i Develop Stocks Advisory

Nerve before the event "There are persons who, when they cease to shock us, cease to interest us." Globally all markets were doing pretty good but our markets were in red with lack lusture trading. This is because if markets don’t shock us than they will cease to have interest in them. Market was actually showing signs of nervousness before the RBI meet slated tomorrow where in much are only expected but not much would come. RBI has already taken steps secondly today Govt has proposed a 15% export duty on steel products. This kept the market subdued for the major part of the trade and made the market nervous. One of our research Bhagwati Gas has posted Rs.23.6 mn profit YoY as against Rs. 17.2 mn last year. It is currently quoting at 16 times it 08 earnings. It has procured new plant in Khetrinagar and installation and commissioning work is going on. It is also started decommissioning of 120 tpd plant which will be relocating to Bhandara, Maharashtra. More over Rotor-1 Ltd having registered office in Russia at 77-B Lenina Street, Kursk, a Russian Company with whom Bhagawati Gases Ltd has entered into Memorandum of Understanding in relation to the bids invited by Oil and Natural Gas Corporation Ltd (ONGC), has been awarded tender by ONGC for Low Frequency Passive Seismic Survey for detection of Direct Hydrocarbon in South Kadi Area of Western Onshore Basin in the state of Gujarat (India).The Contract is valued at 885,300 US Dollars. Bhagwati Gas seems to be well placed and looks an attractive investment bet for couple of years. "When people are free to do as they please, they usually imitate each other."