Winning Strokes: Think Different

Shares of realty firm Unitech Ltd today surged nearly 7% after it sold 74 acres of land in Gurgaon, Chennai and Hyderabad for Rs.260 crore to boost cash flow and complete ongoing projects. With real estate sector facing multi-year slowdown, Unitech has decided to surrender a big chunk of land parcel in Noida to the local development authority as the company has been unable to clear dues of about Rs.4, 000 crore. The company had huge Land bank, which it is slowly capitalizing. 

Moreover, as the Affordable Housing Segment booms in the Indian real estate markets, the home loans below Rs.10 lakh have surged by 43% in the last fiscal year (FY2017).

The shares of RCom today crossed Rs.22, intra day, but could not sustain. Unless the shares of RCom close above Rs.22.50, the supply will always take it down. Moreover, those who have lost money in RCom (Rs.21.75), should start with fresh funds, to come out as winner.

I have recommended Two Dividend paying stocks to.the Premium members and also updated them on Rasoya Proteins Ltd (Re.0.15).

Yesterday, someone asked me why I don't frequent Money Control Message Board (MMB) and put my views there. I said, I am not too interested in visiti a BROTHEL, run by some PIMPs in the form of MMB administers/moderators too often; however much Sensual it looks from a distance.

Today's Call

Buy Unitech Ltd at Rs.5.25 for a target of Rs.10. The stock price is connected to J P Associates Ltd -- while the stock of JP Associates has crossed Rs.17, the stock price of Unitech Ltd is still near Rs.5, which looks absurd when according to a report, the construction companies are likely to.get benefited from input tax credit in the GST.

"Unitech has applied for a surrender of 221 acres of land. The matter is still not processed. However, once the land is accepted, we will make an estimate of the due and give them concessions against the debt," CEO, Noida Authority, Amit Mohan Prasad, said.

The Unitech officers when contacted confirmed this transaction. When enquired if this transaction closed their dues with authority, Executive Vice President - Real Estate Development, Unitech Limited Rana Rajesh Kumar confirmed, "Once processed, this will make Unitech DEBT FREE when it comes to Noida authority." 

Winnings Strokes: Think Different 

1. Simplex Projects Ltd hit another upper circuits in the  BSE and closed at Rs.51.50, reaching .y first target of Rs.51. Now what to do with Simplex Projects Ltd?

2. Prajay Engineers Synsicatre hit the buyer freeze at Rs.12.84 in the BSE, before closing at Rs.12.72 , up 4.50%. The stock is heading towards Rs.15--15.50.

3. My recently recommend Punj Lloyd Ltd jumped to Rs.19.20 before closing at Rs.19.95 in the NSE, with a gain of 6.46%. The company in a BSE filing said that it does not have 60% or more of its accounts categorized as NPA by the Banks as on 31 March 2016. The stock is heading towards Rs.25, from where it fell. Today, I will recommend a good dividend paying stock to the Paid Group Members.

Winning Strokes: Think Different

1. Prajay Engineers Ltd was recommended around for long term investors at Rs.10.80-11.20, 

at the end of last month. The stock hit the upper circuits today and closed at Rs.12 in the NSE with good volumes. However, in the BSE, the scrip is still ruling below Rs.11.70. The medium term investors can look for targets of Rs.15-15.50.

2. Simplex Projects was recommended as buy on 10 May, 2017 in this blog at Rs.34.65, with a price target of Rs.51-52. The s rip hit the UC today and closed at Rs.49.85 in the NSE. The long term investors can book some profits and hold with a SL of Rs.46.40, for targets of Rs.56-57. Its sister concern Simplex Infra is doing the Metro Railway project in Mumbai.

3. Today, Bhusan Steel Ltd, which is reeling with a debt of ~Rs.90,000 Crore moved up by 9.28% and closed at Rs.64.15. Following the same trend I feel the stock of Punj Lloyd (Rs.17.90) should also move up tomorrow, as the infrastructure and Real Estate stocks have started to move up. Speaking to a Business Channel from the sidelines of India Conference in Japan, Mr.Atul Punj, the CMD of the Punj Lloyd group, said the government is working to resolve the non-performing assets (NPA) issue. He said the EPC sector has made several doable recommendations to resolve the issue because EPC is not a sector where 5:25 package will work.
The company is trying to recover Rs.4700 crore stuck with customers for a long time and hope to recovery at least 50 percent of that in FY18, he said.
Punj Lloyd Ltd is having an order book of Rs.18,000 Cr plus.
Punj Lloyd traditionally provides integrated design, engineering, procurement construction and project management services in the energy and infrastructure sector. However, it has diversified its interests into aviation, defence and upstream through subsidiaries and joint ventures.

4. RCom today closed at Rs.19.05 in the NSE. Fresh positions can only be taken above Rs.22.50.

5. I have updated the Premium Members on Rasoya Proteins Ltd (Re.0.15) and soon will be recommending a good dividend paying scrip. The interested persons can join the Paid Service at the earliest.

Also, I have a scrip which can double in the short term. Those who can invest 2-3 lakhs (or more) on this B -group, BSE/NSE listed company can ping me at suman2005s@rediffmail. com or sumanm2007s@gmail.com. The profit sharing will be 50:50, between you and my firm.

Important

1. You can take fresh positions in Punj Lloyd Ltd at Rs.19.65, for targets of Rs.23-25. The

company came out with better numbers in Q4FY17.  Infrastructure developer Punj Lloyd Ltd, set up in its present avatar in 1988, had grown quickly into a $2.6-billion business house within two decades. 

Photo: The Times of India

For the full financial year 2017, the company reported a net loss at Rs.850 crore, lower than the Rs.1513 crore net loss reported for financial year 2016. The Group’s order backlog stands at Rs.18,561 crores.  Punj Lloyd Ltd's losses narrowed to Rs.181.58 crore in the fourth quarter of FY17. The company had posted a loss of Rs.396.15 crore for the year-ago. The order backlog is the value of unexecuted orders on March 31, 2017 plus new orders received after that date. 
With the government approval for a new strategic partnership policy in the defence sector, domestic manufacturers like Punj Lloyd Ltd, are hopeful of exploring huge order book (~Rs.2 lakh crore over the next 10 years) opportunities
Also, despite debt, Punj Lloyd's reputation of completing projects with compete quality control has remained intact, according to Industry watchers and analysts. Though the going is tough, the analysts do expect a revival in Punj Lloyd’s fortunes in the not-too-distant future.

2. Those who have invested in Gammon India Ltd (Rs.9.30) can think of switching to Punj Lloyd Ltd, because the scrip is not going anywhere during the last few days.

3. Those of you who have not exited RCom Ltd (Rs.18.30) till now, should keep the last SL as Rs.17.50.I however, find no hope of the stock price revival till August - September or in the short term unless some form of miracle happens. So, best option is to exit RCom and look for greener pastures, elsewhere.

Important Announcement 

1. Do you want to invest in a high dividend paying stock, which can also give a capital gain

of around 30% plus in a year.? You just need to buy and hold and book occasional profits.

2. Do you want to get updates on one of my small cap recommended counters, which I know many of you are holding? This stock can given 100% return in a year.

Then either join my Paid Service or Trade/Invest through my recommended brokerage house with a minimum portfolio size of Rs.1 lakhs by next Thursday, i.e. by 15.06.2017.

So, Rush me a mail at: suman2005s@rediffmail.com/sumanm2007s@gmail.com.

Will the RBI lower rates in the year? 

The answer is definitely yes, though the timing may be uncertain. While inflation is low and trending downwards, the outlook on possible negatives that may be driving inflation forward will be critical in this context. Presently, if inflation remains benign – and there is no reason to think otherwise, a cut of 25 bps may be expected in the next half though it is more likely to be invoked in October when the busy season starts.

---- Madan Sabnavis, chief economist at CARE Ratings, The Business Standard, 7 June, 2017.

Important

Photo: Live Mint

1. Those who have entered Prajay Engineers Ltd can either exitbat Rs.10.70 with minimum loss or keep holding with a SL of Rs.10.40.

2. The Prime Minister, Narendra Modi is likely to take a review of the stalled infrastructure projects. So many infrastructure stocks like MBL Infrastructure Ltd (Rs.35.05), HCC Ltd (Rs.42.45) are doing well. You can buy Gammon India Ltd at Rs.9.50, T: Rs.15. The stock looks good above Rs.9.45. The 1st resistance comes at Rs.10.60, followed by Rs.11.70 and Rs.12.90. In 2013 creditors approved a Rs.13,500 crore CDR package for Gammon. Gammon India in March said it has got members' nod to invest or buy up to 20% stake in Gammon Infrastructure Projects from wholly-owned arm Gammon Power Ltd. The company said it also got member's nod to authorise Gammon Power Limited, a wholly owned subsidiary to divest/sell/dispose off further equity shares of Gammon Infrastructure Projects Limited. Gammon India also announced that the National Company Law Tribunal, Mumbai Bench ('NCLT') has at the hearing held on 30 March 2017, approved the Scheme of Arrangement between Gammon India ('GIL' or 'the Transferor Company') and Transrail Lighting ('TLL' or 'the Transferee Company') and their respective shareholders and creditors ('the Scheme') for transfer of the Company's T&D Undertaking.

3. There are too many uncertainties involved in the share of RCom Ltd (Rs.19.45). I would therefore suggest you to book loss and again enter either above Rs.22.50 or Rs.30.

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.