Winning Strokes

The BSE Sensex is now trading at 60,338.39 down 129.51 points (-0.38%), while the Nifty was last seen at 17,998.75 down 39.30 points (-0.39%). The markets are correcting taking cues from the US market, which tanked yesterday, due to higher than expected inflation figures. However, Indian stock markets are on a Bull run and these kinds of opportunities should be used to accumulate good stocks at reasonable valuations.

#My recommended Equitas Small Finance Bank Ltd (Rs.50.70) made a high of Rs.51.20, intraday.

#If you are looking to maximize your returns from the stock market, then you can join my Premium Information Service. 

Moreover, if you are looking for profit sharing arrangements, then it can be done in the ratio of 65:35, for any portfolio above Rs.2 lakhs.

Also, if you trade through my associated Brokerage House, with a minimum portfolio size of Rs.2 lakhs then Premium Information Service is FREE for you.

#The stock of BPL Ltd (Rs.84.05) hit the upper Circuit today. The stock was recommended last week at Rs.72/73. 

#RTN Power Ltd (Rs.5.30) surprisingly hit the lower circuit today, while RattanIndia Enterprise Ltd (Rs.54) is in Green. 

The authorities should look into matter, as to how the shares of a profit making company trade below its face value, even in this Bull 🐂 Market? Which BEAR 🐻 CARTER is involved in Price Manipulation? Without price manipulation, such volume looks like impossibility.

Its earlier name was Indiabulls Power Ltd. Its Amravati plant is profitable while it is in consultation with Banks to recast its ~Rs.7100 Cr of debt of Nashik Plant. Accumulate in all market declines, for targets above Rs.10. The current market price of Rs.5.30 is an impossibility.

#Accumulate the shares of Dilip Buildcon Ltd (Rs.241.40) near the CMP for some superb returns going forward. HDFC Securities has given a target of Rs.359 for the scrip.

#The stock of B F Utilities Ltd (Rs.448.50) made a high of Rs.459.40. If you remember, it was recommended around Rs.337/338. 

#Balu Forge Industries Ltd (Rs.77.80) today made a high of Rs.83.40.  The stock was recommended around Rs.55/57 on Twitter.

#My recommended Central Bank Ltd (Rs.21.05) made a high of Rs.21.40, intraday. The first target of Rs.21 has been achieved.

#My recommended Websol Energy Systems Ltd (Rs.125), made an intraday high of Rs.129.90. The scrip was recommended on last Monday, around Rs.108. 

#The stock of Swan Energy Ltd (Rs.230.85) will test Rs.229/231 ranges.  Profit booking was suggested through my Twitter post. 

 Winning Strokes

The domestic bourses are trading in the green today. The BSE Sensex was last seen at 59,801.71 up 338.93 points (+0.57%), while NSE's Nifty was trading at

17,806.10 up 107.95 points (+0.61%). The next target for Nifty would be to cross 18200.

#The stock of Wockhardt Ltd (Rs.229.20) tanked to Rs.227.10, post the death of the Big Bull, Rakhesh Jhunjhunwala. I had sent a Twitter message, that I had exited the scrip after it broke a specific support. I had decided to exit after I got the news from my sources that RJ was ill and was in Wheel Chair. We'll again enter Wockhardt Ltd, at the opportune time.

#Today, the stock of Adani Power Ltd (Rs.361.40) touched Rs.362.40, intraday. Keep booking profits on the way, and keep adding on market dips, putting a strict SL at Rs.347.

#I have taken fresh position in Swan Energy Ltd (Rs.203.45).

Nikhil Merchant, the Managing Director of Swan Energy is the father of Vinita Patel who is married to Naman Patel the nephew of Anil Ambani.

Vinita Naman Patel is currently associated with 4 Companies and is director with Swan Lng Private Limited, Dave Impex Private Limited, Storm Soft Technologies Private Limited, Triumph Offshore Private Limited.

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Further Saurabh Dalal Patel is the husband of Ila Ambani, the first cousin of Mukesh and Anil Ambani. He is the son-in-law of Ramnikbhai Ambani, the elder brother of late Dhirubhai Ambani.

He is currently a Member of Legislative Assembly in the 14th Gujarat Legislative Assembly or Gujarat Vidhan Sabha (ગુજરાત વિધાન સભા) and has served in the same capacity in the 10th, 11th, 12th and 13th Legislative Assemblies as well. In the Gujarat Legislative Assembly Elections that concluded in 2017, he contested and was directly elected from the constituency of Botad. He has given charge of finance and energy minister of gujarat. [Wikipedia].

Saurabh had held important portfolios such as finance, energy and petrochemicals, and mines and minerals in Gujarat.

News reports suggests: Saurabh Patel owed his rise to Modi, and Anandiben used him as her main conduit with industry and business.

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One of the most influential businessmen in Modi’s India is someone you may have never heard of. Google for Nikhil V. Merchant on the internet and you would be hard pressed to find too many photographs or profile or interview or even a quote of the 50-something entrepreneur whose proximity to Narendra Modi is an open secret in the upper echelons of the Bharatiya Janata Party and its government in Delhi.

Swan Energy, is largely involved in the textile and property business. Swan is headed by Nikhil Merchant and his father-in-law, Navinbhai Dave, who acquired it from the Goenka group in 1991.

Swan Energy has also been a donor to the BJP – making small payments of Rs.2 lakh and Rs 50,000 in 2012-13 – though Merchant now denies this. “I have never ever given any political funding to the BJP,” he told The Wire in an interview.

Summary:

This means #Nikhil #Merchant has #Excellent connections with the ruling Bhartiya Janata Party (BJP) at the centre.

#Nikhil #Merchant of Swan 🦢 Energy is the Blue 🔵 eyed 👁️ boy of #Narendra #Modi. He has a clout in India Inc that he can get things done.

According to recent media reports, Swan Energy Ltd. (SEL), a conglomerate with interests in the infrastructure and oil and gas industries, recently paid Rs. 172.52 crore for a 55% stake in Veritas (India), a manufacturer of petrochemicals and petroleum products. This acquisition was made possible by the purchase of 1,47,45,720 equity shares at a price of Rs. 117 per share.

Swan Energy will conduct a mandatory open offer to purchase an additional 26% stake in Veritas (India) from the company's current public shareholders for a total of 87.83 crore at a price of 126 rupees per share.

The transaction will now be worth 260.35 crore in total. The purchase will enable Swan Energy's LNG complex to obtain gas for the second phase of its expansion by utilising Veritas (India) Limited's sectoral connect.

Polyvinyl chloride (PVC) and bitumen production are two more areas of Veritas (India) Limited's principal business. It has a terminal with a 170,000 MT capacity in Terminal Hamriyah, United Arab Emirates, in addition to its global footprint.

Veritas (India) has a net worth of 1,973.63 crore. Moreover, since Veritas (India) Limited is involved in the gas and petrochemical business and SEL is in the LNG sector, the acquisition will enhance Swan Energy's synergy in the oil and gas industry.

The company recorded $1,880.53 crore in sales for FY21. Veritas has a current capitalization of $306.04 billion.

Meanwhile, Swan Energy’s textile division that manufactures and markets cotton and polyester textile products in the country has expanded the capacity of its Ahmedabad plant to 3 million metres per month. The company wants to expand in brands and retail and penetrate in the export markets of Bangladesh, Vietnam, South Africa, Latin America, and the USA.

Talking to ET, Vivek Merchant, general manager, Swan Energy said the cost of cotton has come down and this will help Swan leverage its current export clientele by providing quality products at competitive prices and improve its market share globally. Cotton prices are set to weaken amid slackening demand and global recessionary fears.

Financials: Net Sales of Swan Energy came at at Rs.260.38 crore in June 2022 quarter, up 464.08% from Rs.46.16 crore in June 2021. Quarterly Net Loss flat at Rs.26.35 crore in June 2022 as against Rs.22.17 crore in June 2021. The EBITDA stood at Rs.7.86 crore in June 2022 quarter Vs Rs.9.78 crore in June 2021.

Swan Energy, established in Mumbai and having its roots in the textile industry, has successfully moved into the real estate and oil & gas sectors.

A 5 million metric tonne per year (MMTPA) floating storage and regasification unit-based LNG terminal has been built by the business in Jafrabad and will soon start operating commercially. Swan Energy has a market value of $7,678.67 billion.

Accumulate the shares of Swan Energy (Rs. 203.45) during market dips because the LNG terminal is anticipated to begin operations in December 2022. A 5 million metric tonne per year (mmtpa) capacity FSRU was constructed for about Rs.6,500 crore.

Swan Energy has already already entered into a regasification arrangement with Gujarat State Petroleum Corporation and Indian Oil covering the entire 5 mmtpa for 20 years.

FSRU is a vessel that helps in transferring LNG through oceanic channels. The natural gas that is transported through the sea in liquid form needs to be reconverted into the original gaseous state before being pumped out into the storage tanks, and the FSRU helps in this process.

#Both Reliance Power Ltd (Rs.13.50) and Suzlon Energy Ltd (Rs.7.65) came up with good set of June quarter numbers. Accumulate market dips. 

It is now expected that RTN Power Ltd (Rs.3.85) will also do well in the bourses. Keep accumulating in all dips.

#The stock of Vodafone Idea Ltd (Rs.8.85) is going great today. The much talked about 5G Mobile Telephony is likely to be a flop show due to exorbitant price tag. Meanwhile, Vodafone is witnessing an avalanche of acquisition of 4G clients. This is a very encouraging sign.

#My recommend B F Utilities Ltd (Rs.398), made a high of Rs.404.90. Book some profits and hold the rest with a SL at Rs.387.

#My recommended 3i Infotech Ltd (Rs.40.80) had also come up with reasonably good set of June, 2022 quarter numbers. The stock could spurt anytime soon. Keep watch.

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

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.

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#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 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

It seems the domestic bourses will ene the year in bullish tone. The BSE Sensex was seen at 58,347.35 up 553.03 points (+0.96%), While the Nifty is seen trading at17,384.30 up 180.35 points (+1.05%). The Bullishness is likely to continue in the indices, however the action will be seen mainly in the small and mid cap counters. Meanwhile, a report by Rahul Goel of Equity Master, spoke of the following:

"With our estimates showing that Indian stock markets could add wealth of almost Rs 200 trillion over the next decade."

"Because  for the first time ever…

Three forces are simultaneously converging to unleash a once in a generation wealth boom."

"And  while this revival  could positively impact every person in the country... YOU have the opportunity to turn this historic event into potentially millions of rupees by owning the companies at the heart of this revival."

His views also underpin, the bullish undertone of the domestic bourses.

💢 Dhanlaxmi Bank (Rs.14.75) - Hold with a SL at Rs.14.70. The next quarter results are expected to be good due to cutting down of provisions for bad loans.

💢 JBF Industries Ltd (Rs.20.70) -- The ARC has taken symbolic possession of the company. Hence, the company has nothing to worry about the debt. 

The ARC will pay around Rs.840 crore and is currently assisting in management (The old management is still in control of the affairs), till it is able to either sell it to a large conglomerate or effect a turnaround. 

The benefits, will however go to the ARC, till the whole loan amount is recovered. But this means the company is getting DEBT FREE, isn't it?

Hence, we can only expect positive from the company on the fundamental front, especially considering the robustness of the September, 2021 quarter results. 

By the way, the polyester fabric market is doing fine post easing of the lockdown restrictions, imposed due to Covid-19 Pandemic. 

Now, the point is when the debt is taken of care by an ARC and the lenders are set to give a 59% hair cut on the loans, then the deal becomes like Suzlon Energy Ltd (Rs.10.20), which has been hitting UCs since some time. The plants are operating at 70% of the Peak Capacity. 

We therefore,  don't need a Mukhesh Ambani, story to paddle the price of the scrip forward. Buy, the share in market dips for targets above Rs.100 (one hundred), as I'm expecting a vertical recovery from here. 

💢The share of BF Utilities Ltd (Rs.390) is consolidating around the current ranges, before the next round of upmove. When many stocks are making new 52 - week highs, we can also expect it to move above Rs.1000 (one thousand) in the coming months. 

It is not only into infrastructure development, through Nandi Infrastructure Corridor Enterprise Ltd (NICE) but is also into wind power. We know 2022, will be an year of renewable energy, due to NDA government's RE targets. The ace investor Radhakishan Damani holds 1.30% in the company.

It is a Dr.Babasaheb ("Baba") Neelkanth Kalyani company from the reputed Bharat Forge Group. Hence, we don't have to bother about its pedigree.

💢The stock of Bombay Rayon and Fashions Ltd (Rs.8.45) has hit another buyer Freeze, before the commencement of the AGM. The future trajectory of the scrip will hinge on the outcome of the AGM.

💢The stock of Generic Engineering Construction & Projects Ltd (Rs.38.50) has made an intraday high Rs.39.60. Generic Engineering Construction and Projects Ltd's total current outstanding order book stood at Rs.1,390.34 crore, as of May, 2021.

It is surprising that the stock is quoting at Rs.35.65. With this kind of order book any Mumbai based real estate company should trade near Rs.70/80. Buy in dips.

💢As expected the share of Shriram EPC Ltd (Rs.11) is doing fine. We can look for targets of Rs.35 in the coming days. The company is still under the management of the Reputed Shriram Group. 

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

The Sensex is now trading at 60,160.82 up 25.04 points (+0.04%), while the Nifty is seen at 17,954.70, up 8.75 points (+0.05%).  This is an improvement from morning market, which was trading in the red. The indices are likely to trade in a range while the action would shift to the broader market, especially in the Real Estate/Construction, Textile, Renewable Energy and Electric Vehicle 🚜🚑 segments. Photo: Tree Hugger

#Today's Recommendation: Buy the shares of B F Utilities Ltd at Rs.457, for targets of Rs. 504/Rs.540/Rs.611/Rs.767. SL: Rs.399. It is a reputed renewable energy player from the reputed Kalyani Group, a $2.5 billion diversified Indian multi-national business conglomerate. BF Utilities as it is a big land owner.  Kalyani Group works on multiple projects via its subsidiary Nandi Infrastructure Corridor Enterprises (NICE). Most of projects are running on Mysore-Bangaluru highway and are stuck. 

BF Utilities, which operates in the infrastructure segment, holds 74.52% stake in Nandi Infrastructure Corridor Enterprises, 69.53% in Nandi Highway Developers and 100% in Avichal Resources. It is a major player in the Wind Energy segment.

It is pertinent to mention here thatthe Ace Investor and billionaire Radhakishan Shivkishan Damani had, acquired 1.30% equity stake, or 4.91 lakh equity shares, in Kalyani group company BF Utilities during the quarter-ended June 30, 2020.

According to a report published in Zee Business NAV for company's land value at Rs.3800 per share. The Land bank value at Rs.2800 per share after factoring in discount.

Kalyani Group is an Indian multi-national business conglomerate with high technology, engineering & manufacturing capability across critical sectors such as Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure and Specialty Chemicals.

#The shares of Suzlon Energy Ltd (Rs.7.35) could consolidate around the current ranges, before taking the next upmove.

#The shares of Bombay Rayon and Fashions Ltd (Rs.7.30) is trading at an attractive valuation. Accumulate the shares of the company for some scintillating returns, going forward 

WINNING STROKES: THINK DIFFERENT

Photo: India Infoline

Unitech Ltd was recommended to the Premium Members and to those who trade through BMA Wealth Creators Ltd, yesterday at Rs.4-4.25, the stock hit the buyer freeze and closed at Rs.5.01. This is one of 4-stocks recommended yesterday to the Paid Members....one or two such stock will cover up your subscription charges or brokerage charges. If you have lost money in the stock market, collect some funds and come to me....I will help you to cover all your losses. You can reach me at: suman2005s@rediffmail.com/sumanm2007s@gmail.com. 

The stock of B F Utilities Ltd recommended yesterday at around Rs.346 for short term targets of Rs.357/Rs.391 rose to Rs.356.70 intrday before closing at Rs.. The rise in crude oil prices is likely to push up  the shares of Alternative Energy companies like B F Utilitites Ltd. 

Moreover, according to a media report, the NAV for company's land value at Rs.3800 per share Land bank value at Rs.2800 per share after factoring in discount. This is a  MUST BUY for medium to long term. The share price is expected to touch Rs.600 by the end of this year. 

The scrip of Vakrangee Ltd, seemed to be having dummy sellers from the start of the day, yesterday, which I mentioned in my Facebook post. hit the buyer freeze at Rs.34.05. The prospects of the company looks good according to my sources and you can accumulate for a short term target of Rs.51-52.

The stock of TV Vision Ltd was reiterated as a buy to the Premium Members in yesterday's morning mail, the stock moved to Rs.9.94 in the BSE, up more than 7%. For more such stock recommendations, you can join my Premium Service. 

If you are willing to do high risk intraday trading, I will give you an exposure upto 20 times your investing capital. This means for intraday trading in select stocks, if you have a base capital of Rs.10, 000 (ten thousand), I will allow you to trade upto Rs.2 lakhs per trade (buy/sell) through my brokerage house/s, i.e. BMA Wealth Creators Ltd (www.bmawc.com)  or Pace Stock Broking Ltd (whichever you want). 

If you can bring Rs.50, 000 which normally many traders do, you will get an exposure upto Rs.1 million or Rs.10 lakhs per trade, in select stocks only. 

Which means with mere Rs.50, 000 (fifty thousand) you can do a trading of Rs.1 crore or Rs.10 million in just 5 trades, in select scrips in Intraday. The brokerage is 5 paisa for intraday.  If you are making 0.1% (yes only 0.1%) per trade, then in 3 successful trades out of 5 (five), you can make: Rs.30000 (thirty thousand) per day or around Rs.6 lakhs per month, with a base capital of only Rs.50,000. My brokerage house will provide you FREE INTRDAY CALLS. 

Market Pulse

Key benchmark indices edged higher in early trade tracking positive global cues. The S&P BSE Mid-Cap index rose 0.39%, under-performing the Sensex. The S&P BSE Small-Cap index advanced 0.62%, outperforming the Sensex. The market is not expecting a deep correction, so every dip is a buying opportunity.

Overseas, Asian stocks edged higher following strong finish on the Wall Street on Friday. US equities closed higher on Friday, 8 December 2017, following the release of a stronger-than-expected jobs report. The US economy added 228,000 jobs last month, according to the Bureau of Labor Statistics. The unemployment rate held steady at 4.1%.

Closer home, the breadth, indicating the overall health of the market, was strong. On the BSE, 1,158 shares rose and 309 shares declined. A total of 69 shares were unchanged.

Axis Bank rose 1.39% at Rs 550 after the bank said its shareholders have given an approval to a proposal to raise equity and equity-linked capital of Rs 11626 crore from a set of marquee investors including entities affiliated with Bain Capital Private Equity, other investors advised by Capital Research and the bank's promoter, Life Insurance Corporation of India (LIC). The announcement was made after market hours on Friday, 8 December 2017.

UltraTech Cement advanced 1.73% at Rs 4,225.85 after the company said that its board at a meeting held on 9 December 2017, approved the setting up of a 3.5 MTPA integrated cement plant at Pali, Rajasthan, at an investment of around Rs 1850 crore. Commercial production from the plant is expected to commence by June 2020.

The board also approved a proposal for an increase in the investment limits by registered foreign portfolio investors (RFPIs) including foreign institutional investors (FIIs) from the existing limit of 30% of the paid-up equity share capital upto 40% of the paid-up equity share capital of the company. The announcement was made on Saturday, 9 December 2017.

Power Grid Corporation of India (PGCIL) was up 0.44% at Rs 203.80 after the company said its board at a meeting held on 8 December 2017, accorded approval for two investment proposals aggregating to Rs 268.53 crore. The announcement was made after market hours on Friday, 8 December 2017.

Indiabulls Housing Finance fell 0.22% at Rs 1,204.60. The company said that it has sold its 100% shareholding in Indiabulls Life Insurance Company, presently a non-operational company with no business or license, to SORIL Holdings and Ventures (SHVL), at face value for an aggregate cash consideration of Rs 5 lakh. This transaction between the company and SHVL, being related parties, is at arms' length. The announcement was made on Saturday, 9 December 2017.

Among other news, Gujarat recorded a polling of 68% in the first phase of assembly elections for 89 assembly constituencies held on Saturday, 9 December 2017. The second phase polling will take place on 14 December 2017 in 93 assembly constituencies. Counting of votes will take place on 18 December 2017. The Gujarat assembly has 182 seats.

Today's Calls:

#P C Jewellers Ltd recommended at around Rs.396, last Thursday, reached both the targets (intraday high Rs.432.70).  Book Full Profits.

#Gujarat Narmada Valley Fertilizers & Chemicals Ltd recommended last Friday at Rs.465-467. Book PARTIAL PROFIT around Rs.473 (Intraday high: Rs.474.30).

#INTRADAY Buy Bata Ltd at around Rs.740, SL: Rs.729,  Target: Rs.753. Exit at the CMP of Rs.741-742. Call Closed.

#Jai Balaji Industries Ltd (Rs.21) has hit the upper circuits, on the news that most lenders have sold loans of BILT and Jai Balaji to ARCs. Hereto, this stock which was recommended around Rs.12-14, has given superb returns to the investors, throwing mud on the faces of naysayers.

#Buy Shilipi Cables Ltd at around Rs.13.30, for targets of Rs.17-19. After the positive news on Jai Balaji Industries Ltd, the market is optimistic about the debt restructuring of this company.

#Buy Aurobindo Pharma 700CE (CMP: Rs.15.50) on intraday declines at around Rs.15.0-14.50, SL 12; T: Rs.20-23. Book PARTIAL PROFIT at around Rs.17.75....

#B F Utilities Ltd which I recommended at around Rs.130, today touched Rs.485. Now if B F Utilitity Ltd is moving up on the government of India's auction buzz, can Suzlon Energy Ltd (Rs.14) be far behind? Accumulate the shares of Suzlon Energy Ltd on every intraday decline. Or the investors should buy and hold.
Meanwhile, Inox Wind expects order inflows to normalize from next quarter (Q3) onwards and execution to pick up from Q4. Suzlon Energy pegs the market to expand to about 6,000 megawatts (MW) in the next fiscal year. For perspective, India is estimated to add 1,000-1,500 MW of wind capacity this fiscal year, compared to 5,400 MW last year. India has lined up an ambitious plan to award 100 gigawatts (GW) of solar and wind contracts by March 2020.
Also, there are news reports that State-run Solar Energy Corporation of India (SECI) has floated tender for setting up 2 GW inter- state transmission system (ISTS) connected wind power capacities across the country. The company has invited proposals for setting up of ISTS connected Wind Power Projects in India, on 'Build Own Operate' basis for an aggregate capacity of 2000 MW, as per the tender document. Thus the Process has already commenced......
Advantage Suzlon Energy Ltd (Rs.13.85), B F Utilities Ltd (Rs.478) and Inox Wind Ltd (Rs.145.55)....

#The stock of Unitech Ltd (Rs.8.35) which was recommended repeatedly in this blog starting from around Rs.5-6, is buzzing since yesterday, after the media reports came  out saying that the National Company Law Tribunal (NCLT) has allowed the government of India to appoint 10 directors on the board of debt-ridden realty firm Unitech Ltd. However, the stock price which touched Rs.8.70, may not go too further as nothing on the table happened, as of now. The stock hit the 20% yesterday on positive sentiment built up. Therefore, book profits before the euphoria dies down and then wait for the dips to enter again, just as you did in case of Jai Balaji Industries Ltd.

#The Risk taking traders can buy Uttam Galva Steels Ltd at around Rs.23.70, for short term targets of Rs.29-31. Bankers are looking to speed up the resolution of 28 accounts including Videocon Industries Ltd, Jaipraksh Associates and Uttam Galva Steel as a December 13 deadline looms. The resolution for Uttam Galva Steel, BILT, Jai Balaji, Jayaswal Neco, Soma Enterprise and Anrak Aluminium is either done or is in the final stages, bankers said. Lenders said that in some of these cases banks have either sold the loans to asset restructuring companies (ARCs) or settled them with the promoters.

#Intraday Buy Zinc at around Rs.199.80, SL below Rs.198.90, T: Rs.201.50.

#Intraday Buy Copper at around Rs.425, SL below Rs.423, T: Rs.428..

Nifty 50:
#Demand Levels: 10235/10195
#Suppy Levels: 10300/10335

Bank Nifty: 
#Demand Levels: 25266/25230
#Supply Levels: 25400/25500

~~ with inputs from Capital Market - Live News

Market Pulse

The Key indices trading with tiny gains in morning trade. The BSE  Sensex is now trading at 33,579.66 up 18.11 points (+0.05%), while the NSE  is now trading at 10,351.75 up 9.45 (+0.09%) points amid mixed Asian cues.

On the macro front, in order to review the Income-tax Act, 1961 (the Act) and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government yesterday, 22 November 2017, has constituted a task force with Arbind Modi, Member (Legislation), CBDT-Convener. Dr. Arvind Subramanian, Chief Economic Adviser (CEA) will be a permanent special invitee in the task force. The terms of reference of the task force is to draft an appropriate Direct Tax Legislation keeping in view; the direct tax system prevalent in various countries, the international best practices, the economic needs of the country and any other matter connected thereto.

Overseas, Asian stocks were mixed. In US, the S&P 500 index and the Dow Jones Industrials Average ended slightly lower yesterday, 22 November 2017, maintaining a soft tone after the Federal Reserve minutes indicated that an interest-rate hike is likely but the pace of future tightening could be more moderate than expected given muted inflation. The Nasdaq Composite Index bucked the broader trend to finish at a record, logging its third gain in a row.

The Fed viewed a “near-term” increase in interest rates as possible but central bank officials also expressed concerns about persistently low inflation, hinting that the bank may dial back its rate increases in 2018. The minutes also showed that several members worried that keeping interest rates too low could create a financial bubble.

US durable-goods orders fell 1.2% in October. Excluding transportation orders increased 0.4%. Initial jobless claims a tool to measure US layoffs, fell by 13,000 to 239,000 in the week ended 18 November. The University of Michigan's latest read on consumer sentiment came in at 98.5, topping expectations.

#Today RCom Ltd touched Rs.14.10, intra-day, which is an excellent opportunity to exit the counter. I still maintain sell on rise strategy on Reliance Communications Ltd, with no visible sign of takeover by the giants in the industry, at least in the short term.

#Today Jai Balaji Industries Ltd touched Rs.14.25. It is now a takeover candidate, after Bhusan Steel Ltd (Rs.74). I am looking for a medium term target of Rs.31-32, as the steel sector gathers momentum.

#B F Utilities Ltd today touched Rs.546,95, intra-day. You can book 75% of profits and hold the rest with a SL of Rs.522. The stock has a strong resistance around Rs.545-553 band.

#SKM Egg Products Ltd today touched Rs.106.45 and is now trading at around Rs.102.40. You can keep holding as long as Rs.96 is not broken on the downside. The egg prices have maintained their uptrend, and this positive effect will be seen in Q3FY18 results.

#Gitanjali Gems Ltd recommended around Rs.66-67, last month today touched Rs.86.45 and is now trading near the days high. You can hold the stock, with a SL of Rs.81, for targets of Rs.87-91. 3rd and 4th targets of Rs.87 & Rs.91 respectively, has been achieved in case of Gitanjali Gems Ltd as it made an Intraday high: of Rs.92.35. Book complete profit and wait for dips  to enter again.

#Yesterday, a buy call was given on Shilpi Cable Technologies Ltd (Rs.14.90) at around Rs.14.45, mentioning that the correction might be over. Today the stock touched Rs.15.15, intra-day. You can still add on declines with short term targets of Rs.17-19.

Today's Calls:

1. Buy GSFC Futures on declines around Rs.142- 142.50, SL below Rs.139.50, T: Rs.146. Book Profit around Rs.144.

2. TATA ELXSI recommended yesterday around Rs.947 has touched Rs.965 -- Book Part Profit.

3. Buy Chennai Petro around Rs.426, SL: Rs.417, T: Rs.441 on T+2 basis.

4. Buy A2Z Infrastructure Ltd at around Rs.37.50-38, for short term targets of Rs.41-42. Book Partial Profits at around Rs.39.50 and hold the rest with a SL of Rs.37.

5. Intraday SHORT COPPER at around Rs.448.80, SL above Rs.451,  T: Rs.445.30 [Risky Call].  Book Partial Profit in Intra-day SELL call on Copper, CMP 447.20. Trailing SL above Rs.448.80.

6. Buy TVS Motors (CMP: Rs.734.55) on declines around Rs.731-732, SL below Rs.723, T: Rs.746-752. It reached Rs.730.50 intra-day, after recommendation. Hope you have entered the scrip. Book Full Intraday profit at Rs.737.40.

7.  BTST/T+1: Buy ZEE Limted at around Rs.564.50, SL: Rs.554, T: Rs.578-584.

-- with inputs from Capital Market - Live News

Market Pulse

Indian market opened higher on firm Asian cues and is still maintaining that trend. Sensex is now trading in the green, though in between the stocks pared gains and slipped into the red. Overseas, Asian shares joined the global rally as strong world growth and rising corporate profits lured hordes of investors into equities. US stock-market indexes ended at records and near session highs yesterday, 21 November 2017, finding support on another round of strong earnings, with technology shares leading the way. The Chicago Fed national activity index rose to 0.65 in October from 0.36 in September. Sales of previously-owned homes jumped to a seasonally adjusted annual pace of 5.48 million in October. Meanwhile, Steel-dependent metal nickel posted early gains on Tuesday in both Shanghai and London markets in step with a stronger showing in Chinese steel futures.Nickel is chiefly used in making stainless steel.
I am of the belief that Moody's rally would continue for some more days, as the NDA government continues with its reform agenda. The the BSE Sensex is now at 33,523.23 up 44.88 points (+0.13%) and NSE is at 10,330.50 up 3.60 points. (+0.03%).

Today's Calls:

• Intra-day: Sell Chennai Petro at around Rs.411.50, SL: Rs.418, T: Rs.402-399.
• Buy Tata Motor Futures at around Rs.432-433, SL below Rs.428, T: Rs.438.
• Buy Cummins at around Rs.855, SL: Rs.846, T: Rs.872-879, on T+1 basis. Book part profit at Rs.867...
• Buy Tata Elsxi at around Rs.946-947, SL: Rs.920, T: Rs.975-985, on T+4 basis.

The stock of SKM Egg Products Ltd (Rs.100.40), which rose from the recommended price of around Rs.78-79 to more than Rs.115 in just 2 days, is currently consolidating. In the last one month, egg prices in the country recorded a huge jump, soaring as much as 40%. Every year, egg prices moves north due to increase in demand, during the winters; however, the rise has been phenomenal.Those who are still holding the shares should put a strict SL at Rs.96. I had asked for profit booking at around Rs.115.

The investors can buy the shares of Jai Balaji Industies Ltd at around Rs.13.50 (BSE) for targets of Rs.29-31, in the medium term. It is now a takeover candidate by established players. Moreover, with June quarter revenue of Rs.538.65 crore, Market Cap of only Rs.130.60 crore and loss trimming down to Rs.38.04 crore against Rs.55.14 in Q2FY17, I feel the stock is a good investment play on the Indian infrastructure sector.

The stock of B F Utilities Ltd, which I recommended on 23 August, 2013 at around Rs.129-130, today touched Rs.527. Congratulations to the long term investors, who are still holding the scrip.

The stock of HDIL, which was recommended few weeks back at around Rs.52-53, is now consolidating above Rs.62, for the next round of upmove. The share recently touched Rs.66, before  correcting a bit. The next targets for the scrip is Rs.72, if it manages to close above Rs.67.50.

Buy the shares of Shilpi Cable Technologies Ltd at around Rs.14.45, for targets of around Rs.17-19. Since some days, the telecom stocks are doing well. The short term correction in the scrip seems to be over.

The scrip of Gammon Infrastructure Ltd, which was recommended around Rs.2.90 is doing well today and is now trading at around Rs.3.15. Gammon Infrastructure is a subsidiary of the infrastructure major Gammon India Ltd (Rs.6.87). If you are not comfortable with Gammon Infrastructure Ltd, then you can opt for the the shares of parent company, Gammon India Ltd -- Buy on market dips.

Crude Oil prices rose on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a prolonged OPEC-led production cut also offered support. Those who have invested in the shares of shares of Aban Offshore Ltd at around Rs.191 (CMP: Rs.202), can keep holding  for short term targets of Rs.207-209. SL: Rs.96.

Gitanjali Gems Ltd (Rs.80.50) recently recommended around Rs.67, today touched Rs.84.55. Those who are still holding the scrip can book 80% profit and hold the rest with a SL of Rs.78, for the next logical target of Rs.87. Gitanjali Gems Ltd was recommended many times earlier too, below Rs.50. You can search my blog, for previous recommended prices of Gitanjali Gems Ltd.

You can buy the shares of J P Associates Ltd at around Rs.19, for short term target of Rs.21. If it manages to close above Rs.22, in the next couple of days, then we can look for target of Rs.25-26.

DO YOU KNOW?

B F Utilities Ltd, which was recommended around Rs.129-131, made a 52-week high of Rs.890, on 10th March, 2015. The scrip today closed at Rs.775.20. 

The risk taking investors can still hold the shares of the company for a target of Rs.920, keeping a SL of Rs.660. The stock gave a superb return of more than 6 times in just one year. 

 FIIs’ favourites turn turtle on sell-off

[Editor: I feel it is not true that the FIIs have increased their stake in Anant Raj Ltd and it is because of this factor, the scrip fell. In fact both the FIIs and DIIs have decreased their stake marginally in Anant Raj Ltd according to the latest shareholding pattern put up in the Bombay Stock Exchange website. It would not be an exaggeration to mention here that many of the companies where FIIs have actually increased their stake like Amara Raja Batteries, Aurobindo Pharma, Dr.Reddy's, Hathway Cable, Persistent System, LIC Housing Finance, Torrent Pharma, Zee Enterprise. etc. did not go for such massive selling as compared to Anant Raj Ltd nor are they trading near their 52-week low price. Moreover, the point to ponder is that, the stock of an A-group company cannot fall near its 52-week low price,  after coming up with such brilliant September, 2014 quarter numbers unless and until there is a foul play somewhere; which the regulator/s failed to detect till now. I again reiterate, there must be some game going on somewhere which the regulator/s could not detect till now, in case of Anant Raj Ltd. This is the most unfortunate part of regulation, of the Indian bourses. The Delhi-based firm Anant Raj Ltd has 11 hotels, out of which, 6 hotels are completed while 5 other hospitality projects are under construction. Anant Raj leases its commercial properties -- office, shopping malls and hospitality projects -- to obtain steady cash flows. It has also leased out some of its hotels to hospitality firms - Mapple Group and Royal Orchid. Among major projects, the company is developing a township spread over 160 acres in Gurgaon, with an expected sales realisation of Rs.5,900 crore over the next 3-5 years.]
January 6, 2015: It was a black Tuesday for Indian equities, as the country’s benchmark indices — Sensex and Nifty— nosedived over 3 per cent in trade. The sell-off was broad-based with 474 stocks out of the CNX 500 Index declining. Two-third of the stocks that fell were those in which FII holding (as of September 2014) was higher than the year-ago period.

Realty worst hit

Among those that fell the most were real estate stocks, which were FII favourites in 2014. DB Realty plummeted 8.7 per cent. Foreign institutions had upped their stake in this company from 5.79 per cent in September 2013 to 9.11 per cent as of September 2014.

Likewise, the stock of Indiabulls Real Estate, which saw buying interest from FIIs in 2014, fell over 7 per cent. As of September 2014, foreign institutions held 28.93 per cent stake in the company, 3.2 percentage points more than in September 2013. 

Other realty stocks which were bought by FIIs in 2014 and figured prominently in the losers’ list include HDIL and Anant Raj Industries. Both stocks lost in excess of 6 per cent on Tuesday.

There were big losers in other sectors, too. The stock of garment manufacturer Arvind, in which FIIs had raised stake to 23.5 per cent by end-September 2014, from 15.7 per cent in September 2013, lost 6.7 per cent.

Likewise, the stock of J Kumar Infra Projects, wherein the FII holding almost trebled to 17.9 per cent as of September 2014 from 6.17 per cent in September 2013, lost 6.5 per cent.

Other FII-favoured stocks that gave up gains include BF Utilities (6.6 per cent), Tata Sponge Iron (6.2 per cent), Hotel Leela Ventures (6 per cent) and Bharat Forge (5.7 per cent).

Vulnerable to trends

The free fall in crude oil and subsequent strain on oil-based economies not only poses a risk to incremental FII flows into India but can also trigger profit-booking by foreign institutions. The stocks of companies that are heavily owned by FIIs may be more vulnerable to negative global developments.

Which are they? HDFC tops the list; FIIs held 77.85 per cent in the company as of September 2014. FIIs owned more than half of Zee Entertainment’s equity. Other companies in which FIIs had more than 45 per cent of the total equity include Shriram Transport, IDFC, Hubtown, Axis Bank, United Phosphorous, YES Bank and KPIT Technologies.

Courtesy: The Hindu Business Line

WINNING STROKES: THINK DIFFERENT

Pipavav Defence and Offshore Eng Ltd, a Nikhil Gandhi company hit the 3rd consecutive buyer freeze today. The stock was recommended around Rs.38.75, a few weeks back. The scrip after giving a break out is moving up continuously; today it closed above its 21D SMA and EMA. 

Gitanjali Gems Ltd was given a buy call today at Rs.61.90, after my sources confirmed of its bright future outlook. The company has taken a number of measures to revamp its operations. Besides, falling international gold prices and the subsequent correction in India, could give a surge in demand for the yellow metal. Some analysts expect, that gold prices this Diwali could hit 3 year low. In May 2014, RBI eased import restrictions on Gold. The central bank permitted private agencies and banks to provide gold loans to the sector. But, the government has not lowered the import duty which is at 10%. According to The Indian Express, October 12, 2014:

Much to the delight of jewellers, Indian consumers are making a scramble for gold in the build-up to Diwali on October 23 after a lacklustre festive season last year.

Sales of gold jewellery and coins in October so far have accelerated in the range of 15-25 per cent more than a year before, although it is still early to firm up a precise forecast of demand this Diwali and Dhanteras, considered auspicious for the precious metal purchases. “After months of slowdown, things are finally beginning to look up,” a spokesperson for Tanishq, the country’s largest jewellery chain, said. “All the purchases that people had postponed are finally being made,” he said, adding that lower gold rates in recent days had helped accelerate demand.

B F Utilities Ltd, which was recommended around Rs.129-130, today closed at  Rs.647.15, up 18.31%. Intra-day, it hit the Upper Circuits at Rs.656.40. The stock earlier hit an all time high of Rs.817.95, in between.

IVRCL Ltd as was expected did  not break Rs.16, on the downside--some inputs were sent to the PAID GROUPS yesterday. Now, with September CPI inflation declining to 6.46% and vegetable inflation falling to 8.59%, the scrips in the infrastructure/road construction sector, could stage a comeback. 

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. 

Market may see some technical rebound on Monday: Jayant Manglik ?

[Editor: On last Friday, I have already given a buy on Nifty_Futures from the support levels. Investors should start investing funds in the markets as of now, because going forward, the fundamentals of the economy is expected to improve. Also, any loss which you made earlier, can be covered up in just few trades. For example look at the the share price of B F Utilities Ltd (Rs.412.90), which closed at the Upper Circuits on last Friday even though the Indices tanked. If you remember, it was recommended around Rs.129-130, only few months back. In a similar way, money can be made over a period of time, through many such scrips---what is needed is only patience and expert hand]

Indian markets settled 1% lower on Friday as weak IIP and higher retail inflation raised concern over possible rate hike on December 18. In addition, concerns over possible Fed tapering in December also weighed on the investors' sentiments. Banking, power and realty stocks led the fall in the market.

At the close, the benchmark 30-share index, BSE Sensex declined 210.03 points or 1% at 20,715.58 with 24 components registering drop. Meanwhile, the broad based NSE Nifty fell by 68.65 points or 1.10% at 6,168.40 with 46 components posting drop.

Commenting on the outlook, Jayant Manglik, president-retail distribution, Religare Securities said, "On the last trading session of the week, Nifty was seen struggling from the beginning and kept the negative bias intact till the end. It was seen as reaction to double whammy of contraction in IIP and surge in Consumer inflation. Moreover, sentiments also remained dampened after RBI Governor Raghuram Rajan showed concern over rise in inflation and weak industrial growth and vowed to adjust the credit policy carefully. 

Due to successive decline in the last four sessions, we may see some technical rebound on Monday especially in oversold positions. The immediate support at 6100 in Nifty strengthens our stance. 

The recent decline in Midcap and Smallcap segment has somewhat pushed the retail investors on their back foot again. However, we are advising our clients to keep a slightly longer investment horizon and accumulate quality stocks irrespective to these corrective phases." 

Courtesy: www.myiris.com

WINNING STROKES: THINK DIFFERENT

B F Utilities Ltd recommended around Rs.131-132, today hit the buyer freeze at Rs.230.60. However, I got many of your mails that you missed the counter.  Yes, this counter is always unpredictable and very volatile, so it is always risky to put safe money here. Those who have bought the scrip are lucky and now should book profits. 

Today, to the surprise of everyone, Future Retail Ltd (Rs.71.95) crashed in the bourses and closed below some of its key moving averages (but still 21 DSMA > 50 DSMA). I immediately called on the sources, to find out if there is something untoward happening, but all confirmed nothing of that sort. Therefore, it is widely felt that the shares of Future (Pantaloon) Retail Ltd. probably reacted to the bad results of its group company, Pantaloons Fashion Retail Ltd (BSE Code: 535755) but what they forget to see is that while in Future Retail Ltd the PROMOTERS HAVE INCREASED THEIR STAKE / HOLDINGS in the September, 2013 quarter, from the June, 2013 quarter, the same was not seen in the latter, though there was a minuscule rise in the FII holding, speaking sequentially. Therefore, street is of the belief that this fall is artificial and the stock should recover, in the coming days and a target of Rs.91-92 cannot be ruled out; provided Q2FY14 results are not too dismal. IDFC Securities Lt says in its results preview for the September, quarter, "The results for Future Retail will only reflect the value retail piece (Big Bazaar and Food Bazaar, Home Town, E-zone) and hence not comparable. We expect about 8%, like-to-like growth for the entity led by strong sale season in July and August".
Today Manappuram Finance Ltd (Rs.15.73), hit the upper freeze after the news of buoyancy in gold prices, were published in Economic Times. But, it is doubtful how long will this rally survive in the counter, after RBI put up lot of barriers in the business of Gold Loan Companies. Besides, even if the RBI does not go for a Repo rate hike, still it will not be positive for the Banks and NBFC sector--the move can at best be said sector-neutral. Therefore, take your decisions accordingly. However, if anyone is betting for the long term then this is an idea scrip. Having said, this I would like to point out that then you need to define your long term, because there are scrips, listed in the BSE, which are near their all time lows evem today, after the historic crash of 2008. 
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