Glory...
Monday, January 18, 2010
End of the day….
HPCL and BPCL had given enough room in 2003 for eating jobbing spread in these 2 counters. In 2009 we had given strategy to go short in Century at 430 and long in Bombay Dyeing at 320. The difference was Rs 110. Slowly difference came on reducing and finally there is premium now. Bombay Dyeing will move faster than Century due to the fact that it is in B gr. In fact, some market men say that the move of B Dying shifting to B gr was planned one in order to cash the low equity of Bombay Dyeing. Bad results and low volumes made Exchanges to take call and shift the same to B gr. With over 1 crs sq ft land bank, nothing much is required to be explained. In fact, BMC claim of MHADA share of property from B Dyeing confirms the story further.
OIL sector is on fire. We can see oil decontrol ahead of Budget. Essar will the smart gainer. In fact, drawing plans have started In Essar when the Rs1000 price story has been building in. You will be seeing lot of announcements in next 12 months. Please note we had written enough on Engineers India at Rs 600 and see the result today. Whole world is buying at Rs 2400. Less than 6 months and price appreciation of over 400%. This is the same stock where SEBI had issued letters to investors where they had purchased even 200 to 1000 shares seeking their purpose of investment and relationship with the promoters.
Now you take from me the biggest Bull Run will see in 2010 are realty stocks. Century B Dyeing, DLF, HDIL all will cross 4 digit mark before Dec 2010. RDB will be once again in life time high. The surprise stock will be DHAMPUR SUGAR SPECIALITY which was the offshoot of realty de-merger from Dhampur Sugar. India leading operator had taken major stake in this co at Rs 170 and hence that will be the minimum benchmark price for us. We will not reveal the details of land bank etc as we wish you do your own homework.
Wimplast and India Foil promoters have sold some shares. 1000 and 2 lacs respectively to show the market that they are sellers but to our mind this is a gimmick and we should not fall fray to such gimmicks. Rather our confidence is now rising high on these companies. SAAG RR is one of finest OIL drilling infrastructure co and a leading co from Kolkata has already acquired it as per sources. These will investors a chance to enter into one of the quality stocks at compelling valuations. No such co trade at Rs 24 crs market cap which can happen only in India. In fact, in our opinion the co is worth Rs 80 to 100 crs and this could be a multi bagger stock. If you look at volume chart too it had seem over mn shares volume at 32 to 34 range last month.
Market is now consolidated between 16800 and 17500 and now the break out time. Every day some policy announcement will come in market and market will keep on rising till Budget.
All glory comes from daring to begin...
BigGains !!
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