Bombay Dyeing up by 21% on i-Develop call

The past is never dead - it is not even past. You think that we forget history we do not. We know past, present and future of our research calls. Only I Develop can do it…a brand maker and value creator. Sabse aage sabse TEZ.

Bombay Dyeing up by 21% on I Develop call with unbelievable volume of close to 6 mn shares. In fact, in a letter of spirit we thought at once that the name of Bombay Dyeing has become obsolete as Bombay is not dieing now. Our core team suggested that it could be tempting for Wadia’s to change the name of the co or it’s would be de-merged unit to “Mumbai making”. I think this is sufficient hint for you to guess why this stock is heading for Rs 1600 very shortly.

It is not DIWALI every day some times it is HOLI and yes B D will prove that the target set for DIWALI will happen in HOLI.

Parshwnath Developers was in news today for its JV with Marriott gr of hotels but we do not think that was the driver of the stock. We believe that its QIP is frozen at Rs 650 which should happen in next 30 days like our call on GMR.

Petronet LNG and IDBI are under huge accumulation and this time they are unlikely to reverse from their earlier top and would race into new orbit; may be tomorrow. Both these stocks have drivers and will really burst like RNRL happened today. RNRL has seen huge volumes of 270 mn shares which was really unprecedented and is a clear pointer to some event happening in this stock. My call really is in favour of RPL though I can’t ignore RNRL. RPL will be my cake of next month. I would bet my last pant on this stock where I see this stock moving into a new orbit.

Those who had downgraded RPL are buyer in the stock which clearly suggests that the downgrade was only for grabbing these shares. This was seen earlier in Tisco and SBI and therefore these downgrades do not deter us our house calls. We know the value and triggers and for sure market will know in next 30 to 45 days why RPL is worth Rs 1000.

There is direct nexus of KING and 21 K. When KING crosses 3 K Sensex will cross 21 K and KING will touch 3200 for sure come what it may. Investors will do well holding positions in this stock.

Coming back to overall scenario, a ploy was laid in morning to create a panic of 200 odd points which was over within one hour but that had created enough damage to bears. Since yesterday market players were talking of some correction which happened but in the process the game was done. Shorts created and longs wound up. Again at 20500 at new Sensex a perfect platform for a bigger onslaught is set. Tomorrow could be the day of Bombay Dyeing crossing 1000 and RIL crossing Rs 3000 and this is possible only if market opens with wide gap of 300 points plus. Keep your fingers crossed.