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. 

Market Mantra

Photo: Mro-Tek Ltd

Buy the shares of Mro-Tek Realty Ltd at around Rs.45-46, for short term targets of Rs.61-62. The company made a turnaround last fiscal and this year it is going fine. For March,'18 quarter the total revenues of the company came at Rs.19.31 crores generating a profit of Rs.11.06 crores and EPS of Rs.5.92. The cash EPS for the quarter was Rs.6.04 according to the data, in the BSE website. 

Today, the stock of PC Jewellers Ltd (Rs.122.90), the 2nd largest jewelry company in India is doing fine. The  risk taking investors can buy the scrip with a strict  SL at Rs.121 on closing basis.

Since, the crude oil prices are rising, one can look at Sugar Counters (...who are also into Ethanol production) like, Balrampur Chini Ltd (Rs.67.70), Sri Renuka Sugars Ltd (Rs.12.35), Dhampur Sugar Mills Ltd (Rs,85.10), etc. 

Overseas, most Asian stocks rose as China refrained from detailing retaliation plans against threatened US tariff increases. The US and China reportedly signaled they were open to resuming negotiations over trade after days of exchanging retaliatory threats. China's trade surplus narrowed to 901.32 billion yuan ($135.4 billion) in the first half of the year, down 26.7% from the same period a year earlier, data showed Friday. In January-June period, China's exports rose 4.9% from a year ago in yuan terms, and imports expanded 11.5% in yuan terms.

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

Winning Strokes: Think Different

Energy Development Ltd today closed at around Rs.15.80 in the NSE. Good rains whole over India is positive for the company. The company is basically into Hydro and Wind power projects. I am expecting a price of around Rs.21 by the end of this month. 

Today, the stock of P C Jewelers Ltd closed at around Rs.121.60. After breaking Rs.126 on the downside, it might test Rs.95 going forward. The traders should exit the scrip and wait for it to close above Rs.127 to take fresh positions. 

Today the market moved up basically because of RIL which gave a closing at Rs.1,082.35 up 4.19%. The price of US crude oil is rallying after Wednesday’s sharp fall prompted by news that Libya’s National Oil Corporation is reopening four oil export terminals. The recovery was prompted by a report from the US Energy Information Administration that US crude oil inventories fell by 12.6 million barrels in the week to July 6, almost three times the drop expected.

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.

Winning Strokes: Think Different

The stock of Vakrangee Ltd (Rs.66.85) almost doubled from the recommended price of Rs.33-34. The stock could find the next resistance around Rs.75, which also happens to be its 50D EMA. When I recommended the stock most from CNBC TV18 and Times Now, were bearish on it and were highlighting the corporate governance issues. Those who had taken my call at that time is now laughing their way into banks.

SKM Egg Products Ltd (Rs.80.50), which is one of the largest egg exporters from India, is planning to triple its domestic market share and achieve ₹500-crore turnover by 2021-22. According to a report on The Hindu, the company's Eggs are exported to more than 26 countries, including Japan, Europe and Russia. On a daily basis, the company processes more than 16.5 lakh eggs per day of which 5.5 lakh eggs are processed in-house and rest procured from private parties.
Though, for the full year, net profit of the company declined 46.37% to Rs.0.96 crore in the year ended March 2018 as against Rs.1.79 crore during the previous year ended March 201; sales rose 44.32% to Rs.282.07 crore in the year ended March 2018 as against Rs.195.45 crore during the previous year ended March 2017.
Lurking fear of Food inflation accompanied by Festive Demand is likely to keep the price of eggs buoyant in the coming days. You can add the scrip in every decline with a short term target of Rs.97.

The scrip of TV Vision Ltd (Rs.8.30) is consolidating near Rs.8-9 ranges. As mentioned umpteen number of times earlier, the scrip is from the reputed Sri Adhikari Brothers and hence, I am expecting it move to Rs.14 by the end of October, '18.

I will probably recommending a momentum counter on Monday. Those who want to invest in that scrip should get enrolled in my Premium Service by Sunday. Also, those who want to know about MBL Infrastructure Ltd (Rs.14.85), 3i Infotech Ltd (Rs.4.32), Urja Global Ltd (Rs.3.43), NDTV Ltd (Rs.51.45) etc, should either trade through my recommended brokerage house (BMA Wealth Creators Ltd) or get enrolled in my Premium Service. Making money from the stock market is not that easy and these days, it is becoming difficult even for the experts to eke out cash from the markets on regular basis. 

Stock market is no longer a PART TIME business. If you do not have time for research, then don't come here and burn your hard earned cash. Invest in Real Estate or Fixed Deposit and enjoy a hassle free life.  Also, if you have lost money in the past, then don't lose hope; gather some funds from somewhere and come to me, I will help you in this respect. 

Pre-Session: Indices may open higher

29-Jun-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19.50 points at the opening bell.

Overseas, Asian stocks were mixed. Japan's industrial production decreased in May following three consecutive months of improvement, government data showed Friday. Industrial output fell 0.2% in May from a month earlier, following April's 0.5% gain, according to the Ministry of Economy, Trade and Industry.

US stocks recovered from earlier declines on Thursday to finish the session higher on the back of gains in banks and technology stocks.

The growth in the US economy in the first quarter was trimmed to 2% from 2.2%. Meanwhile, weekly jobless claims rose by 9,000 in the latest week.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 951.51 crore yesterday, 28 June 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 442.64 crore yesterday, 28 June 2018, as per provisional data.

Domestic stocks logged modest losses yesterday, 28 June 2018, in a highly volatile session of trade on subdued global stocks. The barometer index, the S&P BSE Sensex, fell 179.47 points or 0.51% to settle at 35,037.64. The Nifty 50 index fell 82.30 points or 0.77% to settle at 10,589.10. The Sensex regained the psychological 35,000 mark in volatile trade.

~~Powered by Capital Market - Live News

Winning Strokes

Buy the shares of SKM Egg Products Ltd (Rs.79.35) at around Rs.79-80, for short term targets of Rs.91-97. The company is basically into exports of Egg Products. The INR is depreciating heavily against the USD, this will help the company generate more revenue in term of forex. Apart from this there are media reports that the company is looking to increase its market share from 5% at present to 15% by 2022. SKM Egg, is touted to be India's largest egg producer. It recently launched the "Best Egg White Cube", a revolutionary ready to cook and eat natural egg protein produced under SKM Best brand. The company processes 1.8 million eggs everyday in its EU certified plant and conforms to ISO 22000, BRC, Kosher and Halal Certification requirements. 
Situated about 20 kms from Erode, in Cholangapalayam village, SKM’s 35-acre facility, also in pristine white, looks as much state-of-the-art from the outside as inside. But it is these best-in-class quality standards inside that have put them on the world map and ahead of global competitors.
During the current fiscal, the firm would be investing ₹18 crore in modernisation, expansion and new products. About ₹10 crore had been set aside for modernisation, ₹5 crore for new products and rest for expansion. Promoted jointly by Tamil Nadu Industrial Development Company, this firm has six breaking machines in Erode with an installed capacity of 7,000 tonnes per annum, operating at 70% capacity. Out of the six breaking machines, three will be replaced with big machines and balance refurbished.

Those who are holding the shares of Bhusan Steel Ltd should look to exit if Rs.29 is broken on the downside. You can again enter the scrip when it comes above Rs.29. However, the long term investors can hold the scrip with a SL at Rs.22. 

Vakrangee Ltd hit another buyer freeze at Rs.63.70 in the BSE. The stock has almost doubled from the recommended price of around Rs.33-34.

The shares of 3i Infotech Ltd (Rs.4) is not going anywhere since the last few months, inspite of the company coming out with positive responses in the media. I would suggest the short term investors/traders to not to take fresh positions in the counter or average and exit out near Rs.6.30. 

Market Pulse

Buy Bhusan Steel Ltd at around Rs.34-35, for short term targets of Rs.47-51. There are media reports that the Tata Group is on the fray to buy Bhusan Energy Ltd and pay up its debt. It recently concluded the acquisition of Bhushan Steel Ltd through an insolvency court for Rs.35,200 crore.
Tatas have offered Rs.500-Rs.600 crore to settle the loans of about Rs.2,500 crore of Bhushan Energy, the second company owned by Neeraj Singhal that is facing bankruptcy proceedings. Singhal’s flagship Bhushan Steel was sold to Tata Steel last month under the bankruptcy law. 
Bhushan Energy’s plant is located within the premises of Bhushan Steel’s plant at Meramandali, Dhenkanal district in Odisha and was built primarily to power the steel plant and therefore makes economic sense for Tata to bid for it, said senior bank officials. 

Buy the shares of Jet Airways Ltd at around Rs.381, for short term targets of Rs.491. That  OPEC has decided to increase production might push the crude oil  prices a bit, which has been moving up since some months. 

Those who are holding the shares of Rohit Ferro Tech Ltd (Rs.2.70) can continue to hold with a SL at Rs.2.40. The NCLT is in look out for a buyer. 

You can start accumulating the shares of 63 Moons Technologies Ltd near the support of Rs.77-78. However, the best price to enter the scrip is always near Rs.67-71 region. 

If you are looking for some additional inputs on stocks such as 3i Infotech Ltd (Rs.4.20), MBL Infrastructure Ltd (Rs.15), HDIL (Rs.22), etc you should join the Premium Services or trade through BMA Wealth Creators Ltd.

Winning Strokes

The stock of Jain Irrigation Systems Ltd made a high of Rs.97.4 in the NSE, closing at Rs.96.9 up 2.16%. In the BSE it closed above the psychological level of Rs.97. Intraday, the scrip of Jain Irrigation Systems Ltd made a high of Rs.97.45 in the BSE.

As the advancement of the monsoon slows down, there would be the need for more drip irrigation facilities. I am  looking for a target of Rs.111-117 in the coming days. This is not a momentum counter. 

The stock of Rohit Ferro Tech Ltd (Rs.2.75) the buyer freezes in both the exchanges. This is the 2nd consecutive buyer freezes it hit after it was recommended to the Premium Members. The rise in the price of Ferro Chorome, will augur well for the company, apart from  the other vital developments. I will recommend another such stock on Next Sunday, to be bought on next Monday -- those who are willing to know the name, should join the Premium Services. 

The scrip of Jaiprakash Associates Ltd which was recommended around Rs.14-15, to the Premium Members, today made an intraday high of Rs.17.7  in both the exchanges. It closed at Rs.16.95 in the BSE today. I am looking for a short term target of Rs.21 and Rs.27-29 by the end of this month. Those who are holding the shares of Jaypee Infratech Ltd (Rs.6.05) since around Rs.5, when the buy call was initiated to the Premium Members [i.e. on 21 May, '18], should hold it with a SL at Rs.4.6 and wait for it to cross Rs.6.25-6.30 zone with good volumes. 

The scrip of 3i Infotech Ltd today made an intraday high of Rs.4.45 in the BSE before closing at Rs.4.40.  The short term traders should average the scrip and exit around the resistance zone of Rs.6-6.30. However the long term investors can hold the scrip for a target of Rs.7-9 by January, 2019.

Today the stock of MBL Infrastructure Ltd hit the upper circuits at Rs.15.45 in the NSE. We can look forward for the targets of Rs.17-18, in the coming days, as the construction sector has started to move up, according to the Indian Finance Minister, Mr.Arun Jaitley.