Narendra Modi's Government is Testing the Patience of Indians ??!!

The GST: on Gold 3%, Real Estate 12%, Biscuits 18% and Telecom Services 18%.In the textiles category, silk and jute fibre have been exempted...... Silk saree's are worn by poor people only.......idiosyncrasies should have their limits.

Man-made apparel up to Rs.1,000 will attract a 5 per cent tax, lower than the existing 7 per cent. Those costing above Rs 1,000, will continue to attract 12 per cent. Man-made fibre and yarn will, however, attract a 18 per cent tax rate.

Where is 5% and where is 12% or 18%  -- Tughlaquian. It is like the 1st class fare of Mumbai's local trains are almost 4 times the 2nd class -- are the passengers if 1st class, super rich...? Are we having a pro-leftist government in India. .?

Some morons are busy with Cow and Triple Talaq, winking at serious economic issues; as GDP growth deteriorates and sector after sector gets destroyed. After construction/real estate, banking, telecom, Narendra Modi's government has put their black hand in pharmaceutical sector, putting a serious question mark on the sector's survival.

This Narendra Modi's government should quit now....the government wants to get votes by raising the bogey of extreme nationalism.

Adolf Hitler's experiments initially started in a docile manner, only to end up in mass massacres. The same is the case with Islamic Fundamentalism, which had its roots in Pakistan, Afghanistan and Iran, later spreading to Saudi Arabia, Egypt, Yemen, and now even to Indonesia, France, Uk and Bangladesh.

Narendra Modi's government is testing the patience of people...but when people gets angry, we know what happened in Libia, Romania, etc. Those who are still supporting Narendra Modi's government and his mediocre team, should re-think their strategies.

Investment in Stocks, TV Serials and Bollywood Feature Film/s

I am looking for deep pocketed ivestors who are ready to invest around Rs.30-50 lakhs in a

This is an  Bilingual Bollywood Feature
Film from our Production House. It is around
60% complete..

single share/stock based on the research reports presented to them. After they are ready with money they will be given the names of 3-4 stocks mentioning their future prospects. The investors can choose from the list and go for a target or time based investment. If they are uncomfortable to put such large sums of money in their trading account, they can do the same in my demat account and trade. The profit will be shared in the ratio of 50:50; the Period will be fixed for one year and it will be only on investment basis for one year (to get capital gains benefit). However, if the target is achieved earlier than 12 months, the position will be squared off...and the cycle repeated.

Also, on account of ensuring festival season (Eid, Ganesh Utsab, Durga Pooja, Navratri, Dussehera, Kali Pooja, Laxmi Pooja, Christmas, etc), I have decided to give 25% discount on the subscription of the paid service. This facility will be available till 31st December, 2017.

Moreover, if you lost money in some scrips like Reliance Communicatio Ltd, then don't worry. Start with fresh funds, with a target in mind, learning from the previous experiences. In share market there will be losses, those who backs out generally do not succeed. People like us, who are in the equity market for more than a couple of decades, have seen both ups and downs in our individual investments, but have always managed to come out as a winner over a period. Those who quits Midway, seeing losses, never makes money in share market. This is a place for tough guys, who don't buckle under extreme pressures. Always take the help of experts, for your stock market trading/investments. However, an expert can also, sometimes lose money due to judgemental errors, sudden government policy changes, predatory/wrong government policies and decisions, etc,  but over a period he always makes profit -- that is why he has managed to stay afloat here, under severe competition. That is why he is an EXPERT -- have faith on him, if you are somehow associated with him since sometime.

If anyone has the capacity to invest 1-1.5 crore in cash, then I can assure you fixed slots for TV Serials in reputed Channels like Star Plus, Zee, Colour, Sony, etc. I have a team of Bollywood directors, cameramen and specialized persons who can help you in your venture. Your work will be to invest, the production and publicity part will be taken care by my team. You can earn around Rs.2-3 lakh (net) per episode, which means Rs.8-15:lakhs per month, if the serial runs once a week. So, if the serial continues for 3 years, you have more than doubled your investments.

I am looking for financiers (or part financiers) who have the capacity to invest up to Rs.2 Cr, in a Bollywood flick, based on Mumbai's (Bombay's) underbelly. The storyline will be unique, hereto not seen on celluloid. The films like Satya, Vastav, Salam Bombay, etc were hits.

Send me a mail at: suman2005s@rediffmail.com/ sumanm2007s @gmail.com.

Prajay Engineers Syndicate Ltd: Buy

CMP: Rs.10.80

Introduction: Prajay is a Hyderabad based real estate company, which gives you more than just

real estate. Prajay has been transforming the Hyderabad landscape for the last two decades by developing landmark residential and commercial properties in the twin cities. The company has also made its mark in handling Hospitality projects. 

In its 20 years experience, Prajay has delivered over 75 projects and developed over 5 million square feet.
The company's broadly comes under two sections:
(I). Construction and Real Estate development -- 89.56% of total turnover.
(ii). Hospitality Business: Hotels and Resorts -- 10.44% of the total turnover.

Triggers: 

1. It has a land bank of almost 738 acres, as against a total debt of around Rs.200 Cr, book value of Rs.87.64 and market cap of only Rs.76.23 Cr.

2. Prajay has also extended its presence to Vishakhapatnam, developing over 35 projects with 18 million square feet under construction.

3. As of now the company is not launching new projects, and has decided to start work on Phase -Ii of some projects. Since, the real estate market in and around Hyderabad is picking up, it hopes to come up fresh projects soon.

4. At the end of last year, Prajay Engineers Syndicate Ltd announced its plans to develop 15,000 affordable homes by the year 2019 in Hyderabad and its surrounding locations where the company has developed a land bank. It is seeking to take advantage of the various benefits extended by the Union Budget, under section 80 IBA and Pradhan Mantri Awas Yojana, and facilitate development of two bedroom homes which are affordable and within reach of common man.

5. The total loss for FY17 decreased to Rs.23.96 Cr as against Rs.29.42 Cr in FY16. Moreover, if we look at the Q4FY17 results, then we will find that the total income increased to Rs.19.11 Cr as against Rs.11.55 Cr in Q3FY17 and Rs.14.63 Cr in Q4FY16. The total expenses increases to Rs.24.49 Cr in Q4FY17 primarily on account of the escalating cost of land, plots and constructed properties; though finance cost also shot up to Rs.5.49 Cr as against Rs.3.74 Cr in Q3FY17. The net loss of the company for Q4FY17 came flat at Rs.5.55 Cr as against Rs.5.31 Cr in Q3FY17 and Rs.5.64 Cr in Q4FY17.

6. A homebuyer henceforth will have to pay 12% GST to purchase an under construction house. If we look at the current scenario, real estate sector was heavily taxed, therefore 12% single tax structure is definitely a welcome move.

Moreover, the continuance of low interest regimes in India, is likely to see the demand pick in the real estate sector, in the coming months; as festivals pick up steam from July - August. Besides, as the Indian economy picks up steam, the hospitality sector, will also show some spikes, in the near future.

Conclusion: Looking at the above data, it is concluded that the scrip remains undervalued. The investors can buy the stock of Prajay Engineers Syndicate Ltd at the CMP of Rs.10.80 (BSE) for short term target of Rs.15.60.

Market Mantra 

1. Buy Prajay Engineers Syndicate Ltd at Rs.11.20, T: Rs.15.50, SL: Rs.9. Prajay is a

Richa Gangopadhyay at
Prajay Megapolis Lucky Draw

Hyderabad based real estate company, gives you more than just real estate. Prajay has been transforming the Hyderabad landscape for the last two decades by developing landmark residential and commercial properties in the twin cities. The company has also made its mark in handling Hospitality projects. With Prajay, your search for perfection and value for money is rightly met.

2. Exit from RCom Ltd (Rs.20.20), as the company is in severe cash crunch and has no money to pay for interest; forget the capital.

3. Those who are holding Tata Steel since Rs.220, should book complete profits at Rs.520...and look for other steel counters which looks undervalued. One can try SAIL at Rs.57.40, T: Rs.72, SL: Rs 52.60.

Winning Strokes: Think Different

Idea Cellular Ltd yesterday moved to Rs.93, before closing at Rs.

92.35. The scrip if you remembere was recommended at around Rs.77-78, with a strong buy recommendation. The targets for the stock remains Rs.125-127, as the government has formed a panel to look into the owes if the telecom sector.

Reliance Communications Ltd rose to Rs.33.20 before closing st Rs.32.45, down 1.52%. However, the fall has been with low volumes especially on a day like Friday, indicating that selling is probably coming to an end. I am hopeful of targets of Rs.41-42, in the coming few weeks. RCOM is likely to be taken over by RJio, in the near future; till then any positive move for RJio is positive for RCom as it gets royalty income from the latter (infrastructure, spectrum Sharing, etc).

Yesterday, UCO Bank (Rs.41.70) moved to Rs.42.20 before closing flat, while Dena Bank (Rs.40.15) nosedived to Rs.40, intraday before closing near the days low. If you remember profit booking was suggested in both the counters, as I felt the bank (share) rally is over.

Simplex Projects (Rs.34.65) yesterday, moved to Rs.35.80 in the NSE with very low volumes. The stock is not responding to the triggers and is struggling to close above Rs.37. I would therefore, suggest the traders to exit on rallies. Long term investors however can hold with a SL at Rs.31.

Winning Strokes: Think Different

Today was the day for telecom stocks as most of them surging more than 2% intraday. At one time my recommended Bharti Airtel was up more than 9%, as the stock closed the at Rs.372.75 up more than 7%. The RCom closed at Rs.33.10, up 1.85% (Intra day high of Rs.33.85). Now, as RJio continues its paid packages and government takes initiative to revive the sector, the investors can look at this sector once again for some decent future gains.

Dena Bank Ltd which was recommended at around Rs.37, last months today made a new 52-week high of Rs.50 in the BSE. Another of my recommended counter in the PSU banking space UCO Bank Ltd closed at Rs.41.75 in the BSE after making an intra day high of Rs.43-plus. The investors are suggested to book profits in both the counters.

Shilpi Cable Technologies Ltd (Rs.74.65) continues to hit the lower circuits, after it broke a major support at Rs.117. I am expecting the share to go below Rs.70. Therefore, keep away from this stock, at the present moment.

Buy the shares of Simplex Projects Ltd (Rs.34.65) at around Rs.34.34.50, for targets of Rs.51-52. The stocknis on an uptrend and its sister company is doing Metro Rail project bin Bombay.

Buy: Telecom Stocks

An inter-ministerial committee being set up by the government to look into the financial woes of the telecom sector would have about three months to hand over its views and solutions to the government. 

According to people in the know, the panel is likely to have six to eight members, including two from the telecom department and one each from the departments of revenue and economic affairs. 

The panel would look into issues related to the sector’s financial health, which has taken a beating due to cut throat competition triggered by the entry of RJio reports the ET.

In another significant positive development: India's telecom subscriber base, mobile and landline combined, touched the 1.18 billion mark at the end of February 2017, growing 1.17 per cent over the previous month, according to regulator Trai.

Reliance Communication Ltd will now move towards Rs.40-41, Bharti Airtel (Rs.351.25) towards Rs.370-380 and Idea Cellular Ltd (Rs.87.55) towards Rs.127-130. So, the best two stocks to invest at this moment are: RCom (Rs.32.45) and Idea Cellular Ltd.

Today's Calls

1. Buy Tata Motors Ltd at Rs.442, T: Rs.471-475, SL: Rs.437.  There is some reshuffle in the management of Tata Motors.

2. Buy in Bulk the shares of Reliance Communications Ltd (Rs.34.15) as it could get merged with RJio and become a formidable player in the telecom sector. The amount of properties Reliance Industries have in Navi Mumbai (New Bombay) is of astronomical proportions. Upon merger with RIL group, the RCOM will get sufficient financial clout to take on the competition; as it will then be a part of the RJio. Therefore, buy in Bulk the shares of RCom.

3. Those who are holding the shares of Reliance Power (Rs.50.45) are suggested to keep holding as Anil Ambani Ground shares is likely to move up now. We are already witnessing good moves in Reliance Capital Ltd (Rs.612) and Reliance Infrastructure Ltd (Rs.582).

3. Buy the shares of Idea Cellular at Rs.84.80, T: Rs.91 - 101. There is nonneed to keep S L as after RJio's Paid service most of the telecom stocks are likely to zoom. Moreover, Post-merger, leverage (of the merged entity) is expected to fall gradually, while the quality of spectrum assets will rise. Even after they surrender excess spectrum, they will hold more spectrum than both Airtel and Jio. There are a host of other synergy benefits, and it turns out that a large proportion of shareholder value hinges on extracting these benefits. It is useless to spend time analysing the standalone entity as the merger is now a happening case.

Today's Calls

1. Buy Idea Cellular at Rs.85.45, T: Rs.89-91, SL: Rs..84.60. Idea Cellular to launch payments bank operations in June. The company, that recently received the Reserve Bank of India's final approval to open its payments bank, is in the process of integrating its systems with those of the National Payments Corporation of India and the RBI. Joining the network will allow it to facilitate interbank electronic transactions.

2. Sudarshan Sukhani says in CNBC TV18: "The chart of Tata Motors is horrible", but the share makes an intraday high of Rs.455.70.This only goes to show how only chart based calls are futile. I have been saying this since more than a decade, but Chartists (mostly the software sellers) fails to acknowledge this facet of trading.....😀 Anyway, if the stock manages to close above Rs.458, then we can look for targets of Rs.472-475, in the short term.

3. The worst in the telecom sector seems to be over, as RJio is now Paid. Moreover, UBS had earlier spoken of a much better quarter sequentially from Q1FY18 (June Quarter) onwards. Therefore, start accumulating Telecom stocks in bulk to reap good benefits in the short to medium term. Also the correction on RCom seems to over and one can buy the shares of RCom at Rs.34.50, T: Rs.39-41. There is no need to keep SL as the scrip of RCom is now available at rock bottom price, especially when the optimism in the sector is again returning; after almost 3-quarters of pain.
Meanwhile, there are recent media reports that the mega merger between Reliance Communications (RCom) and Aircel to create the country’s third-largest operator is entering the final phase, with both companies seeking shareholder approval in the coming days.

4. Today, the Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.11%, while the Shanghai Composite led the Hang Seng lower. They fell 0.74% and 0.21% respectively. Indians markets are today trading flat, however action is seen on beaten down Counters.

Today's Calls

1. Buy Tata Motors Ltd at Rs.461, for short term targets of Rs.472-475, SL: Rs.457. Tata Motors' pricing strategy works with Tigor; sales crosses over 3,000 units in first month. Encouraging global volumes for its UK subsidiary, JLR, and expectations of a lower hedging loss is attracting investors. 
JLR's retail volumes grew by 21% year-on-year to 90,838 units in March 2017 due to continued sales momentum for F-Pace and gradual pick up in sales of revamped Discovery after it phased out the old model. In addition, Discovery Sport's volume grew at an unexpected 13% on a higher base. UK sales grew 27% after staying in low single digits in the past five months.Sales growth in North American, China, and Europe was 19-21%. 

2. Infosys Ltd declared satisfactory results today amidst demonetisation and US visa pangs. The software services exporter Infosys Ltd has reported consolidated profit at Rs.3,603 crore for the January-March quarter, degrowth of only 2.8% from Rs.3,708 crore in previous quarter. Revenues fell marginally by 0.88% to Rs.17,120 crore on sequential basis. However, the announcement of Rs 13,000-crore payout through dividend or share buyback during the year and fall in attrition rate is likely to lift the sentiments of Indian share markets. The company has guided its EBIT margin for the year at 23-25 percent.
The IT major has announced a final dividend of Rs 14.75 per share. Including this, aggregate dividend for financial year 2016-2017 amounted to Rs 25.75 per share, resulting in total payout of Rs 7,119 crore, it said. The Nifty spot is now trading at 9,186.85, down 16.60 points or 0.18%, but is expected to change to Green soon.

Today's Calls

1. Buy Reliance Power Ltd above Rs.48.20, T: Rs.51-52, SL: Rs.47.60. Reliance Power Ltd on Monday executed agreements with Bangladesh Power Development Board for the first nphase development of a 750-MW LNG power project at Meghnaghat near Dhaka in Bangladesh.

The project development will require an investment outlay of nearly $1 billion. Financing of the project is under consideration of Asian Development Bank and a consortium of lenders, said the Anil Ambani Group company in a statement.
The markets are probably nervous before the results of Infosys Ltd. Book small intraday profits at Rs.48.50 and wait for the market to stabilize, for fresh entry in Reliance Power Ltd (Rs.48.50).

2. The shares of all telecom companies should spurt after RJio came up with new Paid Offers. The UBS has already mentioned in their research report that from Q1FY18, the fundamentals of telecom companies are set to improve. Therefore, use every dip to buy the shares of RCom (Rs.36.85), Idea Cellular (Rs.87.40) etc. Don't look at these Blue Chips on daily basis.

Today's Calls

1. Buy Reliance Communications Ltd at Rs.37.80, T: Rs.42, SL: Rs.36.50. Reliance Communications (RCom) has laid off over 600 roles in an ongoing effort towards a leaner organisation, according to some media reports. The country's fourth largest telecom company is in merger talks with Aircel and MTS.

Company officials asking not to be named said job cuts will help the 7,500-strong RCom integrate workforce when mergers with Aircel and MTS materialise.  When RCom announced its merger with Aircel in September 2016, the companies said cost synergies would be about Rs 20,000 crore. Costs would halve following the merger, they said. Much of this will come from job cuts since the infrastructure is already in place and it is unlikely that leasing and rental agreements will change drastically, experts said. 

2. Those who are holding Engineers India Ltd (Rs.151.50), can continue to hold with a SL of

Rs.147, for targets of Rs.171-175. Any buoyancy in oil and gas sector is positive for the stock.

3. Those who are still holding the shares of DLF Ltd (Rs.160.20) from Rs.156 and averaged during intrada dips can book some profits around Rs.160-160.70 and keep holding the rest with a SL at Rs.156.

4. My earlier recommended two steel stocks: Jai Balaji Industries Ltd (Rs.23.65) and Rohit Ferro Tech Ltd (Rs.7.20) are hitting continuous UCs since last few days. I am expecting Jai Balaji Industries to test Rs.31-32 ranges while Rohit Ferro could cross Rs.9. I would suggest a hold on both the counters.

Today's Calls

1. Buy Engineers India Ltd at Rs.150.30, T: Rs.175, SL: Rs.146. Engineers India Limited (EIL) is an engineering, procurement, engineering consultancy and construction (EPC) company in the petrochemicals and hydrocarbons industry.

The buyback price has been fixed at Rs.157 per equity share for a total aggregate of Rs 658.80 crore.  Board of Directors of Engineers India Ltd in its Board Meeting held on March 16, 2017 have declared an Interim Dividend of Rs.2.50 per share (on the face value of Rs. 5 each).

2. Those who are holding DLF Ltd (Rs.154.20) are suggested to keep a SL at Rs.153. But for medium term I would like to shift to Idea Cellular Ltd (Rs.87.40), if DLF Ltd continues to underperform.

Today's Calls

1. Buy Punjab National Bank at Rs.150.50 (BSE), for targets of Rs.157-161. Today many of my earlier recommended bank stocks (Dena Bank, UCO Bank, Federal Bank, etc) are all up; after the RBI decided to keep the repo rate unchanged.

2. Those who have entered Jet Airways Ltd are suggested to exit the counter if Rs.109 is broken on closing basis and Rs.104 is broken, intra - day.

3. Those who are holding Idea Cellular Ltd (Rs.88.40) can continue to add th scrip on declines. Today also the stock is moving up with huge volumes. The targets of Rs.123-127 are still intact.

4. Buy DLF Ltd at Rs.156-157, for very short term weekly targets of Rs.161-162.

5. Those who have been accumulating Gammon India Ltd must be happy today, as the stock touched my first target of Rs.12 and is now trading at Rs.11.70, up more than 11% intraday. The investors can do well to book profits at Rs.11.70-12 and wait for dips for re-entry.

Today's Calls

1. Buy Jet Airways Ltd at Rs.522-534, T: Rs.542The Oil Marketing Companies (OMCs) have cut the Aviation Turbine Fuel (ATF) price by 5.2% to Rs 51,482/kL in Delhi from April 1, 2017 -- this is likely to have significant positive effects on the bottom lines of Aviation companies, like Jet Airways. Meanwhile, Jet Airways, one of the fastest growing airlines of the country, has reportedly decided to start morning flights from Bhopal to New Delhi from April 12, 2017. The company had earlier announced its plans to further strengthen its domestic network and provide guests with greater choice to connect between Metro cities and Tier-II towns.
Jet Airways is India’s premier international airline which operates flights to 67 destinations, including India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

2. Those who are holding the shares of Idea Cellular Ltd (Rs.87) should continue to add the scrip on all declines. The Free Service of Reliance RJio is coming to an end on 15th April, 2017. This is a big trigger for the telecom sector.

Winning Strokes: Think Different

1.Today, my recommended Idea Cellular Ltd at Rs.85.10, today touched Rs.88.10 in the BSE,

before closing at Rs.87.65, up more than 3%. The stock today moved up with volume which is around 4-times yesterday's volume. Accumulate the scrip with a price target of Rs.123. Today most of the Aditya Birla group stocks were up.

2. My recommended Future Enterprises Ltd at around Rs.18-18.50, today reached my 3rd and final short term target of Rs.32 (intraday: Rs.32.60), before closing at Rs.30.70 in the BSE. The traders can book profits and invest in Idea Cellular Ltd, as the it Gets Set To Take On Airtel With Its Own Payments Bank.

3. Today Gammon India Ltd (Rs.10.28) closed above a major resistance at Rs.10.20. The investors should do well to hold the scrip with a SL at Rs.10.10. On the fundamental front, the company is doing fine. However, unless and until it closes above Rs.10.45, in both the exchanges, it may remain rangebound.

4. Today, my recommended Reliance Power Ltd (Rs.50.35) touched Rs.50.80 in the BSE. The stock was recommended around Rs.44. Those who have still not booked profits can look for targets of Rs.52-53, in the coming days. However, please keep a SL of Rs.48.60 for any short term trade.

5. Rolta India Ltd recommended at around Rs.58-59, today touched my first target of Rs.62, in the BSE. The investor can hold the scrip with 5% trailing SL.

6. Another, ADA Group company today made a huge upmove and closed above Rs.40.50, in the NSE after a long time. Those who were not so happy seeing me recommending even at near Rs.31 or near 52-week price, might be a little relieved today. The worst in the Indian telecom sector seems to be over.

Today's Calls

1. Buy Idea Cellular Ltd at Rs.85.10, T: Rs.123, SL: Rs.81. Aditya Birla Nuvo Ltd. has got the final nod from the Reserve Bank of India (RBI) to start a payments bank in India, the company said in a stock exchange filing on Tuesday. The stock is currently trading above its 150D SMA. Today it needs to close above Rs.85.35, to confirm its uptrend. Fundamentally the stock is ripe for investment.

2. Those who are holding Reliance Power Ltd from Rs.44 levels, are suggested to book profit st Rs.50, and wait for dips around Rs.47-47.50 for fresh entry.

Today's Calls

1. You can take fresh positions in UCO Bank Ltd at Rs.36.40, T: Rs.39-42, SL: Rs.34.70. As

long as the stock is above Rs.36.30, the bulls should not have much problems. The promoters holding in the company stood at 76.67 % while Institutions and Non-Institutions held 16.09 % and 7.25 % respectively. The scrip is currently trading above

Photo: Blomberg

its 21, 50, 100 and 150 DSMAs.
Moreover, strapped for capital, public sector banks are being asked to sell non-core assets as a way to generate funds for growth and to provision against a growing pile of bad loans. 
In another major development, the RBI has advised UCO Bank, IDBI Bank and Indian Overseas Bank to stay off risky assets so that the financial health of these lenders is not stressed further. So, the worst seems to be over for the bank. Meanwhile, the employee unions and Uco Bank management have signed an MoU for a turnaround plan, which will decide the future course of action in the bank’s recapitalization

2. Those who short term traders and have entered Saregama India Ltd (Rs.242), should note that the scrip is finding difficulty to cross Rs.244-245 ranges. One can therefore book some profits and wait for intraday dips to enter. The long/medium term investors can however, hold on with aSL of Rs.231.

3. Fresh positions can be initiated in Tata Motors Ltd at Rs.469, T: Rs.610, SL: Rs.465. The company said its wholly owned subsidiary TAL Manufacturing announced that BRABO-- the first Made-in-India robot -- has received “CE” certification for commercial sale in the European market.

4. Those who are holding the shares of the construction major, Gammon India Ltd (Rs.10) should add in intra-day dips. This stock is likely to give multi-bagger returns in the short to medium term.

Today's Calls

1. Fresh positions can be initiated in Reliance Power Ltd at Rs.48, T: Rs.54, SL: Rs.46. I have been recommending the scrip since Rs.42-43 levels. Now after a brief consolidation the scrip is expected to move up.

2. Yesterday, Saregama India Ltd (Rs 336.50) crossed Rs.240, intraday; today also it touched Rs.244. However, it seems the stock will consolidate around Rs.232-244, before starting the next up.one. The investors can take their trading decisions accordingly.

3. Gammmon India Ltd ( Rs.9.75), has made a bottom of sorts. The investors are suggested to buy in bulk the shares of this construction major.

4. My recommended Reliance Defence and Engineering Ltd (Rs.68.25) today made a high of Rs.69.90, which is near my target of Rs.72.

5. Suzlon Energy Ltd (Rs.19.25), recommended at around Rs

7-8, today made a 52-week high of Rs.19.85. The traders can now look for target of Rs.22, I'm the coming days.

6. Buy Jet Airways Ltd at Rs.529, T: Rs.592, SL: Rs.482. The stock is on a major uptrend. Jet Airways and Air India will benefit from the ban imposed by the US government on large electronic devices from cabin luggage on passenger flights from eight Muslim-majority countries, as business travellers prefer to work on laptops and iPads while on long-duration flights, industry executives told ET. 

Today's Calls

1. Buy Saregama India Ltd at Rs.231-233, T: Rs.290 - 300, SL: Rs.225. According to some

media reports: Saregama, a company from the RP-Sanjiv Goenka group, is turning a new leaf, betting on new technology and its legacy — a huge portfolio of Indian music, with 1.17 lakh tracks. 

Moreover, Saregama India Ltd's share of Indian music Industry is 11% and the Music Industry's growth till 2016 was 100% in four years. Not only that even the expansion of Radio Stations is positive for the shareholders of Saregama India.

2. Those who are holding Rolta India Ltd (Rs.59) could see the scrip touch Rs.71-72 in the short to medium term. So keep accumulating in dips.

3. Those who are holding the shares of Gammon India Ltd can look for immediate targets of Rs.12 - 12.50, as GST gets implemented by July, 2017.

4. Buy Allahabad Bank Ltd at Rs.73.05,  T: Rs.82 - 86, SL: Rs.72.60. 
The Board of Directors of Allahabad Bank had approved raising of BASEL III compliant Additional Tier 1 Perpetual Bonds aggregating up to Rs.1000.00 crore through Private Placement.
The Bank has on March 17, 2017 successfully raised additional Tier 1 (AT 1) capital of bank through private placement of AT1 Perpetual Bonds aggregating to Rs. 300 crores (including green shoe option of Rs. 100 crores) at an annual coupon of 11.15% p.a., discovered through electronic bidding mechanism of NSE (NSE EBP). Meanwhile, the BANKEX is now trading at  24503.73 up 101.79 points or 0.42%.

5. Buy UCO Bank at Rs.36.10, T: Rs.39 - 41, SL: Rs.35. There is no need of SL, as the stock should steadily move up, following the Bankex. UCO Bank on 29 May, 2017 announced that its board has approved raising Rs.1,000 crore through issuance of tier 2 bonds to LIC.