MARKET MANTRA
Genera Agri starts farming operations in Tanzania |
Today's Call: Buy Jaiprakash Associates Ltd at Rs.26.25-26.30 for a short term target of Rs.31. Both Jaiprakash Associates Ltd and Jaiprakash Power Ventures Ltd (Rs.10.86) are expected to do well as the Jaypee Group has brought down the debts to some manageable levels. Both of them therefore, becomes a "Screaming Buy" at the CMPs. Jaiprakash Associates (JAL) would be a key beneficiary of a stable government being in place on the back of progress on asset monetisation and anticipated infrastructure and economic recovery.
Meanwhile, the Supreme Court has granted J P Associates Ltd a week to pay the last installment of Rs.250 mln out of a fine of Rs.1 bln that was slapped on the company for fraudulently obtaining environmental clearance for its cement unit.
Meanwhile, the Supreme Court has granted J P Associates Ltd a week to pay the last installment of Rs.250 mln out of a fine of Rs.1 bln that was slapped on the company for fraudulently obtaining environmental clearance for its cement unit.
Accumulate Rasoya Proteins Ltd at Re.0.58, for a short term target of Rs.2-3. Since both the mid and small cap indices are outperforming the broader market, these kinds of stocks are likely to give one of the best returns in the short term.
With the gold prices showing buoyancy, the Gems and Jewelry stocks are expected to do well in the coming days. Gitanjali Gems Ltd has already given a break-out above Rs.46.30. The next logical target seems to be Rs.49, which might be achieved within a couple of days. Stay invested. Another share in the same space, Renaissance Jewelery Ltd today touched Rs.110 and is now trading at Rs.106.35 up 7.20%.
Meanwhile, Genera Agri Ltd hit the buyer freeze in the BSE at Rs.4.91. The scrip will be moving towards Rs.10-11 in the coming days.
Karuturi Global Ltd today touched Rs.1.82 and is now trading at Rs.1.79 up 4.07%. I am bullish on this counter due to some recent positive developments.
Karuturi Global Ltd today touched Rs.1.82 and is now trading at Rs.1.79 up 4.07%. I am bullish on this counter due to some recent positive developments.
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