Indigo Listing this morning ! ~ Grey Market indicates premium listing

 

Indigo Spoofed Pre Opening Quotes on BSE and NSE

Indigo Listing this morning ! ~ Grey Market Premium of Rs 58 last evening indicates premium listing over IPO Price of Rs 765….however it may trade even below IPO Pricing during the day

Qatar Airways making noises to buy into Indigo on listing augurs well

Spicejet has already rallied over Rs 51 on the back of Indigo Buoyancy

Trading should commence at 10 am in Indigo

Till then be happy with spoofed pricing pre opening on both BSE and NSE as above with Buyers at Rs 1338.75  and sellers at Rs 573.75 on BSE and Rs 590 on NSE

Spoofing is a crime in USA as one is not allowed to input orders that one has no intent on executing

Don’t tell me these prices are only for testing !

Had prepared a long note on Indigo IPO and suggested it looks good though risk remains on no gains on listing….will put this note up shortly

 

10 am

What a listing ! at Rs 866 and racing away now in seconds to Rs 880+ ! 15% up from IPO Price of Rs 765

Wow! A Full House NSE Training Fundamental Workshop !

Wow! A Full House NSE Training Fundamental Workshop yesterday !

Seems to get bigger & better every time !

Did the first one on August 8,2015 and had blogged on it  as linked below

Interesting Interaction at the NSE Equity Fundamental Training Workshop

Sunday, August 16th, 2015

Did this one too on “Interpretation of Financial Statements for Stock Analysis” under NSE’s Rapid Series at their NSE BKC Complex

@ 30 Participants,both genders aged 22 to 58 from leading Broking Firms,Corporates,Banks and even Individuals who had come on dot and stayed till 8 pm ! expecting to learn how to read financial statements and  market dynamics to assess risks and opportunities in Indian Equities

Common Question right from Manish Shah,who introduced himself  to me in the lift going up to the Class ” How are the Markets Looking “? ~ “Where will the Sensex & Nifty head in the short term”?

Had taken a Bull along ! really !…a smaller version of the Wall Street one….told the class I love four animals…Elephants (Lord Ganesha),Lions (My Zodiac Sign),Tortoise(Good Luck & of course Bulls (I’m always one!)….and you’ll always find them on my office desk !…in fact four bulls of various sizes !…and clients know my market view on simply seeing how the bulls are placed !…if facing them straight up  (↑)  as they sit across me,I’m very bullish…if slanted ( ⁄ )towards them,I’m bullish…slant inclination reveals how much !….if a horizontal view (↔ ) then indicates market will remain flat to rangebound and if the bulls face me vertically (↓ ) I’m bearish !….and slant facing me shows intensity of being bearish !

That got a few knowing laughs from the participants and set off the mood for the Workshop with humour being interspersed right through

Interacted on the Sensex Dynamics right from base year 1978 and in the last 20 years from November 1,1995 to October 30,2015 when despite nearly half of the @ 4850 trading days saw the Sensex close negatively the Sensex ran up over 650% !…but is that enough!…..the Opportunities & Threats that were clearly visible during the years right from 1991 when Modern Reforms set in to 2001 when Markets had bottomed  out on the ICE Age Melting to the Sharp drop in Interest rates from 14% to 7% in and around 2004 to post Lehman 2008 levels of 8000 in October 2008 and March 2009….showed them from current Sensex of 26657 how to assess fundamentally where we could be heading and the risks associated….discussed Passive Index Investing vs Active Investing and therefore the need for Fundamental Analysis and therefore the need to Interpret Financials & therefore the need to assess Value vs Price  & therefore this Workshop  ! read more

Super ! 23 Participants with 40 Stock Selections for 2015 in the TAP GAP Poser

Super ! 23 Participants with 40 Stock Selections for 2015 in the TAP GAP Poser

TAP GAP Poser End 2014 ~Which Indian Company Will Be A Big Share Price Winner In 2015?
December 15th, 2014

I shall shortly pick a gauravblog hamper Winner or maybe two where I see maximum gain potential in 2015 from the following

Participant wise

Sr No

Participant

Recommendation

Date of Recommendation

Price in Rs when recommended

1

Sumit Khanna

Subros

15.12.2014

67.85

PTC India Financial Services Ltd

17.12.2014

56.4

2

Jigam Gandhi

Wendt India

15.12.2014

2000

3

Sandeep Gahandule

Nathbiogene

16.12.2014

130.55

Prima Plastic

17.12.2014

56

JM Financial

18.12.2014

47.6

4

Bhaskar

IPCA Labs

16.12.2014

723.55

5

Nitin

Ajanta Pharma

16.12.2014

2528.65

Atul Auto

16.12.2014

601

6

Anand

Raj Rayon

17.12.2014

0.66

Jubilant Life Sciences

30.12.2014

119.95

7

Prasad

Nbcc

18.12.2014

792.05

Capital First

30.12.2014

353.4

TV Today

30.12.2014

215.2

8

Rohit

 Adani Enterprises

20.12.2014

452.05

9

Prasad Shetty

Multibase

21.12.2014

227.9

10

Kushal Shah

MCX

22.12.2014

838.95

Jet Airways

22.12.2014

389.7

11

Rajan

Motherson Sumi Systems

22.12.2014

440.2

12

Hemant

NETWORK 18

22.12.2014

66

Intellect Design

22.12.2014

75.6

Pipavav Defence

22.12.2014

39.75

13

Raj

Odyssey Technologies

22.12.2014

33.65

14

Shiva

Granules India

23.12.2014

777

Mayur Uniquoters

23.12.2014

415.4

SpiceJet

23.12.2014

19.3

15

Abhay Tewari

Suzlon Energy

23.12.2014

13.45

16

Pushkar Prasad

Freshtrop Fruits

24.12.2014

115.9

17

Dhiren

Tata Sponge

26.12.2014

680

18

N Sri

Deccan Gold Mine

28.12.2014

42.95

19

Sameer

Spicejet

30.12.2014

17.95

Deccan Gold Mine

30.12.2014

44

Muthoot Capital Services

30.12.2014

207.15

20

Shahzad V

Engineers India Ltd

31.12.2014

229.75

AkzoNobel

31.12.2014

1384.1

Aries Agro

31.12.2014

117.4

21

Kiran

Vidhi Dyestuffs

31.12.2014

17.16

22

Vishal Kejriwal

CCL Products

1.1.2015

170.95

Oriental Carbon Chemical Ltd

1.1.2015

361.55

Hinduja Global Solutions Ltd

1.1.2015

631.75

23

Rudra Tandan

Ram Ratna Wires

2.1.2015

48

Foseco

2.1.2015

1227.55

Alphabetical Scripwise

Sr No. Scrip Recommended for 2015 Price in Rs when recommended Participant
1 Adani Enterprise 452.05 Rohit
2 Ajanta Pharma 2528.65 Nitin
3 Akzo Nobel 1384.1 Shahzad V
4 Aries Agro 117.4 Shahzad V
5 Atul Auto 601 Nitin
6 CCL Products 170.95 Vishal Kejriwal
7 Capital First 353.4 Prasad
8 Deccan Gold 42.95 N Sri
9 Deccan Gold 44 Sameer
10 Engineers Ind 229.75 Shahzad V
11 Foseco India 1227.55 Rudra Tandan
12 Freshtrop Fruit 115.9 Pushkar Prasad
13 Granules India 777 Shiva
14 Hinduja Global 631.75 Vishal Kejriwal
15 Intellect Design Arena 75.6 Hemant
16 Ipca Labs 723.55 Bhaskar
17 JM Financial 47.6 Sandeep Gahandule
18 Jet Airways 389.7 Kushal Shah
19 Jubilant Life 119.95 Anand
20 MCX India 838.95 Kushal Shah
21 Mayur Uniquoter 415.4 Shiva
22 Motherson Sumi 440.2 Rajan
23 Multibase India 227.9 Prasad Shetty
24 Muthoot Cap 207.15 Sameer
25 NBCC 792.05 Prasad
26 Nath Bio-Genes 130.55 Sandeep Gahandule
27 Network 18 66 Hemant
28 Odyssey Technologies 33.65 Raj
29 Oriental Carbon 361.55 Vishal Kejriwal
30 PTC India Financial Services 56.4 Sumit Khanna
31 Pipavav Defence 39.75 Hemant
32 Prima Plastics 56 Sandeep Gahandule
33 Raj Rayon Ind 0.66 Anand
34 Ram Ratna Wires 48 Rudra Tandan
35 SpiceJet 17.95 Sameer
36 SpiceJet 19.3 Shiva
37 Subros 67.85 Sumit Khanna
38 Suzlon Energy 13.45 Abhay Tewari
39 TV TodayNetwork 215.2 Prasad
40 Tata Sponge 680 Dhiren
41 Vidhi Dyestuffs 17.16 Kiran
42 Wendt 2000 Jigam Gandhi

Note :

  1. Sandeep Gahandule who just won the hamper for Alphageo’s spectacular 720% run in 2014 has contributed three selections for 2015 this time too
  2. Anand,who ran neck to neck with Sandeep till November 2014,when his low priced Rs 7 YBrant  was up against Alphageo has yet again given one really low priced selection Raj Rayon of just 66 paise !
  3. Deccan Gold & Spicejet occur twice as they constitute selections from two different participants
  4. Prices at which Recommended have either been provided by the Participant when making the Reco and reflect the current market price at the time or where they have not stated the price,the last price when they made the reco has been sourced from the BSE & NSE
  5. Most have not given targets for 2015 Selections but the four selections that have been given targets and all are  over 100% + except one,are as follows : Freshtop Fruits Rs 250,PTC India Financial Services Rs 90,Subros Rs 150 and Tata Sponge Rs 1500+
  6. Adani Group finds representation but none from the Ambani Groups ~ perhaps realisation that Reliance Ind has been a losing 5 year Investment thus far and ADAG Companies have struggled
  7. Tata Sponge is the lone entry from the Tata Group.
  8. Media and Aviation have two each in Network 18 and TV Today and Jet Airways & Spicejet respectively
  9. Pharma & Auto Ancilliaries & NBFCs &  IT  & Speciality & Commodity Chemical Sectors are well represented
  10. Can see a few potential turnaround selections as well as a few that have already run up huge in 2014
  11. Tea & Coffee Beverages & Renewable Energy & Defence are represented but none from direct Power,Telecom or Real Estate or Retail
  12. No Bank & no Oil & Gas Major  & No visible Large Cap ! but Three Selections are also traded in the Derivatives Segment,namely,Adani Enterprise,Engineers India & Motherson Sumi

Going to be an interesting few days filtering all the above

L & T Chairman A M Naik expresses anguish and prescribes action for the Indian Economy

This is an informative and impressive interview given by A M Naik,Chairman of Larsen & Toubro in today’s edition of Economic Times expressing his anguish on the mistakes made and how to address challenges to bring India’s Economy back to a sustainable 9% to 10% GDP Growth Rate with financial inclusion

Some thought provoking bytes…..

On reviving GDP Growth Rate….“has to retrace itself to 9-10% and be sustainable for many years without stoking inflationWhen we grow at 10% the rich get wealthier,and therefore,it is important that it should be inclusive growth “

On Freebies….“I am not in favour of Freebies as it takes away the Dignity of Labour”

On Narendra Modi as PM…..” He is going to make a difference,that too a big difference”

On Driving Growth….” Look at our Trade Imbalance with other countries.It has grown in the last 15 years.If you import raw materials,it adds value to the nation.But if you bring ready-made TV,ready-made cars,then what jobs are you creating here?”

On Free Trade Agreements….“….thing that has damaged India is the indiscreet signing of free-trade agreements (FTAs)…the very word is free trade but where the trade traffic is one way you are exporting jobs and not creating jobs within the country.The Prime Minister in the BRIC Summit ais India has to create 10-15 million jobs.Yes we did.But we created them in foreign lands….We export iron ore to China which means we take it out from Mother Earth and the Chinese add value by making steel and export.That’s why manufacturing which was 22% of the Indian GDP went down to 17% and from a growth of 12% at one time it is registering negative growth.It was directly created by government policies…take a relook at all FTAs….We (Indians) are not bonded labour for life.”

On what should be the three Priorities of the Government…First,and foremost create jobs…restore the manufacturing’s contribution to GDP from 17% to 22%.China has 46%,Malaysia 40%,Indonesia 46%….Do you expect India’s population to daily wake up every morning and worry from where they get their lunch?”…Second,a country can be said to be powerful not just by it’s economic wealth but if it has it’s own independent and powerful defence sector …The government is willing to import and become the largest importer.But you are not willing to give the indian private sector it’s rightful opportunity…India’s defence is in a real bad shape…..We should agree to 49%,subject to genuine transfer of technology.But nowhere in the world,even in the most advanced nations like the US,which has a high-tech defence sector,do they allow foreign companies to hold a majority stake….Forget about sharing technology,it’s not going to happen…..create a strong defence equipment manufacturing base….third is to attract large FDI in Infrastructure….We are talking about a trillion-dollar investment in India and we haven’t even spend one-third of it in infrastructure…The Indian private sector  no longer has the appetite for public-private partnership(PPP).The previous government used to talk that half the amount would come from PPP-$100 billion a year.Today,through PPP even $ 5 billion cannot be raised….The private sector has no moneyThe route to invest in PPP does not exist anymore…Even the Centre’s own ability to spend so much money is limited because of the fiscal deficit,freebies and waiver of loans.The government has a plan to set up 100 cities and high-speed express rail…the quadrilateral is 6000 kms…Rs 100 crore/km…That is about Rs 6 lakh Crores…when you put your hand in the tijori,the money doesn’t exist….The only answer is large foreign direct investment” read more

When you are Happy and you know it clap your Hands!….and when you are not……!

I’m Happy about so many things…..

……proud of daughter and her School team of three bagging the trophy at the TIFR Brain Camp where they successfully defended their project “The Effect of Glucose on Cognitive Abilities” ~ 33 top students from 10 top Mumbai Schools attended the four day camp where they interacted with top neuroscientists 

…….love when Sensex drops and cannot sustain 20000 + levels as it will give some us interesting and lower risk levels in specific scrips to buy into….ideally would love the Sensex to drop even below my bottom range of 18500 I gave at the beginning of 2013 !….hope the US Fed obliges and begins tapering soon ! 

…….love to see Yuvraj back in form and want to see him regain his place in the India Team…he’s fitter and wiser and I guess more humble…and I’ve always loved this guy and his swagger !….he’s a match winner

…….loved the announcement of  Tata and Singapore Airlines launching their Airline 

…….happy to be recovering well and regaining strength and energy and appetite thanks in great measure to  the continuous and  overwhelming support, prayers and concern expressed by so many…deeply touched and makes me introspect am I this deserving !…had  an hours’ pleasant outing after 50 days !

……..happy for my cousin Bini Patel and her husband Gyan Correa  for their National Award winning film ‘The Good Road’ being selected as the India representation as the best foreign film  at the 2014 Oscars….hope it makes the final five !

I’m also not Happy on a few things…..sad,angry and helpless

……..Thought Karan Johar was a sore loser voicing his anger and that we had lost a golden chance to win when his ‘The Lunchbox’ was not selected and the 16 member jury opted for ‘The Good Road as above….I have seen neither but surely the Jury must have seen something good in ‘The Good Road’

……..Unprovoked Cowardly attacks continue unabated as innocent people including children and women are massacred around the world….An upmarket Kenyan Mall was attacked…..Suicide Bombers targeted a Peshawar Church….hundreds have died yesterday in both and even more have been been wounded

……UPA Government overturning a Supreme Court Order and passing an Ordinance to protect convicted MPs and MLAs from losing their Parliament and Legislature Seats…..this is the level of degenaration we have now stooped to that we shall be helpless when continued to be governed by Criminals !   read more

Just Loved to see Ignoramus Sanjay Jha the Congress Spokesman put in his place by Dr Subramanian Swamy and TSR Subramaniam on a TV Debate

I have wisened over the years that it’s pointless to get agitated or angry at people whose arguments in Debates on Issues of National Concern are simply mere apologies that are not rational or logical in substance  ~ but when your senses are repeatedly assaulted by idiots what do you do !?

Just Loved it !  ~the nonentity,revolting,obnoxious, ignoramus and as always completely clueless,but highly opinionated on all matters under the Sun ! Sanjay Jha, who from owning and covering Cricket on his website is now a Congress Spokesman,being ridiculed and taunted and literally put in his place by Dr Subramanian Swamy of the Janata Party and T S R Subramaniam,former Cabinet Secretary on the Controversial Jet-Etihad Deal that the PMO now finds worrying ~ the debate was on Times Now and anchored by Arnab Goswami

T S R Subramaniam simply shooed Jha off ! saying he will not stoop to the level of even questioning Sanjay Jha’s abilities,wisdom,comprehension ,intelligence or understanding !

This poor guy,Jha, does not even realise he’s being used by the Congress ! ~ probably in the false notion that like  Spokesmen before him he too may be  rewarded by being kicked up and made a Minister ultimately !  ~ the guy’s lame every time he features on a TV Debate ~ Congress seems to have run out of Caliber and Articulate and Respected Spokemen to represent and explain and defend their stand and views and actions on Public Platforms and the Media Channels ~ probably a job no one wants ! what with huge corruption scams falling out of the UPA cupboard everyday  in virtually every Ministry  ~ Telecom,Irrigation,Defence,NHAI,Banking,Coal,Aviation……..    

The PMO is clearly worried ~after having been drawn into the 2G Controversy and seen it’s Officers questioned by the CBI on the Coalgate Allocations  ~ both issues highlighted strongly by CAG as causing a huge loss of thousands of crores to the exchequer and involved favouritism and nepotism in granting licenses and allocating mines

And so ,despite this Jet-Etihad Deal being pushed and passed by the Aviation,Commerce,Finance and External Ministries despite their  objections that were conveniently sidelined and overlooked and not explained,the PMO has now issued a u-turn letter expressing serious concern over this deal ~ National Security will be compromised ~the hub moves away to Abu Dhabi ~ Air India traffic will lessen as 37000 seats have been given away to Etihad ~ the spanking new Delhi Airport which is the current hub will remain empty and may become a white elephant read more