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  Winning Strokes The BSE Sensex was last seen trading at 59,060.28 down 12.00 points (-0.08%), while the  Nifty was seen consolidating above the supports. The Nifty50 was seen trading at 17,507.20 up 10.45 points (+0.06%). Photo : Squareoff.in Yesterday, the Dow Jones closed flat hinting that the US Fed might either trim down their interest rate brinkmanship or maintain status quo, to gauge the previous interest rate hikes over a period. It is a known fact the effects of any monetary tightening policy acts with a time lag. The US economy is doing fine and so is India's, and all those hoopla surrounding an impending recession is just a media speculation. Hence, buy good quality stocks from the happening sectors and keep holding. #The energy prices are shooting over the roof, with the Crude Oil basket within an arms length of touching $100 per barrel. In such circumstances, try to be long on Crude Oil related counters. My old favour,  MRPL (Rs.59.90)  is already up mo...

Winning Stokes The Domestic benchmark equity indices finished the day with strong gains, mirroring positive global cues. The encouraging Q2 results from IT companies have boosted investors' confidence. Touching a low of 17,098.55, the Nifty 50 index advanced throughout the session, closing near the 3D day's high of 17,328.55. Shares of banks and financial services companies were in high demand. However, media, real estate, and metals stocks fell.  Photo :  PGurus . The S&P BSE Sensex rose by 491.01 points, or 0.85%, to 58,410.98. The Nifty 50  gained 126.10 points, or 0.73%, to 17,311.80. Meanwhile, the US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.40% to 112.86. The United States 10-year bond yield fell 1.48% to 3.947. As long as 17200/17300 - Nifty_Spot band is held, the bulls will have not much problem. Use dips to buy good stocks at reasonable valuations. RBI and Interest Rate Hike:  In a significant move...

Coffee Day Enterprises Ltd: Buy CMP: Rs.50.15 Targets: Rs.71/85 SL:  Rs.47. The meteoric rise of the Café Coffee Day brand remains one of India's greatest success stories of home-grown businesses. The coffee beans used in Café Coffee Day outlets are grown on the company's own plantations. Furthermore, the Café Coffee Day outlets stood out for their distinct colour schemes and custom-made furniture pieces, which gave them a distinct identity.  Coffee Day Enterprises Ltd (CCD) is India's largest coffee chain and is owned by Coffee Day Global which is a subsidiary of Coffee Day Enterprises. Café Coffee Day opened its first outlet in Bengaluru in 1996. By 2011, it had grown into a major business conglomerate with over 1000 locations across the country.  Just before his early demise, VG Siddhartha owned 12,000 acres (4047 ha) of coffee plantations. A 2015 Forbes list pegged his net worth at $1.2 billion (Rs.8200 crore). During the lockdown period, Malavika Hedge took over as C...

"The Risk comes from not knowing what you're doing"  ~ Warren  Buffet The current US government's problem is that they don't have Dr.Ben Bernanke to help them deal with the inflation mess they've created over the years by printing too much money and then using a low-interest policy to stimulate growth, particularly during the Covid - 19 period. That Keneysian act was exactly what the doctor ordered. However, the solution that the US Fed has chosen to come out of this is appalling — adding muscle to the USD to minimise Ruble-INR trade is a stupid act by the Joe Biden administration. Keeping the USD at elevated levels for an extended period of time can cause global trade to take a tectonic shift into an entirely different groove. ======================== Fortunately, cheap Asian imports from countries like China, India, Korea, Vietnam, Bangladesh, and Thailand have historically fueled the US economy and kept it cool. The Joe Biden administration should consider ...

Keeping USD at Elevated Levels Can't be a Prudent Move The Indian markets are trading in the red, along most of its Asian counterparts. The BSE Sensex was last seen at 57,401.14 down 265.08 points (-0.39%), while Nifty was last seen at 17,060.50 down 72.60 points (-0.37%).  Photo : India Times Though Asian markets are down, Dax is seen trading in the Green. The US interest rate hike has spooked the market sentiments and pre - Deepawali mayhem is seen mostly in small and mid cap counters. But this should be the last selling before the Deepawali Rally begins from next week. The US wants to forcibly bring down Ïnflation by slowing down its Economy.  The minutes from the Fed's September meeting showed that officials remained concerned about inflation and the effect of interest-rate increases. However, I feel keeping Dollar at Elevated Levels, can't be considered a good economic move. The sovereign republics will trade in their local currencies, whether USD remains strong or wea...

  Winning Strokes Yesterday, the BSE Sensex closed at 57,426.92 up 1,016.96 points (+1.80%), while the Nifty closed the day at 17,094.35, up 276.25 points (+1.64%). In the recently concluded meeting, the RBI maintained its full-year inflation forecast at 6.70% but lowered its growth estimates marginally to 7% from 7.20%. Last week the Nifty managed to get back  above the psychologically vital 17,000 mark as well as its 200-day simple moving average (around 16,990), with crucial support at 16,750. I hope this week Nifty will be able to maintain this level, with occasional bouts of buying and selling.  #The fall in coal prices will help the power sector stocks. While the power tariffs will remain same, the fall in coal prices would add considerable power to the bottomlines of these companies. Stay put in RTN Power Ltd (Rs.4.35), Reliance Power Ltd (Rs.16.40) and Adani Power Ltd (Rs.373.50). The market cap of RTN Power Ltd is only Rs.2,336 crores. Moreover, the company has ...

Nahar Spinning Mills Ltd: Q1FY23 Result update The company reported total income of Rs.872.6295 crores during the period ended June 30, 2022 as compared to Rs.739.5291 crores during the period ended June 30, 2021. Photo : Mouth shut.com The company has posted net profit of Rs.72.2524 crores for the period ended June 30, 2022 as against net profit of Rs.100.3351 crores for the period ended June 30, 2021. The company reported EPS of Rs.20.03 for the period ended June 30, 2022 as compared to Rs.27.81 for the period ended June 30, 2021. The company posted net profit of Rs.72.2524 crores for the period ended June 30, 2022 as against net profit of Rs.107.2349 crores for the period ended March 31, 2022. The fall in net profit is due to high price of cotton, which has come down substantially from the peak levels during the last couple of months. At the current price of Rs.306.65, the valuations of Nahar Spinning Mills Ltd looks attractive. The scrip can be slowly accumulated with a strict SL o...

RTN Power Ltd (Rs.4.50): Quarterly Result Analysis: On both Standalone and Consolidated basis, RattanIndia Power Ltd came up with good set of numbers. I've already displayed the Consolidated number. Now let's look at the Standalone quarterly Result. Standalone : The total income of the company for the June, 2022 quarter came at Rs.923.98 Cr Vs Rs.958.10 Cr in June, 2021 quarter, showing a marginal decline. The profit before tax (PBT) in Q1FY23 came at Rs.113.95 Cr Vs Rs.87.10 Cr, showing a sharp rise in profit. The net profit of the company in Q1FY23 is the same as PBT. The most important part of the June quarter result is that interest outgo has come down to Rs.127.18 Cr as against Rs.154.49 Cr in Q1FY22. The management has said that the company hopes to become debt free within a couple of years. The EPS of the company improved to Re.0.21 in June quarter Vs Re.16 in Q1FY22. Also, the net profit margin of the company on Standalone basis shot up to 13.52% Vs 9.96% in June, 2021 ...

  RattanIndia Power Ltd RTN Power Ltd (Rs.4.60) reported consolidated quarterly numbers for    June 2022 quarter:  Net Sales were at Rs.842.79 crore in June 2022 down marginally by 3.61% from Rs.874.36 crore in June 2021. Quarterly Net Loss was at Rs. 389.30 crore in June 2022 Vs Rs. 824.37 crore in June 2021. This is a massive improvement in Bottomline. EBITDA stood at Rs.298.54 crore in June 2022 up 2.85% from Rs. 290.28 crore in June 2021. Overall June, 2022 quarter results were good. Buy and keep holding for targets of above Rs.10. About RTN Power Ltd (Rs.4.60): It is India's one of the major private power generation and utility companies. Two top-tier, massive coal-based thermal power production plants in Maharashtra with a combined capacity of 2700 MW have been put into operation by RTM Power Ltd.

  Winning Strokes On last Friday, there was mayhem in the Indian bourses. Taking cues from the overall US markets the Sensex closed at 58,840.79, down 1,093.22 points (-1.82%), while the Nifty closed the day at 17,530.85, down a whopping 346.55 points (-1.94%). Photo : YouTube The US stock market suffered huge losses in the past week on a surprisingly hot CPI inflation report as well as some grim earnings reports or warnings from the corporate world. The major indexes gapped below their 50-day moving averages and undercut some further key levels on Friday. Many leading stocks also struggled. In such a situation it will be natural to see the Nifty opening Gap Down today and testing 172000 on the downside. The traders are suggested to refrain from any trade at least during the 1st one hour. Later carefully studying the markets they can take limited bets on the either side of the fence. However, some stocks like D B Realty Ltd (Rs.108.80) may hit another buyer freeze.  I feel at ...

  Winning Strokes The major indices are down in the 2nd consecutive day. The BSE Sensex was seen trading at 59,979.54 down 402.42 points (-0.61%), while the Nifty was last seen at 17,887.15 down 123.90 points (-0.65%). However, there's bullishness in selective pockets, which will get directly benefited due to ongoing festival season. The prudent investors should buy good stocks at reasonable valuations in this market. Photo : Mint #I have taken some shares of Trident Ltd at Rs.39.50. Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer in India. It is one of the largest players in home textile space in India. The company's consolidated net profit declined 37.5% to Rs.129.35 crore despite of 13.3% rise in net sales to Rs.1,679.90 crore in Q1FY23 Vs Q1FY22. While there are significant headwinds for the textile sector in the near term, a downward trend in cotton prices, easing of the supply chain, and government measur...

Winning Strokes The BSE Sensex is now trading at 60,338.39 down 129.51 points (-0.38%), while the Nifty was last seen at 17,998.75 down 39.30 points (-0.39%). The markets are correcting taking cues from the US market, which tanked yesterday, due to higher than expected inflation figures. However, Indian stock markets are on a Bull run and these kinds of opportunities should be used to accumulate good stocks at reasonable valuations. #My recommended Equitas Small Finance Bank Ltd (Rs.50.70) made a high of Rs.51.20, intraday. #If you are looking to maximize your returns from the stock market, then you can join my Premium Information Service .  Moreover, if you are looking for profit sharing arrangements, then it can be done in the ratio of 65:35, for any portfolio above Rs.2 lakhs. Also, if you trade through my associated Brokerage House, with a minimum portfolio size of Rs.2 lakhs then Premium Information Service is FREE for you. #The stock of BPL Ltd (Rs.84.05) hit the upper Circu...

Winning Strokes The BSE Sensex is trading at 60,546.83 up 431.70 points (+0.72%) while the Nifty was last seen at 18,063.10 up 126.75 points (+0.71%). The Bullish momentum is likely to continue, with occasional bouts of buying and selling. #The restaurant stocks have started to do well. My recommended Coffee Day Enterprises Ltd (Rs.66.45) hit the Buyer Freeze today. Hold with a SL of Rs.57. #Another restaurant stock Zomato Ltd today made a high of Rs.66.60. Book some profits and hold the rest with a SL of Rs.62. #My recently recommended Windlas Biotech Ltd (Rs.258) at Rs.233, made an intraday high of Rs.61.40. Congratulations to all who bought this relatively unknown scrip, just on my call. Book some profit and hold the rest with a SL of Rs.256. #The scrip of India's largest helicopter company, Global Vectra Helicorp Ltd (Rs.58.70) is also doing fine. Hold with a SL of Rs.56. #Buy the shares of Sugar companies as the. Commodity is now trading at a 4 - months high.  According to...

Dilip Buildcon Ltd: Buy CMP: Rs.245.75 India is one of the world's fastest-growing major economies, where construction sector will be a key driver of long-term growth; as millions of Indians migrate to cities in search of high-quality jobs.  It is expected to grow at an AAGR of  more than 6% during 2023 + 2026. According to experts, India's urban population will reach 52.50 crores by 2025 and 60 crores by 2036, representing a rapid increase from the current 40 crores, necessitating the construction of massive amounts of new housing and infrastructure.  Furthermore,  according to a report in the Financial Express, in the second quarter of 2022, India’s construction sector was valued at over Rs.3,300 trillion. This was a substantial increase from the second quarter of 2020, when the value decreased owing to the COVID-19 pandemic.  The infrastructure sector includes electricity, bridges, dams, highways, and urban infrastructure development. A massive frame can embo...

Winning Strokes The BSE Sensex is now trading at 60,186.05 up 3 92.91  points (+0.66%) while the Nifty was seen at 17,954.10 up 120.75 points (0.68%). The Bullish trend in Nifty is likely 6o continue. Apply buy on dips strategy. #Buy Websol Energy Systems Ltd (Rs.109) near the CMP for targets above Rs.150. The company is a large player in the solar energy Sector. #Buy the shares of Dilip Buildcon Ltd at Rs.250/252, for targets of Rs.307/331. The net order book of Dilip Buildcon Ltd (Rs.250) as on 30 June 2022 stood at a whopping Rs.25,160.2 crore. You need to buy and hold for some superb gains. The government of is working on developing electric highways, which will be powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday. #Today Swan Energy Ltd (Rs.242) made an intraday high of Rs.245. Book some profits and hold the rest with a deep SL of Rs.232. #The banking sector has s...

Orient Green Power Ltd: Excellent Quarterly Result.. The consolidated quarterly numbers for Orient Green Power Company are: Net Sales were at Rs.77.69 crore in June 2022 up 3.16% from Rs.75.31 crore in June 2021. Quarterly Net Profit were at Rs.8.85 crore in June 2022 up a massive 841.49% from Rs. 0.94 crore in June 2021. EBITDA stood at Rs.54.22 crore in June 2022 down marginally to 3.78% from Rs.56.35 crore in June 2021. Orient Green EPS has increased to Rs. 0.13 in June 2022 from Rs. 0.01 in June 2021. Accumulate the stock of Orient Green Power Ltd (Rs.9.35), from the reputed Shriram Group of south India. Buy the shares of distress sellers. 

  Tit - Bits Indowind Energy Ltd (Rs.16.50): 🎯 Excellent Q1FY23 results, with an improvement in both net profit and EBITDA. 🎯Indowind Energy Ltd to raise upto Rs.50 crores through rights issue. 🎯The wind power market size is projected to reach $ 214.65 Billion by 2028, with a CAGR of 11.37% from 2021 to 2028 with the annual installation expected to cross 120 GW during the forecast period. 🎯The company offers various services in wind power space, like developing wind farms for sale and generating wind power. 🎯The Centre has made an in-principle decision to drop e-reverse bidding for wind power projects following numerous requests from the industry. Reverse bidding constrained companies from utilising the potential in seven windy states. 🎯According to Indu Shekhar Chaturvedi, secretary for the union ministry of new and renewable energy, the growth of the renewable energy sector has been recognised as a vital sector for self-reliance, because it is intimately tied to the country...

  Indowind Energy Ltd: Quarterly Result Update: Indowind Energy Ltd (Rs.16.30) came up with excellent set of Q1FY23 numbers. Net Sales came at Rs.6.96 crore in June 2022 up 92.46% from Rs.3.62 crore in June 2021. Quarterly Net Profit came at Rs.1.53 crore in June 2022 up 122.25% from Rs.0.69 crore in June 2021. EBITDA stood at Rs.4.43 crore in June 2022 up 41.08% from Rs.3.14 crore in June 2021. Indowind Energy Ltd's EPS increased to Rs.0.17 in June 2022 quarter from Rs.0.08 in June 2021 quarter. The stock of Indowind Energy Ltd (Rs.16.20) is likely to move towards Rs.19.60/21 in the short term.  Upon breaking of Rs.22/23 ranges, we can see it touch Rs.31/37 by this Deepawali. In the photo is seen Narendra Modi, the then Chief Minister of Gujarat, dedicate the 183rd Wind Turbine of Indowind to the Nation. Right: Mr.Bala KV Chairman of Indowind Energy Limited and President of Sourashtra Chambers of Commerce. Third from Right Mr. K.S.Ravindrnath Whole Time Director of the Compan...

  T it - bits # Rejig of Nifty Smallcap 250 index: The index represents the remaining 250 NIFTY 500 firms (ranked 251–500). The goal of this index is to gauge the performance of small market cap companies. In this index, a whopping 20 stocks have been replaced. The following companies' stock will no longer be included in the index: Advanced Enzyme, Devyani International, Eris Lifesciences, Glenmark Life Sciences, Hathway Cable & Datacom, Hemisphere Properties India, Indo Count Industries, IRCON International, K.P.R. Mill, NESCO, Poonawalla Fincorp, RailTel, Sequent Scientific, Solara Active Pharma Sciences, Spicejet, Strides Pharma Science, Tata Steel Long Products, UCO (India). The stocks to enter the index from September 30 are --- Aether Industries, Apollo Tyres, Bharat Rasayan, Deepak Fertilisers & Petrochemicals, Exide Industries, Glenmark Pharmaceuticals, Greenpanel Industries, IDBI Bank, JBM Auto, Mahindra Lifespace Developers, Manappuram Finance, Metropolis Healt...

  Winning Strokes The BSE Sensex closed at 59,537.07 up a whopping 1,564.45 points (+2.70%), while the Nifty ended the day at 17,759.30 up a massive 446.40 points (+2.58%).The Nifty had already reached my target of 17500. The Nifty will next try to cross 18000 which it failed last time. In absence of not much negativity, this is achievable, by next week. Yesterday Dow Jones closed at 31,510.43 down 280.44 points. However, the markets are likely to trade volatile with a bullish bias. Buy good scrips at reasonable valuations during market dips. #I have taken some shares of Dharani Sugars and Chemicals Ltd (Rs.11.20) and Bajaj Hindustan Sugars Ltd (Rs.10) , for those who accounts I manage. The reason behind this move are: 🔵The festive season has approached with the Ganapati Festival which generally escalates the demand for sugar. 🔵The finance minister, Nirmala Sitharaman had announced, to levy additional excise duty of Rs.2 per litre on unblended fuel. The tax shall be applicable fr...