Markets closed in red after Reserve Bank of India raised rates by 25 bps which may weigh on margins and profitability of India Inc as loans would become more expensive. Also most of the Asian markets finished off the session on a downbeat note as concern rose over the Greece debt crisis. Sensex lost 146.36 points and closed at 17,985.88, Nifty lost 50.75 points and closed at 5,396.75.
Our Value Pick which was recommended in the early morning mail today gained 6% for the day, and closed at Rs.38.50. The scrip as said will provide 100% returns with in 8 months to 10 months time frame. The company is into rubber manufacturing one, with very strong fundamentals.
Money Matters Financial Services which was recommended on May 30th where the price of the scrip is at Rs.58, below is the news that we have provided to our paid members on May 30th.
"Money Matters (Bse Code: 531595):The company is going to acquire 5% stake from the open Market" and now every one can see the price of Money Matters Financial services is at Rs. 73.70. Even in this kind of bearish market conditions our recommended counters clocked handsome profits. Money Matters gained overall 27% with in 16 days time frame.
Our last week pick of the week counter gained 4% for the day and closed at Rs.30.
Madhusudhan Securities our multibagger stock locked at upper circuit in the late hours of trading and closed at Rs.78.
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