WINNING STROKES: THINK DIFFERENT

Today HDIL moved to Rs.71.45 in the BSE before closing above the break-out point. The scrip rose today due to twin reasons: (i)  the Bombay High Court staying a lower court order asking police to conduct a probe against the company with regard to alleged irregularities in a slum rehabilitation authority (SRA) project and (ii) anticipation of an early rate cut by the RBI in view of the fall in the CRUDE OIL prices. The company’s current debt on a consolidated basis stands at Rs.3,400 crore, which is being serviced regularly. Earlier in an interview to a business channel, Sarang Wadhawan, vice chairman & managing director, HDIL said that the management hopes to cut down the debt of the company by 25 percent to Rs.2300 crore by March next year. He further added that Maharashtra government's move to increase FSI on affordable housing is a big positive for the company. HDIL is one of the largest land bank owners in the Mumbai Metropolitan Region (MMR) region. This policy of affordable housing is aimed at providing free of cost affordable housing to the government in lieu of additional FSI. This additional FSI has moved on from one to three. However, out of that component 2.25 goes towards the residential segment and 0.75 goes towards the affordable housing segment. It is a big increase in the MMR region because most of the other undeveloped areas around Mumbai, they were lacking in FSI. There the FSI was restricted in those areas. It is a good policy for HDIL primarily because a couple of its projects in Vasai, Virar where its component was about 50 million square feet of affordable housing has moved up to about 75 million square feet. It will be one of the largest affordable housing township projects in India. The scrip which has a book value of Rs.248.81 and P/E of only 9.81 against the Industry P/E of 26.59,  is expected to cross Rs.100, within the next couple of months. 
My recently recommended A2Z Maintenance Engineering Services Ltd today hit the UPPER CIRCUITS in the BSE and closed at Rs.18.55 today, thus achieving the first target of Rs.18. Join the Paid Service or trade through my recommended brokerage house/s, to make most from this bull market.
Jaiprakash Power Ventures Ltd today moved to Rs.12.29 before closing at Rs.12.09. The the debt of the Jaypee group will come down substantially in the following quarters, after the company decided to divest around Rs.20, 000 crores of its assets. On a closer analysis, one can notice that the deals made by Jaypee Group (JSW-Jaiprakash, etc) were just liability transfer from one balance sheet to another. The book value of the shares of the company is Rs.21.54.
ARSS Infrastructure Projects Ltd today moved to Rs.38.50 before closing at Rs.37.35, up 3.61 per cent. With the improvement of health of the Indian Railways and the government of India taking a number of steps to shore up the construction sector, the scrip is all set to cross Rs.50, within a short time----accumulate it on all declines.
Sudar Industries Ltd, recommended in this blog, yesterday at Rs.37.95, today touched Rs.39.90 intra-day before closing at Rs.38.25.

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. 

 Market Mantra

#Buy the shares of Mukhesh Ambani Company, TV18 Broadcast Ltd near the CMP of Rs.37.20, for short term targets of Rs.41/42, SL: Rs.35.

Triggers:

Analysts believe that amendments to the new tariff order (NTO 2.0), combined with industry consolidation, will keep broadcasting stocks buoyant in the short term.

Furthermore, as raw material costs decline for the majority of business enterprises in the second half of the current fiscal year (H2FY23), it is expected that advertising spending will increase in the following quarters.

#Buy the shares of A2Z Infra Engineering Ltd near the CMP of Rs.10, for short term targets of Rs.17/19.

Market Mantra

In line with expectation, the market tanked yesterday for the 2nd day in  a row, mostly due to clueless DIIs. Nifty made a high of 6748 in initial trade and fell down to a low of 6665 during second half and then finally closing at 6675 with a net loss of 58 points.
The point which must be remembered is that Nifty is near its life time high but we are in a new BULL PHASE. Any bull market starts with skepticism and this time also we witnessing the same with profit booking coming above 6800 level. However, the long term picture shows great strength in the market and any short term dip is a buying opportunity. Though Nifty_Future long positions may still be avoided but investors / traders should concentrate on picking up stocks from mid and small cap space. 

Resistance: 6700 / 6740
Support: 6640 / 6600
Marg Ltd hit another Buyer Freeze on the opening trade at Rs.1.05. The scrip has been hitting continuous buyer freeze since it was recommended. 
Today's Call: (i) Buy J P Power at Rs.15.90, T--Rs.21, SL--Rs.14.4.There are lot of positive developments in the company. Jaypee is the country's third largest cement producer, the largest private sector company in hydropower with 1,700 MW, and has four thermal power plants totaling 5,120 MW slated to go on stream within a short time. JAL, the group flagship, has an engineering and construction wing which remains occupied mostly with in-house work. It also has the largest land bank in the National Capital Region.
(ii) Buy Orchid Chemicals Ltd at Rs.54.20, T-Rs.62, SL--Rs.49. It was earlier one of the hot favourite of the ace investor, Rakesh Jhunjhunwala. Later when its financials started to worsen he exited the counter and the stock price crashed. Meanwhile, the Company tried to reduce its debt through a CDR package, but it got delayed due to red-tape-ism. However even without implementing CDR, company turned to EBITDA positive in latest quarter. Now that the CDR package has been approved by the lenders, the good days are ahead for the scrip. According to some analysts: with this approval the Company can now complete the deal with Hospira and concentrate in other existing business (antibiotics API and oral formulations), and niche therapeutic products. Considering company's strong R&D pipeline, there are bright prospects for the company going forward. Recently U. S. health regulator Food & Drug Administration (FDA) inspected its Irungattukottai, Chennai-based oral formulations facility  and approved it without any observations.
(iii) Book profits in PVP Ventures Ltd at around Rs.8.90--8.70, as the scrip has run more than 40% in just 3-4 days. Let it cool down, then again you can invest in the scrip.
(iv) Average Core Education Ltd at Rs.13.10-13.20, A2Z Maintenance and Engineering Services Ltd (Rs.10.70) and Vijay Shanti Builders Ltd at Rs.11.40-11.50. Also, accumulate IVRCL Ltd (Rs.14.70) on all declines.

Resurgere Mines and Minerals: Location of Mines

CMP: Rs.3.22 (BSE in Lower Circuit) and Rs.2.70 (NSE in Upper Circuit)

Inference: Strong Buy 
Target: Rs.10 plus

Company Overview:
Resurgere Mines & Minerals India Limited is a Public Limited Company engaged in the business of extraction, processing & sale of Ore and exploration & development of mining assets. Presently the Company is enjoying long term raising and purchasing rights for Bauxite Mine in the State of Maharashtra and mining rights for Soapstone in the State of Rajasthan.

The Company has also 99.98 % equity holding in Shree Warana Minerals (India) Pvt. Ltd. having another bauxite mine in the State of Maharashtra through its wholly owned subsidiary i.e. Warana Minerals Private Limited. 

The mining is already taking place in Soapstone Mine in Dhelana, Rajasthan. In case of some of the mines, the company had been given allotment, but the approvals in the form of environmental and forest clearances are yet to be obtained. This is normal, for commencement of any mining activity. If the clearances are given fast by the current NDA government, then mining activities, can start at any time, after the monsoons.

Initial Mine Development Expenses:
In open pit mining operations, removal of initial overburden and other barren waste materials are necessary for economical extraction of ore. The process of mining overburden and waste materials is referred to as stripping. The management has decided to amortise such expense in 60 months from the date of incurrance of the expenditure at Maharajpur Mines.
Expenses on initial development at “Tatibha Mines” continue being amortized over a period of 5 years from the month in which the expenditure is incurred as estimated by the management.

Subsequent Mine Development Expense:
During FY13, the Company during the course of excavation activity at the Nuagaon mine situated in the State of Orissa has found soft ore (blue dust) in the said mine. Soft Ore has significantly lesser economic value and the company after considering all commercial implications has decided to discontinue excavation activity on the said site within the mine. The company has already started development of an alternate site immediately adjacent to its existing mine site. The management has decided to amortise the expense in 18 months from the date of incurrance of the expenditure. 

Important: 
Face value of equity shares has been consolidated from Re.1 to Rs.10 each with effect from 15th June 2012. (Shareholder’s approval was taken by way of postal ballot, of which the results were declared on 20th March, 2012. Corporate action with stock exchange was done with effect from 15th June, 2012, the record date)

Subsidiary Companies:
As on March 31, 2013, it has six subsidiary companies, namely:
1. M/s Warana Minerals Private Limited
2. M/s Shri Warana Minerals (India) Private Limited
3. Resurgere International FZE
4. M/s Resurgere Sponge Iron Limited
5. M/s Resurgere Ferro Alloys Limited
6. M/s Resurgere Industries Limited
The above companies are wholly owned subsidiaries of the company. M/s Resurgere Sponge Iron Limited and M/s Resurgere Ferro Alloys Limited were incorporated on 1st March, 2011 and the M/s Resurgere Industries Limited was incorporated on 10th March, 2011. In addition to the above, the company has one limited liability partnership namely “Resurgere Coal India LLP” with a 70%stake. 

Please Click on the Photo to get an Enlarged View

Associates:
a. M/S Exfin Shipping (India) - Partnership Frim
b. Victory Sponge Private Limited -Company
c. Eminent Steel private Limited -Company
d. Runwell Steel Private Limited -Company
e. Spear petroleum Private Limited -Company

Therefore, the shareholders are sitting on a "Huge Pile Of Wealth"--waiting to be unlocked and distributed. Am I right?

There are talks that Narendra Modi government will form a single window to hasten such clearances. The NDA government has already made arrangements for online submission of papers, to get the clearances.

It is surprising to see the shares of a company having so many MINES and whose IPO was placed in the price band of Rs.263--272, in August, 2008, is trading below its face value of Rs.10; and which perhaps can happen in India only, because here most investors are either not well informed about the markets or have no idea, about the scrip they are purchasing.  When I was asking all to buy A2Z Maintenance Engineering Services Ltd at Rs.11-12, many were reluctant, to touch it with a stick, and today I see, there are more than 13 lakh bids at Rs.20.90, as the scrip moves from one Upper Circuits to another. What do you call Indian Markets? Immature?

Also, have you seen, a stock, hitting the UPPER CIRCUITS in one EXCHANGE (NSE) and the LOWER CIRCUITS in another (BSE), on the SAME DAY (and at the same time) in India. Our Stock Exchange Regulators are really, world-class, who can create such miracles, unparalleled in the world.....Huh!! Another thing is that in one exchange the circuit limit for Resurgere Mines and Minerals Ltd is 4.72% and in another it is 3.85%--don't know which fertile brains are regulating such activities in BSE and NSE. Do they deserve Nobel Prize in Economics? Think!! 

Winning Strokes

The trading pattern of the Singapore stock exchange's SGX Nifty suggests that the Nifty could open with a 40-point gap up. Overseas, Asian equities are up on Monday on expectations that the Federal Reserve would stop rate hikes this month following a mixed US jobs report, while crude oil jumped after Saudi Arabia vowed significant output cuts in July. You now have to pick up good small and mid cap stocks for the upcoming June - September rally. Photo: Equity Bulls.

#The stock of Zomato Ltd (Rs.71.15) made an intraday high of Rs.73.20. With this move all the short term targets have been achieved. Book profits and wait for dips to enter.

#The stock of Dhani Services Ltd (Rs.34.35) is consolidating at the current ranges. One of companies, Yaari Digital Integrated Services Ltd (Rs.12.90), whose promoter is Sameer Ghelaut, hit the upper circuit last Friday. This is expected to give a positive rub off to the shares of Dhani Services Ltd, since Dhani Services Ltd (Rs.34.35) also has Sameer as the promoter. Keep accumulating for targets mentioned in Twitter and Facebook.

Wikipedia: Sameer Gehlaut (born 3 March 1974) is an Indian businessman. He is the founder and chairman of the Indiabulls Group, a diversified financial services group with businesses in housing and consumer finance through independent and listed companies in the Indian stock exchanges.

Sameer Gehlaut's Indiabulls Housing Finance is India's second biggest mortgage lender. An engineer from India's elite Indian Institute of Technology, Delhi, Gehlaut started online brokerage Indiabulls with two college pals in 1999. Gehlaut took the company public in 2004 and moved into real estate scooping up prized land in Mumbai in public auctions. Gehlaut is building a Mandarin Oriental hotel in London's Mayfair area.

Dhani offers a range of products across both fintech and healthtech services. On the financial services front, customers can choose from a suite of products to help manage all their financial needs on a daily basis. Dhani is also home to an online store through which customers can get their hands on all daily need items. Its other financial services include investing, trading, and growing their wealth through smart stock broking solutions.

#There were news reports that Prestige Estates has bought out DB Realty Ltd's (Rs.84.10) stake in two ventures that are engaged in real estate projects in Mumbai, for ₹1,176.5 crore.

In DB Realty, Rekha Jhunjhunwala, wife of the late investor Rakesh Jhunjhunwala, hold about 1.4 per cent stake.The stock should cross Rs.100 in the near future as it's debt has come down to ₹976.54 crore. Hold with a SL of Rs.76.

#The share of A2Z Infra Engineering Ltd (Rs.8.15) which is into two happening sectors like Waste Management and erection of Telecom Towers, could be accumulated for targets of Rs.12/14. The 5G telephony service requires lot of telecom towers, especially in cities. Hence, the demand for telecom towers will continue to see an upward trajectory. Accumulate!! 

#Nahar Spinning Mills Ltd (Rs.262.10) should do well in the coming days. According to news reports, Nahar Spinning Mills has last year undertaken an expansion plan of 31200 spindles. The project's construction is proceeding well. Orders for the machinery have already been placed, and the project is planned to be completed by June 2023. After the expansion is completed, the company's spindle capacity will stand at 5,73,376 spindles and 1080 rotors. The stock is expected to cross Rs.400 in the near future. 

In addition, the company is adding 8 Vortex machines with 96 positions each to its spinning unit. The machinery orders have already been placed. The project is expected to be completed by June, 2023.

Furthermore, the Company's upgrading of the spinning and garment facilities is proceeding as planned. Under this plan, the corporation will replace the 33 old Ring Frames with the New Ring Frames. In addition, new Speed Frames, Card Machines, and Contamination and Control Machines are being installed. The machines have already been ordered, and the modernisation is expected to be completed by June, 2023. Accumulate!!

#Since crude oil is showing some positive momentum, you can buy the shares of Aban Offshore Ltd (Rs.40) near the CMP for short term targets of Rs.47/51.

#The stock of RTN Power Ltd (Rs.3.50) has started to move up. Accumulate for targets of Rs.4.30/Rs.4.60.

#The stock of the pharma giant Wockhardt Ltd (Rs.169.90) is trading at a dirt cheap price. Accumulate for targets of Rs.221/272.

Wockhardt is a global pharmaceutical and biotechnology organisation providing affordable high quality medicines across the world.

It has 14 comprehensive manufacturing facilities across India, US and Europe which are approved US FDA, UK MHRA and EAMA compliant sites.

Wockhardt is a global pharmaceutical and biotechnology organisation providing affordable high quality medicines across the world. It has 14 comprehensive manufacturing facilities across India, US and Europe which are approved US FDA, UK MHRA and EAMA compliant sites. Wockhardt has a global footprint with 75% of its business outside India. It is present in various segments like generics, biotechnology, injectable and antibiotic discovery. Wockhardt is focusing in 4 areas of business to be the strategic pillars for future growth. 

• First is the pharmaceutical business in UK, India, US and emerging markets. 
• Second is the manufacture of vaccine in UK under collaboration with Serum Institute to supply it globally. 
• Third is the entire injectable insulin portfolio in the diabetes Biologcal space. 
• Lastly is the deep commitment of the company in the research and development space for new drug discovery. 

The company has done an entire restructuring in its US business by closing down its manufacturing facility in Morton Grove in Chicago, USA, which was a significant drain on its financial performance. 

Wockhardt expects to save about USD 12 million in losses which it was incurring. But the company has identified the product portfolio to be now manufactured by a third party at a certified facility and will continue to maintain the sale of the product with approx 40% gross margin. 

The company has also recently concluded an agreement with Serum Institute to manufacture 150 million doses per year of vaccine at its UK facility for a period of 15 years and for which it has received £10 million contribution. 

Additionally, apart from the contract manufacturing there is a joint venture component in the agreement wherein there will be a profit sharing of 51:49, in favour of Wockhardt. 

The company has a significant presence in the antibiotic segment and is among the largest company in the world to have a comprehensive end to end discovery and development program. 

The deleveraging undertaken by the company over the last five years have resulted in the long term external debt going down from a whopping Rs.3,200 crore to about Rs.600 crore.

The Wockhardt stock has been in a downturn over the last few years due to high debt and falling sales. But now with external debt restructuring, fresh capital infusion and new contract agreements the company is poised to do well over the next few years. There is a new vision and energy in the company during the last one year and this should propel the Wockhardt to newer heights. The Wockhardt stock quoting at Rs.169.90 on the bourses can be accumulated by portfolio investors for long term solid gains. It has the potential to become a multibagger.

WINNING STROKES: THINK DIFFERENT

In the morning, looking at the uncertainties of the market, the Premium Members, were asked to carry long in Nifty, but with strict  stop loss of 6650 (corresponding to Nifty_Spot rates). At that time the Nifty_Spot was trading at 6712.80, which later rose to 6741.05, giving handsome intra-day gains to the traders. The Nifty closed at 6699.35 with a very small gain of 4.55 points, snapping 5 day losing streak. Today also FIIs were net buyers to the tune of Rs.279.86 crores of Indian

Photo: The Economic Times

equities.  Now where will the Nifty go from here and how to play with it? Should we buy 6000 put of 8000 Nifty_Call? To know all this join before 15th May, 2014, to avail of the old subscription charge. After 15 May, 2014, the Paid Membership charges would be enhanced to Rs.10, 000 per year, which will be further hiked to Rs.12, 000 per year from next January (2015). Also, I do not have any LIFETIME Offers / Membership Cards, for the Paid Subscription, hence kindly refrain sending any request on the same. I maintain some Ethics and Principle, in this space; as I am not a "Bazaaru" (Commercial) guy who wants to sell anything and everything, at any cost.  

Opto Circuits Ltd today rose to Rs.34.45 before cooling down at Rs.33.15. The company would have a board meeting  to discuss various options like FCCB/GDR/Preferential Allotment/Private Placement/issue of Convertible Debentures offering and any other form of raising funds for OPTO Circuits (India) Limited and/or for its Indian/Overseas Subsidiaries for its future expansion, growth, joint ventures, acquisition of technologies and Research and development activities. The hidden meaning is that the results of Q4FY14 and Q1FY15 could be better than expected. It is a huge company but only problem is the stressed balance sheet. 
Marg Limited hit another buyer at Rs.17.05. The scrip has more than doubled from the recommended price during the last couple of months. 

The scrip of A2Z maintenance and Engineering Services Ltd (Rs.9.98) and Shiv Vani Oil and Gas Exploration Ltd (Rs.13.05) should slowly come out of their blues after the master restructuring. Both the companies have orders in hand but due to high interest cost is suffering. Once this problem is mitigated, both the scrip would give superb returns going forward---there are lot of scrips in the past which showed similar characteristics. 

Country Club India Ltd, just closed above the crucial support, but is expected to touch Rs.17-18 in the coming days, where you can book profits. Leisure and infrastructure firm Country Club India, which has 55 properties across 10 nations, is planning to strengthen presence overseas and is targeting 1 million membership in a decade, according to a news published in Economic Times on 3rd May, 2014. 

Jai Balaji Industries Ltd hit another buyer freeze today at Rs.18.10. The scrip is slowly heading towards Rs.31-32 in the coming days. 

Insecticides India Ltd is consolidating at the current price of Rs.275-277, and a break out is expected on the other side of border line. Recently the Business Standard reported that the agrochemical firm Insecticides (India) Ltd (IIL) has been granted a patent for the preparation process of a chemical compound to control pests. 

Pawan Kalyan and 
Potluri Vara Prasad (PVP)

PVP Ventures Ltd, today closed at Rs.6.89, but I am expecting the scrip to race past Rs.12-13, post declaration of the election results. It is widely believed that the TDP will do much better at least in Seemandhra, if not in Telengana. It is another Raj Television Network Ltd (Rs.133.20) in the making. On May 7, 2014, Andhra Pradesha (Seemandhra) goes to poll in the following constituencies: Aruku, Srikakulam, Vizianagaram, Vishakhapatnam, Anakapalli, Kakinada, Amalapuram, Rajahmundy, Narsapuram, Eluru, Machilipatnam, Vijayawada, Guntur, Narasaraopet, Bapatla, Ongole, Nandyal, Kurnool, Anantapur, Hindupur, Kadapa, Nellore, Tirupati, Rajampet, Chittoor. 

Photo: One India

My earnest appeal to all of you is to vote, Telegu Desham Party (TDP) Candidates in all the constituencies---just vote on the Party Symbol of the TDP; kindly don't look at the religion or caste or language of the candidates. Also, take along with you all your friends and acquaintances apart from the family members to the polling booth. Every vote is important. Unless you give your mandates,  how will your candidates win? Please vote for a change. 

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

Today, the markets went for selling at the end of the day. The BSE Sensex tanked by 664.32 points (-1.16%) to 56,502.42, while the NSE shed 198.40 points (-1.16%) and was last seen trading at 16,975.25. 

I basically feel two reasons for the indices to come down suddenly: (i) The money is coming out of the overvalued Large caps and entertaining the Mid and Small caps. (ii) Fresh Covid - 19 scare might have spooked the retail investors. However, you should use this kind of opportunity to accumulate good shares at a reasonable price.

#As expected A2Z Infra Engineering Ltd freezes hit another buyer Freeze at Rs.13.45. We can look for good targets going forward.

#The shares of Reliance Naval and Engineering Ltd hit the Upper Circuit today at Rs.3.75. Accumulate for targets of Rs.11/12. You should buy and keep holding, since you know the story. The lenders will not agree to go with JSW Energy not only because its bid is too low, but also because Nikhil Merchant is more experienced when it comes to executing Defence contracts (like making of War Ships).

#Buy the shares of Wockhardt Ltd at the CMP of Rs.285.90, for short term targets of Rs.410 - 441. SL: Rs.266. I'm expecting a turnaround in this quarter.

#Those who have still not booked profits in Aban Offshore Ltd (Rs.56) are requested to do the same and hold the rest with a SL: Rs.51.

After Market Opening Chart Check

The Nifty moved in a range yesterday, after it pulled a gain on last Wednesday and closed with a nominal loss of 10 points. Nifty traded dull during all through the day after an initial volatility. It made a high of 7754 and low of 7707 and finally settled at 7715.
Nifty is now trading above 7700 and  hence a new uptrend seems to have resumed. Nifty is slowly moving towards an uncharted territory with no visible resistance. Long is a Hold with a SL of 7430. There was some selling in the small cap space yesterday, but today, the small cap index is marginally up along with the IT and Pharma indices. The investors are therefore, suggested to buy only good companies and keep holding. However, since India VIX is up more than 4%, you should keep your Stop Losses ready, in case of any short term fall.The Nifty (Spot) is now trading at 7690.

Resistance: N/A
Support: 7700 /  7680
The benchmark US indices ended firm on Thursday, with the Dow Jones breaching the 17000-mark for the first time on the back of higher-than-expected monthly jobs data.
Asian indices are trading flat to positive, on positive cues from the Wall Street overnight.
Fundamentally speaking, the domestic share indices are expect to cut their losses and close in the green on the positive optimism from easing of the crude oil prices by ~$4/bbl from their recent highs and taking cues from the positive trend in global markets. The Union Budget 2014-15, which is due on 10th July will provide further direction to the market.

Today's call: 
(i) Buy Radico Khaitan Ltd at Rs.13.50, T--Rs.140, SL--Rs.109. In this company the ace investor, Rakesh Jhunjhnwala  (RJ) is holding stake. Some of the scrips like A2Z Maintenance Engineering Services Ltd (Rs.21.90),  Shashun Pharma Ltd (Rs.160.70), etc where the RJ has stake are already in the Upper Circuits. In January, 2014, the big bull Rakesh Jhunjhunwala's firm Rare Enter purchased 6.85 lakh shares (0.5% stake) at price of Rs.167.75 a share. Therefore, the counter may witness upmove. The scrip has not taken part in the current rally in a major way, and hence there is opportunity to mint money. 
(ii) Those who have bought the shares of Western India Shipyard Ltd at  higher prices are suggested to average at around Rs.2.70-2.79. The scrip is on an uptrend on the Budget Optimism and could reach Rs.5, where you should book profits.
Important: 
(i)There are some optimism regarding 49% FDI in defense deals, and some of the stocks in this sector like Rolta Ltd (Rs.11.7.5) is already buzzing. Even Avantel Ltd (Rs.78) is showing some upward momentum. However, the scrip have already move up much on this optimism and hence it would be prudent to buy the scrip (if at all you think to play on this story), only in declines. 
(ii) The debt ridden Lanco Infratec Ltd (Rs.12.12) is in talks with some strategic investors for selling stake in its thermal projects, and due diligence for the same is in process.  
(iii) Network18 Media and Investments Ltd founder Raghav Bahl, who resigned on May 29, 2014 after Reliance Industries Ltd took control of the company, is likely to return as a director.
(iv) Hatsun Agro Product Ltd (Rs.276) commenced commercial production at dairy plant in Poolam village in Tirunelveli with effect from Jul 1, 2014.

 Winning Strokes

The markets are trading in the green as of now. The BSE Sensex was seen trading at 55,561.78 up 97.39 points (+0.18%), while the Nifty was seen at 16,636.00, up 41.10 points (+0.25%). I feel over the next few days, the indices will consolidate around the current ranges, while we will continue to see stock specific actions. Photo: News8Plus.

#The shares of Bombay Rayon and Fashions Ltd (Rs.7.95) Freezed in NSE. Keep holding for targets mentioned earlier.

#The stock of A2Z Infra Engineering Ltd (Rs.10.90) hit another consecutive buyer Freeze. We are likely to see further positive action in the counter. It is a huge company and hence we can expect good returns in the near future.

#Risk taking investors can buy or average out, the shares of Future Retail Ltd (Rs.46.40).

I feel the game is over for Amazon and the Apex Court is likely to give a favorable view on 15 March, 2022. Mukhesh Ambani, is tightening his grip over the company and soon we may hear the news of the Final Deal.

The crux of my recommendation: the Reliance Group had earlier stated that it will honour the agreement with Future Group. It has even pushed back the deal's deadline to September 30, 2022.

Moreover, the lenders are not likely to call for insolvency or any such coercive measures, as it will invariably give them lower recoveries.

The best option at the moment (according to my understanding) for the lenders would be to press Amazon, Reliance Group and Future Group come to an agreement, through talks. It is pertinent to mention here that last week, both Amazon and Future Group agreed in court to hold a dialogue. The next hearing in the matter is scheduled for March 15.

Importantly, in August 2020, when the deal was originally announced, the transaction was valued at around Rs.25,000 crore. The catch is that, when Reliance group had mentioned that it will honour the deal, then we can expect the process to happen around those valuation. 

Also, it is now apparent, that Amazon group has grossly underestimated the prowess of the Mukhesh Ambani controlled Reliance Group.

Therefore, (speculative) Buy FRL at the CMP of Rs.46.40, with a strict SL of Rs.41.60 (Exit) for short to medium term targets of Rs.57/59/66/71.

#Yesterday's recommendation of Steel Authority of India Ltd (SAIL, CMP: Rs.99.65) at around Rs.98, today made a high of Rs.101.85, intraday. The way Commodity prices are rising in the international markets, gives us the liberty to take a positive view on SAIL. The company has mines in Jharkhand, Chattisgarh Orissa and Bengal. 

We can look for targets of Rs.117/121/127/131 in the next couple of months. Remain invested.

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. 

Market Mantra

The Indian markets are trading with slight loss in absence of any major clue. Meanwhile, the US Fed Chair, Jerome Powell hinted for going to move more slowly in terms of any further interest rate hike.

#Buy 3i Infotech Ltd at Rs.35, for short term targets of Rs.41/46, SL: Rs.31.60. The software companies who are into automation should do well in the near future.

#The scrip of Central Bank Ltd (Rs.27.90) probably completed its correction phase today. With the current set of fundamentals, the stock should double from the current price. Accumulate or average your holding.

#The scrip of RTN Power Ltd (Rs.4.80) touched Rs.5.05, due to improved Fundamentals. The stock should cross Rs.10 in the coming months.

#The share of A2Z Infra Engineering Ltd (Rs.7.56) has been shifted to T - group. However, the company is expected to show a strong come back after few quarters of lackluster performance. Accumulate.

Updates on some of my recommendations

1. Granules India Ltd, was recommended around Rs.110-112.50.

The scrip touched an all time high around Rs.940.55 on 22/09/2014 (on my birthday). 

2. Multi Commodity Exchange of India Ltd (MCX Ltd) was recommended around Rs.255-270. The scrip made a high of high of Rs.895, on 21/07/2014.

3. B F Utilities Ltd was recommended around Rs.129-130. The scrip made a high of Rs.817.95 on 22/07/2014.

4. Mannapuram Finance Ltd was recommended around Rs.15.50--17.70. The scrip made a high of Rs.31.60  on 19/09/2014.

5. Opto Circuits Ltd was recommended around Rs.25.50-26. The scrip made a high of Rs.44.50 on 22/05/2014.

6. HCC Ltd was recommended around Rs.12.70-12.80. The scrip made a  high of Rs.49 on  01/07/2014.

7. P C Jeweler Ltd was recommended below Rs.88. The scrip made a high of Rs.278 on 23/09/2014.

8. Sarda Energy and Minerals Ltd was recommended around Rs.107.60. The scrip made a high of Rs.402.60 on 21/08/2014.

9. A2Z Maintenance and Engineering Services Ltd was recommended around Rs.11.45. The scrip made a high of Rs.36.40 on 25/07/2014.

10. Prakash Industries Ltd was recommended around Rs.49-50. The scrip made a high of Rs.123 on 21/07/2014.

These are some of scrips which gave good returns to the investors over a period, apart from others like IVRCL Ltd, Entegra Ltd, SBTL, Gitanjali Gems Ltd, IRB Infrastructure Ltd, Ahmednagar Forgings Ltd, etc. 

Today, while Pipavav Defence Ltd (Rs.39.15) and Resurgere Mines and Minerals Ltd (Rs.1.65) hit the buyer freezes; Gitanjali Gems Ltd (Rs.63.15) also closed above some crucial levels. 

Pipavav Defence and Offshore Engineering Company last year announced a new order for offshore vessels from a European client. The order was worth Rs.595 crore with an option to supply two more specialised vessels valued at Rs.1200 crore. The global market for specialised offshore vessels stands at US$10 billion. The company, with its well diversified order book among the defence, commercial and offshore segments, intend to focus on the defence and offshore vessel segment. The defence segment holds around 50% of the order book followed by the commercial segment and offshore segment. New orders in the offshore segment coupled with repairs and maintenance orders augur well for the company as it reduces exposure to the commercial segment. Pipavav Defence and Offshore Engineering Company spanning over 861 acres of land with two dry docking facilities of 662 m x 65 m (Dry Dock-1) and 750 m x 60 m (Dry Dock-2 under construction) is one of the largest “modular” shipbuilding facilities in India. The shipyard is capable of accommodating 400,000 dwt capacity ships along with construction and repair of a wide range of vessels starting from coastal and naval vessels together with repair and fabrication of offshore platforms and rigs. It also has a dedicated offshore yard with 175 m x 16.89 m quay consisting of both launching and loading platform together with installation of bollard and mooring rings. 

 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: THINK DIFFERENT

Marg Ltd hit another upper  circuits at Rs.10.53. The scrip if you remember was recommended around Rs.7.65 on on 3rd April, 2014 to the Premium Service Members. Since then the scrip has been  hitting  non-stop buyer freezes. 

Nifty (Futures) was given a SELL today in the morning inputs to the Premium Members at around 6750, for a target of 6600, SL--6820. The Nifty_Futures crashed on the bourses making a low of 6688.50, before closing at 6694.30. There are FII net sell figures of Rs.44.69 Cr today, while DIIs sold around Rs.347.7 Crores of equities--which means it is the DIIs who are nervous.  This market is only for experts and hence, kindly team up with any veteran in the game, if you really want to make money. the Paid Service or my recommended brokerage houses, to know the next movement of Nifty or to cover your losses. In the Premium Service you will get F&O calls too sometimes (like today), apart from the general cash market calls. Besides, this you would get my support during the market hours.

PVP Ventures Ltd hit another 20% buyer freeze today, after this Hyderabad-based multi-business house with interests in real estate, media and entertainment, in partnership with retired cricketer Sachin Tendulkar, won the rights to own a Kochi-based soccer club that is part of the eight-city Indian Super League. PVP also owns Hyderabad Hotshots, the inaugural Indian Badminton League champion team. Also, news is emerging from Hyderabad that Potluri Vara Prasad, (PVP) has joined the Telugudesam Party (TDP) which is hot favourite to win in this general elections is in tie up with the Bhartiya Janata Party (BJP). It is to be noted that Potluri Vara Prasad is an Indian Entrepreneur, film financier, producer, philanthropist and educationalist hailing from the commercial city of Vijaywada, Seema Andhra (formerly Andhra Pradesh). He is the co-founder of the Engineering School, Prasad V Potluri Siddhartha Institute of Technology, in Vijaywada and owns PVP Energy, PVP Cinema and PVP Foundation  under PVP Ventures. He has produced a number of South Indian Films with Naan Ee grossing Rs.125 Cr. Also, my friends this blog can be directly translated into Telugu Language, after pressing the translate button. This I decided, after giving my full support to Telugu Desham Party (TDP). The Telugu Desam Party founded by Dr N T Rama Rao in 1983 aimed at safeguarding the political, economic, social and cultural foundations of telugu speaking people in the country. In Principle and also in Practice it is the mission of the TDP the party to protect the dignity and self respect of Telugus and also ensure provision food, shelter and clothing to the common man at affordable and sustainable prices and achieve empowerment of women, youth and all backward segments of society in Andhra Pradesh (Now Telengana and Seema Andhra).

Profit booking was suggested to the Paid Members, in Shree Ganesh Jewelry House (I) Ltd after it touched the 2nd target of Rs.41 and  nearly touched the 3rd target of Rs.42 (intra-day high of Rs.41.75). I am  happy that many could make good money in this scrip after a long wait of nearly 3 months. But still an appreciation from Rs.25.50 to Rs.41.75 is  not at all bad. Isn't it?

Jai Balaji Industries Ltd hit another buyer freeze today at Rs.14.72. The scrip has been hitting non-stop buyer freezes since it was recommended. It is expected to hit some more buyer freezes on its way to Rs.41-42. 
The mid and small caps have come down from their recently made  highs. It is time to start accumulating them, especially, IVRCL Ltd (Rs.14.53), A2Z Engineering and Services Ltd (Rs.10.86) and Vijay Shanthi Builders Ltd (Rs.11.26). 

 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

Benchmark indices settled with modest gains as Government promulgating the ordinance to amend the Insolvency and Bankruptcy Code, 2016 perked up sentiment. The barometer index, the S&P BSE Sensex, advanced 91.16 points or 0.27% to settle at 33,679.24. The Nifty 50 index rose 40.95 points or 0.4% to settle at 10,389.70. Gains in global stocks also underpinned sentiment. The Sensex and the Nifty, both, hit highest closing level in 2-1/2 weeks. IT and power stocks gained.

The market gained for the seventh straight day. The Sensex jumped 918.80 points or 2.8% in seven sessions, from a close of 32,760.44 on 15 November 2017.

The market opened higher and held firm in the positive terrain throughout the session.

The Sensex advanced 91.16 points or 0.27% to settle at 33,679.24, its highest closing level since 6 November 2017. The index gained 150.45 points, or 0.45%, at the day's high of 33,738.53. The index rose 51.90 points, or 0.15%, at the day's low of 33,639.98.

The Nifty 50 index rose 40.95 points or 0.4% to settle at 10,389.70, its highest closing level since 6 November 2017. The index gained 55.75 points, or 0.53%, at the day's high of 10,404.50. The index rose 13.50 points, or 0.13%, at the day's low of 10,362.25.

The S&P BSE Mid-Cap index rose 0.58%. The S&P BSE Small-Cap index advanced 0.45%. Both these indices outperformed the Sensex.

The breadth indicating the health of the market, was positive. On BSE, 1,551 shares rose and 1,225 shares declined. A total of 159 shares were unchanged.

The total turnover on BSE amounted to Rs 4485.71 crore, slightly higher than turnover of Rs 4422.42 crore registered during the previous trading session.

On the macro front, the Government of India promulgated yesterday, 23 November 2017, the ordinance to amend the Insolvency and Bankruptcy Code, 2016. Earlier, the President of India had given his assent to the ordinance to amend the code.

The ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the code. The amendments aim to keep-out such persons who have wilfully defaulted, are associated with non-performing assets, or are habitually non-compliant and, therefore, are likely to be a risk to successful resolution of insolvency of a company.

In addition to putting in place restrictions for such persons to participate in the resolution or liquidation process, the amendment also provides such check by specifying that the committee of creditors ensure the viability and feasibility of the resolution plan before approving it. The Insolvency and Bankruptcy Board of India (IBBI) has also been given additional powers.

Meanwhile, the Cabinet Committee on Parliamentary Affairs today, 24 November 2017, recommended that the winter session of Parliament be held from 15 December 2017 to 5 January 2018. The ensuing winter session will have a total of 14 sittings over a duration of 22 days. Three bills are to be taken up in the coming winter session to replace three ordinances namely, the Goods & Services Tax (Compensation to States) Ordinance, 2017 (promulgated on 2 September 17); Insolvency & Bankruptcy Code (Amendment) Ordinance, 2017 and Indian Forest (Amendment) Ordinance, 2017.

Overseas, European stocks edged higher in sluggish post-Thanksgiving trading. Asian stocks gained after volatile trade. Japanese manufacturing activity expanded at the fastest pace in more than three years in November, a preliminary survey showed. The Markit/Nikkei Japan Manufacturing flash Purchasing Managers Index (PMI) rose to 53.8 in November on a seasonally adjusted basis from a final reading of 52.8 in October.

For complete guidance on stock market, you can either join my Premium Service or you can trade through my recommended brokerage house: BMA Wealth Creators Ltd, with a minimum portfolio size of Rs.1 lakh.

A2Z Infrastructure Ltd recommended yesterday reached its 2nd  target of Rs.42, as it made an intraday high of Rs.43.70. Those who are still holding some quantity of the shares, are requested to hold the same, with a SL at Rs.41.

Suzlon Energy Ltd recommended around Rs.13.50-14, today gave a break out on daily charts and is heading towards Rs.17-17.50 mark in the coming days. The company's fundamentals have improved a bit and a spike of crude oil prices is likely to give a forward kick to the shares of Energy Companies. Accumulate the scrip on intraday declines.

Jai Balaji Industries Ltd (Rs.13.80) today closed with slight gain in the NSE as the Steel Minister Chaudhary Birender Singh, assured of all possible support to secondary steel sector, which uses eco-friendly electric furnace to produce the commodity. Regarding, shortage of scrap which is required for making steel through electric furnace route and Duty on import of the commodity, Mr.Singh said that his ministry will take steps to address all issues of the sector which has the potential to create employment for 3 crore people.
Being an Integrated Steel Plant Jai Balaji Industries Ltd has both Blast Furnace and Electric Arc Furnace facilities. Moreover, as an integrated steel manufacturer its operations are sufficiently flexible to enable it to alter its product mix and position in order to minimize adverse effects in its business; in the highly cyclical steel industry. Besides, the government is also pushing investment through sectors like housing and railways, which will help boost demand for steel. 

This week, the NDA government through an amendment to the Insolvency and Bankruptcy Code, essentially barred a majority of the defaulting promoters from buying back their assets. However, if promoters can regularise the account by paying the overdue amount before the resolution process begins, they may be able participate in the bidding process. The steel assets are being bid out at a time when the steel price cycle has turned. While economic growth isn’t at its peak, it is expected to pick up from here.If at this stage in the cycle, a steel asset comes up for bidding, investors will probably not look away. Indeed that appears to be the case. As BloombergQuint has reported, both international and domestic steel firms have expressed interest in the steel assets that are being resolved through insolvency. 

Meanwhile, belying the earlier apprehension, the alloy and SS industry has started looking up. A part of it may be due to a mid-year revision of the availability figures in the official statistics that has made the finished steel availability in this segment to grow by 15.5% in October 2017 itself and by 14.5% during the first 7 months of the current fiscal. As a result, the apparent steel consumption in the country is maintaining its average growth rate of 4.5% in April-October period. Whatever may be the explanation, it looks pretty odd that during the last month, while consumption of non-alloy steel grew by 3.7% only, the alloy and SS consumption went up by a hefty 22.1%.
Raw materials consumed by the Jai Balaji Group includes: coking coal, non-coking coal, iron ore, scrap metal, manganese ore, high manganese slag, quartzite and dolomite among others. Steel Secretary Aruna Sharma recently informed the members of the industry that the duty on nickel has already been removed and the ministry has requested the Revenue Department to remove the duty on ferro-nickel and stainless steel scrap.

The shares of Reliance Communications Ltd today tanked to Rs.13.55, after a sell on rise call was suggested in this blog yesterday. 

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