Winning Strokes

The India bourses are roaring, after some respite came on the war front. The BSE Sensex was up by 828.39 points (+1.52%) to 55,475.72, while Nifty was seen trading at 16,592.80 up 247.45 points (+1.51%). With minimum negative news coming from the Ukraine - Russia border issues, we can expect some more upward movement in the indices.

#Today's call: Buy the shares of SAIL near Rs.98, for short term targets of Rs.127/131. 

The new plant of SAIL at Rourkela, Odisha is generating good demands for its products as it uses the latest technology to manufacture (flat products, coils, etc). Meanwhile, the commodity prices are shooting over the roof in the international markets.

#As expected the shares of A2Z Infra Engineering Ltd (Rs.10.40), hit the buyer freeze in the opening trade. It is a huge company, whose operations got hit due to Covid - 19 pandemic. However, the condition of the world is improving day by day, we are likely to see good performance of the company going forward. The shares are likely to touch Rs.31/32, by Deepawali. Stay invested.

#The stock of BF Utilities Ltd recommended at my Facebook page and various equity related groups at around Rs.317,  a couple of weeks back, today made a high of Rs.339.45. Keep holding for targets of Rs.307/321.

 Winning Strokes

Yesterday, the domestic bourses closed in the red following the Ukraine - Russia border tussle. The BSE Sensex closed at 57,683.59 down 149.38 points (-0.26%), while the Nifty ended the day almost flat at 17,206.65 down 69.65 points (-0.40%). However, the selling was more pronounced in the small and mid cap segments, due to the IMAGINARY FEAR of escalation of the crisis.

Interestingly, this kind of border skirmishes are regular in India (with Pakistan) in the north western and western side of Indian border. Kashmir Issue continues to drain India's resources, but we see no impact on the world economy.

But surprisingly, this issue between Ukraine & Russia is getting blown out of proportion, due to highhandedness of the media. The world media should behave responsibly, so that peace returns smoothly.

It is pertinent to mention that Ukraine is a very small country, with its GDP size [184.92 billion (nominal, 2022 est.)] of less than that of Uttar Pradesh [₹17.05 trillion (US$230 billion) (2020-21)].

Hence, how can any future war with Russia affect the world economy except creating HOT AIR is beyond my comprehension and understanding. Therefore, my suggestion would be to accumulate/average good stocks at reasonable valuations for 3/4 months perspective.

#A2Z Infra Engineering Ltd (Rs.9.20) could benefit from the launch of 5G Services in India. Company has tied up with Telesonic Network Ltd (an Airtel group company) for work to be carried out on continuing basis at various circles including obtaining permission from applicable authority for HDD/Open Trench/Moiling/First level restoration/Duct Pulling up to 4 number/

DIT/All Fiber Blowing & Pulling/Splicing/Manhole and Hand hole Supply and installation/ODF and OTB installation/AT Testing and sign off/Handover to O&M Team and such other work as may be specified/required from time to time. Photo: Indiainfoline.

In the Renewable Energy space, Company collaborated with sugar mills for setting up 3 (three) power plants on Built, Own, Operate and Transfer (BOOT) basis for a period of 15 years in the state of Punjab and to ensure continuous supply of Refuse derived Fuel (RDF) to the said Power Plants, Company developed an indigenous waste processing plant for running the said Plants on Refuse Derived Fuel (RDF) from Municipal Solid Waste.

Non- supply of bagasse by the Co-operative Sugar Mills, various implied delays in approvals and execution of aagreements including delay in handing over of land, and there are disputes between the concerned parties with ongoing arbitration proceedings, the execution of Project by the Company has become unviable despite its best bona fide and consistent efforts.

Due to these disputes with sugar mills in respect of cogeneration power plants, the management of the Company may decide to shift these power plants to other locations subject to availability of RDF at that location(s).

However, due to Covid and above mentioned issues all 3 (three) power plants are non - operational. Once they become operational and become EPS accretive, the stock would shoot up like a Rocket. At the moment it is on the Asset side of the Balance Sheet.

By the way, the cost of setting up (or the price of) a RDF Technology plant in India is Rs.3 crore/unit, which will give you a rough estimate of the valuation of the 3 (three) Power Plants. 

The Company has its overseas presence in #Nepal, #Uganda and #Tanzania.

--------------

#Telecom #Infrastructure #Projects is the main business activity of the Company. Major offerings by Company in Telecom Infrastructure EPC are supplying, laying and maintaining of Optical Fibre Cables (OFC) networks. EPC services offered by the Company under this segment include:

• Optical Fiber Cable NLD/Access Networking Construction & Maintenance.

• Network Integration.

• Telecom Infrastructure Operation & MaintenanceServices.

-----------

Under Engineering Services segment A2Z Infra Engineering Ltd pursues infrastructure projects like Sewage Network & Treatment Plants, Gas Distribution Networks, and Metro projects in select cities.

It also completed projects in various states of India including Jammu & Kashmir, Rajasthan, Orissa, Bihar, Arunachal Pradesh, Jharkhand, Kerala, Chhattisgarh, Haryana, Uttar Pradesh and Himachal Pradesh.

The stock which is also into Renewable Energy space (compare it with Suzlon Energy Ltd) is trading at around half its Book Value (Rs.18.08), which is absolutely a misnomer. The current market cap of Rs.162 crore also doesn't make any sense.

#The stock of Shriram EPC Ltd (Rs.8.76) closed in the Green yesterday, after I confirmed that the company is not looking to sell its renewable energy company, Orient Green Power Ltd (Rs.12.70). The stock of Orient Green Power needs to hold Rs.11.70/11.90, for any sustained upside from the current price.

#Global Vectra Helicorp Ltd (Rs.51.90) closed flat yesterday. I feel most of the market has probably not understood the December 2021 quarter results. 

In the Q3FY22, the total income of the company came as Rs.91.58 Cr as against Rs.87.26 Cr in the September, 2021 quarter and Rs.91.55 in the December, 2020 quarter. The profit before tax in Q3FY22 came as Rs.1.37 Cr against a loss of Rs.9.01 Cr in the September, 2021 quarter and loss of Rs.2.93 Cr in the December, 2020 quarter, showing a marked improvement in the fundamentals. However, though the OPM came at 29.47% (24.73%), the Cash EPS remained flat at Rs.12 for the December, 2021 quarter.

I would therefore, suggest you to accumulate the shares of this Helicopter company during the market declines, for targets of Rs.120/180. 

I feel the stock is unnecessarily languishing in the T - group since more than a couple of months, due to faulty surveillance mechanism. 

 Winning Strokes

The BSE Sensex is last seen trading vat 57,845.62, up 12.65 points (+0.02%), while the Nifty was seen trading at 17,269.65 up 8.45 points (+0.05%), from the Friday's close. The Nifty as expected took support at 17250 level. If 17200/17250 range holds then we could see a sharp reversal in the coming days. Keep accumulating those stocks which have a story to tell.

#Buy the scrip of HOV Services Ltd near Rs.50/51, SL: Rs.47 (Strict on closing basis), T: Rs.61/63/72. This is a high Beta stock, which means it rises more when the Indices rises.

#The stock of Bombay Rayon and Fashions Ltd (Rs.7.40) is available at an attractive valuation, for long term prospects. As mentioned umpteen number of times, it has a huge factory at Boisar West (near Tarapur Atomic Power Plant) and also another one in Bangalore. The company as per my sources in Mumbai Metropolis (Read Boisar) is doing fine at the moment, though its Mask 😷 Making Division is facing stiff competition from Me - too outfits.  I had personally visited its premises, I mean its  Boisar plant, a couple of times, and had witnessed that full fledged production was going on. 

#The scrip of A2Z Infra Engineering Ltd (Rs.9.25), should bounce back from the current levels. We can look for short to medium targets of Rs.17/19.

It could benefit from the launch of 5G services in India.

The company recently informed that A2Z Infraservices Ltd ('a material subsidiary of the Company'), received a contract from NBCC (India) Limited, for a period of 3 (three) years.  Photo: A2Z Website.

The aggregate amount for the said contract is Rs.64,72,57,235/- (Rupees Sixty Four Crores Seventy two Lakhs fifty Seven Thousand Two Hundred Thirty Five Only) inclusive of all Taxes, Duties, Cess, and Statutory Levies etc.

Apart from infrastructure projects, the A2Z Group also carries out the generation of power through the residues of municipal solid waste. 

Waste to Energy - Power Generation Projects (PGP): The Company collaborated with sugar mills for setting up 3 (three) power plants on Built, Own, Operate and Transfer (BOOT) basis for a period of 15 years in the state of Punjab and to ensure continuous supply of Refuse derived Fuel (RDF) to the said Power Plants, Company developed an indigenous waste processing plant for running the said Plants on Refuse Derived Fuel (RDF) from Municipal Solid Waste.

Non- supply of bagasse by the Co-operative Sugar Mills, various implied delays in approvals and execution of agreements including delay in handing over of land, and there are disputes between the concerned parties with ongoing arbitration proceedings, the execution of Project by the Company has become unviable despite its best bonafide and consistent efforts.

Company however may decide to shift these power plants to other locations subject to availability of RDF at that location(s). Once that is done, these plants would become EPS accretive.

At the moment due to Covid and above mentioned issues all three power plants are non-operational, and is present on the Asset side of the balance.

The company is in the verge of opening its Gurgaon office, after a prolonged period, post Covid - 19 imposed lockdown. At the moment most of the office bearers are working from home.

#The stock of Global Vectra Helicorp Ltd (Rs.50.35) hit lower circuit today, due to sentiments regarding the rise of crude oil prices. 

There is no volume in the counter and the scrip has been falling from around Rs.63/64 levels, but surprisingly the stock market regulator has still not removed it from the T - group, showing how they function and deserves to be criticised. That the stock market regulators hereto have kept the scrip since more than a couple of months in the group, raises a lot of questions regarding the quality of Indian surveillance mechanism.

#The stock of Orient Green Power Ltd (Rs.12.70) is out of LC, but it needs to hold Rs.11.70/11.90 on the downside.

The prospects of Renewable Energy companies are bright as the Crude Oil prices are chugging higher and higher, every week.

Both Orient Green Power and A2Z Infra Engineering Ltd are into Renewable Energy, spaces.

#Suzlon Energy Ltd (Rs.9.65) might test Rs.9.20/9.30 on the downside, where accumulation or averaging can be done.

#Meanwhile, the Union Finance Minister Nirmala Sitharaman said that the government wants a sustained recovery and that the budget proposals for infrastructure construction are an attempt to create a multiplier effect that will help the economy.

Nirmala Sitharaman during a post-budget interaction with industry in the country's financial capital mentioned that the budget was prepared at a time when the economy was recovering from the effects of the pandemic.

She further stated that the budget prioritises growth revival, as well as messages about sustainability and a predictable tax regime. "We would prefer a long-term recovery".

#The share of Shriram EPC Ltd (Rs.8.65), should be accumulated in all market declines, as my sources in Chennai has confirmed that the Shriram group is not interested in selling Orient Green Power Ltd (Rs.12.70). The company has good order book position.

The prospects of Renewable Energy companies look bright as the Crude Oil prices are chugging higher and higher every week.

 Winning Strokes

The domestic bourses are now trading deep in the red. The BSE Sensex is now trading at 57,950.99 down 707.21 points (-1.18%), while the Nifty is trading at 17,313.55 down 209.05 points (-1.16%). The Nifty is likely to get support at 17200/17250 ranges. This is a buy on declines market.

#Bombay Rayon and Fashions Ltd freezed at Rs.8.55. The stock is out of the Z - group and has opened a retail store in Bangalore. It is now a holding company like my other recommended counter, Coffee Day Enterprises Ltd.

BRFL Textiles Private Ltd. 

BRFL Textiles Private Ltd. (BTPL), housing the largest single-roof fabric processing unit in India, has completed an INR 2.4 Bn equity infusion from a consortium of marquee financial investors led by JM Financial India Fund II (an Indian growth private equity fund), Think Investments (a San Francisco-based investment firm), and others.

Keep adding in declines for targets of Rs.11/12. Photo: Newly opened retail store in Bangalore.

#A2Z Infra Engineering Ltd (Rs.11.40) is consolidating at the current levels before the next upmove to Rs.21/26.

#Shriram EPC Ltd (Rs.9.80) is preparing for the next upmove as according to my (unconfirmed) sources in Chennai, the QIP of Rs.350 crore will start this month. Keep accumulating for targets of Rs.31/32.

#Union Bank of India Ltd (Rs.50.60) touched the 1st target of Rs.51 (Intraday: Rs.51.70).

#Marshall Machines Ltd (Rs.53) is finding difficulty to cross Rs.55/57.50 level. Book profits.

#UCO Bank Ltd (Rs.13.55) should slowly move towards Rs.17/19.

#Global Vectra Helicorp Ltd (Rs.56.10) has no volume but surprisingly it is still in the T - group.  This raises serious questions regarding the quality of SEBI's surveillance mechanism.

Global Vectra Helicorp Limited provides helicopter charter services for offshore transportation as well as services to the oil and gas exploration and production industries. It also provides on-site transportation via helicopter charter.

#The Bombay based construction outfit: Generic Engineering Construction Ltd (Rs.43) made Rs.44 intraday. It might again attempt to break out of Rs.45/47 ranges. Keep watch.

 Winning Strokes

The Sensex is trading at 56,983.83 down 495.61 points (-0.88%), while the Nifty is seen at 17,014.75 down 129.85 points (-0.78%). The Nifty is likely to get strong supports around 16700/16900 ranges, hence is not likely to break in this corrective phase.

Meanwhile, the yields on U.S. government bonds fell sharply to begin the week on Monday, as global equities nosedived, but quickly recovered.

Investors are anticipating the Fed policymakers' two-day meeting, which begins on Tuesday and concludes on Wednesday. This meeting is widely expected to lay the groundwork for a shift away from easy money stance, this year, without taking any policy action.

The rising global tensions and increased volatility in domestic and international stock markets are likely to continue to anchor the Bond yields lower.

In another significant developments,  the economic reports released on Monday, showed that the U.S. economy slowed in January as the  pandemic's (COVID-19) Omicron wave exacerbated supply delays and labour shortages. The flash purchasing managers index for manufacturing fell to 55.0, a 15-month low, while the gauge for the services sector fell to 50.9, an 18-month low, according to IHS Markit. This condition further attests to the fact that the Fed in all likelihood, is not expected to hike the interest rate too early. 

Incidentally in Asia, benchmark Chinese government bond yields fell through a key level for the first time in nearly 20 months on Monday, following the central bank's latest rate cut and as expectations grow for further easing to stabilise the slowing economy.

For the first time since May 28, 2020, China's 10-year yield fell below 2.70% falling 2 basis points (bps) in early trade to 2.685% before retracing. It was last at 2.720%.

Hence, we have two contrasting sceneries from two of the large economics of the world -- and it is no longer a one - way street, as far as the interest rates are concerned.

We are therefore, perhaps, at the last leg of market dip, triggered by various external parameters.

I feel the markets should stage a comeback, later in the day. Hence, this kind of market correction offer opportunities to enter good stocks at reasonable valuations.

----------------------

#Keep adding A2Z Infra Engineering Ltd (Rs.12.05) on declines. Its venture related to E - cycle and RDF Technology, should see the stock cross Rs.50/70 in style. Photo: A2Z Infra Engineering Ltd's E - cycle, which is generating good business for the company.

#Add the shares of Shriram EPC Ltd (Rs.8.95) on declines. The Rs.700 crore fund infusion, could make it one of biggest multibaggers in the EPC space. Moreover, it has around 49% holding in Orient Green Power Ltd. 

#Buy the shares of India's largest Helicopter player, Global Vectra Helicorp Ltd (Rs.55.25). 

It is into essential services too (Ferrying passenger to offshore drilling rigs, etc), Religious tourism, simple tourism, film shooting, etc and hence its activities should not be confused with a normal airlines company getting affected by Covid - 19 pandemic (though some effects will be there...).

#The shares of Orient Green Power Ltd (Rs.19.70) could correct upto Rs.17/13, where accumulation could be done. This is a Shriram group company, but has debts on its books.

#Buy the shares of BF Utilities Ltd near the CMP of Rs.385.55, for short term targets of Rs.442/472. SL: Rs.367.

#Keep holding the shares of my strongly recommended Coffee Day Enterprises Ltd (Rs.69.20), with a SL at Rs.66. If you remember, this was recommended around Rs.29/31, in this blog, few months back.

#Buy the shares of Union Bank Ltd near the CMP of Rs.42.50, for short term targets of Rs.61/66. SL: Rs.36.

#Buy the shares of Mukhesh Ambani controller Reliance Industries Ltd near the CMP of a Rs.2330.45, especially when the crude oil is Boling in international markets, for short term targets of Rs.2700/2800. SL: Rs.2170.

 Winning Strokes

The India stock markets have recovered from the morning blues. The BSE Sensex was last seen trading at 61,359.93 up 51.02 points (+0.08%), while the Nifty was seen trading at 18,304.85 up 2.75 points (+0.02%). While the Nifty is likely to trade in a range, we are likely to witness a pre budget rally in the mid, small and micro cap counters. Buy good stocks and keep holding till the budget date.

#My Strongly recommended Silgo Retail Ltd hit the buyer Freeze today at Rs.41.60. the stock was recommended in this blog around Rs.33.70. I'm looking for targets of Rs.51/52.

#Buy the shares of Shriram EPC Ltd at Rs.10,  T: Rs.17/21.

There are media reports that the Shriram Group is  in talks to exit Orient Green Power Ltd (Rs.23.50). Interestingly, the Shriram Group through Shriram EPC, is currently the largest shareholder of Orient Green Power Ltd with a 49% stake in it. Hence, this value unlocking could give a huge boost to the financials of Shriram EPC Ltd. Photo: 2: MoneyControl.com

Meanwhile, the price of the shares of Orient Green Power Ltd has almost doubled in the last one month. We should see a corresponding appreciation of the share price of Shriram EPC Ltd (Rs.10). 

Earlier, there were media reports that, the Dubai-based family office Mark AB Capital will take over Shriram EPC, an engineering procurement and construction contractor and part of the financial services conglomerate Shriram group by picking up 26% stake for Rs.350 crore.

In 2017, Shriram EPC Ltd forayed into a completely new business vertical of transport engineering, by winning a Rs 71-crore order; which involved designing, manufacturing and maintaining a second ropeway at the Arulmigu Dandayuthapani Temple in Palani, Tamil Nadu that will serve 1,200 people every hour. For this it had tied up with France's Poma S.A, which has built over 8,000 ropeway installations globally, to supply technology equipment for the project.

Apart from this, the company is into sewage management, renewable energy, building metallurgical plants and in municipal services sector. Photo:1: Indiainfoline.com

There were media reports in December, 2021, that the company is looking to raise funds upto Rs.700 crore. The break - up:

• Rs.350 crores through equities.
• Rs.175 crores by compulsory convertible debentures.
• The balance, Rs.175 crores through non - convertible debentures.

#The stock of Coffee Day Enterprises Ltd (Rs.69.50) made a new 52 - week high today at Rs.73.70. If you remember the stock was strongly recommended at end of last year at Rs.29/31.

#The share of A2Z Infra Engineering Ltd (Rs.12.30) buoyed by Electric Vehicle story and RDF Technology used for waste disposal, hit the buyer Freeze today. 

Meanwhile, the Union Government has made it easier for public and private enterprises to open public charging stations for electric vehicles.

India's EV policy has evolved over time, driven in large part by rising pollution levels, the country's green commitments, and a desire to reduce reliance on crude oil imports.

The list of GoI measures that are directly or indirectly intended to further EV adoption are:

• The scrappage policy, FAME (which is currently in its second phase).
• The PLI scheme for EV components
• Allowing sales of EVs sans batteries.
• Courting bigwigs like Tesla (high import duties notwithstanding)
• Incentivising domestic battery manufacturing.
• Amending the Model Building Bye-Laws to include charging station provisions.
• Liberalisation of the electricity distribution sector.
• Encouraging fossil fuel vending outlets to have EV charging stations.
• The National Electric Mobility Mission Plan.
• GST rate cuts on EVs and batteries.
• Tax incentives on EV auto loans.
• Permit exemption for battery-operated electric vehicles (BEVs) and so on.

The new rules allow any individual or entity to set up public charging stations (PCS) without the need for a licence. This means that (1) EV owners can charge their vehicles at home or at work at domestic tariffs, and (2) public and private entities can obtain Government land to set up and operate PCS on a revenue-sharing basis.

Furthermore, a national online database of all charging stations in the country will be compiled and made available via a web portal and mobile app.

Overall, the goal is to have one PCS in every three-square-kilometer grid in major cities and every 25 kilometres on highways within the next five years.

We can therefore, look for targets of Rs.17/19/24/31/46 in the coming days. Accumulate.

#Accumulate the shares of Global Vectra Helicorp Ltd near Rs.62/63 for targets above Rs.100. 

Under the new policy, the government will establish a dedicated helicopter acceleration cell within the Civil Aviation Ministry to investigate issues affecting the helicopter industry.

As part of the policy, there will be no landing fees or parking deposits for heliports or helicopter companies.

To begin, four Heli Hubs and Training Units will be established in Mumbai, Guwahati, Delhi, and Bengaluru, and helicopter corridors will be established in 10 cities and 82 routes across the country.

Surprisingly, the share is still languishing in the T - group when there is no volume in the counter. The stock exchange regulator is requested to look into the matter and take the necessary actions.

Financials:

According to BSE website the company has a CEPS (TTM) of Rs.41.70. The total income of the company came as Rs.87.26 crore in the September, 2021 quarter as against Rs.68.13 crore in the same quarter previous year.

The net loss of the company got reduced to Rs.1.66 crore as against a loss of Rs.11.07 crore, showing a huge improvement in performance on Q - o - Q basis.

Not only that, the operating profit margin (OPM) of the company almost doubled to 22.03% in September, 2021 quarter as against 12.85% in September, 2022 quarter. 

The net profit margin (NPM) of the company improved to - 2.33% in Q2FY22 as against - 16.99% in Q2FY21, showing tremendous improvement on Y - o - Y basis.

 Winning Strokes

The benchmark indices continued to move up today. The BSE Sensex was last seen at 61,074.76 up 457.87 points (+0.76%), while the Nifty was trading at 18,189.10 up 133.35 points (+0.74%). However, correction is seen in the mid and small caps, especially those hitting continuous UCs. In this circumstances, I would suggest you to book continuous profits as the indices are near all time highs. 

Also, slowly get out of the junk (momentum) counters and now enter only fundamentally strong scrips.

Today, I'm having mild fever and hence, I wouldn't make this write up too long.

#Exit out of the shares of Wockhardt Ltd (Rs.420), with minimum loss.

#Accumulate UCO Bank Ltd (Rs.13.35), for targets mentioned earlier. This share will give good returns over a period, as the government is likely to do bank capitalisation in this quarter.

#Book profits in A2Z Infra Engineering Ltd (Rs.13.75).

#Book 80% profits in Suzlon Energy Ltd  (Rs.11.85). Hold the rest with a SL at Rs.11.60.

Risky bet: Global Vectra Helicorp Ltd at Rs.63, T: Rs.91, SL: Rs.57.

Triggers: 

• The number of Omicron cases are reducing in Mumbai, which is a good news for the aviation sector.
• The company came out with good set of numbers for the Q2FY22, when the net loss got reduced substantially.
• In September, last year there were media reports that Civil Aviation Ministry had allowed airlines to operate flights at 85% capacity. The Ministry has modified its earlier order on August 12, 2021, stating that the passenger capacity has been increased from 72.50% to 85%.
• The NDA Government is giving special focus on the states with tourism destinations in the country and efforts are being made in prioritizing the tourist destinations in its vaccination efforts as  the government is focused on bringing the tourism destinations to the pre-COVID situation.
• According to Simplywall.com: Global Vectra Helicorp Ltd (Rs.62.80) has Rs.487.50 million of debt as of September, 2021 down from Rs.584.20 million a year back.
• But since it has a cash reserve of Rs.222.50 million, its net debt is a meagre Rs.265 million (Rs.26.50 crore). Or it is almost a debt free company. 
• However, liabilities outweigh the sum of its cash and near term receivables by Rs.5.65 billion. However, the situation is going to change in this CY22. 
• International tourism will be promoted in the country. The government has a special focus on vaccination at destinations like Goa, Himachal Pradesh, Kerala, Andaman and North East. The Central government has also recently taken several steps to encourage foreign tourists. Photo: Just Dial.

#Accumulate the shares of Shriram EPC Ltd (Rs.10.10), after the price stabilises. 

#Buy the shares of Union Bank Ltd at Rs.45.55, T: Rs.85/Rs.91, SL: Rs.41.

#Buy Union Bank Ltd at Rs.45.55, T: Rs.85/Rs.91, SL: Rs.41. 

As mentioned earlier, I'm bullish on the banking sector, especially in the PSB space. I've given you two names, you can invest in other fundamentally strong banking scrips too, especially from the PSU basket. 

Winning Strokes

The Indian bourses are on a roll today. The BSE Sensex is seen trading at 60,351.68 up 607.03 points (+1.02%), while the Nifty was last seen at 17,989.45 up 176.75 points (+0.99%). The optimism surrounding the upcoming union budget is likely to keep the sentiments buoyant. Photo: Zee News

#My recommended A2Z Infra Engineering Ltd (Rs.12.50) hit another buyer Freeze, piggybacking on the EV story.

#The stock of Den Networks Ltd (Rs.44.10) today made a high of Rs.45.15. This debt free Mukhesh Ambani group company, should give decent returns over a period. Hold.

#Buy UCO Bank Ltd at Rs.13.45, for targets of Rs.19/21. Meanwhile, there were media reports that the government of India has proposed to recapitalize public sector banks (PSBs) which have emerged from the Reserve Bank of India’s (RBI’s) prompt corrective action (PCA) framework and may need additional funds to strengthen their books. It would be pertinent to mention here that the finance ministry in all probability will finalize the last round of capital infusion for PSBs early next year and will look into the requirements of each bank, especially weak ones that are still under PCA or have recently been out. The budget for FY22 had allocated ₹20,000 crore for bank recapitalization, but a large part of it is yet to be disbursed. It is expected to be released in Q4.

#The stock of Shriram EPC Ltd (Rs.11.15) went for a routine correction today, after a long run up. The new promoters are likely to bring in an open offer to acquire stake. Accumulate on declines. Also, FERA companies generally command high valuations. 

#The stock of Marshall Machines Ltd today made a high of Rs.43.60. This is a new age company, and its technology can be used in the making of EVs. Hold.

#The stock of RBL Bank Ltd (Rs.139) today made a high of Rs.140.80. I'm bullish on the banking sector, since any improvement in economy will have a direct positive bearing on the Sector. We can look for targets of Rs.191/196, in the coming weeks. Hold.

#The stock of BF Utilities Ltd (Rs.406) today made a high of Rs.411.45. We can look for targets of Rs.441/472 in the coming days. Hold.

#The stock of Bombay Rayon and Fashions Ltd (Rs.8.70) is on a steady upmove. Accumulate the shares for targets above Rs.50. The company is doing fine, after capital Infusion and from the next fiscal we may start to see positive financials. 

Winning Strokes

The Indian bourses are on a roll once again. The BSE Sensex is seen trading at 59,900.58 up 298.74 points (+0.50%), while the NSE was last seen at 17,843.50 up 97.60 points (+0.55%). The markets are likely to remain bullish in view of the optimism surrounding the upcoming union budget.

#The scrip of A2Z Infra Engineering Ltd (Rs.11.95) hit another buyer Freeze. Congratulations to all the Shareholders.

#Accumulate the shares of Bombay Rayon and Fashions Ltd (Rs.8.70), as the worse seems to be over for the company. Bombay Rayon Fashions Limited had earlier carved out BRFL Textiles Pvt Ltd (BTPL) earlier last year to house its factory in Tarapur, Maharashtra.

Last year BRFL Textiles Pvt Ltd raised Rs. 240 crore ($32 million) in an equity round of funding led by JM Financial India Fund II and US-based Think Investments. BTPL has a strong presence in the B2B and B2C space along with long-standing relations with leading brands across the globe. Photo: The newly opened Retail outlet in Bangalore, of Bombay Rayon and Fashions Ltd.

The Tarapur plant is a multi-fibre fabric processing unit. With its annual processing capacity of 400,000 metres per day, the plant is the largest single-roof fabric processing unit in India. It also has a captive yarn dyeing unit with an annual capacity of 10.6 million kg.

It is a huge company. My sources are saying that it is on the way to strike a lucrative deal with JM Financial ARC.

BTPL currently houses brands such as Bombay Rayon, BRFL, Linen Vogue, Giza Classe, Dickens & Browne and others.

The company owed banks about Rs.4,270.18 crore at the end of March, 2021. Of this, JM Financial ARC has taken over nearly 85% from other lenders, as per the company’s annual report for 2019-20.

Over the past year, the firm has restructured its debt from Indian Overseas Bank, IDBI Bank, Corporation Bank, Union Bank of India and Rajaram Bapu Sahakari Bank through a one-time settlement process.

#My recently recommended BF Utilities Ltd (Rs. 397.40) made an intraday high of Rs.402.70. Keep Holding with a SL at Rs.391.

#The stock of Suzlon Energy Ltd (Rs.10.65) hit another buyer Freeze today. Keep holding with a SL at Rs.9.70.

Winning Strokes

The BSE Sensex is seen trading at 59,439.52 down 776.60 points (-1.30%), while the Nifty was trading at 17,701.95, down 223.25 points (-1.25%). This is a healthy correction after a long run. This will help sector churning and money moving from the large caps to undervalued l small and mid cap counters. My today's recommendation is one such gem from the retail sector, where we saw bulk buying some weeks back. The Nifty is likely to recover further, as the day advanced, and may either close with minimum loss or in the green.

#Buy the shares of highly cheap shares of Silgo Retail Ltd near the CMP of Rs.33.70, for short term targets of Rs.51/56. The TTM P/E of the share is 14.36 as compared to sector P/E of 180.38, showing the room for high appreciation.

The pandemic has benefited Indian e-commerce the most, as people realised the convenience of online shopping during the lockdown period. It resulted in a paradigm shift in consumer behaviour, with an increasing reliance on online services. Demand increased in all categories, and one of the industries that benefited significantly from India's e-commerce boom is the Indian jewellery industry.

Even before the pandemic, online shopping was propelling India's jewellery industry to new heights. While the availability of smartphones, low-cost internet access, and rising personal income have all aided the industry, government initiatives such as Digital India, Start-Up India, and Digital Udaan have also contributed to its growth.

Idian culture has always placed a high value on jewellery. The rise in disposable income among the middle class is likely to elevate the demand for the gold and silver jewelry articles.

#The stock of Shriram EPC Ltd is up today, even in this selling market, showing the inherent strength in the counter. You should accumulate for targets of Rs.35/41, in the coming days due to pedigree of the current management and future promoters. The FERA companies generally command high valuations in the domestic bourses.

#The stock of Suzlon Energy Ltd (Rs.10.15) has hit the Buyer Freeze. You should hold with a SL at Rs.9.60. Kindly note that the Face Value of the shares of Suzlon Energy Ltd is Rs.2 and not Rs.10. Kindly, don't add fresh positions, untill some more clarity comes out from the management, regarding its debt servicing efforts.

#The shares of Marshall Machines Ltd (Rs.40.40) is trading in the Green today. The the company is a leading player in the CNC technology space, which finds use in the automobile and other sectors. The company has a healthy and an ever increasing order book, apart from good promoter holdings. This technology can be used in the Electric ⚡ Vehicles space too. Buy in market dips.

#The stock of my recommended RBL Bank Ltd (Rs.135) at Rs.131.85, for targets of Rs.220/250. SL: Rs.121 is doing excellently well today. This is a sure shot counter which will good returns, as the RBI will probably defer rate hikes, due to spurt in the Omicron cases, which is positive for the whole of Banking, NBFC, Automobile and the Construction sector stocks. By the way, always buy the shares of companies which have a story to tell. 

#The stock of A2Z Infra Engineering Ltd (Rs.11.40) has hit the Buyer Freeze. The Electric ⚡ Vehicles (environment-friendly battery-driven bicycle - E-Hiran which run on electric power) play and other Magic Genie Home Services like, Eco-Tech Green Toilet with zero effluent discharge (which has been turned into 'Bus Shelter-cum-Green Toilet' product),  and Magic Brick made using Municipal Solid Waste, should see the stock cross Rs.17/18 in style. 

 Winning Strokes

#The BSE Sensex was seen trading at 60,129.74 up 273.81 points (+0.46%) ,while the Nifty was last seen at 17,888.70 up 83.45 points (+0.47). The markets will continue to remain buoyant before the upcoming budget, where the FM, Nirmala Sitaraman jas spoken of giving more importance to spending rather than on maintaining fiscal tightening (prudence). The Nifty is expected to reconquer 18100/18430 ranges.

#The domestic bourses are on a roll. If you have a portfolio Size of Rs.1/2 lakhs, you can join my #Crorepati #Scheme and take advantage of my years of experience in the stock markets; to maximize your returns from it. For more details, kindly send me a mail at: suman2005s@rediffmail.com.

#Buy the shares of the RBL Bank (Rs.129.70), which has come down some attractive levels after the recent correction. In order to alleviate fears of the investors, the RBI has declared the Bank as Stable. The Indian Central Bank itself highlighted that the bank is well capitalised, with a high liquidity coverage ratio. 

RBL Bank's total deposits stood at Rs73,637cr in Q3FY22 rising by 9.61% from Rs67,184cr in the same quarter last year.

The lender's CASA stood at Rs25,316cr in Q3FY22 up by 21.32% yoy. CASA ratio came at 34.4%.

The bank's retail deposits and deposits from Small Business customers were at Rs27,871cr in Q3FY22 increasing by 14.16% yoy.

The lender's Liquidity Coverage Ratio comes at 146% in the December 2021 quarter.

Moreover, due to the spurt of the cases of Omicron, the RBI may defer the rate hike in the immediate future. This is positive for the whole of Automobile, Banking and Construction sectors.

Hence, this is the time to lift it's shares at dirt cheap price.

#The stock of Orissa Mineral Development Company Ltd (Rs.2792.95) made a high of Rs. 2924.80. The stock has a long way to move upward. Accumulate in market Declines. 

#The scrip of Marshall Machines Ltd (Rs.41), a poineer in CNC Technology made a high of Rs.42.85 today. The company's technology can be used in making Electric ⚡ Vehicles. It has a healthy order book of around Rs.54 Crores.

#The shares of my old favourite, A2Z Infra Engineering Ltd (Rs.10.85), a play on the Electric ⚡ Vehicles space is doing well today, after dipping to Rs.10, intraday. 

A2Z Infra Engineering, boasts of setting up Asia’s biggest single location Integrated Resource Recovery Facility (IRRF) at Kanpur. 

The scrip could hit upper circuit today. Keep watch!! 

#Start accumulating Future Retail Ltd (Rs.50.55), since it is all over for Amazon. It seems Mota Bhai, will not allow it to weild its influence in Future group stocks. Already there is a penalty of Rs.200 crore on Amazon, plus huge legal expenses.

It can't continue in this way -- logic says, good days are simply at arms length for the Future Retail Ltd (Rs.50.55).

Winning Strokes

The Indian bourses are trading flat. The BSE Sensex is seen trading at 57,918.68 up 112.19 points (+0.19%), while the Nifty is trading at 17,238.15, up 24.55 points (+0.14%). While the indices are expected to trade flat, the action will be shifted to stock specific counters.

#Suzlon Energy Ltd (Rs.9.85) hit another consecutive Buyer Freeze. The stock made a new 52 - week high today. 

#Shriram EPC Ltd (Rs.10.20) hit the buyer Freeze today and then came out. We can look for targets of Rs.30/35 in the coming days. Accumulate on declines. FERA companies command high valuations in Indian bourses. It has a good order book position, and quality management.

#Buy the shares of BF Utilities Ltd near the CMP of Rs.382, for short term targets of Rs.471/491. This is a Baba Kalyani group company having huge land holdings, near Bangalore. It is also into Renewable Energy. When Suzlon Energy Ltd has been hitting continuous UC, we can look to buy this share. 

If you look at the shareholding pattern of the company, you'll find that the ace investor Radhakishan Shivkishan Damani (Guru of Rakhesh Jhunjhunwala) holds 1.30% shares of the company.  This makes the share extra special at the current CMP.

#The scrip of Bombay Rayon and Fashions Ltd (Rs.8.05) hit the Upper Circuit, before the AGM tomorrow. Since the stock has been shifted into BZ group by the exchanges, hence don't add fresh positions, till it comes out of this Group.

#Continue to accumulate the shares of JBF Industries Ltd (Rs.20.40), for targets above Rs.50. It is a Mukhesh Ambani acquisition story, according to the market rumours.

#The stock of Patel Enginnering Ltd (Rs.34) made a new 52 - week high today. If you remember, the scrip was recommended around Rs.15/17/19 ranges. The stock has doubled from the recommended price. 

#The Stock of A2Z Infra Engineering Ltd (Rs.9.05) hit another buyer Freeze. It has been shifted to the T - group and hence keep a constant watch on the counter.

#Buy the shares of Generic Engineering Construction and Projects Ltd at Rs.36, T: Rs.48/51. SL: Rs.31. This is a fundamentally strong company. 

 Winning Strokes

As expected the markets started to rally post Christmas celebrations. I had earlier asked all through Facebook and Twitter posts, suggesting investors to buy good stocks during the market fall to take advantage of any post Christmas Rally. Those have heeded to that advice might be feeling happy.

Meanwhile, the shares of IRB Infrastructure Ltd (Rs.212.35), Suzlon Energy Ltd (Rs.8.90) and A2Z Infra Engineering (Rs.8.25) hit their respective Buyer Freezes. Congratulations to the Shareholders who bought the scrips on my recommendations.

Buy the shares of JBF Industries Ltd (Rs.20.80), for targets over Rs.50. JBF group is the second-largest manufacturer of textile-grade chips and third-largest producer of partially-oriented yarn and biaxially-oriented polyethylene terephthalate (BOPET) chips and films domestically.  

The company got badly affected due to Covid-19 Pandemic. However, the things are improving and its fundamentals are set to take a quantum jump, after the new management takes over the working machinery of the company. 

JBF Industries Ltd is engaged in the production of products in the polyester value chain, such as PET chips, which are of bottle grade, textile grade and film grade; polyester yarn, such as partially oriented yarn, polyester filament yarn, full drawn yarn and other specialised yarn; and PET films, which are of thin grade, thick grade and metallised grade. It defaulted on its debt obligations due to its weak liquidity position, according to a rating report by Care Ratings.

In 2020, RIL acquired a 37.7% stake in Alok Industries through the insolvency resolution process. It had then participated in the bidding process for the company in consortium with JM Financial ARC.

According to a Bombay Stock Exchange filing, CFM Asset Reconstruction Pvt Ltd has taken symbolic possession of all the secured assets of the Company.

Moreover, according to analysis presented by Simply Wall, JBF Industries had debt of ₹17.9b (Rs.1790 crore) at the end of March 2021, a reduction from ₹26.6b (Rs.2660 crore) over a year. However, it does have ₹1.49b in cash offsetting this, leading to net debt of about ₹16.4b (Rs.1640 crore), which I feel is looking manageable, with such a robust set up in place.

Besides, one redeeming factor for JBF Industries Ltd (Rs.21.79) is that, it turned last year's EBIT loss into a gain of Rs.1.40 billion (Rs.140 crore), over the last 12 months.

Also, according to a news in Financial Express, Reliance Industries Ltd is likely to take over stressed polyester manufacturer JBF Industries in consortium with CFM Asset Reconstruction Company (ARC).

Meanwhile, a recent report states that the Global Amorphous Polyethylene Terephthalate (PET) Market is expected to grow by $ 6.21 bn during 2021-2025, progressing at a CAGR of 5.96% during the forecast period.

By the way, why the regulators have put the scrip of this renowned Textile company, viz JBF Industries Ltd (Rs.20.80) in the T - group and not the stocks like Sintex Plastics, Sintex Industries, Urja Global, etc is beyond my comprehension. Earlier, they did the same thing, with the stock of BRFL (Rs.7.30) and if you remember, I had raised my concern during that time too...

The surveillance department of stock exchanges should explain to the investors, why a certain stock has been placed in the T - group. Otherwise, this kind of arbitrary move, can dent the confidence of the Shareholders/Investors.

#Buy the Shares of Dhanlaxmi Bank Ltd near Rs.14.10 for short term targets of Rs.17/18. SL: Rs.11.70. It has a TTM  PE of 11.23 against the Sector PE of 29.04. The Book Value Per Share is whopping Rs.28.67. Therefore, this is one of the best bank stocks for short term play. 

The figure above shows the net profits of Dhanlaxmi Bank for a certain period. The standalone September 2021 net Interest income of the bank, came at Rs.90.66 crore up 2.26% on Y-o-Y basis. 

Total income of Dhanlaxmi Bank during the July-September period of 2021-22, grew to Rs.266.59 crore from Rs.249.66 crore in the same period of 2020-21. 

Against this the market cap of the Bank is only Rs.366 crores, which shows that its stock is grossly undervalued. Photo: Moneycontrol.com. 

 Winning Strokes

The BSE Sensex is trading at 57,377.73 up 447.17 points (+0.79%), while the Nifty was seen trading at 17,084.20 up 128.75 points (+0.76%). The Nifty is likely to test 17500/18100 in the coming days. However, 16600 level is very important, on the downside. Photo: The Print.

#Buy the shares of IRB Infrastructure Ltd near the CMP of Rs.210.20. The company has a whopping order book position of Rs.19,210 crore. IRB Infrastructure has already completed and commissioned the 124 km long Agra Etawah BOT project with a cost outlay of around Rs.3,044 crore in UP. It is currently in the final stages of completing and commissioning its 99 km long Hapur Moradabad BOT project with cost outlay of around Rs.3,345 crore.

Meanwhile, the Competition Commission of India (CCI) earlier approved the acquisition of up to 16.94% equity share capital of IRB Infrastructure Developers Limited (IRB /Target) by Bricklayers Investment Pte. Ltd. (GIC Investor/Acquirer).

Besides, IRB Infrastructure Developers Ltd raised Rs.5,033 crore last year from listing its InvIT. 

Financials: The company's consolidated net profit came at Rs.42.31 crore in the quarter ended September 2021 as against a net loss of Rs.19.66 crore during the previous quarter ended September 2020. Net sales rose 30.4% on Y-o-Y basis to Rs.1,465.24 crore in Q2 FY22.

The shares of the company has a P/E of 26.25 against the Sector P/E of 38.06. The Book Value per share is Rs.196.35.

#Suzlon Energy Ltd (Rs.7.85) made an intraday high of Rs.8.15. The stock is currently trying to hold the crucial level of Rs.7.80, from where it fell last time.

#A2Z Infra Engineering Ltd today made a high of Rs.8. The stock should safely sail through Rs.10. Accumulate!

#The stock of Shriram EPC Ltd (Rs.8) is doing well today. It now has a foreign promoter, who is likely to provide enough liquidity for EPC projects. The company earlier had a high pedigree -- a part of the reputed Shriram Group. The current management is even better. We know FERA companies command high valuations. Hence, we can look for targets of Rs.35/40, in the coming months. Accumulate!

Bombay Rayon and Fashions Ltd (Rs.6.90) will hold its 28th AGM on 31/12/2021. The things are likely to get more clearer post AGM. The production is going on in full swing in both (Boisar West, Mumbai Metropolis and Bangalore) the factories of the company. 

💢Buy the shares of Orissa Mineral Development Corporation Ltd (OMDC) at around Rs.2300/Rs.2400, for short term targets of Rs. 2750/3400 and Oriental Trimex Ltd near the CMP of Rs.11 for short term targets of Rs.15/17.

After easing of Covid-19 restrictions, the mines have started to operate at full steam. This is evident from the September quarter results of OMDC. I'm Bullish on mining ⛏️ companies. 

Winning Strokes

Yesterday, the BSE Sensex closed at 56,319.019 up 497 points (+0.89%), while the Nifty settled at 16,770.85 up 156.65 points (+0.94%). I'm expecting the Nifty to gradually trend towards 16400/15870 level in the coming days, before moving up. Photo: Times Now.

Finance Minister Nirmala Sitharaman will present her third budget and will be assisted by a team of advisers and secretaries with a mission to boost economy in these outbreak times. Sitharaman has promised that the upcoming Budget will be of a kind never seen before, one where fiscal concerns will be kept aside and there could be record public spending, with an objective of boosting demand and creating jobs. So, next year we can look forward to Sensex touching 70,000.

#The stock of Shriram EPC Ltd (Rs.7.45) touched a high of Rs.7.65 in the NSE before closing near the day's high. 

The Dubai-based family office Mark AB Capital will take over Shriram EPC, an engineering procurement and construction contractor and part of the financial services conglomerate Shriram group by picking up 26% stake for Rs.350 crore. Hence, this Dubai based firm is the New Promoter of Shriram EPC. Now we know from our previous experience that FERA Companies command high valuations. So, we need to look at the counter of Shriram EPC Ltd (Rs.7.50), from a new angle. Considering the brand of its new promoter, Bullishness associated with the construction sector and the upcoming Infrastructure focused budget we can look for long term targets of Rs.37/45/72/167/291. Buy on Market Declines. This is a sure shot bargain, as the company will not face working capital hassles and will now operate on international scale (foreign contracts).

The stock of Den Networks Ltd (Rs.40.25) is from the Mukhesh Ambani group, and has high safety associated with it. They also obtained a non-exclusive license from the DoT to set up and operate internet services all over India.  

Some people are of the opinion that, 5G Services could bring about the end of cable TV, whereas others think it won’t have much of an impact. 

However, the Den Networks Ltd is a hybrid player and therefore could excel in  this space or could take over the business of pure cable TV operators, by dishing out to customers, internet streaming platforms. I mean, even if 5G services next year pose some challenges to Cable TV sector, Den Networks will be able to match any drop in revenue through high speed video streaming.

The improvements to wireless broadband technology through the advent of 5G services can threaten cable TV companies, and hence the investors were shying away, but Den Networks has an excellent story. Up until now, while 4G LTE delivers excellent speeds, its capabilities are nothing compared to what a cable connection can give you. This is going to change, with India going for 5G services tentatively in the middle of next year. Many companies routinely offer connections of 200 Mbps or more, with Gigabit Internet now also available in most places. This means that 5G can replace cable Internet in some places, which would be detrimental to PURE cable TV business model and hence could help hybrid players like Den Networks to take over their businesses (if any). 

To give you a little better idea of what’s happening in the US on cable TV industry, here are some stats: 

• The 2 largest cable companies, Comcast and Charter, are trading at record high prices. Charter stock prices are up more than 150% in the past 5 years. (Sources 1, 2).
• In 2020, Charter added more than 2.1 million home Internet customers, up from 1.3 million the year before. (Source 3).
• Year-over-year growth for Comcast’s Internet service is above 5%, the highest rate in more than 6 years. (Source 4).
• In 2020 alone, more than 6 million people cut the cord, choosing to drop cable TV services in favor of streaming-only options. (Source 5)

Over and above, Den Networks, is debt free, comes from a big brand, entertains 13 million+ households in India across 13 key states and 433 cities and has the Largest Subscriber Base amongst all cable players in India. 

Besides, after revolutionising the internet adoption in India with Jio’s free internet data plans, Mukhesh Ambani has drawn up the plan for a second wave of the digital revolution through JioFiber broadband services.

On September 5, 2019, Reliance Jio launched a fiber-to-the-home (FTTH) internet broadband service JioFiber, also known as Jio GigaFiber, in over 1,600 cities in India. This is expected to get more aggressive, post 5G Launch in India. 

JioFiber is offering a speed starting from 100 Mbps and go all the way up to 1 Gbps. These plans come with access to free domestic voice calling, conferencing and international calling; TV video calling and conferencing, entertainment OTT apps, gaming, home networking, community management services, device security, AR/VR experience and more.

• High-Speed Internet
• Voice Assistant
• Free Voice And Video Calling
• 4K Set-Top Box
• Music And Video Streaming
• Home Networking And Smart Homes
• Jio Security
• Smart TV Experiences
• JioGate Community Management
• Online Multiplayer Gaming
• Virtual Reality Experiences

Those having a long term vision should have the scrip of Den Networks Ltd (Rs.40.25) in their kitties.

In another development, the case of Future Retail Ltd (Rs.54.35) is now all set to go in its favour of the master Indian strategist, Kishore Biyani, as he is all set to gift Biriyani...😀😀to his shareholders. The Economic Times writes, Future may use CCI order to get Amazon cases quashed. 

I have mentioned many times, in this blog that it will be very difficult, if not impossible to beat Mukhesh Ambani in his home turf. And the new developments, just indicate that.....We can now look forward for targets of Rs.100+, in the coming days. Accumulate on declines.

You can continue accumulating the shares of Bombay Rayon and Fashions Ltd (Rs.7.15) for targets of Rs.27/35. The company has opened new stores in Bangalore. Photo: Bombay Rayon and Fashions Ltd's new store in Bangalore.

Another, I want to ask the regulators: on what basis a stock is put in T - group (BL in NSE)? I see Stocks like Sintex Plastics Ltd (Rs.13.45), Trident Ltd, 3i Infotech, Urja Global Ltd (Rs.14.90), Nagarjuna Fertilizers Ltd (Rs.11.35), HCC (Rs.15.60), etc which are either hitting continuous Upper Circuit for weeks or there are too much speculation, have still not been shifted in Trade - to - Trade segment (T - group), while it is not the case for many others, Reliance Capital (Rs.13.65), Reliance Infra Ltd (Rs.95.15), A2Z Infra Engineering Ltd (Rs.7.70), etc. 

If the stock exchanges do this of regulation, then obviously the shareholders will question the intent of the regulators. I'll only say - we either have a very bad regulation policy or the persons who are entrusted with the implementation of the surveillance policies/mechanism are probably doing the work with a jaundiced vision. 

My request to the regulators of stock Exchanges: Kindly, take note of my concerns and take necessary steps to correct the aberration.

The shares of Suzlon Energy Ltd (Rs.7.45) has been hitting the buyer since the last couple of days. We can look forward for targets above Rs.10, as the government of India is all set to implement the Renewal Energy targets of 2022. The upcoming budget is likely to give incentives for the Renewal Energy sector. Accumulate in Market Declines. 

Buy the shares of A2Z Infra Engineering Ltd near the CMP of Rs.7.55, for short term targets of Rs.12/15.

According to Simply Wall, A2Z Infra Engineering Ltd (Rs.7.55) had a debt of Rs.3.63 billion as of 31 March, 2021, down from Rs.4.79 billion. However, it has a cash reserve of Rs.2.13 billion, hence its net debt is a meagre figure of Rs.1.50 billion -- this is very less, for the companies in its sector of performance.

Market Mantra

After hovering near flat line in morning trade, key equity indices bounced back in mid-morning trade. At 12:10 IST, the barometer index, the S&P BSE Sensex, was trading at 35,300 up 158.90 points while Nifty was seen at 10,6184 up 2.65 points. 

Most metal and FMCG shares advanced.

Among secondary barometers, the BSE Mid-Cap index was up 0.17%. The BSE Small-Cap index was down 0.03%.

The market breadth, indicating the overall health of the market, was negative. On BSE, 931 shares rose and 1249 shares fell. A total of 109 shares were unchanged.

Alkem Laboratories rose 1.23% after the company said that USFDA has concluded inspection at its Taloja facility. The announcement was made after market hours yesterday, 14 November 2018. Alkem Laboratories said that USFDA had conducted an inspection at the company's Bioequivalence facility located at Taloja, Maharashtra from 8 November 2018 to 14 November 2018. At the end of the inspection, no Form 483 was issued.

Overseas, most Asian shares were trading higher after an improvement in market risk sentiment after British Prime Minister Theresa May said she had obtained enough support for her proposed Brexit deal to move forward. The uncertainty surrounding a deal had earlier weighed on risk sentiment.

US stocks closed lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months, as blue-chip Apple Inc. flirted with bear-market territory.

Meanwhile, US Federal Reserve Chairman Jerome Powell on Wednesday expressed confidence in US economic strength and said that markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019.

On the US data front, the Labor Department said the consumer-price index rose by 0.3%, while core CPI, excluding volatile food and energy prices, rose 0.2%.

#Sell the shares of Jet Airways Ltd at around the CMP of Rs.275.15, for short term targets of Rs.210/189. It has a negative worth. Its outstanding to employees, vendors, oil companies, AAI, maintenance contractors, lessors & other suppliers has crossed Rs 12,000 Cr, according to a report in Rediff.com. The Stop Loss for Jet Airways Ltd is Rs.285 and Rs.292 (exit completely), in case the stock does not perform as expected. SELL, SELL, SELL!!

#A2z Infra Engineering Ltd (Rs.13.85) yesterday made an intraday high of Rs.13.85, while today it touched Rs.14.50, intraday. Buy the shares on all market declines.

#The scrip of Omkar  Speciality Chemicals Ltd is trading at around Rs.12.55 in the BSE, up 2.12%. Accumulate on declines.

Market Mantra

The market extended gains and hit fresh intraday high in mid-afternoon trade, backed by positive opening in the European market. At 15:15 IST, the barometer index, the S&P BSE Sensex, was trading at 35,148.46 up 335.47 points or 0.96% while Nifty was seen at 10,584.50 up 102.30 points or 0.98%.

The Nifty 50 index was up 91.15 points or 0.87% at 10,573.35. Gains were supported by firmness in oil sector stocks. The Sensex regained 35,000 mark in mid-afternoon trade.

Among secondary barometers, the BSE Mid-Cap index was up 0.09%. The BSE Small-Cap index was down 0.07%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1214 shares rose and 1292 shares fell. A total of 127 shares were unchanged.

On the economic front, India's industrial production grew 4.5% in September compared with the upward revised 4.7% in August, data released by the statistics office showed. August growth had initially been estimated at 4.3%.

Inflation as measured by the Consumer Price Index stood at 3.31% in October compared to 3.70% in September, showed government data released on Monday.

Overseas, European equity markets opened higher on Tuesday, following a pullback in stocks stateside. Investors are keeping a close eye on oil prices, after new comments from President Donald Trump. He said that the group of oil producers OPEC should not cut supply to prop up the market.

Asian shares were mixed on the back of US stocks closing sharply lower Monday. In US, the Dow Jones Industrial Average tumbled 600 points as crude oil prices extended their retreat while a firmer US dollar also sparked worries about the competitiveness of US corporations in an increasingly challenging economic environment.

#Buy the shares of A2z Infra Engineering (Rs.13.35) for short term targets of Rs.17/22/36/42. SL: Rs.9.40.

Shareholding Pattern:

• SICOM -- 3.57%
• Standard Chartered Bank -> 7.13%
• Aspire Emerging Fund (an FPI) -> 1.53%
• Edelweiss Asset Reconstruction Company Ltd -> 6.49%.
• Shankar Sharma, an Ace Investor -> 4.66%.

On 27 July, A2Z Infra Engineering announced OTS with lenders of A2Z Green Waste Management towards Debt of Rs.275.94 Cr, for a total consideration of Rs.70 crore.  On that day it hit 20% UC & was trading above Rs.24. Shankar Sharma is reported to have recently recommended it. This is going to be multibagger going forward as it has cut down its debts substantially and has good order book position. 

#The scrip of Omkar Speciality Chemicals Ltd and its sister concern Lasa Supergenerics Ltd hit their respective buyer freezes at Rs.11.71 and Rs.26.15 on the BSE. Congratulations to those who bought the scrip on my recommendation. 

#The Nifty would continue to get support above 10500 and would move towards 10700 in the coming days. The small and micro-cap rally is about to being as November-effect has kicked in. Therefore, book your seats in advance in this space.

#The scrip of Ishan Dyes & Chemicals Ltd (Rs.57.50) is consolidating around the current ranges before the next level of Upmove which is likely to take the scrip above Rs.67. Keep holding with a SL of Rs.56.

~~with inputs from Capital Market Live News.....