Paramount Communication (530555)
CMP Rs. 35/-
Very Strong Fundamentals. EPS around Rs. 5/- (After Stock Split)
Good accumulation is going on.
A bounce expected above Rs. 35, which can take the stock price higher to Rs 45 or Rs 50.
Results on 23rd June. Hope is that results will be great.
So Buy it at CMP and every decline for very short term target Rs. 45-50/-
Thursday, June 7, 2007
Markets Today
It was an extremely volatile day with markets moving in the positive and negative terrain. The markets ended in red with moderate losses. Heavy selling pressure was seen in auto, banking and FMCG stocks. The only index to close in green was IT with rupee stabiling aroung 40.65 levels against the dollar.
Asian markets ended flat to positive. Nikkie closed in green and Shanghai was up 3%.
After hovering around the 4200 mark, Nifty slipped and closed below the 4200 level and the Sensex closed below the 14,200 level.
The turnover has been huge, especially in the F&O segment of over Rs 40,000. The BSE Midcap and smallcap indices outperformed the fronline indices and closed flat.
Sensex was down 69.75 points or 0.49% at 14186.18, and the Nifty down 18.75 points or 0.45% at 4179.5.
About 1010 shares have advanced, 1443 shares declined, and 75 shares are unchanged.
The BSE Small Cap Index closed flat at 7,391.02.
The BSE Midcap Index ended at 6,187.97 down 6.06 points or 0.10%.
The BSE FMCG Index wad down 1.7% at 1,811.60. United Brewerie, P and G, Bata India, ITC, Godrej Consumer closed in red.
The BSE Metal Index closed flat at 10,427.05. JindalStainless, Hind Zinc, SAIL, Shree Precoated were among the losers.
The BSE Bankex was down 1.1% at 7,512.09. Allahabad Bank, Bank of Baroda, Oriental Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.4% at 3,771.89. Biocon, Lupin, Wockhardt, Sun Pharma closed lower.
The BSE Capital Goods Index was down 0.2% at 10,958.41. Crompton Greave, Carborundum, Siemens, BEML, L&T and Jyoti Structure ended lower
The BSE Auto Index closed at 4,812.08 down 1.2%. Escorts, Bajaj Auto, Hero Honda, Ashok Leyland, Maruti Udyog were among the losers.
The BSE IT Index closed at 4,957.57 up 1.7%. Financial Tech, Mphasis, Patni Computer, Satyam ended weak.
The BSE Oil and Gas Index closed at 7,393.11 down 1%. HPCL, Reliance, IOC, ONGC, Essar Oil ended in red.
The NSE cash turnover was at Rs 9081.35 crore and the NSE F&O turnover was at Rs 42284.84 crore. The BSE cash turnover was Rs 4272.41 crore. Total market wide turnover was at Rs 55638.6 crore.
Asian markets ended flat to positive. Nikkie closed in green and Shanghai was up 3%.
After hovering around the 4200 mark, Nifty slipped and closed below the 4200 level and the Sensex closed below the 14,200 level.
The turnover has been huge, especially in the F&O segment of over Rs 40,000. The BSE Midcap and smallcap indices outperformed the fronline indices and closed flat.
Sensex was down 69.75 points or 0.49% at 14186.18, and the Nifty down 18.75 points or 0.45% at 4179.5.
About 1010 shares have advanced, 1443 shares declined, and 75 shares are unchanged.
The BSE Small Cap Index closed flat at 7,391.02.
The BSE Midcap Index ended at 6,187.97 down 6.06 points or 0.10%.
The BSE FMCG Index wad down 1.7% at 1,811.60. United Brewerie, P and G, Bata India, ITC, Godrej Consumer closed in red.
The BSE Metal Index closed flat at 10,427.05. JindalStainless, Hind Zinc, SAIL, Shree Precoated were among the losers.
The BSE Bankex was down 1.1% at 7,512.09. Allahabad Bank, Bank of Baroda, Oriental Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.4% at 3,771.89. Biocon, Lupin, Wockhardt, Sun Pharma closed lower.
The BSE Capital Goods Index was down 0.2% at 10,958.41. Crompton Greave, Carborundum, Siemens, BEML, L&T and Jyoti Structure ended lower
The BSE Auto Index closed at 4,812.08 down 1.2%. Escorts, Bajaj Auto, Hero Honda, Ashok Leyland, Maruti Udyog were among the losers.
The BSE IT Index closed at 4,957.57 up 1.7%. Financial Tech, Mphasis, Patni Computer, Satyam ended weak.
The BSE Oil and Gas Index closed at 7,393.11 down 1%. HPCL, Reliance, IOC, ONGC, Essar Oil ended in red.
The NSE cash turnover was at Rs 9081.35 crore and the NSE F&O turnover was at Rs 42284.84 crore. The BSE cash turnover was Rs 4272.41 crore. Total market wide turnover was at Rs 55638.6 crore.
Source:moneycontrol.com
Intraday Calls for 07th June
Nifty: Strong supports are 4150, 4140 and Resistance are 4220, 4230
Sensex: Strong Supports are 14150, 14110 and Resistance are 14300, 14320
Today Market will take support (4150-4140 and 141450-14100) after weak opening and may bouce back from oversold zone. Smart Recovery expected in second half.
Buy Sail @ decline below Rs. 130/- Target Rs. 135/- SL Rs. 128/-
Buy Helios & Matheson @ Rs. 172-175/- Target Rs. 180-185/- SL Rs. 170/-
Buy Mphasis BFL @ Rs. 310/- Target Rs. 320-325/- SL Rs. 305/-
Buy Cranes Software @ Rs. 120/- Target Rs. 125/- SL Rs. 117/-
Buy KPIT Cummins @ Rs. 141-143/- Target Rs. 145-148/- SL Rs. 138/-
Buy Cinemax @ below Rs. 160/- Target Rs. 165-168/- SL Rs. 155/-
Others are: Reliance Ind (1687), NTPC (155), SesaGoa (1645), Suzlon (1310), BILT (115), ISMT Ltd. (95) Ispat Ind (15).
All buys are on decline as market will opens weak and corrects more at firts half, Recovers later.
News:
• Suzlon Energy's subsidiary signs contract with Edison Mission Group of Irvine, California
• Alstom bags contract worth Rs 255 crore
• Voltas' FII shareholding reaches 29.96% of paid-up capital
• Indiabulls Real Estate's subsidiaries receive approval from Department of Commerce
• Sunil Hitech Engineers bags Rs 15.24- crore order
• Cyber Media (India) net profit dips 74.22% in the March 2007 quarter
• BASF India net profit dips 26.31% in the March 2007 quarter
• Netlink Solutions (India) net profit dips 73.08% in the March 2007 quarter
• NESCO net profit rises 364.18% in the March 2007 quarter
• Cyber Media India recommends dividend
Good Luck.
Sensex: Strong Supports are 14150, 14110 and Resistance are 14300, 14320
Today Market will take support (4150-4140 and 141450-14100) after weak opening and may bouce back from oversold zone. Smart Recovery expected in second half.
Buy Sail @ decline below Rs. 130/- Target Rs. 135/- SL Rs. 128/-
Buy Helios & Matheson @ Rs. 172-175/- Target Rs. 180-185/- SL Rs. 170/-
Buy Mphasis BFL @ Rs. 310/- Target Rs. 320-325/- SL Rs. 305/-
Buy Cranes Software @ Rs. 120/- Target Rs. 125/- SL Rs. 117/-
Buy KPIT Cummins @ Rs. 141-143/- Target Rs. 145-148/- SL Rs. 138/-
Buy Cinemax @ below Rs. 160/- Target Rs. 165-168/- SL Rs. 155/-
Others are: Reliance Ind (1687), NTPC (155), SesaGoa (1645), Suzlon (1310), BILT (115), ISMT Ltd. (95) Ispat Ind (15).
All buys are on decline as market will opens weak and corrects more at firts half, Recovers later.
News:
• Suzlon Energy's subsidiary signs contract with Edison Mission Group of Irvine, California
• Alstom bags contract worth Rs 255 crore
• Voltas' FII shareholding reaches 29.96% of paid-up capital
• Indiabulls Real Estate's subsidiaries receive approval from Department of Commerce
• Sunil Hitech Engineers bags Rs 15.24- crore order
• Cyber Media (India) net profit dips 74.22% in the March 2007 quarter
• BASF India net profit dips 26.31% in the March 2007 quarter
• Netlink Solutions (India) net profit dips 73.08% in the March 2007 quarter
• NESCO net profit rises 364.18% in the March 2007 quarter
• Cyber Media India recommends dividend
Good Luck.
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