Posted in June 2019

Powergrid

You may now sell power grid; this closes @208 on 27/06/2019 as against advice to buy @190 on 29/05/2019.

Be Wary

Friends, Be wary of Bajajfinsv and and Bajfinance as both are inching up on daily basis but in an unnatural way. Here may be the case of news following the price rather than price following news. The later rise is healthy but the earlier rise is unhealthy. There is a possibility of Bajaj Group preparing … Continue reading

TITAN

You may now sell Titan; it closed 1307/- on 20/06/2019 while most of you may be holding it at under 900/- level.

Our Recommendations Post Quarterly Results This Season

We recommended following: Adaniports @412 on 28/05/2019 : Accumulate for medium/long term. Axisbank @744 on 25/04/2019 : Buy it below 715/- for only medium term. ASIANPAINT @1319 on 14/05/2019 : Stay out of it. BAJAJ-AUTO@3040/17/052019 : You may buy this for medium/long term. BHARTIARTL @333 on 06/05/2019 : Accumulate this on dips for medium/long term. … Continue reading

RBI Cuts Rates

RBI Governor was pleased to announce 25bps cut in repo and reverse repo rates . This is third time cut in last 12 months, and all three cuts add up to good amount of cut and should be largely seen to relieve the borrowers. Market reacted adversely but it was more to do with recent … Continue reading

Sugar News

Friends, Govt is bringing a scheme’s under which all poor families (18 cr) will get 1 kg sugar @13.5/kg every month. This would entail 4700 crs as subsidy but will help maintain sugar price at remunerative level for mills and farmers. Buy sugar stocks tomorrow if possible but not at too high level. Krishna Khandelwal

ONGC @172 on 31/05/2019

You may buy it under 164/- for medium/long term…ref 1105/69.31 (495/1335/1510/1100/1100/1150/1050/1102/11922/3m0319). Prev Advice: ONGC You may now sell it entirely; this closed @155 on 04/04/2019 while we recommended purchase @137 0n 19/02/2019. Leave a comment (Edit) ONGC @137 on 19/02/2019 Retain and add for medium/long term…ref 1393/77.66 (1260/2000/2490/1100/1100/1100/1100/1000/3M1218/10640). Prev Advice: ONGC @156 on 05/11/2018 Retain … Continue reading

So Far In This Result Season

We recommended following: Axisbank @744 on 25/04/2019 : Buy it below 715/- for only medium term. ADANIPORTS @405 on 28/05/2019 : Accumulate this for medium/long term. ASIANPAINT @1319 on 14/05/2019 : Stay out of it. Bajaj-auto @3040 on 17/05/2019 : Buy/retain for medium/long term. BHARTIARTL @333 on 06/05/2019 : Accumulate this on dips for medium/long … Continue reading

COALINDIA @254 on 31/5/2019

Those who have it must retain, rest may buy for medium/long term…ref 1210/46.93 (730/1480/2055/150/1100/1150/1050/1076/3m0319/cld/11922). Prev Advice: COALINDIA @223 on 12/02/2019 Those who have it may retain, rest may surely buy this for medium/long term (company declared dividend of Rs 7.50 per share on 20/12/2019) …ref 1063/48.56 (640/1040/1390/1100/1100/1150/1150/933/10831/3M1218/cld). Prev Advice: COALINDIA @264 on 13/11/2018 You may … Continue reading