go cashless?

These days after the ill conceived demomitisation drive of the "Copy - Paste" Narendra Modi government, lot of stories are being spun to make India, a country where still more than 25 crore population struggles to get two square mills a day, Cashless -- a sort of Utopia, in the prevailing socioeconomic conditions.

The Modi brigade has suddenly becomes aficionados of "Plastic Money". 

However, it is to be remembered that in India more than 80% of the financial transactions are done through cash. The current "Tughlaq-ian" policy has suddenly brought this system to a standstill.

There is no 100% cashless economy in the world. Moreover among the 150 - plus, small and big countries, only a few Scandinavian and African countries,  apart from UK and Canada has gone for partial cashless; with Sweden topping the list.

However, Germany, a super power in Europe is one such place where the usage of cash is still very popular. Places like cafes and small restaurants actually refuse to accept cards.

It is no surprising that like in many earlier cases, the Narendra Modi brigade focuses, only that part of the whole story which suits their clandestine designs.

It is to be remembered that Debit Card companies normally charge 2% on any transaction, while in case of Credit Cards there are yearly fees, in additiom to the interest charged for exceeding the credit period.

So, the Modi government is trying to put additional financial burden on Indians; through advertisement blitzkrieg.

Additionally, this (demon)etisation drive has already dented the image of India, among the nations of the world, as many foreigners have started to think that Indians horde huge "Black Cash" in their homes, while in reality it is not more than 6-10% -- what a stark way to score self-goal...!!

Important

1. Those who have still now not sold the

shares of Prajay Engineers Syndicate Ltd (Rs.14.05) can continue to hold with a SL of Rs.11.70 for earlier mentioned targets of Rs.18-21. The property prices in Hyderabad and Vijayawada are showing some buoyancy amidst all the doom and gloom in NCR, MMR, Bangalore, Pune, Kolkata, etc. How this opportunity is utilized by the Prajay management to effect a turn around, remains to be seen.

2. The shares of RCom should soon break out from the current levels and move towards Rs.53-54. The investors are suggested to have a little patience. Some of the analysts with qhom I spoke during the last couple of months have more or less given a target of Rs.72, for the scrip.

3. Shrenuj & Co hit another buyer freeze at Rs.3.65. The investors are suggested to book some profit.

4. With lot of fanfare, the Mumbai based operator S P Tulsian recommended MBL Infrastructure Ltd (Rs.105) and Jai Corp Ltd ( Rs.72.55). But once both the stocks started to underperform, he and his pet channel CNBC TV18 are found nowhere. Pump and Dump..? Photo: Dynamic Levels

5. Those who are holding Vedanta Ltd (Rs.215) from Rs.61-62 levels can book 80% profits a d hold the rest with a SL of Rs.196.

6.Those who have entered Texmaco Rail Ltd should hold with a SL of Rs.107. Since the budget date will be advanced, we can expect the share to touch Rs.141-142, in the next couple of months.

"Muhurat" Picks and Other Stocks

First of all, let me wish you all a very happy Deepawali and Kali/Lakshmi Pooja. These days, I am too busy with some Bollywood (and other) Assignments, which calls for frequent change of locations and therefore,  I mostly update this blog from my mobile and Tab. The things at my end are likely to get streamlined from the 2nd week of next month -- till then please bear with me.

The Samvat 2072 was very challenging as the Nifty fell from around 8000 to 6900 during the first four months.

However, post budget day, it had a secular bull run with Nifty gaining around 8% during the whole of Sambar 2072; mid and small caps outperforming their larger peers.

The Indian markets at present are on a Bull Run inspite of the global headwinds like Brexit, talks of a rate hike in the US, Crude Oil meltdown and most importantly, a destabilizing northern frontiers; where the Indian defense forces are struggling to contain streams of terrorist inflow from across the border.

Meanwhile, we have seen a cut in fiscal and current account deficits, accompanied by low inflation and a somewhat stable INR. Moreover, the reversal of interest rate trajectories and good monsoon after a gap of couple of years, have raised hopes of further travel of Nifty towards the North. 

In Samvat 2073 too, I expect this bullish trend to continue as the NDA government continues with its reform agenda, which is likely to catapult a continuous money flow towards the Indian shores; both through FDI and FPI/FII. Recently there are market gossips that the FMO is examining the proposal to cut corporation tax by 1-2%.

Besides, with bond yields on the decline, there is an expectation that retail investors would gravitate towards stocks from fixed income instruments. This also has contributed to higher interest among investors to look for stocks that would deliver good returns over a 12-month horizon.

It is pertinent to mention that, India is among the few countries which has a GDP growth of above 7%; a figure which has led even the DIIs to keep their money taps pouring, on the Indian bourses.

In this condition, I continue to remain bullish in some of the beaten down sectors, like Telecommunications, Banking, Construction (not real estate), Engineering, Upstream Oil companies and Gems and Jewelry sector, apart from FMCG, Steel, Power and Auto. I am recommending two scrips as "Muharat" Picks:

1. Buy Texmaco Rail & Engineering Ltd at around Rs.110-111, for a short term target of Rs.139-141.

2. Buy Tata Coffee Ltd at Rs.127-128, for a target of Rs.145.

Tata Coffee has reported an 85-per cent growth in profit during July-September quarter at Rs 24 crore as against Rs 13 crore, a year ago. The Coffee production in India for 2016-17, post blossom, was estimated at about 320,000 metric tonne, lower by eight per cent, compared to 348,000 metric tonne in 2015-16 (final estimate).

Updates on my previous recommendations:

1. The investors can book some profits in Shrenuj & Co at around Rs.3.32 and complete profit in Prajay Engineers Syndicate Ltd at around Rs.14.50-15.50. Though the land prices in Hyderabad and especially in Vijayawada are showing some buoyancy, but Prajay Engineers Ltd like many Hyderabad based companies have a questionable management; so unless you are a too risk taker it is better to book short term profits and invest in better pedigree companies.

2. Those who are still holding my recommended J P Associates Ltd (Rs.11.15) and Unitech Ltd (Rs.6), should book complete profits and exit the counters, as the real estate markets in NCR and MMR are likely to collapse further due to over supply and high base prices. The unsold inventories continue to rise as the Builders are finding extremely difficult to come out of debt traps; as it seems the buyers are continuing to exit real estate space, in these two regions.

3. Those who are holding MBL Infrastructures Ltd (Rs.104.95) and RCom (Rs.46.80) can continue to add on declines for targets of Rs.150-170 and Rs.72, respectively.

MBL Infrastructures Ltd is engaged in execution of civil engineering projects across the country. The company has integrated business model for EPC and BOT projects. Photo: The Hindu Business Line.

4. Those are still holding my recommended Tata Steel Ltd from Rs.217 levels can look for target of Rs.425, where they can book complete profit and wait for dips to enter.

5. Those who are holding my recommended BHEL from Rs.92-106, can continue to add for the long term with a SL at Rs.131.

6. Those who are holding my recommended Vedanta Ltd from Rs.61-62, can look for short term targets of Rs.210-212.

Do You know...?

Mr.Amar Singh and Anil Ambani were once in the same party, viz, SP of Mulayam Singh Yadav, isn't it?

Now it is interesting to note that while shares of Energy Development Company Ltd of Amar Singh (in which once Amitabh Bachchan held stake) raced from Rs.19-20 to Rs.220 plus in one year, RCOM (Rs.45.95) is still a laggard.

I feel with Mukhesh Ambani now firmly behind RCom (Anil said Reliance Communications Ltd has virtually merged with RJio Infocom of Mukhesh Ambani) and Both the brothers suddenly becoming Narendra Modi fans, I don't think this dichotomy can continue for long.

Amar Singh, the powerful "Thakur" from the UP is a friend of Ambani Brothers, especially the Junior one.....

Important

1. My recently recommended Prajay

Engineers Syndicate Ltd (Rs.12.40) is hitting new high. The investors can hold the scrip for targets of Rs.18-21. The buoyancy in the real estate market in Telengana and Andhra Pradesh is positive for the counter.

2. MBL Infrastructure Ltd (Rs.102) is likely to

come up with good set of numbers for the September quarter.

Among the smaller companies in the infrastructure space, road player MBL Infrastructures is well placed to gain from the improving outlook.

For one thing, MBL Infra has not followed an aggressive strategy unlike some of its peers. In the build-operate-transfer segment, the company has four road projects under implementation.

Two of these have a relatively lower risk, being on an annuity model, where the road developer receives fixed half-yearly payments from the state or national highways authority and is not subject to the volatility of traffic flow.

MBL has one completed BOT project on which it is collecting tolls.

The other BOT projects will become operational over the next few months.

The second reason MBL is well placed to grow is because it simultaneously undertakes pure construction of roads on a contract basis, or as EPC (engineering, procurement and construction) projects for third parties.

Thirdly, MBL is an early mover in operations and maintenance of completed roadways, a segment with strong potential and accounting for 15% of its order book.

Fourthly, MBL has diversified from roads into segments such as railways, where there are now many opportunities.

Industrial and residential buildings are the final segment MBL operates in. The company is now looking into booking construction contracts in port development and connectivity through joint ventures.

Thanks to its EPC business, MBL sales have been growing.

Over the past 4 years, revenues have grown over 15% on a compounded annual basis. In December, 2014, MBL Infrastructure Ltd managed to raise Rs.117 crore in equity through institutional placements balancing its heavy debt to an extent.

The investors are suggested to accumulate the scrip of MBL Infrastructure Ltd on declines.

3. BHEL recommended around Rs.106.15 in March, 2016 has already given more than 40% return during this period. Short term investors can hold the scrip with a SL of Rs.136-131.

4. Those who have booked short term profit in Jai Corp Ltd around Rs.75, should wait to see if it breaks Rs.72 and comes down to Rs.67-69, for taking fresh positions.

5. Those who are holding the shares of Reliance Communications Ltd (47.10) should accumulate as much as possible. The rally in RCom will probably start post Deepawali.
This company is now virtually merged with RJio, apart from its formal merger with Systema  and Aircel. "The spectrum auction did not attract any bids for the highly expensive 700 MHz band, implying that Reliance Jio Infocomm Limited (unrated) and Reliance Communications Limited (Ba3, review for downgrade) -- which have a spectrum-and-infrastructure sharing agreement -- will remain the only players with access to pan-India spectrum in the sub 1 Ghz band," a recent Moody's report said. "Longer term, the spectrum which the operators secure will help them maintain their competitive positions, support their strategies on data growth and enhance cash flow generation.

Their high debt burdens may also pave the way for recapitalisation events and further industry consolidation, which will in turn ultimately benefit those incumbents well positioned in 4G," the report noted.
It is now a massive company and it is your sheer luck that you are getting the shares of RCom at dirt-cheap price of Rs.47-48. Aggressive investors can sell gold/real estate and invest in the stock.

6. Vedanta Ltd (Rs.203) recommended around Rs.60-62, has given a stupendous returns to patient investors. The long term investors can still hold the stock for targets of Rs.217-221, SL: Rs.191.

7. Those who are still holding the shares of Gitanjali Gems Ltd (Rs.78.79), can book some profit and hold the rest with a SL of Rs.75.

8. Those who are holding the shares of Shrenuj & Co Ltd (Rs.2.85) can continue to hold till Deepawali, with a SL of Rs.2.70.

Important

1. Buy Sure Shot: MBL Infrastructure Ltd at Rs.106.55, T: Rs.125 -- 132, SL: Rs.97.

2. Short term traders can book some profits in Jai Corp Ltd (Rs.74.80).

3. Increase your holding in RCom (Rs.47.35) for a Short term target of Rs.54.

4. The infrastructure sector should do well post monsoon -- so remain heavy.

Navi Mumbai and Jai Corp Ltd

Photo: Twenty22--India

The land prices in  Navi Mumbai are shooting up due to:

(i) the proposed international airport near Ulwe,

(ii) the proposed trans-harbour sea link between Navi Mumbai and Shewri, south Mumbai. After its completion,  commuters will be able  reach Nariman Point from Panvel in mere 30 minutes.

(iii) the metro linkage between Navi Mumbai airport and Belapur. In future this metro project is likely to extend up to Chembur via Taloja and Vashi,

(iv) due to Navi Mumbai Sez.

The Financial Express writes on 3 October, 2016:

Navi Mumbai is now also connected via the eastern freeway in Chembur to Nariman Point in south Mumbai.

With real estate costs that are nearly as competitive as those in Gurgaon, Pune or even some pockets of Bengaluru, Navi Mumbai is staking a claim to become the next big IT hub. 

The direct beneficiary would be Jai Corp Ltd (Rs.71), which has large land holdings in Navi Mumbai and Mumbai Sezs apart from its traditional business. Anand Jain of Jai Corp is a close associate of Mukesh Ambani, who also owns land in Mumbai Sez.

I feel it is pertinent to mention here that S P Tulsian of www.sptulsian.com earlier told CNBC-TV18 that: "In the land bank, Navi Mumbai SEZ has 4,100 acre and Mumbai SEZ has 4,600 acre in which Jai Corp is having interest. With this trans-harbour link, Sewri to Navi Mumbai, that will give a good value to that land. Still things are there, regulatory clearance and all that conversion from SEZ, but this company is holding minority stake in that and that will definitely be seen quite positive."

Astronomical Pricing of 700 MHz auction to help Ambani brothers...?

The result of Telecom auction failure is a disaster of an exercise that had the potential to give a new leap to high speed internet at affordable prices.

KNDA government's greed and plundering attitude destroyed the opportunity.

However, I am of the view that spectrum pricing of 700 MHz category in the recent auction might have been done to help Ambani brothers, because RCom has enough of 800 MHz spectrum (probably highest among all telecom players in India) which is comparable with 700 MHz.

It is pertinent to mention here that virtually RCom and RJio is now a single company --- RJio can use RCom's 800 MHz spectrum for its 3G and 4G services, across the length and breadth of India.

Therefore, no telecom company bidding for 700 MHz (or getting it and losing money for infrastructure spend) is positive (advantageous) for both RCOM and RJio in their present day avatars.

Do you know..?

Jai Corp Ltd (Rs.72.95) made a high of Rs.1,282 on January 10, 2008.....while RCom (Rs.47.30) had made a high of Rs.800 plus in 2008.

However, both the companies now have expanded their businesses few fold from that avatar to the present state.

While in between Jai Corp Ltd has started venture capital fund and they are developing Rewas Port near Mumbai having a draft of about 14.5 meter with 10 berth for which again 2,000 acre of the inter-tidal land has already been given by the maritime board to the company and that port is expected to go on steam may be by the end of this year.

RCOM has done one of the biggest handshakes in the telecom sector, virtually merged with RJio (which has very strong Financial Muscle) and is to sell its Tower business by the end of this week.

So lot is there on the plate for patient investors.

It is pertinent to mention here that Jai Corp Ltd, incorporated in 1985, has traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate.

On the other hand in case of RCom, the merged company's subscribers will have access to nationwide gold standard' 4G LTE services on the sub-1 GHz band, under RCom's existing nation-wide spectrum sharing/ ICR arrangements with Reliance Jio Infocomm.

The combined 2G, 3G and 4G networks position the merged entity for further strategic collaborations, and provide the entity the unique capability to offer a robust platform of services across all customer segments in all 22 telecom circles, including the mass market, leading to a superior customer experience at an affordable price point, and bringing the Internet to All.

Winning Strokes: Think Different

Gitanjali Gems Ltd (Rs.87.95) recommended repeatedly in this blog, made a 52 -- week high of Rs.91.40 today in the BSE. The stock touched my targets of Rs.62 and Rs.75. The investors can book some profits.

Adani Enterprises Ltd (Rs.69.20) recommended in this blog from around Rs.66, today made a high of Rs.70.35. Unless Rs.67, is broken on the downside, this is a hold now.

Shrenuj & Co Ltd hit the upper circuit today in both the exchanges. However, unless it crosses Rs.2.70, with good volumes, these rallies should be used as exit opportunities.

Jai Corp Ltd (Rs.72.95), an Anand Jain company, the half brother of Mukhesh Ambani was recommended today for targets of Rs.81-86-91. Mukesh Ambani's company Reliance Jio Infocom Ltd is in the news these days; the positive effects could spill on to the share of Jai Corp Ltd; apart from other bullish factors.

According to a report publiahed in Business Standard, Mukhesh Ambani, an investor in the Navi Mumbai SEZ project in his personal capacity, is evaluating offers from a few investors seeking to develop it as an industrial park. The Maharashtra government has already allowed a part of the SEZ to be converted into an industrial area and the valuation exercise for the SEZ, spread across 2,140 hectares in Navi Mumbai, is underway.

It is pertinent to mention here that, the SEZ’s promoter, Jai Corp (owned by Ambani’s close confidant Anand Jain),  earlier blamed the global financial crisis and the withdrawal of fiscal incentives by the Centre for the project turning unviable.

Ambani and Jai Corp had also planned to set up another SEZ, Mahamumbai, in Raigarh district. But the project faced stiff resistance from locals, who agitated against land acquisition by the state government. For the project, land was acquired in Uran, Pen and Panvel. So far, only 4,600 acres have been acquired.

In its annual report for 2014-15, Jai Corp said the new land acquisition Act, notified in January 2014, made it difficult to buy land in contiguity, vital for an SEZ. But the land can be used for other projects, if the Maharashtra government allows to do the same.

There were media reports today, that Reliance Communication'sCommunication's Ltd (Rs.47.30) tower sell can happen next week. The investors are suggested to continue accumulating the scrip on all declines. This could be another Gitanjali Gems Ltd -- Just you need to have patience.

Winning Strokes: Think Different

Gitanjali Gems Ltd recommended repeatedly in this blog, made a 52 -- week high of Rs.91.40 today in the BSE. The stock touched my targets of Rs.62 and Rs.75. The investors can book some profits.

Adani Enterprises Ltd (Rs.69.20) recommended in this blog from around Rs.66, today made a high of Rs.70.35. Unless Rs.67, is broken on the downside, this is a hold now.

Shrenuj & Co Ltd hit the upper circuit today in both the exchanges. However, unless it crosses Rs.2.70, with good volumes, these rallies should be used as exit opportunities.

Jai Corp Ltd an Anand Jain company, the half brother of Mukhesh Ambani was recommended today for targets of Rs.81-86-91. Mukesh Ambani's company Reliance Jio Infocom Ltd is in the news these days; the positive effects could spill on to the share of Jai Corp Ltd; apart from other bullish factors.

There were media reports today, that Reliance Communication'sCommunication's Ltd (Rs.47.30) tower sell can happen next week. The investors are suggested to continue accumulating the scrip on all declines. This could be another Gitanjali Gems Ltd -- Just you need to have patience.

Winning Strokes: Think Different

Gitanjali Gems Ltd recommended repeatedly in this blog, made a 52 -- week high of Rs.91.40 today in the BSE. The stock touched my targets of Rs.62 and Rs.75. The investors can book some profits.

Adani Enterprises Ltd (Rs.69.20) recommended in this blog from around Rs.66, today made a high of Rs.70.35. Unless Rs.67, is broken on the downside, this is a hold now.

Shrenuj & Co Ltd hit the upper circuit today in both the exchanges. However, unless it crosses Rs.2.70, with good volumes, these rallies should be used as exit opportunities.

Jai Corp Ltd an Anand Jain company, the half brother of Mukhesh Ambani was recommended today for targets of Rs.81-86-91. Mukesh Ambani's company Reliance Jio Infocom Ltd is in the news these days; the positive effects could spill on to the share of Jai Corp Ltd; apart from other bullish factors.

There were media reports today, that Reliance Communication'sCommunication's Ltd (Rs.47.30) tower sell can happen next week. The investors are suggested to continue accumulating the scrip on all declines. This could be another Gitanjali Gems Ltd -- Just you need to have patience.

Winning Strokes: Think Different

Gitanjali Gems Ltd recommended repeatedly in this blog, made a 52 -- week high of Rs.91.40 today in the BSE. The stock touched my targets of Rs.62 and Rs.75. The investors can book some profits.

Adani Enterprises Ltd (Rs.69.20) recommended in this blog from around Rs.66, today made a high of Rs.70.35. Unless Rs.67, is broken on the downside, this is a hold now.

Shrenuj & Co Ltd hit the upper circuit today in both the exchanges. However, unless it crosses Rs.2.70, with good volumes, these rallies should be used as exit opportunities.

Jai Corp Ltd an Anand Jain company, the half brother of Mukhesh Ambani was recommended today for targets of Rs.81-86-91. Mukesh Ambani's company Reliance Jio Infocom Ltd is in the news these days; the positive effects could spill on to the share of Jai Corp Ltd; apart from other bullish factors.

There were media reports today, that Reliance Communication'sCommunication's Ltd (Rs.47.30) tower sell can happen next week. The investors are suggested to continue accumulating the scrip on all declines. This could be another Gitanjali Gems Ltd -- Just you need to have patience.

Today's Call

1. Buy JSW Energy Ltd at Rs.73.90, T: Rs.84, SL: Rs.71.

2. Buy Reliance Communications Ltd at Rs.47.90, T: Rs.55, SL: Rs.46.70. The company has copious spectrum in the 800 MHz category, which is comparable with 700 MHz category.Since no bids were received for 700 MHz, 900 Mhz bands and hence those who are having could have lot of advantages; especially when 3G penetration is still very low in India ( Chance of growth is very in this space).

Four years after the launch of 3G services, there are just about 120 million 3G subscribers, barely 10 per cent of the total mobile user-base.

Even here, the quality of access leaves much to be desired with the average connection speed the lowest in the Asia-Pacific region.

Therefore, I feel in future the Centre and TRAI will keep this reality in mind while fixing the reserve price for upcoming auctions. So, in the coming days, the spectrum price in 700 MHz can come down substantially.

Also, contrary to expectations, the telecos like RCom -- RJio did not Invest too much in the spectrum buying. This give them ample room to spend on their infrastructure development.

4. Continue accumulating Adani Enterprises Ltd (Rs.68.25). The coal prices have started to Soar -- positive for the company.

5. Buy Jai Corp Ltd at Rs.73, T: Rs.75, SL: Rs.71.60.There were earlier media reports that environment and forest ministry has cleared the Navi Mumbai Airport.

Today's Calls

1. Buy Adani Enterprises Ltd at Rs.66.70, T: Rs.85, SL: Rs.66.

2. Add Reliance Communications Ltd at Rs.46.20, as a sharp rally post spectrum auction is on the anvil.

3. Hope you have Booked - out complete profit from MBL Infrastructure Ltd at Rs.117-119. The company has a pledged share issue disliked by market.

If you have few lakh rupees then do let me know, I have a scrip where money can be doubled in one year -- this will however be I investment and not trading.

Today's Call

1. Buy Lanco Infratech Ltd at Rs.4.20, for a

target of Rs.5.50. The company has taken a comprehensive plan to reduce its debts. A hold of couple of months can give you good returns as the company is likely to selling its power assets worth $1 billion. A consortium of lenders  earlier decided to take control of Lanco Infratech by converting a part of the cash-strapped company's debt for a 60 per cent equity stake...

2. MBL Infrastructure hit another buyer freeze today at Rs.13.75 in the BSE. You can book some profits, today or tomorrow.

Today's Call

Buy BHEL at Rs.146, T: Rs.150, SL: Rs.144. The management of  BHEL has given a very good outlook for the company.

Addressing shareholders at the 52nd annual general meeting of the company,Bharat Heavy Electricals' (Bhel) chairman & managing director, Atul Sobti, said that enhanced focus on project execution has resulted in Bhel creating history by way of commissioning/synchronizing an all-time high 15,059 megawatts (MW) of power generating equipment during the year. Despite intense competitive pressure in the power and capital goods markets during the year, Bhel achieved the highest order booking in the last five years, at Rs 43727 crore, a 42% leap over 2014-2015. The company ended the year with a total order book of Rs 110730 crore for execution in 2016-2017 and beyond.

Bharat Heavy Electricals (Bhel)'s net profit jumped 54.2% to Rs 77.77 crore on 29% growth in net sales to Rs 5522.76 crore in Q1 June 2016 over Q1 June 2015.

Winning Strokes: Think Different

Prajay Engineers Syndicate Ltd (Rs.10.80) recommended several times in this blog hit 20% upper circuit today. The real estate prices in Vijayawada is shooting over the roof and this is having positive effect in Hyderabad based real estate prices too.  The book value of the shares of the company is Rs.87.64. Where is the stock heading? To know this, join me at Whatsapp; only if you are either a Premium member or is trading through my recommended brokerage house.

Reliance Communications today clocked good delivery volumes. The scrip is consolidating at the CMP of Rs.48.40 before taking an upward leap; as RJio files application to buy the lucrative 700 MHz spectrum. RCom has a tie up with RJio regarding spectrum sharing on pan India basis. I am looking for a target of Rs.71-75, within a short time.

MBL infrastructure recommended here at around Rs.91.70 touched Rs.123. The Investors were suggested to book profit the day it came of the UC. The stock hit non stop UCs, after it was recommended here.

Gold prices have started to surge, as the US election date nears. Therefore, keep adding the share of Shrenuj & Co Ltd (Rs.2.15) on declines. Once Rs.2.55 is broken the stock should surge up.

Film Financier/s Required

I am looking for a partner for a Bollywood and a Bhojpuri Film, starring Rani Chatterjee, with an investment capacity of Rs.25-30 (Bhojpuri) lakhs to Rs.2 crores (Bollywood Hindi movie) in phases for the two films..

The director has around 25-30 years of experience in Hindi Film industry (Bollywood) and I will be one of the assistant directors and publicity head. So you don't have to worry much about the correct utilization of funds.

The interested candidates can send me a mail at: suman2005s@rediffmail.com or sumanm2007s@gmail.com.