Market Mantra

In the afternoon trade, the domestic equity benchmark indices reached new intraday highs. The Nifty is currently trading at 19163, up roughly 190.90 points and is hovering around the 19,150 levels. European markets rose, while most Asian markets traded in the green. In this bull market most stocks are likely to rise up. Photo: Swaraja.com

The Nifty and the Sensex hit all-time highs in afternoon trade at 19,160.10 and 64,593.74, respectively. Meanwhile, the Nifty_Bank Index also registered its fresh record high at 44,758.45. 

In an intersting development according to RBI's latest Financial Stability Report, the asset quality of the MSME portfolio of all SCBs showed improvement during FY23 with the gross NPA ratio nosediving from 9.3% in March 2022 to 6.8% in March 2023. At this juncture you need to be patient, pick up good beaten down stocks during market dips and hold on to your positions with appropriate stop losses.

#Today most of the stocks in the Adani pack came under pressure around 3.20% of the equity of Adani Transmission Ltd (Rs.769) changed hands on a block trade in Friday morning at an average price of Rs.795 apiece, taking the total value of the transaction to Rs.3,103 crore, according to exchange data published by CNBC TV18 website.

In another Development, last month, Mahen Kumar Seeruttun, the minister for Financial Services and Good Governance in the Mauritian government, said a company from overseas needs to carry out its core income-generating activities in, or from, Mauritius, as required under the Income Tax Act. Rejecting the claims made by Hindenburg Research, Mauritian Parliamentarian, called the claims of the presence of Shell companies of the Adani Group in Mauritius, to be “false and baseless". The short-seller, Hindenburg in its report, alleged the presence of Adani Group's shell companies in Mauritius, UAE, and the Caribbean islands.

Post Hindenburg torpedoes, the Adani Transmission Ltd's shares are trading at over 80% discount from their 52-week high of Rs.4,236.75. This implies that the stock must surge 5x - times from the CMP to achieve this level. Today's deal was executed at ~Rs.795 which means the share should close above this price. You need to accumulate during market declines.

#The stock of PC Jewelers Ltd (Rs.26.35) today rose to Rs.26.70. The festival season has kicked off with Bakri Eid, and is likely to continue till Christmas, followed by marriage season. You need to buy the shares of Jewellery and Apparel companies and hold at least till Deepawali. 

#The shares of NDTV Ltd (Rs.227.60) today moved to Rs.333.95. It is now an Adani group company. Adni Group acquired Pronnoy and Radhika Roys' stake in NDTV Ltd at the price of Rs.342.65 per share.

#The shares of Nahar Spinning Mills Ltd (Rs.271.25) is hovering around the price band of Rs.267 - 292. However, the ensuring festival demand is likely to push the scrip above Rs.300. You need to buy and keep holding. It is one of the top textile companies in India.

 Market Mantra

In early afternoon trade, the benchmark indices extended their advances and set a new record high -- the Nifty 50 index reached an all-time high of 18,982.05 while the Sensex reached an all-time high of 63,948.84. Photo: Just Dial.

Meanwhile, this trend was seen in broader market too with the S&P BSE Mid-Cap index rinsing 0.39% while the S&P BSE Small-Cap index gaining 0.30%. The market breadth was strong. On the BSE, 1,866 shares rose while1,471 shares fell. A total of 157 shares remained unchanged. The benchmark indices are now expected to trade flat while the action is likely to be seen in the small, mid and micro cap spaces. 

#Buy the shares of NDTV Ltd (Rs.229.70) near the CMP for short term targets of Rs.251/Rs.306. SL: Rs.209. Adani group holds a whopping 64.71% stake in NDTV Ltd. 

It is well known that the Adani has established itself in several Industry verticals, including airports, renewable energy, mining, and data centres, to name a few. Adani has recently widened its horizons to include the media and entertainment sectors, and has chosen the news institution New Delhi Television Limited (NDTV Ltd) probably to help it realise its objective.

Without a question, NDTV has a large digital and offline customer base. As a result, NDTV's massive consumer base, combined with the Adani Group's massive resources, has the potential to revolutionise the media and entertainment industries. Accumulate!!

#Buy the shares of PC Jewelers Ltd (Rs.26.15) near the CMP for short term targets of Rs.31/32.

#The share of RTN Power Ltd (Rs.4.85) which made a new 52 - week high yesterday came in for profit booking. The stock is likely to stabilize near Rs.4/4.30, where Accumulation can be initiated. I have repeatedly asked you to accumulate the scrip when it fell to near Rs.3, citing the reason as improved Fundamentals and the promoters looking to refinance the high cost debt. Congratulations to those who bought the share at those prices and made hefty gains.

#Accumulate the shares of D B Realty Ltd (Rs.75) near the CMP. According to earlier news reports, it is on the radar of Adani Group. The stock should give decent returns from here.

#Keep Accumulating the shares of Adani Group companies, especially Adani Enterprises Ltd (Rs.2373.10) and Adani Transmission Ltd (Rs.805.50). Both will give you good returns over a period.

#Hold the shares of Piramal Pharma Ltd (Rs.90.65) for targets above Rs.100. The company is expected to show good performance in Q1FY24. 

#Accumulate the shares of FCS Ltd (Rs.2.10) for targets over Rs.5/6. This is Re.1 Face Value scrip.

The website of FCS Software Ltd says: One of the simplest methods to begin using AI into your organisation is to deploy AI-powered chatbots to handle all customer-facing tasks such as orders, servicing, helpdesk, and so on. These chatbots will be able to deliver real-time information to clients while also interpreting their queries in any language in a very human-like manner.

Tit - bits

Yesterday, (Wednesday) the Indian markets were

Photo: Moneycontrol.com

totally under the control of the bulls.  The BSE Sensex closed at 41,565.90 up 349.76 points (+0.85%), while the Nifty ended at 12,201.20 up 93.30 points (+0.77%). 

However, the market breadth was in favour of bears, indicating caution ahead of IIP and CPI data announced later in the day (Wednesday).

The retail inflation in January rose to 7.59% against 7.35% in December, while industrial output contracted 0.30% in December, against a growth of 1.80% in November. This means, the unrealistic run which is continuing in some of the FMCG counters at ridiculous P/Es, is likely to end soon. And money, from these over valued FMCG stocks would soon enter,  the other beaten down counters from sundry sectors. 

#Now coming back to the budget once again, we saw fiscal stimulus to our economy in the form of  allocating more funds towards rural India, reducing taxes, and abolishing Dividend Distribution Tax (DDT) to boost growth.

Against the backdrop of stagnating Agri income and rural demand shrinkage, the government has provided Rs.1.3 lakh crore for agriculture and farmers’ welfare, which includes an allocation of Rs.615 bn to rural employment scheme (NREGS), of Rs.195 bn to rural roads (PMGSY) and Rs.275 bn towards rural housing (PMAY-G). 

Moreover, while the NDA government has elevated the Food subsidy budget for FY21 by 6%, the Fertilizer subsidy budget for FY21 has been reduced by 11%, which is likely to cause some working capital stress for fertiliser companies; as the NDA government never delivers the subsidy on time to the fertilizer companies, adding to the problems. Besides,  the price of urea has not been raised since more than a decade,  compounding the owes of the fertiliser manufacturers. 

Anyway,  the sectors which are likely to a get positive effect due to government's rural push are: tractors and other Agri equipments, agrochemicals, NBFCs and FMCG companies focussed more on the rural space, select consumer discretionary companies having a rural presence, home appliances, and consumer durables.

This year’s superb Rabi output coupled with good farm prices should help improve rural income and boost rural consumption; kicking up the overall GDP.  I'm positive on the markets in the short term. However,  having said that, I feel there are chances that, spiking up of inflation and a shrinking IIP could spoil the Bull party.

#Yesterday, the stock of HSIL (Rs.58.15), which was recommended in this blog, around a couple of days back at around Rs.53, made an intraday high of Rs.58.60. You can book some profits, and hold the rest with a SL at Rs.57.

#Yesterday,  I bought two shares for my portfolio investors. One of them is one of my old favorites, P C Jewelers Ltd, which touched Rs.21.45 intraday on Wednesday, before closing at Rs.20.95, up 17.04%. The name of the other share will also be disclosed soon in this blog.

#In another development, I have decided to manage those Demat accounts of investors/traders, which have a portfolio size of more than Rs.5 (five) lakhs. 
From, Saturday, this week I will discontinue the earlier Rs.3/5 Lakh profit sharing scheme; as I'm unable to look after too many of them, at the same time. However,  existing ones will be there.. It is regarding fresh offer from clients.
Also,  those investors who are ready to take a little risk in exchange of good future returns, should send me mails. Others, can either try on their own or look for bank FDs. Those are not willing to risk capital erosion of their portfolios in case of a mishap, should invest only in debt schemes -- equity is not for them. The profit sharing ratio is 70:30 in general casis,  between you and me. 

#Two BTST shares recommended to the Premium members were:

1. BTST - Buy Adani Enterprise Ltd at around  Rs.249.60, T: Rs.255 - 262, Rs. 244.70.
2. BTST - Buy IGL at Rs.521, T: Rs.528 - 537, SL: Rs.512.90.

#Today,  there is a report in ET,  that the beleaguered private sector bank, Yes Bank Ltd (Rs.35.20) which is engaged in fundraising exercise, said it has received non-binding expressions of interest (EOI) from investors including JC Flowers, Tilden Park Capital, OHA UK and Silver Point Capital.
So,  this could give rise to speculative buying in the scrip on Thursday, taking it near Rs.37. However,  if you know the art to swiftly enter and exit a countert, then only you can play; otherwise avoid. I caution you because we have seen such repeated announcements by now defunct, Reliance Communications Ltd (Re.0.70). 

#Yesterday, the capital goods giant BHEL broke the immediate support and made an intraday low of Rs.35.80 (52 - week low),  before closing at Rs.36.35, in the NSE; after it came out with a disappointing set of numbers for the December quarter. If you remember, I asked all to exit the scrip of Bharat Heavy Electricals Ltd,  when it hit the SL. 

Tit - bits

The scrip of Titan Company Ltd is up 1.29% to 1194.50. Soon this rally is expected to spread to

Photo: Financial Express

other counters in the same space. 

It is pertinent to mention here that Indian jewellery demand during Q2FY20 was at 101.6 tonnes, almost a third lower, YoY due to weaker consumer sentiments. There was a decline of nearly 51% in Indian bullion imports on QoQ basis -- a clear case of a cut in Gold import duty to around 6 - 8% from the current 12.50%.

While, the commerce minister, Piyush Goel has been requesting the FMO since some time, to cut the gold import duty to 6%, the jewelry association wants it be 5%.

If Nirmala Sitaraman, considers their cases, then we will see a huge rally in the Jewellery stocks.

My favourites: Titan Co Ltd (Rs.1179.25), TBZ Ltd (Rs. 36.50) and PC Jewelers Ltd (Rs.22.35).

P C Jewelers Ltd (Rs.22.35):-
At the end of FY19, 4,000 designs (15,000+ products) from 60 showrooms across 15 states, were made available online, under same day shipping facility. This has helped the company to reach out to a wider audience.
Company is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond studded jewellery and silver items and operates in different geographical areas i.e. domestic sales and export sales.
As part of its consolidation / rationalisation process and to gain operational efficiency, the Company has closed / shifted / merged some of its existing showrooms during the year.
As on March 31, 2019, the Company has 86 showrooms including 14 franchisee showrooms. The Company is also having in-house designer’s team and manufacturing units.
During the fiscal year FY19, the Company rolled out India’s first Augmented Reality Jewellery buying experience on a dynamic and real time basis as well as Online-Offline Integration across its showrooms in Delhi-NCR.
The Company has also launched many new jewellery designs and collections like I heart, Expresso, Swarna Dharohar, Inayat, Mirosa etc. Recently, the Company for the first time in India launched silver and gold medallions to commemorate ICC Cricket World Cup 2019.

#The scrip of Bharat Heavy Electricals Ltd is consolidating around the current ranges of Rs.43 - 45, before giving the ultimate break out for targets of Around Rs.91/111.
In October last year, State-owned Bharat Heavy Electricals Ltd (BHEL) zoomed to Rs.61.30 apiece on after global brokerage firm CLSA upgraded the stock to 'Buy' from 'Sell' owing to the benefits that the company could reap due to government's stake sale.

#The Budget and IT limits:-
The Broking firm, Sharekhan believes the NDA government government might increase the basic income-tax exemption limit to Rs.5 lakh from Rs.2.5 lakh for all, thus eliminating the 5% tax slab for income of Rs.2.5 lakh to 5 lakh.
"It may replace the 20% tax rate for the Rs.5-10 lakh slab with 10%; add a 20% slab for incomes of Rs.10-20 lakh and 30% slab for income above Rs.20 lakh per annum," it said.
A likely reduction in personal income-tax rates should improve sentiments of auto and white goods makers; besides small-ticket discretionary consumption plays such as Jewelry and Apparel (Textile) players.

#A report in ET on 28 January,  2020 says,  an investor or a trader can get benefited if he/she use dips in the pre budget days to accumulate good stocks.  According to ET:

Those who can brave the current market depression due to the coronavirus outbreak might be in for big rewards post Budget.
In last 10 Union Budgets, (excluding the interim ones), Sensex and Nifty have fallen six times in the pre-Budget week and remained flat in one. Only thrice did they offer positive returns.

Except in  of 2017 and 2012, when the indices gained 2-3%, the benchmark indices have traditionally performed poorly in the pre-Budget week.

#Positive tinkering with the dividend distribution tax should benefit good dividend paying companies such as BHEL (Rs.42.65), NFL (Rs. 28.75), etc.
Abolishing Dividend Distribution Tax (DDT) which is presently levied on the companies declaring dividends or taxing dividends in the hands of shareholders is one of the things people are expecting from Budget 2020. Any such positive move will benefit the foreign investors/companies who can claim a credit of the taxes paid on dividend in India in their respective countries.(as per the relevant treaty provisions).
It will not be an exaggeration to mention here that the domestic   equitiy markets have witnessed a complete exemption on long-term capital gains (LTCG) and its replacement with the security transaction tax (STT) to the return of the LTCG alongside STT.  After that came the worse, higher dividend distribution tax (DDT) as well as the income-tax surcharge. The market hopes the that the current Finance Minister would show some courage to rationalise this structure, ushering in a rally in the bourses.
On the economic front, the NDA government has an uphill task to take care of fiscal deficit, dipping GDP and reduced consumption levels and provide a much-needed boost to the economy focused on growth, increasing job opportunities and consumer spending.

Tit - bits

#National Fertiliser Ltd recommended at

Rs.27.10 today made a high of Rs.31.40 today and is now trading at Rs.30.75. Traders are suggested to hold with a SL at Rs.29.70.

#The stock of Radio City (Music Broadcast)  today made a high of Rs.29.90 and is now seen at Rs.28.80. The non risk taking investors are suggested to book some Profits.

#Buy the scrip of Bharat Heavy Electricals Ltd (BHEL) at around  Rs.44.50, T: Rs.48/52, SL: Rs.43.50. At the end of October, 2019, there were media reports that the rokerage firm CLSA upgraded the stock to 'Buy' from 'Sell' owing to the benefits that the company could reap due to government's stake sale.

BHEL is one of India’s largest engineering and manufacturing enterprises in the energy and infrastructure sectors and a leading power equipment manufacturer globally. BHEL serves the core sectors of the economy and provides a comprehensive portfolio of products, systems and services to customers in power, transmission, transportation, renewables, water, defence & aerospace, oil & gas, and industry.

#Exit the shares of Reliance Capital Ltd (9.50) and Reliance Infrastructure Ltd (Rs.21.20). Both of them could go for further correction after last week's NPA news.

#Buy the shares of P C Jewelers Ltd at around Rs.23.20/23.30, for short term targets of Rs. 31/32.
India is considering signing a bilateral agreement with Russia to reduce import duties on processed diamonds and jewelry, according to the chairman of the country’s Gem & Jewelry Export Promotion Council (GJEPC), Sanjay Shah. India imports rough diamonds from Russia worth around $3.5 billion.  If the duties are reduced or zeroed, trade between India and Russia will flourish. The two countries have been developing cooperation in the diamond industry in recent years, with Russia’s Alrosa and India’s GJEPC considering preferential tax treatment for diamond trading.
India is the world’s largest diamond cutting and polishing center.

Tit - bits

#Today I recommend Wockhardt Ltd (Rs. 250.05) for the short term on the media news that Cipla Ltd is in advanced talks with the company for a stake sale; which the latter wants to lap up.  

Wockhardt Ltd had a total debt of Rs.3,367 crore as on March 31, 2019 and its current market capitalisation stands at around Rs.2,767.82 crore. It has a diversified product portfolio with a presence in therapeutic segments such as cardiology, dermatology, diabetes, respiratory, etc. The catch Point is: it export portfolio is around 70%. I'm expecting the scrip to double from the current price within January,  2020.

#The stock price of P C Jewellers Ltd (Rs.27.50) is testing its immediate supports. With no definite news of signing of the US  - China Trade Deal,  the gold prices are likely to remain buoyant. 

Also,  the RBI has kept the Repo Rate unchanged, on inflation fear.  This is positive for the Gold sector. 

Source: BSE

Moreover, if the FM, Nirmala Sitaraman increases the IT limit for the Indians in the upcoming budget, then the 1st sector which will get a positive effect is the Retail.  The company has a number of retail stores all over India. 

Apart from this the current marriage season is likely to keep the bullion market buoyant. 

Gold prices in India are down about ₹2,000 per 10 gram from their September highs. This may lift retail demand of gold, say many analysts.

"With doubts emerging about a U.S.-China trade talk, we expect investor demand for safe-haven assets, such as gold-backed ETFs, to increase," an ANZ analysts said in a note.

In the International markets Gold gained about 15% so far this year, which could be its biggest annual gain since 2010, mainly bolstered by the impact of the prolonged U.S.-China trade war on the global economy.

Financials: The last two quarter results of P C Jewelers Ltd are not that bad as is made out to be. For H1FY20, the Cash EPS is Rs.2.69.

If we interpolate this figure for the whole year the cash EPS for FY20 comes around Rs.5.38. This easily gives a P/E oHYf around 5, which is much less than the industry P/E of around Rs.30. 

Now, if we apply this simple method of rough valuation to the share price of P C Jeweler Ltd, then the yearly target of the stock of P C Jeweller Ltd becomes Rs.167/170, which incidentally is near its 52 - week high price. 

After giving suitable discounts, we can get the approximate March - April price target of around Rs.117/121. 

Hence,  I would suggest the medium to long term investors to buy the scrip of P C Jeweller Ltd at the CMP of around Rs.27.50 and keep holding. 

Note: If you have a portfolio size of about Rs.3/5 lakhs and is finding difficulty in making money on consistent basis,  then you can go for my profit sharing scheme,  of 70:30 ratio between you and me. There is no compulsion nor any lock in period,   you can walk out of this process at any time,  if you are not happy. 

P C Jewellers Ltd: Buy

The investors with short to medium term

perspective can buy the shares of P C Jewelers Ltd near the CMP of Rs.30.30, for short term targets of Rs.41/66. SL: Rs.27.
The Book Value of the shares of the company is Rs.99.67 and the Market Cap is only Rs. 1,196.86 Crore

4 (Four) Principal Triggers:

• The US has imposed a 10% duty on Chinese gems and jewellery items from September 1, 2019, which will indirectly help the Indian diamond sector.  The items that will come under this tariff net are diamonds, cultured and natural pearls, rubies, emeralds, and sapphires, synthetic precious stones, including diamonds, silver jewellery, gold necklaces and neck chains and religious jewellery.
• The NDA government has increased duty drawback rates for gold and silver jewellery, a move that would make Indian exports from these sectors more competitive in the global market. This notification shall come into effect from November, 2019. The government's decision to raise the rates would help in increasing the competitiveness of Indian gold and silver jewellery, according to market analysts. Under duty drawback, exporters get a refund of all duty and taxes which were paid for the inputs against the exported products. 
• Some months back PC Jeweller Ltd (PCJL) said that its board has given approval for the demerger of the company's export division and amalgamation of the same with its wholly-owned subsidiary PCJ Gems & Jewellery Ltd. The scheme will enable creation of an independent listed company with replica shareholding structure with the 'export division' business. Domestic division with domestic business (remaining business) would continue to be carried on in the demerged company, the filing added. Most denergers add value to the shareholders wealth.
• Fears of a global economic slowdown, continuing trade and tariff war between the United States and China, and geo-political risks could help the price of gold to sustain at higher levels.

Winning Strokes: Think Different

Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions.

Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade.

The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. One sided movement was seen in the shares of the company, after it was recommended at Rs.4.65 in this blog, around a couple of weeks back. Yesterday, there was media reports that Salman Khan no more needs permission from the court to travel abroad.

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy to the Premium Members at around Rs.85-86, for targets of Rs.103-190. The company has over 90 outlets across 70 Indian cities. For the financial year ending March 2017, the company posted a 21.6% growth, clocking a turnover of Rs.8,099 crore ($1.2 billion). The company’s market value now stands below its projected sales of Rs.10,000 crore for the financial year 2018. India is one of the largest consumers of gold jewellery in the world. Weddings alone account for 40% of all gold sales, followed by the harvest. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

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

Winning Strokes: Think Different

Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions.

Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade.

The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

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

Winning Strokes: Think Different

Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions.

Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade.

The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

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

Winning Strokes: Think Different

Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions.

Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade.

The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

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

Winning Strokes: Think Different

Yesterday, the market ended the volatile session higher. The barometer index, the S&P BSE Sensex, gained 224.50 points or 0.59% at 38,242.81. The Nifty 50 index gained 59.95 points or 0.52% at 11,536.90. Shares regained some lost ground on Thursday after declining sharply in the past few sessions.

Stocks drifted higher in early trade as buying resumed in index pivotals after recent slide. Key benchmark indices nudged higher in morning trade amid volatility. Firmness prevailed on the bourses in mid-morning trade. Stocks trimmed gains in early afternoon trade. Volatility ruled the roost as key indices sharply pared losses soon after hitting fresh intraday low in afternoon trade. Stocks once again firmed up in mid-afternoon trade. Indices extended gains and hit fresh intraday high in late trade.

The Sensex rose 224.50 points or 0.59% to settle at 38,242.81, its highest closing level since 3 September 2018. The index rose 302.65 points, or 0.80% at the day's high of 38,320.96. The index fell 105.81 points, or 0.28% at the day's low of 37,912.50.

The Nifty 50 index rose 59.95 points or 0.52% to settle at 11,536.90, its highest closing level since 3 September 2018. The index rose 85.30 points, or 0.74% at the day's high of 11,562.25. The index fell 40.90 points, or 0.36% at the day's low of 11,436.05.

The S&P BSE Mid-Cap index rose 0.31%. The S&P BSE Small-Cap index rose 0.46%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1603 shares rose and 1115 shares fell. A total of 172 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 0.3%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.16%), the S&P BSE Consumer Durables index (down 0.13%), the S&P BSE Teck index (down 0.08%), the S&P BSE FMCG index (up 0.03%), the S&P BSE IT index (up 0.13%), the S&P BSE Metal index (up 0.21%), the S&P BSE Auto index (up 0.27%), the S&P BSE Capital Goods index (up 0.27%), the S&P BSE Finance index (up 0.29%), the S&P BSE Basic Materials index (up 0.32%), the S&P BSE Bankex (up 0.36%) and the S&P BSE Realty index (up 0.53%), underperformed the Sensex. The S&P BSE Industrials index (up 0.65%), the S&P BSE Utilities index (up 1.01%), the S&P BSE Oil & Gas index (up 1.15%), the S&P BSE Power index (up 1.21%), the S&P BSE Energy index (up 2.12%) and the S&P BSE Healthcare index (up 2.20%), outperformed the Sensex.

Housing and Urban Development Corporation rose 7.19% after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 5 September 2018.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at Rs.71.86, compared with its close of Rs.71.78 during the previous trading session.

Yesterday, Asian shares ended lower amid ongoing concerns over emerging markets and potential new US tariffs on China. US stocks closed mostly lower Wednesday as tech stocks dropped after Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation.

The US and Canada are reportedly set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement.

On the US data front, the trade deficit jumped almost 10% in July, hitting the highest level in five months and keeping the US on pace to record the largest annual gap in a decade.

#Mandhana Industries Ltd hit another upper circuits yesterday at Rs.7.15 in the NSE. It was one sided movement in the shares of the company, after it was recommended around Rs.4.65 in this blog. Yesterday,, there was media reports that Salman Khan got relief from court. 

#Yesterday, the shares P C Jewelers Ltd was recommended as a Buy at around Rs.85-86, for targets of Rs.103-190. The festive buying in gems and jewelry sector is likely to gather steam in the coming days. 

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

Market Mantra

The stock of Alankit Ltd (Rs.24.55), basically an e-Governance company, was recommended yesterday to the Premium Members; the stock is up around 3% today. With the government’s increased focus on greater level of governance and transparency on back of digitization, these kinds of companies are likely to be beneficial, albeit with increased competition from the peers.

Alankit Ltd. is a 25-year-old entity which has been operating across the diverse spectrum of financial services, e-Governance, insurance and healthcare services. Alankit Assignments Ltd, one of the leading affiliated companies of the group commenced business operations in 1995 and was recently the registrar of one of India’s largest ever public-sector IPO – HUDCO. With a network of over 5000 centers, Alankit has direct presence in more than 673 cities across India. The company also has presence in international frontiers with presence in UAE, UK and Singapore. 

After building strong and successful portfolio in financial services and e-Governance space with offerings like UID enrolment (Aadhaar), TIN and PAN facilitation, IWRC, e-Return intermediary and more, a recent milestone for the company has been identification and authorization by GSTN as a GST Suvidha Provider (GSPs).

The scrip of P C Jewelers Ltd (Rs.85.70) is witnessing hammering today also, due to corporate governance issues. The stock touched a low of Rs.81 today in the NSE. I would still suggest you to stay from the counter, till the management commentary looks promising for the shareholders. The stock could test Rs.62 on the downside. 

The scrip of  Bhusan Steel Ltd (Rs.23.65) is seeing correction after an excellent run. The traders were asked to exit, if Rs.29 was broken on the downside. The Rs.2, Face Value share could touch Rs.16-17, before starting a fresh upmove. 

Intraday, BUY IOC Ltd at around Rs.162.25, SL: Rs.160.25, Target:  Rs.165.5. Fitch Ratings has affirmed Indian Oil Corporation Ltd's (IOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable.The agency has also affirmed IOC's senior, unsecured rating and the ratings on its outstanding, senior, unsecured debt at 'BBB-'.Fitch equalizes the India-based company's rating with that of its largest shareholder, the State Bank of India (BBB-/Stable) based on Fitch's Government-Related Entities (GRE) Rating Criteria.

I will give fresh inputs on Rasoya Proteins Ltd (Rs.0.16), TV Vision Ltd (Rs.5.40) and Mandhana Industries Ltd (Rs.5.01), this week to the Premium Members. Those who wants to get 1st hand information on these scrips, should join the Premium Service. 

Winning Strokes: Think Different

Photo: Live Mint

Today the scrip of P C Jewellers Ltd (Rs.119.90) closed below Rs.121, after the company cancelled the buyback offer. However, such announcement of back of shares by management does not mean much  to the shareholders except some form of moral booster. Moreover, it is often seen that the required company does not stick to the promise of full amount buyback mentioned earlier. I would therefore, congratulate the management of the company and ask them to deploy the funds kept aside for buyback for the establishment of new retail outlets which will create more value for the shareholders. You can take fresh positions only if it gives a closing above Rs.122 with good volumes -- till then stay away from the counter; as I fear that it might test Rs.95 going forward.

Jewelers in India are having a tough time since the last few years. Recently, the industry came under a cloud with two companies under investigation for an alleged banking fraud of $2 billion. This comes even as the World Gold Council estimates that physical demand for jewelry slid 12% in the first three months of 2018. 

The current "Wicked and Machiavellian" dispensation in Delhi has done everything to destroy the once vibrant "Private Sector", as the banks are now saddled with bad loans of around 10 lakh crore. Systematically, almost every sector has been made to bleed, in the name of Tax Reforms [Read: Tax Terrorism], Removal of Incentives to some sectors in the name of Nation Development/Lowering of FD, etc etc. While the larger players could rise their head above water in such tiring circumstances, the biggest hit was SME sector. I  am reminded of the crisis in Greece, where the citizens cheered as the government thought to control the price of commodities -- later the same people were up in arms against the government when it failed to pay international loans. 
Some Indians have hallucinations that heaving taxing the industry and giving as much allowances [tax cuts] to the individual tax payers is the only panacea to all the crisis; while the reality is that if you throw a stone up, it will invariably come down. But then, I feel a 1st time MP tuned PM by FLUKE and a Lawyer turned FM, who had wafer thin finance background before joining the Finance Ministry, does not have the necessary acumen to analyse, the causes of crisis during the earlier regime and act accordingly. The only thing the current administration in Delhi has done during the last 4 years is to harass poor people [Do you remember how poor, old and disabled had to stand in long queues to get their legitimate money from ATMs] and businessmen.
In 2004, the then Government introduced Security Transaction Tax (STT), where all securities listed in an exchange (excluding commodity and currency) were subject to this tax, during the purchase or sale. This was levied instead of imposing a LTCG tax. With the introduction of LTCG, investors are now paying both the STT and LTCG thus incurring double taxes. 
Moreover, sensing discontent among the large section  of Indians, this government is trying to woo the Public Sector employees by giving them high pay hikes [7th Pay Commission], by looting the "Private Sector Enterprises" and they will pay for that in the next elections in 2019. Do you know the salary and Perks of an Army Colonel or a Superintendent of Police ora Ticket Booking Clerk in Indian Railways Vis-a-Vis their qualifications? How much does a clerk or a Supervisor deployed by a Private Security Agency get in the Private Sector even in Metros like Delhi, Kolkata or Bombay? Kindly Google!! Also check the current recruitments in Indian Army.

Energy Development Company Ltd, an Amar Singh & Jaya Prada outfit, today closed flat at around Rs.15.55 in the NSE. As the crude starts to soar up, the valuation of renewable energy companies are likely to improve. Moreover, the company is trading below its book value of Rs.23.49 and has a dividend yield of 3.22% at the CMP. The prudent investors should buy the shares of this company and keep holding till October, '18. Theoretically, if RIL (Rs.1099.80 up 1.61%) is rising, then the shares of Energy Development Company Ltd should also rise. 

Today among the sugar stocks mentioned in my last post, Sri Renuka Sugars Ltd closed at Rs.12.3 just a tad below the 52-week low price of Rs.12.05. Last month there was media briefing that Singapore-based Wilmar Sugar Holdings (WSH) had acquired an additional 19.77% stake in in Mumbai based, Shree Renuka Sugars through an open offer which was launched a few months back. As per the shareholding pattern, WSH had 38.57% stake in Shree Renuka Sugars as on March 2018. After the completion of the open offer, WSH's stake has now gone up to 58.34% in the same. This is one of the most safest and high pedigree sugar counters available today and hence keep holding till December, '18, for at least 50% return from the CMP.

One of my earlier recommended counters Southern Online Bio Technologies Ltd, where I do not think any of my current clients have holdings (as I have asked them to book profits and exit, around a couple of years back) today closed at Rs.1.47. I get lot of mails asking what to do with the scrip. If you are heavily invested in the shares of the company and have no clue on the current happenings in it and want information or suggestions, then you need to pay Rs.10000, for 6 months and Rs.18000 for 12 months. Similar is the case with many of my earlier recommended counters like [where I do not have any holding except in KBCL and Genera Agri, but some of my old clients who are no longer subscribed to my Premium Service, might have]: 

Rohhit Ferro Tech Ltd (Rs.2), IVRCL Ltd (Rs.1.90), HCC (Rs.11.35), Gammon Infrastructure Projects Ld (Rs.1.34), MBL Infrastructure Ltd (Rs.18.25), Reliance Communications Ltd (Rs.13), PVP Ventures Ltd (Rs.3.94), Genera Agri Corp Ltd (Rs.9.10), Unitech Ltd (Rs.4.15), Rasoya Proteins Ltd (Re.0.16), Mandhana Industries Ltd (Rs.5.27), Jayee Infratech Ltd (Rs.5.96), Lanco Infratech Ltd (Rs.0.85), Kohinoor Broadcasting Corporation Ltd (KBCL, CMP: Re.0.21), etc, etc. 

For getting source based additional information on stocks, you need to pay a few bucks; as nothing comes for free. If  you are a small investor, then some discounts can be given. Now, kindly, don't shoot me mails, asking for FREE TIPS or INFORMATION on the same. 

Winning Strokes

Buy P C Jewelers Ltd at around Rs.131-132; SL: Rs.127, T: Rs.151. The stock should gain, as the inflation fear is likely to make assets costly. RBI can also go for another rate hike by October, to stem the slide in INR Vs USD.

Monnet Ispat which was recommended in this blog some time back today hit the buyer freeze at Rs.11.35 in the BSE.

If you are looking for a micro cap counter then you can go for Amar Singh & Jaya Prada Company Energy Development Company Ltd at around Rs.15.70-16, for short term targets of Rs.21-22. Good monsoon rain is positive  for the company.
The Premium Members were recommended this stock today, along with the scrip of P C Jewellers Ltd.

I am having problem writing in this blog, from my mobile may be due to technical failure. My RJio Wifi has gone for a toss..so till I buy a new one, please bear with me.

Market Pulse

Key benchmark indices hovered with small losses in morning trade after a volatile start. At 10:18 IST, the barometer index, the S&P BSE Sensex, fell 30.97 points or 0.1% at 32,565.57. The Nifty 50 index dropped 23.85 points or 0.24% at 9,974.20. Market sentiment remained subdued amid fears of global trade war.

The S&P BSE Mid-Cap index fell 0.22%. The S&P BSE Small-Cap index dropped 0.27%. Both these indices underperformed the Sensex.

Overseas, Asian stocks edged lower amid fears that rising tensions between the United States and China could lead to a full-blown trade war. US stocks fell sharply on Friday, 23 March 2018 as investors assessed the possibility of a trade war brewing between the US and China.

Meanwhile, reports suggested that China and the US have quietly started negotiating to improve US access to Chinese markets, after a week filled with harsh words from both sides over Washington's threat to use tariffs to address trade imbalances.

Closer home, the breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 1,298 shares declined and 809 shares advanced. A total of 118 shares were unchanged.

Telecom stocks were mixed. Reliance Communications (up 0.88%) and Idea Cellular (up 0.32%) advanced. Bharti Airtel (down 0.45%) and Mahanagar Telephone Nigam (down 0.26%) edged lower.

Cement stocks also witnessed a mixed trend. Shree Cement (up 0.91%), Ambuja Cements (up 0.51%) and ACC (up 0.17%) edged higher. Grasim Industries (down 2.13%) and UltraTech Cement (down 0.54%) edged lower.

Dr Reddy's Laboratories (DRL) was down 0.7%. The company announced that it has launched Palonosetron Hydrochloride Injection, 0.25 mg (base)/5 ml, a therapeutic equivalent generic version of Aloxi Injection approved by the US Food and Drug Administration (USFDA). The announcement was made during market hours today, 26 March 2018.

NHPC was down 0.19%. The company announced that it has fully commissioned a 50 megawatts solar power project in Theni/Dindigul District of Tamil Nadu on 23 March 2018. The announcement was made after market hours on Friday, 23 March 2018.

Lumax Auto Technologies gained 1.26% after the company's board of directors considered and approved a 5-for-1 stock-split of equity shares. The announcement was made after market hours on Friday, 23 March 2018.

Today's Calls:
#The risk taking traders can buy the shares of Reliance Infrastructure Ltd at around Rs.422, T: Rs.441, SL: Rs.415. The company has an order book of more than Rs.5000 crore and its share has a good value. It is strange why the stock is trading at such dismal levels. Also, after the completion of the deal of the sell of its power division, the company is likely to become debt free.

#Buy the shares of MCX Ltd at around Rs.681, T: Rs.797, SL: Rs.667. The other targets are Rs.939 and Rs.1129.

#Buy the shares of P C Jewelers Ltd at around Rs.321-322, T: Rs.341, SL: Rs.315. The ongoing marriage season is likely to boost up the share price of the P C Jewellers Ltd, apart from lowering of competition due to the demise of one of the most reputed brands like Gitanjali Gems Ltd. 

~~With inputs from Capital Market - Live News....

Market Pulse

Key benchmark indices hovered in positive zone in early afternoon trade. 

At 13:35 IST, the barometer index, the S&P BSE Sensex, was  seen trading at 33,999.86 up 81.92 points or 0.24% while the NSE was seen at 10,455.15 up 33.75 or 0.32%.

The Sensex was trading below the 34,000 level after hitting an intraday high above that level in morning trade. Domestic macroeconomic data released after market hours yesterday, 12 March 2018, signalling an economic turnaround boosted the sentiment.

IT stocks declined as the rupee firmed against the dollar. Metal and mining stocks rose. Aviation stocks rose.

Volatility struck bourses in early trade as the key benchmark indices turned positive soon after an initial decline triggered by subdued Asian stocks. Stocks extended gains and hit fresh intraday high in morning trade. Key benchmark indices trimmed some gains in mid-morning trade.

The S&P BSE Mid-Cap index was up 1.02%. The S&P BSE Small-Cap index was up 1.22%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,678 shares rose and 754 shares fell. A total of 124 shares were unchanged.

IT stocks declined as the rupee firmed against the dollar. A firm rupee adversely affects operating profit margins of IT firms as the sector derives a lion's share of revenue from exports. In the foreign exchange market, the partially convertible rupee was hovering at 64.9625, compared with closing of 65.04 during the previous trading session.

MindTree (down 1.11%), HCL Technologies (down 0.87%), Oracle Financial Services Software (down 0.05%), Tech Mahindra (down 0.31%) and Hexaware Technologies (down 0.29%) fell.

TCS lost 4.75% to Rs 2,907 on reports that that Tata Sons has sold about 2.84 crore shares or 1.5% stake of the company through six block deals in a price range of Rs 2,872 to Rs 2,925 per share on the NSE. Tata Sons held 73.52% stake in TCS (as on 31 December 2017. The money raised from the stake sale will be used by Tata Sons to strengthen its balance sheet, reports added.

Infosys shed 0.07%. Infosys announced its intention to voluntarily delist its American Depository Shares (ADS) from the Euronext Paris and Euronext London exchanges. Infosys ADS will continue to be listed on the NYSE and investors can continue to trade their ADS on the NYSE as before. The announcement was made after market hours yesterday, 12 March 2018.

The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements. During the 5-year period of the company's listing on Euronext Paris and Euronext London, the average daily trading volume of the company's ADS was significantly lower than its average daily trading volume on the New York Stock Exchange (NYSE). The proposed delisting is subject to approval from Euronext Paris S.A. and Euronext London. There will be no change to the Infosys share/ADS count, capital structure and float, as a result of the proposed delisting from the above exchanges.

Metal and mining stocks rose. Hindustan Copper (up 2.39%), JSW Steel (up 0.96%), Tata Steel (up 0.69%), Steel Authority of India (Sail) (up 1.52%), National Aluminium Company (up 0.55%), Hindustan Zinc (up 0.5%), Jindal Steel & Power (up 0.96%) and NMDC (up 0.69%) edged higher. Hindalco Industries (down 0.2%) fell.

Vedanta rose 1.72% to Rs 322.40 after the company's board of directors at its meeting held today, 13 March 2018, declared an interim dividend of Rs 21.20 per share for the financial year ending 31 March 2018. The announcement was made during market hours today, 13 March 2018.

Aviation stocks rose. SpiceJet (up 1.26%) and Jet Airways (India) (up 2.18%) rose.

InterGlobe Aviation rose 0.13%. According to media reports, the Director General of Civil Aviation (DGCA) on Monday, 12 March 2018, grounded a few Airbus A320neo aircraft currently operating in the country due to the ongoing Pratt & Whitney engine issue. DGCA asked IndiGo to ground eight of its A320neo aircraft until further notice.

The civil aviation authority has reportedly said that no concrete proposal has been given by Pratt & Whitney yet on when the engine woes will be resolved. All the grounded A320neo aircraft are fitted with Pratt & Whitney engines, reports added.

InterGlobe Aviation has yet to reply to a stock exchange notice issued late on Monday, 12 March 2018, seeking clarification on the media reports.

Future Consumer jumped 14.26% to Rs 57.70 after a domestic brokerage initiated coverage on the stock with a 'Buy' rating and price target of Rs 76. The brokerage stated in its report that Future Consumer (FCL), an integrated consumer company, is the best play on the huge window of opportunity (presented by a combination of macro factors and company-led initiatives) for brands using modern retail methods of distribution.

In addition, FCL appears best placed among Future Group companies from a revenue, profit and RoCE perspective, given the group's focus on retail expansion to drive growth in its burgeoning brands portfolio. Improving mix and operating leverage are expected to drive significant margin expansion over the next five years, the report added.

Domestic macroeconomic data released after market hours yesterday, 12 March 2018, signalled an economic turnaround. The lower-than-expected CPI inflation and higher-than-expected IIP data will allay fears of an interest rate hike by the Reserve Bank of India.

India's industrial production (IIP) continued to record a strong growth for the third straight month at 7.5% in January 2018 from 7.1% growth in December 2017. The manufacturing sector's production surged 8.7% in January 2018, supporting overall growth in industrial production. The mining output growth slowed down to 0.1% in January 2018, while the electricity generation growth accelerated to five-month high of 7.6% in January 2018, contributing to the improvement in overall industrial production growth in January 2018.

The all-India general consumer price index (CPI) inflation dipped to four-month low of 4.44% in February 2018, compared with 5.07% in January 2018 and at 3.65% in February 2017. The corresponding provisional inflation rate for rural area was 4.37% and urban area 4.52% in February 2018 as against 5.21% and 4.93% in January 2018. However, the core CPI inflation rose marginally to 5.04% in February 2018 compared with 5% in January 2018.

Overseas, most Asian stocks were trading lower ahead of US reading on inflation due today, 13 March 2018, which is likely to give some idea about whether the Federal Reserve will accelerate its pace of rate increases.

In US, the Dow Jones Industrial Average and the S&P 500 index finished lower Monday, 12 March 2018 weighed down by the industrials sector, while the Nasdaq Composite Index closed at a record, in part due to optimism over Friday's jobs data, which showed solid economic growth without triggering wage pressure.

Today's Calls:

#TV Vision Ltd hits the buyer freeze at around Rs.16.80. We can look for targets of Rs.27-29 if Rs.19 is taken out on the upside. Accumulate on dips. 

#The stock of Union Bank of India Ltd is probably heading towards Rs.111-117. You can raise the stop loss to Rs.96 and keep holding. 

#Should you enter into the SCAM TAINTED counter of KSK Energy Ventures Ltd (Rs.9.90)? You need to join the Premium Service to get the answer. 

#Videocon Industries Ltd hit another buyer freeze at Rs.14.70. This stock is going to deliver multi-bagger return going forward, Therefore, don't sell out in a hurry -- however, book profits on the way up.

# The Stock of HDIL recommended to the Premium Members in the morning,  at around Rs.41.60 for short term targets of Rs.44-47,  has hit an intraday high of Rs.46.70, which is almost near the 2nd target of Rs.47. Book some profits and wait for intraday lows to enter.

#Buy the shares of RattanIndia Power Ltd (erstwhile Indiabulls Power Limited) at around Rs.5.7 for a short term target of Rs.9.

#Buy the shares of Apollo Tyres Ltd at around Rs.264, SL: Rs.260, T: Rs.269-272 on T+2 basis. This a pure chart based call.

#SELL Copper at around Rs.451.00 (CMP: Rs.450.95), Stop Loss above Rs.454.10, T: Rs.445.00 on T+1) basis....

#The stock of P C Jewelers Ltd (Rs.379.80) recommended several times in this blog is on fire today, up more than 10%.  

#Join the Premium  Service or trade through my recommended brokerage house with a minimum portfolio size of Rs.3 lakhs to stay ahead of other. This blog only gives an outline of what is sent to Premium Members and hence if you want a complete guidance, then you need to look for Paid Subscription based Service.