Intraday calls

[bijoymg]

Why uflex cracking??

Uflex Limited has informed the Exchange that CBI Special Court at Ghaziabad (U.P.) has held Mr. Ashok Chaturvedi, Chairman & Managing Director of the Company, guilty in his individual capacity in connection with a case relating to the allotment of land by Noida Authority in 1995 for Companys employees housing. The said land do not relate to the Companys use. The Company understand that Mr. Ashok Chaturvedi is taking appropriate legal steps in the matter. The above conviction is in his personal capacity, therefore, there will not be any financial implication on the Company. UFLEX is a Board run professionally managed Company and its business & operations continue to be on strong footing and run as usual.

If so, would it be worth to add few more?

 

[n_arvind2000]

If so, would it be worth to add few more?

Performance of the company is good.
Since the scam is in individual capacity in connection with a case relating to the allotment of land by Noida Authority in 1995 for Company's employees housing. - there will not be any financial implication on the Company.

Dividend yield has been good over the years....

Add at dips... should cross 210-230 levels and above...in 2-3 months view....

 

[n_arvind2000]

Suspect rigging in Ruchi Soya, KS Oils, Karuturi Global

A report on the Indian stock markets prepared by the Intelligence Bureau suspects that a market operator, Vimal Rathod was accumulating shares on behalf maverick investor C Shivasankaran based on insider information. The IB has passed on the information to the CBI and the market regulator, the Sebi for further action.

According to documents in possession with ET Now, Rathod was cornerning shares in KS Oils, Karuturi Global and Ruchi Soya on behalf of Shivsankaran. The report says "Rathod in conjunction with the promoters would buy the shares of Ruchi Soya from the open market via manipulative means and then engineer a fall in the share price. Rathod would then pick up a sizeable chunk of the shares from the market in the names of various front companies. The idea was to take the price to Rs 500 levels and then dispose off 26% stake to a strategic investor. The share price of Ruchi Soya crashed by 27% at around Rs 90 soon after ET Now broke the story.

The scrip closed at Rs 122 on the BSE yesterday.

The report further says Rathod was active in the KS Oils where he accumulated shares not only for himself but also on behalf of Sivasankaran. "Holding around 6.5 million shares, Rathod directed his associates to hike up the share price of the company from Rs 50 to Rs 54 a share," the report says.

In the case of Karuturi Global, the report says Rathod was stocking up the shares, then artificially jack up the price from Rs 13 to Rs 35 a share at the behest of the promoters and then place the shares with other market operators including to Sivasankaran.

A spokesperson of the Siva group did not reply to the emailed questionnaire sent by this newspaper. But sources in the group said the stake buy in these three companies was part of its $ 4 billion plan to make a foray into the agriculture sector.

Based in Chennai, C Sivasankaran is well known for buying and selling companies at a hefty profit. The self made businessman holds 6.5% stake in Tata Docomo and in the past made hefty profits by selling his stake in coffee chain Barista. At present he is betting big on agriculture products and the stake in these companies will help it to market agriculture products. Siva also holds stake in S Tel which was one of the beneficiaries of A Raja's largesses in 2G scam.

 

[n_arvind2000]

BSE MIDCAP and Small Cap INDEX

- > The most surprising element of the current correction has been the huge drop in Midcap and Small Cap Index. Both the indices are down more then 15% which has taken many stocks down by 25% from peak on an average with certain speculative ones dropping 50%.

- > The midcap index is still looking fine as it has tested the channel supports and closer to 200 dema. So a bounce back could be in the offing after any further dip to 7300-7500.

- > The small cap index suggests there is still some more pain left in the system and if it breaks recent low of 9200 then it can go all the way down to 8600.

- > The liquidity is low in the small cap stocks so any drop may not necessarily mean a Fundamental Reason but more of sentiments and over supply.

- > Many of the stocks in our tracking have also dropped by 25% so mistakes have been made but investors need to take it in the stride and look ahead. So the current drop could be a very good learning so we dont make these mistakes at the actual bull run which we have in front of us for the next few years.

Strategy:

- > In the last 1-2 months many portfolios would have been down by 20-25% max from the peak. Also people would be totally invested and would have added more money on declines to average.

- > If you have taken a call to reduce some holdings at 20000 in the bounce as was suggested you should now just wait and watch for further confirmation from the markets.

- > For short term traders this is a time to reduce VOLUME trades – For example if you would buy 5 lakhs worth in every stock then buy 50% of it only as volatility is high.

- > Money lost on a trade can be made but only if you keep the temperament till better times come and one should not increase the stakes in such market conditions.

- > Learn from the mistakes avoid getting leveraged or exposed to Penny/Speculative/Hear Say Stories and do proper risk management.

- > A portfolio down 25% can be recovered but a hit beyond 50% will require a lot of time and patience. Learn from your mistakes as no bear run is permanent in in long term Bullish Market. So be ready that next time you dont make the same mistakes.

- > One of the specific reasons as to why one needs to learn from this correction is over the next 2-3 years we may have much bigger rallies and corrections but mistakes later may be more riskier. This could be one of the biggest learning point in an investors life for now.

 

[pundit]

BSE MIDCAP and Small Cap INDEX

- > The most surprising element of the current correction has been the huge drop in Midcap and Small Cap Index. Both the indices are down more then 15% which has taken many stocks down by 25% from peak on an average with certain speculative ones dropping 50%.

- > The midcap index is still looking fine as it has tested the channel supports and closer to 200 dema. So a bounce back could be in the offing after any further dip to 7300-7500.

- > The small cap index suggests there is still some more pain left in the system and if it breaks recent low of 9200 then it can go all the way down to 8600.

- > The liquidity is low in the small cap stocks so any drop may not necessarily mean a Fundamental Reason but more of sentiments and over supply.

- > Many of the stocks in our tracking have also dropped by 25% so mistakes have been made but investors need to take it in the stride and look ahead. So the current drop could be a very good learning so we dont make these mistakes at the actual bull run which we have in front of us for the next few years.

Strategy:

- > In the last 1-2 months many portfolios would have been down by 20-25% max from the peak. Also people would be totally invested and would have added more money on declines to average.

- > If you have taken a call to reduce some holdings at 20000 in the bounce as was suggested you should now just wait and watch for further confirmation from the markets.

- > For short term traders this is a time to reduce VOLUME trades For example if you would buy 5 lakhs worth in every stock then buy 50% of it only as volatility is high.

- > Money lost on a trade can be made but only if you keep the temperament till better times come and one should not increase the stakes in such market conditions.

- > Learn from the mistakes avoid getting leveraged or exposed to Penny/Speculative/Hear Say Stories and do proper risk management.

- > A portfolio down 25% can be recovered but a hit beyond 50% will require a lot of time and patience. Learn from your mistakes as no bear run is permanent in in long term Bullish Market. So be ready that next time you dont make the same mistakes.

- > One of the specific reasons as to why one needs to learn from this correction is over the next 2-3 years we may have much bigger rallies and corrections but mistakes later may be more riskier. This could be one of the biggest learning point in an investors life for now.

Arvind JI what happened to Gitanjali.

 

[n_arvind2000]

Arvind JI what happened to Gitanjali.

Gitanjali Gems Ltd has informed BSE that Credit Analysis & Research Ltd (CARE), has revised the rating assigned to the long term facilities and Non Convertible Debentures of the Company from CARE A + (single A Plus) to CARE A (Single A). Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.

But the magnitude of the fall do not justify with this news.....

Positive thing is Promoter - Mehul Choksi Buying from Open Market 0n 7th dec at 242 level.

I suspect some scam is also there.... more skeletons tumbling from the cupboard.

There is more panic in the market which is resulting in hammering all mid cap shares.
I strongly recommend to deploy fresh money in QUALITY MIDCAPS with 2-3 months view for gains of 20-30 %.

 

[jsswaroop]

Gitanjali Gems Ltd has informed BSE that Credit Analysis & Research Ltd (CARE), has revised the rating assigned to the long term facilities and Non Convertible Debentures of the Company from CARE A + (single A Plus) to CARE A (Single A). Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.

But the magnitude of the fall do not justify with this news.....

Positive thing is Promoter - Mehul Choksi Buying from Open Market 0n 7th dec at 242 level.

I suspect some scam is also there.... more skeletons tumbling from the cupboard.

There is more panic in the market which is resulting in hammering all mid cap shares.
I strongly recommend to deploy fresh money in QUALITY MIDCAPS with 2-3 months view for gains of 20-30 %.

pls name some of them

 

[n_arvind2000]

pls name some of them

Top Grade: Titan, Zydus Wellness, Thermax, Page Industries, Voltamp,
Bluestar, HDFC

I still beleive that Orchid Chem, Gitanjali, IRB Infra, UFLEX, SPARC, Delta will also do good in the coming days....

 

[jsswaroop]

panic selling is happening in all scripts

 

[n_arvind2000]

panic selling is happening in all scripts

Midcap index nearly -20% down.....after scam after scams.....
Small cap sector is also hammered...