As expected domestic bourses continued the weak trend buoyed by global concerns. The bearish closing for the overnight US markets had dampened the sentiment in the domestic front during morning trade. The global sentiment was dampened after U.S. based trading firm MF Global Holdings Ltd, having huge exposure in the European sovereign debt, filed for U.S. Chapter 11 bankruptcy protection. The fresh sell-off came in as the European bourses opened negative after concerns rose over an announcement made by Greek Prime Minister George Papandreou that Greece will hold a referendum on a new EU bailout deal for the debt-ridden. On the positive side Indian manufacturing after having virtually stalled in September, rebounded for the first time in six months during October, boosted by rising domestic orders for new business.
BSE Sensex closed at 17,480.83, down by 224.18 points from the previous close, at the same time Nifty declined by 68.65 points and closed at 5257.95.
Pitti Laminations Ltd : Pitti Laminations which was recommended during 3rd week of sept at Rs.35-36 Range today closed at Rs.58.85 by gaining 12.74% for the day, The counter was recommended as value pick, by mentioning that it can provide 100% returns in 6 to 8 months time frame, already the counter provided 68% returns to all the paid members. and the latest update on the counter is : Profit after tax (PAT) stands at Rs.6.06 crores in Q2 of the current year as against Rs.1.85 crores in Q2 of the corresponding period of the previous year thereby recording a growth of 227.56%. What else is required look at the performance of the counter with in 1 month time frame the counter provided 60% returns.
Tera Software Ltd: Tera software which was recommended to buy and hold from Rs.47 in the Month of May and recommended to hold it for medieum term as the counter has very good fundamentals and now the members are reaping the benefits from the counter, today the counter closed at Rs.90.15, by providing, 91% returns. Members who has asked me what to do with the counter and always told to buy and hold this counter who has very good fundamentals, all the members are now enjoying the ride on the counter. Look at the blog previous updates to know more updates on this counter.
xxxxxx xxxx Ltd: The value pick which was recommended in the month of August at Rs. 34, where we asked our paid members to buy and hold the counter for 6 to 8 months for definate 100% returns today closed at Rs.45.25, the scrip has very good potential to achieve the provided target.
ShreeYash Industries Ltd: Depsite of indices bledded on the street,the counter resisting to go down and managed to close in green, as mentioned several times the counter will provide wonderful returns going forward in medieum to long term.
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