Winning Strokes: Think Different

Key benchmark indices logged modest losses in a highly volatile session of trade amid negative global cues. The barometer index, the S&P BSE Sensex, fell 139.61 points or 0.37% at 38,018.31. The Nifty 50 index lost 43.35 points or 0.38% at 11,476.95. The Sensex regained the psychological 38,000 mark after sliding below that level in intraday trade. Global stocks dropped as heightened worries over international trade conflicts curbed investor appetite for riskier assets.

The Sensex fell 139.61 points or 0.37% at 38,018.31, its lowest closing level since 17 August 2018. The index rose 92.69 points, or 0.24% at the day's high of 38,250.61. The index fell 383.50 points, or 1.01% at the day's low of 37,774.42.

The Nifty 50 index fell 43.35 points or 0.38% at 11,476.95, its lowest closing level since 17 August 2018. The index rose 22.35 points, or 0.19% at the day's high of 11,542.65. The index fell 126.45 points, or 1.10% at the day's low of 11,393.85.

The S&P BSE Mid-Cap index fell 0.61%. The S&P BSE Small-Cap index fell 0.52%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 1041 shares rose and 1719 shares fell. A total of 170 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Telecom index (down 2.24%), the S&P BSE Consumer Durables index (down 1.85%), the S&P BSE FMCG index (down 1.1%), the S&P BSE Capital Goods index (down 1.02%), the S&P BSE Energy index (down 0.98%), the S&P BSE Realty index (down 0.86%), the S&P BSE Teck index (down 0.6%), the S&P BSE Consumer Discretionary Goods & Services index (down 0.49%), the S&P BSE Industrials index (down 0.48%), the S&P BSE Oil & Gas index (down 0.47%) and the S&P BSE IT index (down 0.37%), underperformed the Sensex. The S&P BSE Finance index (down 0.35%), the S&P BSE Bankex (down 0.07%), the S&P BSE Utilities index (up 0.07%), the S&P BSE Power index (up 0.10%), the S&P BSE Auto index (up 0.28%), the S&P BSE Basic Materials index (up 0.29%), the S&P BSE Healthcare index (up 0.66%) and the S&P BSE Metal index (up 1.13%), outperformed the Sensex.

On the macro front, August survey data signalled a slower rise in business activity across India's service sector, primarily driven by the weakest growth in new work in three months. The seasonally adjusted Nikkei India Services Business Activity Index fell from July's 21-month peak of 54.2 to 51.5 in August, signalling the slowest growth in the current sequence. The data was released during market hours today, 5 September 2018.

Overseas, European stocks were trading lower, as renewed concerns over international trade conflicts hampered investors' appetite for riskier assets. Asian stocks ended lower amid continued pressure in many emerging markets and as trade tensions persisted. US stocks fell yesterday, 4 September 2018, with all major indexes finishing lower, as investors looked ahead to a busy week of trade negotiations and economic data.

Trade tensions were a key focus for investors, with the US reportedly scheduled to restart tense negotiations with Canada that could lead to way to revising the North American Free Trade Agreement. Over the weekend, President Donald Trump threatened to leave Canada out of any new Nafta pact. The president of the country's largest group of labor unions said that Nafta won't work if it doesn't include Canada.

On the macro front, the Institute for Supply Management's manufacturing survey rose to 61.3 in August, its highest level since May 2004. Separately, the IHS Markit reading on August manufacturing came in at 54.7, compared with 55.3 in July.

#Mandhana Industries Ltd (Rs.6.85) as expected is hitting the upper circuits. We can look forward for higher targets in future as the company expands its overseas business. 

#The shares of J P Associates Ltd (Rs.11.50) has made a 52-week low of Rs.10.70, after Rakhesh Jhunjhunwala increased its stake and is now trading near that price only. When Rakesh Jhunjhunwala increased his holding in the company my good friend Ashish Chugh, commented: "What a clarity of thought".  However this clarity of thought is what has taken the share to yearly lows. Now even the media is silent on  this......and will probably forget, if the share continues to make further lows. Hero worshiping and flattering, big guns has been a part of our system. If you remember I had recommended J P Associates Ltd when it was trading near Rs.7 levels in this blog, after that the stock gave around 4 times returns from that price. I also asked all to exit the share when it broke a key support point. 

#The shares of Mro Tech Reality Ltd (Rs.48.05) which was recommended several times in this blog at various prices has been hitting the upper circuits since some time. It is nearing its target of Rs.51, which I mentioned earlier in this blog. 

#The shares of HDIL (Rs.32.85) which  recommended at various prices reached my recent target of Rs.35 (intraday high: Rs.35.60) and naturally profit booking was suggested in the scrip. I had asked all the Premium Members to average the scrip, when it fell near its 52-week lows and exit at around Rs.32-35, which I feel most have done... Those who are still holding the stock are suggested to book profits and take fresh positions only above Rs.37.50.

#I will be giving fresh inputs on TV Vision Ltd (Rs.6) and 3i Infotech Ltd (Rs.3.50), to the Premium Members soon, along with a recommendation of a short term momentum counter. Those who want to know the name of that scrip in advance, should join my Premium Service. Also, due to, tight work schedule and due to my chequered health conditions, this blog may not be updated on daily basis, like I used to do earlier, however, the Premium Members will get inputs on their Whatsapp on regular basis. 

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

Winning Strokes:Think Different

Yesterday, morning I came from KEM Hospital, Parel, Bombay after treatment for fever, cough, headache and other allied problems. Hence the blog could not be updated. However, I was there in the markets today and hence decided to put some inputs for the ardent blog readers. The repeated illness and other domestic problems, during the last few months have made me frail and mentally disturbed. 

Anyway, the Sensex ended with small losses while the Nifty ended almost flat amid negative global cues after US President Donald Trump stepped up his tough talk on trade. The barometer index, the S&P BSE Sensex, fell 45.03 points or 0.12% to settle at 38,645.07. The Nifty 50 index rose 3.70 points or 0.03% to settle at 11,680.50.

Broader market clocked decent gains. Among secondary barometers, the BSE Mid-Cap index rose 0.35%. The BSE Small-Cap index rose 0.55%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, rose 1440 shares rose and rose 1236 shares fell. A total of rose 184 shares were unchanged.

Indian export related pharma and IT companies rallied after the rupee depreciated past 71 per dollar, its lowest level against the dollar. I have asking all to buy IT stock since the last few week. My call on Nitesh Estate Ltd (Rs.7.45) was somewhat anchored on this theme....

Among IT shares, MindTree (up 5.92%), Tech Mahindra (up 4.80%), HCL Technologies (up 2.93%), Infosys (up 1.59%), Hexaware Technologies (up 1.28%), Wipro (up 0.94%), MphasiS (up 0.21%) and Oracle Financial Services Software (up 0.14%), edged higher. TCS (down 0.06%) and Persistent Systems (down 0.82%), edged lower.

Among pharmaceutical shares, Dr Reddy's Laboratories (up 4.67%), Lupin (up 4.35%), Cadila Healthcare (up 3.73%), Aurobindo Pharma (up 3.50%), Piramal Enterprises (up 2.39%), Sun Pharmaceutical Industries (up 1.99%), Cipla (up 1.76%), Alkem Laboratories (up 1.75%), GlaxoSmithKline Pharmaceuticals (up 1.20%), Strides Shasun (up 1.18%), Glenmark Pharmaceuticals (up 1.08%), IPCA Laboratories (up 1%) and Divi's Laboratories (up 0.54%), edged higher. Wockhardt fell 0.14%.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 70.91, compared with closing of 70.7350 during the previous trading session.

On macro front, India reported on Friday a fiscal deficit of Rs 5.40 lakh crore for April-July, or 86.5% of the budgeted target for the current fiscal year compared with 92.4% a year earlier. Net tax receipts in the first four months of 2018-2019 fiscal year that ends in March 2019 were Rs 2.93 lakh crore, government data showed.

Overseas, European stocks fell following a downbeat session in Asia after US President Donald Trump stepped up his tough talk on trade. Asia shares declined as Wall Street ended its four-day winning streak in the last session, following a report that US President Donald Trump voiced his support for moving forward with more proposed tariffs.

China reported on Friday that factory activity was higher than expected in August, with the official manufacturing Purchasing Manager's Index (PMI) coming in at 51.3. A reading above 50 indicates expansion, while a reading below that signals contraction. China's official services PMI for August rose to 54.2 for August against 54.0 in July, the National Bureau of Statistics reported.

In US, stocks snapped a four-day winning streak to finish lower Thursday, with the Dow falling back below 26,000. Media reported that Trump said to his aides that he supports going ahead with the imposition of proposed tariffs on an additional $200 billion in Chinese goods. The report did, however, also mention that Trump has not made up his mind on the matter. The White House declined to comment on the report.

On the US data front, initial jobless claims, a barometer of layoffs, rose by 3,000 to 213,000 in the week ended 25 August 2018. Nonetheless, the monthly average of claims fell by 1,500 to 212,250, the lowest level since December 1969.

Consumer spending climbed 0.4% in July, according to a government reading. Incomes rose 0.3%. And the 12-month increase in the PCE index, the Federal Reserve's preferred inflation gauge, rose to 2.3% from 2.2%, marking the highest level since April 2012, suggesting the Fed is likely to maintain its hawkish bias.

#Today's recommended momentum counter  to the Premium Members, Reliance Naval and Engineering Ltd hit the buyer freeze at Rs.16.85. The next target for the scrip is Rs.19. But do you know why it has started to hit the Upper Circuits again? Join Premium Information Services. 

Today's recommended mid cap scrip HDIL moved to Rs.33,10 before closing at Rs.32.75, up around 7.91% in the BSE. The scrip almost doubled from the recently made low, where it was recommended to the Premium Members for accumulation.. If you want to make money on consistent basis, then there is a need to take help from experts or from the professionals in this trade. 

My strongly recommended counter Mandhana Industries Ltd (Rs.6) today hit another buyer freeze. The stock has given a 90 days break out on daily charts. The target of Rs.9.6, remains intact. Stay invested.

The stock of TV Vision Ltd today made a high of Rs.6.39 in the BSE before closing at Rs.6.20, while the stock of Sri Adhikari Brothers Ltd, one of its group companies closed flat at Rs.7.3. The company has come up with a new plan to cut its debts. 

I will be recommending another small cap momentum counter to the Premium Members. Those who are interested to know the name should join the Premium Service, by Sunday. If you want to make good money from this rally, then help from the veterans in the market, would be an added advantage. 

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

Winning Strokes:Think Different

Domestic stocks logged strong gains on upbeat global cues. The barometer index, the S&P BSE Sensex, gained 442.31 points or 1.16% to settle at 38,694.11. The Nifty 50 index gained 134.85 points or 1.17% to settle at 11,691.95. The Sensex and the Nifty, both, attained record high levels in intraday as well as on closing basis.

Among secondary barometers, the BSE Mid-Cap index rose 1.07%. The BSE Small-Cap index rose 0.70%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1451 shares rose and 1265 shares fell. A total of 218 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Power index (up 2.37%), the S&P BSE Bankex (up 1.69%), the S&P BSE IT index (up 1.54%) outperformed the Sensex. The S&P BSE Realty index (down 0.16%), the S&P BSE Healthcare index (up 0.49%) and the S&P BSE FMCG index (up 0.65%) underperformed the Sensex.

Filatex India rose 9.52%. Filatex India said that the board of directors of the company at its meeting held on 25 August 2018 has considered and approved raising of funds upto an amount of Rs.150 crore by way of issue of equity shares, American Depository Receipts, Global Depository Receipts, convertible bonds / securities through qualified institutional placement/ others. The announcement was made on Saturday, 25 August 2018.

Overseas, Asian and European stocks gained as investors react to comments from US Federal Reserve Chairman Jerome Powell on the US central bank's policy tightening path. This also follows an announcement by China's central bank regarding the yuan's daily midpoint the same day.

In US, the S&P 500 and Nasdaq Composite reached all-time highs on Friday as Netflix shares rose. Sentiment was also boosted by strong earnings and solid economic data being reported earlier last week.

Last Friday, Powell delivered a speech at the Jackson Hole Symposium in Wyoming, where leading central bankers met to discuss the future of monetary policy. He said further, gradual rate hikes were likely in the future, noting the economy is strong and able to withstand tighter monetary policy.

Powell's comments came hours after the People's Bank of China announced that it was tweaking its methodology for the fixing of the yuan's daily midpoint in an effort to stabilize the currency market.

The scrip of Bharat Heavy Electricals Ltd (Rs.79.85) touched Rs.81.30 in the BSE. This is an excellent scrip to be accumulated for the long term.

The stock of TV Vision Ltd (Rs.5.97) has been going down after making a double top at around Rs.6.50. I however, feel that dips should be used as accumulation points for medium to long term benefits. The RSI is at 49.93. The company has come up with new debt resolution plan which is under consideration of the lenders. Recently in ET, Sachin Relekar, Fund Manager-Equity at LIC Mutual Fund said: "Investors putting money in midcap and smallcap funds for longer time frame should have higher tolerance against volatility, as the domestic market has many macro headwinds lying in wait". 

The scrip of Kwality Ltd has hit Lower Circuit at Rs.24.3 in the NSE. I had earlier mentioned in this blog to book some profits due to the presence of strong resistance zones between Rs.23-25. Hope most of you have done the same. 

The scrip of Manappuram  Finance Ltd (Rs.101.25) which was recommended around Rs.13 in 2013, gave around 9 (nine) times return (in 5 years) to the patient investors. The stock earlier made a high of Rs.130.45 in the NSE. This is what you get in the long term, if your choice of scrip is correct, coupled with good future visibility. Keep holding with a SL at Rs.92.

The stock of MBL Infrastructure Ltd was recommended to the Premium Members as a buy for the short term with a target of Rs.24 and SL of Rs.17. The scrip made a high of Rs.20.80 in the NSE.  

I will be recommending another short term Small Cap stock with satisfactory fundamentals to the Premium Group members, this week. The name of the share along with resistance points, stop losses and targets will be delivered in their Whatsapp address. Those who want to know the name in advance, should join the Premium Service. Also, due to repeated fevers and on account of too much work on other verticals, I am not able to update this blog on regular basis. Hope the things will get streamlined in future, by the grace of God, with my health condition improving a bit. 

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

Winning Strokes: Think Different

Photo:Green Summit

Key benchmark indices settled with small gains after a quiet session of trade. The barometer index, the S&P BSE Sensex, rose 7 points or 0.02% to settle at 38,285.75. The Nifty 50 index rose 19.15 points or 0.17% to settle at 11,570.90. The Sensex and the Nifty, both, attained record high on intraday as well as closing basis.

Domestic stocks reversed intraday gains soon after a gap-up opening pushed the Sensex and the Nifty to record high. Stocks once again regained positive zone in morning trade. A divergent trend was witnessed in mid-morning trade as the Sensex was trading with small losses while the Nifty was trading with small gains. Key benchmark indices were trading a tad below the flat line in early afternoon trade. Stocks thereafter hovered in a small range near the flat line with bouts of rise and fall.

The Sensex rose 7 points or 0.02% to settle at 38,285.75, its record closing high. The index hit high of 38,402.96 in intraday trade, its record high. The index hit low of 38,213.87 in intraday trade.

The Nifty 50 index rose 19.15 points or 0.17% to settle at 11,570.90, its record closing high. The index hit high of 11,581.75 in intraday trade, its record high. The index hit low of 11,539.60 in intraday trade.

The S&P BSE Mid-Cap index rose 0.52%. The S&P BSE Small-Cap index rose 0.34%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1338 shares rose and 1386 shares fell. A total of 169 shares were unchanged.

Coal India (up 2.59%), Axis Bank (up 1.92%), NTPC (up 1.7%), Sun Pharmaceutical Industries (up 1.69%) and Reliance Industries (up 0.94%) edged higher from the Sensex pack.

Tata Steel (down 2.86%), Hindustan Unilever (down 1.3%) and Vedanta (down 1.17%) edged lower from the Sensex pack.

Pharma stocks gained. Cadila Healthcare (up 2.57%), Cipla (up 1.08%), Dr Reddy's Laboratories (up 1.35%), Glenmark Pharmaceuticals (up 4.36%), Sun Pharmaceutical Industries (up 1.69%), Aurobindo Pharma (up 0.42%) and Wockhardt (up 0.81%) rose. Alkem Laboratories (down 1.3%) and GlaxoSmithKline Pharmaceuticals (down 0.73%) fell.

NR Agarwal Industries fell 2.24% after the company said that the operations of the company's Unit - I located at Vapi, Dist. Valsad shall be temporarily shut down for a period of 15 days with effect from 27 August 2018 for the purpose of annual maintenance and technological upgradation. The announcement was made after market hours yesterday, 20 August 2018.

Overseas, Asian and European shares rose on optimism over trade talks between the United States and China. Immediate focus was on the lower-level trade talks due to start this week between the United States and China. However, this week will also see the imposition of 25% tariffs on $16 billion worth of Chinese imports, an action by the Trump administration that China has said it would retaliate against.

US stocks closed higher for a third session Monday as a pair of billion-dollar deals reaffirmed confidence that the US economy continues its steady expansion. Meanwhile, the minutes from the Federal Reserve's most recent meeting will be released later in the global day today, which could provide insight into the central bank's thinking in terms of policy changes.

#Accumulation is going on in the stock of Mandhana Industries Ltd (Rs.4.85) around Rs.4.65-5.10 levels. Mandhana Industries reported a lower net loss of Rs.4.61 crore in the quarter ended June 2018 as against net loss of Rs.76.33 crore during the previous quarter ended June 2017. Sales however declined by 22.57% to Rs.66.93 crore in the quarter ended June 2018 as against Rs.86.44 crore during the previous quarter ended June. In 2016, Mandhana Industries Ltd and The Salman Khan Foundation terminated the brand license agreement and entered into a global trademark license agreement up until 31 March 2020. Under the licensing agreement, Mandhana Industries Ltd is entitled to design, manufacture, retail and distribute the products (Men’s and Women’s wear) under the trademark brand Being Human.
Fortunes of the clothing line has tracked the rise, and sometimes the fall, of the Bollywood superstar.
The rise began after Salman Khan’s second innings started with the success of Wanted in 2009. The success of the movie translated into the success of the apparel brand.
The brand, which is present in 15 countries, is now increasing its footprint. Venturing now into USA, United Kingdom, Far East and Sri Lanka, Being Human is more of Khan’s swag on the shelves than being just another clothing brand. It was first launched in France and later ventured into Middle East, Nepal, Mauritius, Nepal and Fiji. The brand already has a global footprint of 500 point of sales in more than 15 countries.
“Alongside other countries we are also debuting in Canada at Holts wherein we will showcasing our collection through a pop up at Holts-Canada’s leading departmental store. Our goal has always been to be a global brand,” said Manish Mandhana, CEO, the Mandhana Retail Ventures. The stock could anytime start hitting the UCs, stay invested. You need to have patience in these kinds of scrips. 

The shares of TV Vision Ltd and Sri Adhikari Brothers Network Ltd today as expected hit their respective UCs at Rs.6.4 and Rs.8.10 respectively. The company has last month placed a new revival package with the lenders, which the latter is scrutinizing. This has created a fresh optimism in the counters. Targets remain the same but please do keep Stop Losses.

The scrip of Bangaluru based Nitesh Estates Ltd today closed flat at Rs.7.80, after touching an intraday high  of Rs.8. The share has three embedded themes: (i) Retail Story with Shopping Mall (ii) The buoyancy in the IT sector due to the depreciation in the INR (iii) Real Estate Story.
If you want to enter this counter, then kindly  have a minimum time frame of 3-6 months, I mean till January, 2019. The target and SL remains the same.

The stock of Kwality Ltd hit another buyer freeze at Rs.25.60 in the NSE, today. The share has more doubled from the recommended price of Rs.12.50, in a little over one month. How will the stock expected to behave in the short term?

The stock of Tata Steel Ltd today moved to Rs.602.45 before closing at Rs.582.15. Hope most of you booked profit and exited at the SL of Rs.591 provided yesterday on this blog. You can again accumulate after the scrip price stabilizes around Rs.586-587 ranges.

#For medium to long term investments like your FDs, you can look at the scrip of BHEL at the CMP of around Rs.75.50. The medium to long term targets could be Rs.130-141. The stock was recommended to the Premium Group members on last Sunday at around Rs.73-74.
Bharat Heavy Electricals Limited (BHEL), one of the largest Engineering and manufacturing enterprises in India, has a significant presence in the fields of Power Generation, Transmission, Transportation, Industry, Oil & Gas and Renewable energy sources. The Electronics Division of BHEL, located in Bangalore, is a pioneer in Power plant Automation, Power Electronics, Solar Photovoltaic cells & modules and has state-of-the-art facilities for manufacturing these systems.
BHEL specializes in providing Concept to Commissioning solutions for MW size Solar PV Plant which include site surveys, preparation of feasibility reports for deployment of PV systems, Design, Supply, Installation and Commissioning of the plants as well as After Sales Service.

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

Market Mantra

Stocks extended gains and hit fresh intraday high in morning trade. At 10:18 IST, the barometer index, the S&P BSE Sensex, was up 303.13 points or 0.8% at 38,251.01. The Nifty 50 index was up 71.85 points or 0.63% at 11,542.60. The Sensex and the Nifty, both, scaled fresh record high. Capital goods stocks edged higher. Positive Asian stocks boosted sentiment on domestic bourses.

Domestic stocks drifted higher in early trade, with the Sensex and the Nifty, both, scaling record high.

The S&P BSE Mid-Cap index was up 0.68%, outperforming the Sensex. The S&P BSE Small-Cap index was up 0.39%, underperforming the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1331 shares rose and 729 shares fell. A total of 121 shares were unchanged.

Overseas, Asian stocks rose following a higher finish on Wall Street last Friday as investors awaited developments on proposed US-China trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira. US stocks rose on Friday on strength in technology hardware shares and optimism for a resolution in America's trade dispute with China.

Back home, capital goods stocks edged higher. GE T&D India (up 1.12%), ABB India (up 0.59%), Bharat Heavy Electricals (Bhel) (up 1.22%), BEML (up 0.27%), Bharat Electronics (up 0.47%), Punj Lloyd (up 0.35%) and Siemens (up 0.31%) gained. Thermax (down 0.05%) fell.

Larsen & Toubro (L&T) gained 5.93% after the company announced that its board will meet on 23 August 2018, to consider a proposal for buyback of equity shares of the company. The announcement was made on Saturday, 18 August 2018.

CG Power and Industrial Solutions (CG) rose 1.26% after the company entered into a strategic alliance agreement with TENAGA Switchgear Sdn. Bhd., Malaysia (TSG) to leverage each company's unique strengths and assets to expand market reach and enhance customer base in Southeast Asia-Pacific (SEAP), particularly Malaysia. The alliance further cements the existing strong bond between CG and TSG where CG is already a key partner to Tenaga Switchgear on power transformers and circuit breakers.

The agreement between the companies includes product development and promotion of 11 kV Gas Insulated Switchgear (GIS) in Malaysia to address the rapidly growing demand in this region. As per the agreement, both the companies will collaborate in the Malaysian market. The announcement was made after market hours on 17 August 2018.

Mangalore Chemicals & Fertilizers jumped 9.76% after the company announced that, Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India, vide its letter dated 14 August 2018, has accorded the Environmental Clearance (EC) to the project for expansion cum modernisation of a fertilizer plant. The announcement was made after market hours on 17 August 2018.

#Today's morning call Nitesh Estate Ltd (Rs.7.80) at Rs.7.90 moved to Rs.8.10, during the intraday. Founded in 2004, the Bangaluru based Nitesh Estates Ltd has predominantly been a residential player, apart from having presence in commercial offices, hospitality and retail assets. It may be recalled that Nitesh Pune Mall, a subsidiary of Nitesh Estates, had intimated to the stock exchanges on 25 October, 2017 regrading its discussion with certain investors for raising capital of over Rs.350 crore.
In another development, there were media reports that almost all the big developers such as DLF, Prestige, Brigade, Phoenix Mills, L&T, Nitesh Estates and a host of regional and local developers are building malls. An n estimated 7.8 million square feet of mall space is expected to come up this year, the highest ever supply since 2011, according to property consultancy JLL. This is 40 per cent more compared to last year. The next three years -- 2018 to 2020 -- are expected to see around 20 million sq ft of space hitting the market, JLL said. Experts said the booming retail sector and evolving shopping scenario in Tier II and Tier III cities were driving the new supply.
This Bangaluru based Real Estate company is likely to get positive effects due to buoyancy in the IT sector, following the depreciation of the INR. If you have the capacity to hold the scrip for 3-6 months, I mean till January,, '19, the scrip could give good returns. 

#The stock of Mandhana Industries Ltd (Rs.4.85) today moved to Rs.5.15 in the NSE. After such spectacular quarterly results, I am sure the scrip will slowly move towards the next target of Rs.9.7. The export oriented Textile and IT stocks are likely to outperform the market, in the coming days. Another thing: Someone in Bollywood told me that Mandhana Industries Ltd (Rs.4.85) is actually an Alvira Khan Agnihotri Venture.. Can anyone confirm?
It's rise began after Salman Khan’s second innings started with the success of Wanted in 2009. The success of the movie translated into the success of the apparel brand.
The brand, which is present in 15 countries, is now increasing its footprint. Venturing now into USA, United Kingdom, Far East and Sri Lanka, Being Human is more of Khan’s swag on the shelves than being just another clothing brand. It was first launched in France and later ventured into Middle East, Nepal, Mauritius, Nepal and Fiji. The brand already has a global footprint of 500 point of sales in more than 15 countries.
“Alongside other countries we are also debuting in Canada at Holts wherein we will showcasing our collection through a pop up at Holts-Canada’s leading departmental store. Our goal has always been to be a global brand,” said Manish Mandhana, CEO, the Mandhana Retail Ventures.

#The scrip of TV Vision Ltd as expected and as mentioned to the Premium Members have tested its support at Rs.5.6-5.7 ranges and is now up today at Rs.6, up 5.26% in the NSE. The intraday high for the share is Rs.6.10. 

#The share of Sri Adhikari Brothers Television Network Ltd has tested its immediate supports mentioned to the Premium Members on Whatsapp and is now at the Upper Circuits at Rs.7.75, up 9.93%. It made an intraday low of Rs.7.05, just a tad above its support. To get such suggested on your Whatsapp, Join the Premium Information Services soon. Now highly discounted Life Time Offer (30 years) is going on, which you can subscribe. 

Tata Steel Ltd was given a buy yesterday at around Rs.580.15 to the Premium Members. The stock today made a high of Rs.598.7 and is now trading at Rs.597.40. Those who have already taken short term positions for targets of Rs.625-675, should hold with a SL at Rs.591.

#The share of Den Networks Ltd today made an intraday high of Rs.56.45 and is now trading at Rs.55.60 What are Traders and Long term investors, suggested to do with the scrip? To know, you need to trade through my associated brokerage house: BMA Wealth Creators Ltd (www.bmawc.com) with a minimum portfolio size of Rs.2 lakhs or Join the Premium Information Service. You will get constant updates on your Whatsapp apart from director calls to my cell number. 

I reiterate the word of caution once again: In these kinds of markets when even the experts and veteran traders find difficult to make money on a consistent basis, it would be near SUICIDAL for the NOVICES to try on their own. Remember, you are competing with the bests of the Financial World who have been in this space for more than 2-3 decades.. Hence beating these professionals on a regular basis to eke out profits from the Share Market is not that easy. I believe, Indian Stock Markets dotted by FPIs and Mutual Fund Gurus, has now become a place ONLY for highly professional traders and investors -- there is no chance for amateurs...in fact they have been weeded out long back.

#I have recommended a Large Cap Counter to the Premium Members yesterday night at around Rs.72-73, whose name will be disclosed tomorrow in this blog after 10 am in the morning. The said scrip is more like a Fixed Deposit investment, with returns 2-3 times more than those instruments....The CMP of the scrip is Rs.74.5, after it made an intraday high of Rs.75.40 in the NSE. The short term targets were also given to Premium Members on their Whatsapp. To know the name in advance, your should join the Special Information Group.

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

Market Mantra

Photo: Meriduniya.net

Key benchmarks came off day's low and were trading with minor losses in morning trade. At 11.29 IST, the barometer index, the S&P BSE Sensex, was trading at 37,872.36 up 20.36 points (+0.05%) while NSE  was seen at  11,442.20 up 7.10 points (+0.06%) Trading sentiment was fragile due to negative Asian stocks.

Broader market bounced back. Among secondary barometers, the BSE Mid-Cap index was up 0.05%. The BSE Small-Cap index was up 0.32%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1116 shares rose and 973 shares fell. A total of 106 shares were unchanged.

Drug major Sun Pharmaceutical Industries was up 2.22% after the company announced securing US Food and Drug Administration (FDA) approval for CEQUA. The announcement was made before market hours today, 16 August 2018. CEQUA (cyclosporine ophthalmic solution) 0.09% is indicated to increase tear production in patients with keratoconjunctivitis sicca (dry eye).

Overseas, Asian stocks declined, tracking overnight fall in the US market. Japan logged a bigger-than-expected trade deficit in July as the cost of energy imports surged, government data showed Thursday. The trade deficit came to 231.2 billion yen ($2.1 billion) following a revised 720.8 billion yen surplus in June, according to a preliminary report by the Finance Ministry. Exports grew 3.9% from a year earlier to 6.75 trillion yen amid an increase in demand for electronic components from the rest of Asia, but were overshadowed by a 14.6% rise in imports to 6.98 trillion yen.

Mandhana Industries Ltd (Rs.4.65) hit the upper circuits in the morning trade at Rs.4.95. The company is having a couple of bidders ready for the resolution of its debt. Recently, there were media reports that Bollywood superstar Salman Khan's Being Human Clothing operating as the retail division of The Mandhana Industries has forayed in Tamil Nadu market by setting up of its first company outlet store in Chennai. The Being Human Clothing store is spread across 1,322 square foot in the newly opened outlet Palladium Mall at Velacherry. 
The company has trimmed down its losses to Rs 4.61 crore in the quarter ended June 2018 as against a net loss of Rs 76.33 crore during the previous quarter ended June 2017. Sales however declined by 22.57% to Rs 66.93 crore in the quarter ended June 2018 as against Rs 86.44 crore during the previous quarter ended June 2017. You can buy for a target of around Rs.9.7, in the short term. Also, the depreciation of INR is positive for the textile sector.

The shares of TV Vision Ltd (Rs.5.85) hit another lower circuit today, after profit booking was suggested to the Premium Members, a couple of days back. Similarly, the scrip of Sri Adhikari Brothers Television Network Ltd (Rs.7.40) also hit the lower circuits. The supports for both these scrips were mentioned to the Premium Members a couple of days back. Also, the reasons for their sudden upmove was also told to the Premium Members. If you want to know, then you need to join the Premium Service. 

Now, HIGHLY DISCOUNTED Life Time (30 years) Subscription Offer at the rate of only Rs.2000 per year for Non-F&O segment and Rs.3333 per year for F&O space is going on; for my information service. The cumulative amount for the said period has to be paid in one shot. There is NO INSTALLMENT facility. 

The scrip of Den Networks Ltd today is trading at Rs.57.52, after making a high of Rs.58.2. You can start accumulating the scrip for a short term target of Rs.71, keeping a SL at Rs.52. This scrip is likely to give good returns going forward, as it is likely to be a takeover candidate. 

The stock of J P Associates Ltd (Rs.13) is languishing at the current ranges.  Though, the big bull Rakesh Jhunjhunwala has increased his holding in the company, I would suggest you to stay away from this counter till more clarity emerges, regarding its bid for J P Infratech. I have recommended this stock a number of times earlier in this blog, and in most of the cases the traders have money in the scrip. 

The share of Reliance Communications Ltd today made an intraday high of Rs.21.35 and is now trading at Rs.20.80. Those who are holding the scrip since Rs.13 levels are suggested to book profits and wait for the stock to close above Rs.23, to take a fresh entry. 

The stock of Kwality Ltd hit another buyer freeze at Rs.22.15. However, I would suggest you to book some profits and hold the rest with a SL at Rs.21. The scrip was recommended to the Premium Members at around Rs.12.50. 

The share of Reliance Naval and Engineering Ltd has hit the lower circuits at Rs.17.15. The traders are suggested to exit the counter, in any intraday rise. I had recommended the scrip at around Rs.13, a couple of months back in this blog. The stock make a recent high of around Rs.20 giving good returns to the short term players. 

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

Pre-Session: Shares may slide at opening bell

16-Aug-18: Market is seen opening lower, tracking mixed leads from Asian market and overnight decline on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 24 points at the opening bell.

Overseas, most Asian stocks declined, tracking overnight fall in the US market. Japan logged a bigger-than-expected trade deficit in July as the cost of energy imports surged, government data showed Thursday. The trade deficit came to 231.2 billion yen ($2.1 billion) following a revised 720.8 billion yen surplus in June, according to a preliminary report by the Finance Ministry. Exports grew 3.9% from a year earlier to 6.75 trillion yen amid an increase in demand for electronic components from the rest of Asia, but were overshadowed by a 14.6% rise in imports to 6.98 trillion yen.

In US, stocks came off intraday lows but still closed lower Wednesday as worries surrounding Turkey's currency crisis and continued trade tensions weighed on investors' confidence. A sharp fall in oil prices sent the energy sector skidding, making it the worst S&P 500 performer.

On the US data front, retail sales rose 0.5% in July. Excluding auto sales, they were up 0.6%. Separately, second-quarter productivity rose 2.9%, the highest rate in more than three years. Output in the second quarter was up 4.8%. The Empire State manufacturing index rose 3 points to 25.6 in August, the New York Fed said Wednesday, topping expectations for a reading of 20.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 378.84 crore on Tuesday, 14 August 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 391.47 crore on Tuesday, 14 August 2018, as per provisional data.

Key benchmark indices logged modest gains on Tuesday, 14 August 2018, snapping two-day losses, after retail inflation slowed to a nine-month low. The barometer index, the S&P BSE Sensex, rose 207.10 points or 0.55% to settle at 37,852. The Nifty 50 index rose 79.35 points or 0.70% to settle at 11,435.10. The Indian stock market was shut on Wednesday, 15 August 2018, on account of Independence Day.

~~Powered by Capital Market - Live News.....

Winning Strokes: Think Different

Photo: Indian Textile Journal

Key benchmark indices logged modest gains in a steady session of trade, snapping two-day losses, after retail inflation slowed to a nine-month low. The barometer index, the S&P BSE Sensex, rose 207.10 points or 0.55% to settle at 37,852. The Nifty 50 index rose 79.35 points or 0.70% to settle at 11,435.10. After seeing gap-up opening, indices firmed up as the session progressed.

The Indian stock market will remain shut tomorrow, 15 August 2018, on account of Independence Day.

Among secondary barometers, the BSE Mid-Cap index rose 0.89%, outperforming the Sensex. The BSE Small-Cap index rose 0.53%, underperforming the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1317 shares rose and 1367 shares fell. A total of 149 shares were unchanged.

Among the sectoral indices on BSE, the S&P BSE Healthcare index (up 2.48%), the S&P BSE Realty index (up 1.84%), the S&P BSE Bankex (up 0.96%) outperformed the Sensex. The S&P BSE Capital Goods index (down 0.51%), the S&P BSE Power index (down 0.14%), the S&P BSE Metal index (up 0.23%), underperformed the Sensex.

Tata Steel rose 1.7%. On a consolidated basis, Tata Steel reported 109.98% rise in profit after tax to Rs 1934 crore on 22.14% rise in turnover to Rs 37833 crore in Q1 June 2018 over Q1 June 2017. The Q1 June 2018 resul was announced after market hours yesterday, 13 August 2018.

Tata Steel India operations' EBITDA jumped by 75.2% to Rs 5118 crore in Q1 June 2018 over Q1 June 2017 on account of better realisations and improved operational efficiencies. EBITDA margin for the quarter was 31.2%.

Tata Steel European operations' EBITDA improved significantly by 42% QoQ to £183 million on account of higher selling price and better operational performance. Tata Steel South-East Asian operations' EBITDA increased by 15.3% QoQ to Rs 110 crore in Q1 June 2018 due to improved realisations and deliveries at NatSteel, partially offset by increase in input metallic cost.

T V Narendran, CEO & Managing Director said that Tata Steel delivered strong performance across all geographies on the back of strong steel demand and buoyant spreads. All verticals saw strong growth, with automotive and branded products segments now contributing to 19% and 33% of total volumes, respectively. Tata Steel Europe also saw stronger profitability with an improvement in spreads and operational performance.

On the macro front, the annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 5.09% (provisional) for the month of July 2018 (over July 2017) as compared to 5.77% (provisional) for the previous month and 1.88% during the corresponding month of the previous year. The Ministry of Commerce & Industry unveiled the data during trading hours today, 14 August 2018.

The all-India general Consumer Price Index (CPI) inflation dipped to nine-month low of 4.17% in July 2018 (new base 2012=100), compared with 4.92% in June 2018. The CPI inflation figure for June 2018 is revised downwards to 4.9% from 5.0% reported earlier. The corresponding provisional inflation rate for rural area was 4.11% and urban area 4.32% in July 2018 as against 4.93% and 4.85% in June 2018. The data was announced after market hours yesterday, 13 August 2018.

Overseas, most European stocks nudged higher on the strength of banking and basic resource sector stocks as investors appeared more sanguine over the nature of their exposure to the Turkish economy. A stronger-than-expected reading of 0.5% for second quarter GDP in Germany, the region's biggest economy, along with an upwardly revised reading of 0.4% for the first three months of the year from the Federal Statistics Office, boosted sentiment.

Asian shares were mixed as tremors from the collapse of the Turkish lira ebbed a little. Business activities in China cooled further in July, with investment slowing to a near two-decade low, official data showed. Fixed-asset investment in China's non-rural areas climbe. d 5.5% in the January-July period from a year earlier, the National Bureau of Statistics said Tuesday.

Retail sales in China climbed 8.8% in July from a year earlier, slowing from a 9.0% on-year increase in June. Retail sales increased 0.67% in July from June. In June, retail sales rose a revised 0.74% from the previous month. Value-added industrial output in China rose 6.0% in July from a year earlier, unchanged from the 6.0% increase in June. Industrial production rose 0.48% in July from June. In June, it rose 0.36% from May.

US stocks settled with small losses Monday, with the S&P 500 and the Dow Jones Industrial Average down for a fourth straight session as the ongoing turmoil in Turkey dampened investors' appetite for riskier assets.

#The share of Kwality Ltd hit another buyer freeze at Rs.21.10, after touching an intraday low of Rs.20.50 in the NSE. The stock has nearly doubled from the recommended price of around Rs.12.5. The traders are suggested to book some profits in the scrip and wait for it to cross the immediate resistances with good volumes. 

#I have recommended a textile stock which is likely to give good returns in the short term, due to some positive developments. The scrip today closed at Rs.4.75. The company is into the process of insolvency resolution, through National Company Law Tribunal. Earlier, the Mumbai bench of the NCLT has allowed the resolution professional (RP) of this listed textile player to exclude the time between the admission of insolvency petition from the date of uploading an order, which means now the 270 days deadline for the resolution expired on 8 July 2018. This will pave the way for lenders to evaluate the bids to acquire the company. It is pertinent to mention here that the company has received the highest bid from one bidder and the second highest bidder has increased its bid, which the committee of creditors (CoC) wants to consider. At the time of admission of the insolvency petition, the company owed Rs.1,062 crore to the consortium of lenders. The interested bidders to acquire the company needs to have minimum net-worth of Rs.150 crore and a consolidated group turnover of Rs.400 crore in textile manufacturing or trading business. The shortlisted candidate also requires demonstrating the ability to invest minimum equity of Rs.100 crore.

#The stock of HDIL today moved to Rs.26.3 before closing at Rs.25.95. I had asked everyone to accumulate/average the scrip at around Rs.18, when it was trading near its all time low. 

#The stock of Den Networks Ltd, today made a low of Rs.53.8 before closing at Rs.58.55, after touching an intraday high of Rs.59.85. To know what to do with the scrip join the Life Time Premium Membership at a very low price at around Rs.2000 per year (the money for the stated period needs to be paid in one shot) for the scrip without F&O. For inclusion of the F&O, which is altogether a different field, the price of the package will be a little bit higher. 

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

Winning Strokes: Think Different

Photo: Who is the Owner of

The two of my recommended Adhikari Brothers Group stocks, TV Vision Ltd and Sri Adhikar Brothers Television Network Ltd hit their respective buyer freezes today also at Rs.6.15 and Rs.7.80. I hope you remember, the targets of both the scrip, mentioned earlier by me in this blog. Keep accumulating on intraday declines (if any). 

The scrip of SKM Egg Products Exports (I) Ltd (Rs.76.65) is not going anywhere during the last few days. The long and short term investors should do well to exit the counter if it breaks Rs.75, on closing basis. Unless, it closed above the range of Rs.82-85, the next level of upmove is not possible. The scrip came down, from the upper ends of the Bollinger Bands and is not looking encouraging in the short term charts. However, very long term investors can hold with a SL at Rs.67.

The stock of Reliance Naval and Engineering Ltd was recommended in this blog at around Rs.11-12 last month. The scrip today hit the Upper Circuit at Rs.18.15 and achieved its 1st target. Keep accumulating the scrip for the 2nd target of Rs.21 and 3rd target of Rs.27. 

Today, I have recommended the scrip of Den Networks Ltd (Rs.47.90), which is one of the largest MSO's in India. Now many of my ardent blog readers might be surprised looking at the Q1FY19 results, which is not that encouraging and the company's future looks a little challenging in view of Mukhesh Ambani coming up with JioGigaFibre. 

Here are the possible triggers for the scrip: 

#Driven by strong broadband demand across its cable presence markets, the company was able to successfully roll out fixed line broadband services in 28 cities by end of Q1 FY 19 as part of the 100 cities plan.

#Though its June, '18 quarter results were not that satisfactory, I feel the stock has already reacted to that and has come down. I feel it has completed its time correction and is ready for upmove.

#It has no pledged shares and institutional holding is a whooping 46.26% giving a premium to the stock price. 

#Den Networks Ltd has a beta of 1.41 with Sensex, hence it has high chance of moving ahead especially when the main indices are cruising on well. 

#Cable subscription rates have been increasing consistently year on year, further increases have been announced in July' 18 to offset the impact of increased content costs. Also, the notification of TRAI order is expected to be a "game changer for the industry".

#In last September, '17, there were media reports that Mukhesh Ambani owned Reliance Industries is said to be in talks to acquire Sameer Manchanda promoted multi-system operator, Den Networks Ltd. The option according to my sources is still open. 

#But why RJio might acquire it is the natural question? A possible acquisition of the company will give RIL a direct entry into 13 million households, including over 10.5 digital subscribers. Not only that, after the launch of JioGigaFibre, a fibre broadband network by Reliance Jio this space likely to witness a wave of activities in the fixed broadband market dominated by cross-spectrum players. Or in other words, this sector could mirror the developments or consolidation in the telecom sector.
#There were also news in the internet that Ambani’s JioGigaFiber is all set to Target Internet, Cable TV Networks and unleash the next phase of disruption after Reliance Jio triggered a tariff war driving consolidation in the world's second biggest telecom market. An average Indian telecom user now consumes 2 GB of data every month compared to 0.23 GB before Jio’s launch, according to the Telecom Regulator’s data. Hence this company  becomes one of the prime acquisition candidates, from the RIL Ltd's stable. 

#Today, the shares of its nearest competitor, Hathway Cable & Datacom Ltd closed at Rs.19.40 up 7.78%. Hence, we could see some rub-off effect in its share price in the short term. 

Buy the shares of Den Networks Ltd, at the CMP of Rs.47.90, for short term targets of Rs.53/55.50 -- above Rs.57, the stock is likely to catch Super Trend. The 9d conversion for the scrip is Rs.49.12, which it crossed during the intraday (Intraday high-- Rs.49.50) but could not close above that level. It is likely to face the 1st resistance at around Rs.56. However, a SL at Rs.44 is a must, for short, long, and mid- term players. 

The scrip of Kwality Ltd hit another buyer freeze today at Rs.17.52 in the BSE. If the share goes in this way, then Rs.22 can be achieved in this month only. Keep accumulating on declines. 

Pre-Session: A flat opening on the cards

[Note: Accumulate the scrip of 3i Infotech Ltd (Rs.3.70), TV Vision Ltd (Rs.5.90), Mandhana Industries Ltd (Rs.4.70) and Sri Adhikari Brothers Television Network Ltd (Rs.7.45)]

08-Aug-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 2 points at the opening bell.

Overseas, Asian equities are trading higher after US stocks approached a fresh all-time high. US stocks edged higher yesterday, 7 August 2018 amid a relative cooling of protectionist rhetoric between the world's two largest economies and optimism growth can continue.

Back home, key equity indices ended the volatile session almost flat on Tuesday, retreating from record highs hit earlier in the day. The barometer index, the S&P BSE Sensex, fell 26.09 points or 0.07% to settle at 37,665.80. The Nifty 50 index rose 2.35 points or 0.02% to settle at 11,389.45.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 314.83 crore yesterday, 7 August 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 319.90 crore yesterday, 7 August 2018, as per provisional data.

Among corporate news, Bharat Petroleum Corporation, Cipla, Hindustan Petroleum Corporation, Lupin and Siemens will unveil their April-June 2018 result today, 8 August 2018.

GAIL (India) will be watched. The company announced that Sales Tax Department raised a demand of Rs 3449.18 crore and interest thereon Rs 1513.04 crore in respect of Hazira unit in Gujarat, treating the transfer of natural gas from the State of Gujarat to other states, as inter-state sales, during the period from April 1994 to March 2001. Based on the direction of Supreme Court of India in the special writ petition filed by GAIL, the Gujarat Sales Tax Tribunal passed the order in GAIL's favour and gave instructions for reassessment, considering inter-state transfer as branch transfer.

The Sales Tax Department had filed rectification application under section 72 of the Gujarat Sales Tax Act, 1969 with the Gujarat Sales Tax Tribunal which was dismissed by the Tribunal. Thereafter, the Sales Tax Department had filed petitions before the High Court of Gujarat against the order of the Tribunal and the same was pending as on 31 March 2018. The High Court of Gujarat vide Order dated 31 July 2018 has dismissed the petitions filed by the Gujarat Sales Tax Department. The announcement was made after market hours yesterday, 7 August 2018.

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