MARKET FOLLOW-UP

HELLO INVESTORS
Due to Global situation and Crude hovering above $120 Market has negative bias attached to it Inflation will be around 7.42%. In such a case sell index stocks that are vulnerabl to fall. In this scenario I would recommend one to sell Neyveli lignite at 145 with tgt of 138,133 in days to come.
There are too many speculation built but FII figure clearly suggest that we are heading for some correction in days to come. I would pefer to stay my neck out and recommend to buy more of stocks I have recoomened with the correction buy stock around it support levels.
Supreme INfrastructure had posted a good result with EPS of 13 odd for the full year. The strong order book suggest the company will clock 30% topline and 34% bottomline growth. The stock should achieve the 126 target but if market tends to be irrational be patient investors it is a good stock to be part of your portfolio.
If you remember I recommended Electrotherm India. The company is having sequential Q-O-Q growth in terms of bottom line and topline. The company did post growth in terms of topline. But higher depriciation and tax resulted in lesser pat for Q4. Seems higher tax provisioning as depriciation is accelarated. Interestingly the few takers of the stock have converted their warrants at 33% premium to current market price. The next year company will post 60% topline growth and close to 55% bottomline growth. Look into its market cap and its operating profit numbers. The company is on expansion spree buy is recommended on coverage basis. SHort term the market is directionless but Indian story is here to stay for couple of years atleast thus oncw sentiments improve. One can expect ELEctrotherm to sky rocket to new levels. Company requires funds to finance its capex and that is why it has declared 25% dividend.
Disclaimer: Its safe to assume I have vested interest in the stocks and my clients and family will have some exposure in stocks talked about. You can post your queries regarding stocks if i track them or know anything about it I will definitely reply but please do not ask for momentum stocks likes of RNRL IFCI PTC becuse these ae companies which are pure punter play and I am not a great chartist.
Top Picks: Sell Neyveli Lignite and Buy Bhel around 1728 levels it has some pattern refleting that the stock after touching this low will have bounce back to 1788 levels. But the odds are against it its again going to be risky I would wait for the stock to touch 1680 levels as this is the best support region for short term traders
Medium term to long term: Edelweiss ,Mundraport, Everonn, Supremeinf, Zylog and Electrottherm,Kamat Hotels and Lakshmi Machines.