Friday, February 29, 2008

UNION BUDGET

Revenue deficit at 1.4% against budget estimate of 1.5%; To eliminate revenue deficit in FY10;

Fiscal deficit at 3.1% against budget estimate of 3.3%;

Total agricultural output 219.32 million tonne. Agriculture growth rate at 2.6% in 2007-08

Increased defence allocation from Rs.96,000 crore to Rs.1,05,600 crore, a rise of 10%

The income tax slab has been hiked from Rs.1,10,000 to Rs.1,50,000

10% tax on income from Rs.1,50,000 to Rs.3,00,000

20% tax on income from Rs.3,00,000 to Rs.5,00,000

30% tax on income over Rs.5,00,000

Tax exemption limit for women hiked from Rs.1,45,000 to Rs.1,80,000

Exemption limit for senior citizens raised from Rs.1,95,000 to Rs.2,25,000

Short term capital gains tax raised from 10% to 15%.

No change in DDT and STT

Waiver of loans to small and marginal farmers to the tune of Rs.60,000 crore.

No change in peak customs duty rate

CENVAT rates reduced on all goods from 16% to 14%

Exchange-traded currencies; interest rate derivatives to be introduced;

Allocated Rs.31,280 crore towards Bharat Nirman Progarm

Banking cash transaction tax to be removed

Service tax limited hiked to Rs 10 lakh.

Duties on iron ore exports increased to Rs 3,000/tn

Small cars to become cheaper

No change in corporate tax and surcharge

Three new IIT’s to be started in Andhra Pradesh, Rajasthan and Bihar

Urged to open bidding for five more UMPPs.

PAN requirement extended to all financial markets.

Textile Upgradation Fund to be raised from Rs.911 crore to Rs.1090 crore

30 integrated textile parks approved.

Increased outlay and spending on education

Increased outlay for irrigation

Customs duty reduced on steel scrap, few bulk drugs, cattle and poultry feed raw material, dairy industry, crude and refined sulphur used by fertiliser sector

Excise duty reduced on pharma goods, buses/chassis, cars, hybrid cars, two wheelers, paper and paper products, refrigeration equipments above two tonnes, bulk cement, cement clinker.

Special purpose tea fund to get Rs.400 crore and crop insurance scheme for tea plantations.

Intraday Calls for 29th Feb

Markets today totally depends on BUDGET. So be very carefull in today's trading.

Buy for Intraday: (Buy at lower levels as market may open weak as all global markets trading lower)

SAIL (253)
Tata Steel (824)
Nagarjuna Fert. (56)
Chambal Fert. (64.5)
Oswal Chemical (50)
Ansal Infra (215)
GMR Infra (176)
Power Grid (111)
RPOWER (442)

Good Luck

Thursday, February 28, 2008

Intraday Calls for 28th Feb

Markets may open flat to nagetive but it will recovers and it may see yesterday's due gains.

Buy for Intraday:

REL (1635) Target 1675-1700 SL 1615
Punj Lloyd (394) Target 400-410 SL 388
KS Oils (95) Target 100+ SL 91
JB Chemical (59) Target 62-65 SL 57
Shasun Chemical (62) Target 68 SL 59
IFCI (63.8) Target 68-70 SL 62
Dish TV (60.75) Target 65+ SL 58
BAG Films (52.80) Target 55-58 SL 51
Roto Pumps (82) Target 88-90 SL 80

Others: All Infra Stocks like GMR Infra, Lanco Infra, Ansal Infra, IRB may rally & Power Grid.

Good Luck

Wednesday, February 27, 2008

Intraday Calls for 27th Feb

A Smart and Strong Rally Expected today in Indian Stock Market. Sensex may see about 400-500 points and Nifty can see about 100-150 points rally.

Buy for Intraday:

Indiabulls Realest (642) Target 655-660 SL 630
GMR Infra (183.5) Target 188-190 SL 180
Cairn India (224) Target 235-240 SL 218
Hind Oil Exploration (113) Target 118-120 SL 110
Jindal Stainless (160) Target 168-172 SL 155
SAIL (245) Target 255+ SL 240
Nitin Fire (482) Target 500+ SL 476
GDL (116) Target 122-125 SL 112
ACC (830) Target 850 SL 820

Others: All Reliance Stocks, JKIL, IRB, Lanco Infra, Prism Cement.

Good Luck

Tuesday, February 26, 2008

Intraday Calls for 26th Feb

Market may open with gap up and remain positive for the day.

Buy for Intraday:

Watch the Rail Budget impact on Cement and Metal Sector.

ACC (818) Target 835-850 SL 810
Prism Cement (49) Target 52-55 SL 47
Tata Steel (809) Target 825-835 SL 800
SAIL (240) Target 251-255 SL 235
GMR Infra (176) Target 182-184 SL 172
REL (1622) Target 1635-1650 SL 1600
RPOWER (450) Target 460-475 SL 442
Reliance Industries (2550) Target 2600 SL 2525
Essar OIL (232) Target 245+ SL 226
Mphasis BFL (233) Target 240-245 SL 228

Good Luck

Monday, February 25, 2008

Intraday Calls for 25th Feb

Market may see a gap up opening and a strong rally.

Buy for Intraday:

GMR Infra (176) Target 182-185 SL 173
Bank of Rajasthan (172) Target 178-180 SL 168
Jaiprakash Associates (246) Target 260+ SL 240
Info Edge (Naukri) (962) Target 1000+ SL 950
OnMobile (534) Target 550-560 SL 530
ENIL (478) Target 495+ SL 470
Mudra Lifestyle (52) Target 58-60 SL 50
GTC industries (475) Target 490-500 SL 470
Keep an eye on REL & RPOWER. Both counter can see smart gain today with gap up opening.

Good Luck

Saturday, February 23, 2008

Reliance Power Bonus Ratio

Ratio of 1:1
If the company proposes to issue bonus in ratio of 1 : 1, and as stated above, share price may go upto Rs.500 per share. On ex-bonus basis, share price would correct to Rs.250 per share. This would increase the company’s equity capital from 226 crore shares to 248.80 crore shares, resulting into a market capitalization of Rs.62,000 crore, on post bonus, at Rs.250 per share. The present market capitalization of the company is Rs.92,600 crore at Rs.410 per share while it was at Rs.87,000 crore, at Rs.385 per share, at which it closed before bonus announcement. So, management would not be too keen to go for this ratio.

Ratio of 1:3
If ratio proposed is 1 bonus share for every 3, this would be definitely below market expectation, and can see share price sliding below Rs.400, which would defeat the basic purpose and objective of the management, for which management may not take risk and chance. Even if it is presumed that it is accepted by the market and share price remains at this level, shareholders would not get compensated. Prospects of share price crossing Rs.450, is remote with this ratio.

Ratio of 1:2
If ratio of 1 bonus share for every 2 share is proposed, share price has chances of moving to Rs.450, which would result in share price ruling at Rs.300, on ex-bonus basis. In this situation, the objective of bonus issue shall get achieved and market capitalization of the company would also be at Rs.71,000 crore as post bonus equity of the company, would rise to 237.40 crore equity shares.

Those shareholders, holding shares of RPL on record date, would be the only one’s eligible to receive bonus share and record date is not likely to be on or before 31st March, 2008. So, original investors of IPO, having sold and booked losses, will not be able to make good their losses or stand to gain from the proposed bonus issue.
Also we wish that no legal hurdles comes in the way of this bonus, as it is issued only to non-promoter category, inspite of the entire share capital of RPL being pari – passu. Since, Reliance Energy (REL), a listed company of the group is also a promoter, presently holding about 45% stake, any shareholder of REL can challenge this move of excluding promoters from bonus entitlement, inspite of all shares being pari – passu.
Under any situation, share price would not cross Rs.500 and may not fall below Rs.400, per share, on cum-bonus basis.
Source: sptulsian.com

Friday, February 22, 2008

Intraday Calls for 22nd Feb

Market may go South at the opening but recovery to the North expected later.

Buy for Intraday (Buy at lower levels with tight SL):

Prithvi Info (269)
Trigyn Tech (25.75)
Tech Mahindra (698)
KPIT Cummins (88)
GMR Infra (184)
JP Associates (259)
HDIL (825)
RPOWER (422)
Centurian Bank of Punjab (57)

Short to Med Term Delivery Buy: CHD Developers (19.50) Target 25-28

Good Luck

Thursday, February 21, 2008

Intraday Calls for 21st Feb

Market may see a bounce back and strong rally after yesterday's fall due to global cues.

Buy for Intraday:

GMR Infra (171.5) Target 178-180 SL 168
Essar Oil (238) Target 250+ SL 230
Dish TV (67) Target 72-75 SL 65
KS Oils (85) Target 90+ SL 82
Gujarat NRE Coke (155) Target 160-162 SL 152
Infosys (1570) Target 1625-1650 SL 1560
Prithvi Info (264) Target 275-280 SL 260
REL (1575) Target 1650+ SL 1565
RPOWER (408) Target 425-430 SL 402
OCL India (272) Target 285 SL 268

Good Luck

Wednesday, February 20, 2008

Intraday Calls for 20th Feb

Market may open with flat to nagetive but some recovery expected from lower levels with high volatility.

Buy for Intraday:
Ruppee Touches 40 Mark. Its good for IT & Tech stocks.
Crude Touches $100 mark yesterday and its good for oil exploration companies.

Infosys (1556) Target 1600+ SL 1540
Mphasis BFL (230) Target 238-245 SL 225
NIIT Tech (128) Target 135+ SL 122
ACC (790) Target 800-815 SL 780
SAIL (230) Target 235-238 SL 225
Tata Steel (812) Target 825-840 SL 800
Hind Oil Exploration (111) Target 118-120 SL 106
Selan Exploration (152) Target 165+ SL 148
Cairn Energy (214) Target 225+ SL 210
KS Oils (85.50) Target 90-92 SL 82

Good Luck

Tuesday, February 19, 2008

Intraday Calls for 19th Feb

Today market may open positive but will remain rangebound with positive bias.


Buy for Intraday:


Reliance Industries (2552) Target 2625-2650 SL 2530
Dish TV (71) Target 75-78 SL 68
Alembic Ltd. (59) Target 62-65 SL 56
IFCI (65) Target 68-70 SL 62
WWIL (53) Target 58-60 SL 50
Escorts Ltd. (111) Target 115-118 SL 108
ALPS Industries (55) Target 60 SL 52
Cairn India (219) Target 230-235 SL 215
NIIT Tech (120) Target 125-130 SL 116
UNITECH (400) Target 415-425 SL 395


Good Luck

Monday, February 18, 2008

IPO Talk: Rural Electrification Corporation

Rural Electrification Corporation is entering the capital market on 19th February 08, with a public issue of 15.61 crore equity shares of Rs.10 each, in the band of Rs.90 to Rs.105 per share. 50% of this issue is by way of fresh issue while 50% is by way of offer for sale.
After the recent debacle of many IPOs, this is one of the mega issues, which intends to mobilize Rs.1,640 crores. It has been seen that PSU IPOs have been reasonably valued. This maybe due to the conservative approach of issuer’s officials, as also, no personal interest is involved, as sailing through the issue is more important than the valuation. This issue falls in this category.
The company is a public financial institution, engaged in the financing and promotion of transmission, distribution and generation projects throughout India. The company, all along has been financing public sector projects, but has been shifting to joint sector and private sector, in view of mega power projects, now being set up by the private sector. As at 30-09-07, total of Rs.35,050 crores has been financed by the company, of which 96.33% has been to the public sector.
For FY 07, the total income of the company was at Rs.2,933 crores with PAT of Rs.776 crores, giving an EPS of Rs.9.95 on equity of Rs.780.60 crores. First six months of FY 08 seems to be quite good with topline at Rs.1,792 crores and PAT of Rs.523 crores, which results in an annualized EPS of Rs.13.40. Even on fully diluted equity of Rs.858.66 crores, this would be close to Rs.12.20. The present book value, as at 30-09-07, is at Rs.54, which would rise to Rs.63 to Rs.64, depending on the price discovery, post IPO.
Fresh infusion of Rs.700 crores to Rs.800 crores, into the company would be EPS accretive and 82% government stake, post issue, is also an assuring feature. The funds are mobilized mainly to augment capital base to meet future capital requirement of improved business and to list the shares.
We feel that in this turmoil, when primary market is not at all comforting with any good IPO, this is a better issue, where investors can safely apply for reasonable gains.

Source:sptulsian.com

Latest Gray Market Premium: Rs. 25-28/-.

Market Whispers

  1. Mirc Electronics can be bought at Rs.23 levels, as we may see settlement between the promoters brothers, which can take the share price to cross Rs.30 very soon.
  2. IFCI looks a safe and attractive at Rs.65 levels for short term and trading perspective.
  3. Godrej Industries after having corrected may soon travel northwards to cross Rs.320 levels. Share is a good bet at Rs.272 levels.
  4. Alok Textiles is recommended a good buy at Rs.73 levels as share may soon cross Rs.80 levels in February F&O series.
  5. Reliance Power is likely to move in a range of Rs.415 to Rs.430 per share. Share may not be able to cross Rs.450, as huge selling would come beyond Rs.450. Bonus personal by the company is viewed by the market as a damage control exercise, by its unprecedented move to issue to non-promoters only.
  6. Tourism Finace is advised as a value buy at Rs.33 as share price can cross Rs.50 level in the next 4 - 6 months.
  7. Investors holding Alps Industries are advised to remain invested with 6 - 9 months view as share has potential to rise to Rs.75 levels.

Source: sptulsian.com

Intraday Calls for 18th Feb

Market may open higher but profit booking can be seen at higher levels today.

Buy for Intraday:

Lok Housing (218) Target 225-230 SL 212
J Kumar Infrastructure (100) Target 108-115 SL 96
JP Associates (286) Target 300+ SL 280
Tanla Solution (635) Target 650-665 SL 630
Prithvi Info (270) Target 280 SL 266
Graphite India (55) Target 58-60 SL 52
RPG Lifescience (55) Target 58-60 SL 52
Dish TV (60) Target 65-68 SL 58
DCB (112) Target 118-120 SL 108
LIC Housing Finance (285) Target 300+ SL 280

Good Luck

Saturday, February 16, 2008

Short-Med Term Delivery Pick: Indo Borax and Chemicals

Indo Borax and Chemicals (BSE: 524342)
CMP : Rs. 90.40/-
52 Week High : Rs. 221.05/-
52 Week Low : Rs. 40.55/-
Face Value : Rs. 10/-
EPS : Rs. 20.10/-
P.E.: 4.49
BV : 48.20
200 Days Simpal Moving Average : Rs. 149/-
150 Days Simpal Moving Average : Rs. 152/-
50 Days Simpal Moving Average : Rs. 135/-
30 Days Simpal Moving Average : Rs. 121/-
Dec. Quarter Profit (Dec 07): Rs. 19.30 Million (Profit rises 43 % QOQ)
Year Profit (March 07): Rs. 47.80 Million (Profit rises 86% YOY)
Company Continuesly doing well and great future ahead.
Recommandation: Accumulate (Buy at current Level and at decline) Target : Rs. 140-165/- (Short - Med term) Rs. 200/- (Long Term) SL 75/-
(Before investing do your own research)

Long Term Target for BSE Sensex

Click Here For detail and download the file.

Friday, February 15, 2008

Intraday Calls for 15th Feb

Market may see high volatility in today's trade. 250-300 points +/- swing can be seen in sensex and about 50-75 points in nifty.

Buy for Intraday:

Indiabulls Realest (623) Target 650+ SL 610
Indiabulls Financials (658) Target 675-680 SL 645
MTNL (125) Target 128-130 SL 122
Graphite India (53) Target 58-60 SL 50
KS Oils (83) Target 88-90 SL 80
Lok Housing (211) Target 220-225 SL 205
Man Industries (103) Target 115 SL 98
Nagarjuna Fert. (49.50) Target 52-54 SL 46

Good Luck

Thursday, February 14, 2008

Intraday Calls for 14th Feb

Market may see a huge rally today.

Buy for Intraday:

Gujarat NRE Coke (119) Target 125+ SL 116
RNRL (116) Target 122-125 SL 114
GMR infra (147) Target 155-160 SL 144
Suzlon Energy (310) Target 322-325 SL 305
Indiabull Realest (570) Target 595 SL 560
Indiabulls Financial (626) Target 650 SL 620
REL (1558) Target 1600+ SL 1525
RPOWER (350) Target 375+ SL 340
Satyam Computer (432) Target 445+ SL 425
Prithvi Info (262) Target 275+ SL 255

Short to Med term Dilivery Buy: Ritesh Properties, Ansal Buildwell, Alembic Pharma, Prithvi Info & Graphite India.
Good Luck

Wednesday, February 13, 2008

Intraday Calls for 13th Feb

Market may open higher as all global indices are trading up. Sensex rally of about 400-500 points and nifty 100-150 points rally expected.

Buy for Intraday:
Infosys (1546) Target 1575+ SL 1535
Satyam Computer (421) Target 435 SL 415
REL (1530) Target 1575-1600 SL 1500
RPOWER (354) Target 365-375 SL 340
RNRL (117) Target 125-130 SL 112
RPL (147) Target 155-160 SL 142
Prithvi Info (266) Target 275-282 SL 260
GMR Infra (143) Target 155+ SL 140

Good Luck

Tuesday, February 12, 2008

Intraday Calls for 12th Feb

Market is likely to bounce back. Nifty double bottom at 4850 and may bouce back from these levels for short term target 5200-5300.

Buy for Intraday:

Bajaj Hind (240) Target 245-248 SL 236
Balrampur Chini (85) Target 88-90 SL 82
GMR Infra (152) Target 158-160 SL 148
Dish TV (62) Target 65-68 SL 60
Prism Cement (46) Target 50 SL 44
Reliance Power (372) Target 400 SL 360 (For Risky Trader)
Alembic (57) Target 62-65 SL 55
Satyam Computer (424) Target 432-438 SL 420
Punj Lloyd (340) Target 350-355 SL 335

Good Luck

Monday, February 11, 2008

Intraday Calls for 11th Feb

Market may see a very high volatility throughout the day. Be very carefull

Buy for Intraday:

New Listing RPOWER. It can list around 550-600 and may see a huge selling at listing and price may go below issue price too. I think 700 mark can be touch in days to come.
Infosys (1550) Target 1575-1590 SL 1540
Satyam Computer (410) Target 418-425 SL 405
India Bulls (655) Target 675-680 SL 650
Prithvi Info (310) Target 320-325 SL 305

Good Luck

Friday, February 8, 2008

Intraday Calls for 08th Feb

Market may open flat to nagetive but it can see a smart recovery and gain today.

Buy for Intraday:

REL (1990) Target 2050-2100 SL 1975
Reliance Industries (2425) Target 2475-2500 SL 2400
Reliance Capital (1870) Target 1925-1950 SL 1855
NTPC (206) Target 215-218 SL 202
Punj Lloyd (386) Target 400-415 SL 380
Air Deccan (186) Target 195-200 SL 182
Dish TV (70) Target 74-78 SL 68
Prism Cement (51) Target 55-58 SL 48
Tata Matelics (180) Target 188-190 SL 176
Tata Steel (775) Target 800-825 SL 762
Alembic (63) Target 68-70 SL 61
Graphite India (57) Target 62-65 SL 55

Good Luck

Thursday, February 7, 2008

Intraday Calls for 7th Feb

Market may trade in range with high volatility. 18000 is major support for Sensex and 5240 for Nifty.

Buy for Intraday:

Lok Housing (245) Target 260+ SL 240
Repro India (130) Target 135-138 SL 128
Rajesh Export (135) Target 140-142 SL 130
Alembic Ltd. (65) Target 68-70 SL 63
Dish TV (70) Target 74-78 SL 68
KS Oils (82) Target 85-88 SL 80
Ispat Industries (48) Target 52 SL 46
IFCI (69) Target 72-75 SL 67
Prithvi Info (325) Target 330-335 SL 320

Others: Radico Khaitan, Technocraft, GAIL, Blue Star, Prism Cement.

Good Luck

Wednesday, February 6, 2008

Intraday Calls for 06th Feb

Market will open gap down and can creat panic.

Buy for Intraday at Panic:

IT & Tech Stocks like: Infosys, Satyam Computer, TCS, Tech Mahindra, Prithvi Info, Mphasis BFL, Helios & Matheson.

Pharma Stocks: Cipla, Ranbaxy, Alembic Ltd.

Deccan Aviation (185)
Blue Star (490)

Good Luck

Tuesday, February 5, 2008

Helios & Matheson Information Technology Ltd (BSE: 532347)
CMP : Rs. 107/-
52 Week High : Rs. 188.85/-
52 Week Low : Rs. 88.65/-
Face Value : Rs. 10/-
EPS : Rs. 26.50/-
P.E.: 4.04
BV : 51.60
200 Days Simpal Moving Average : Rs. 131/-
150 Days Simpal Moving Average : Rs. 126/-
50 Days Simpal Moving Average : Rs. 117/-
30 Days Simpal Moving Average : Rs. 119/-
Dec. Quarter Profit (Dec 07): Rs. 156 Million (Profit rises 0.25 % QOQ)
Year Profit (March 07): Rs. 599.20 Million (Profit rises 57% YOY)
Company Continuesly doing well and great future ahead.
Recommandation: Accumulate (Buy at current Level and at decline) Target : Rs. 140-165/- (Short - Med term) Rs. 200/- (Long Term) SL 85/-
(Before investing do your own research)

Intraday Calls for 5th Feb

Market is likely to open weak but remains volatile.

Buy for Intraday:

Punj Llyod (396)
Cairn (212)
Helious & Mathesons (109)
Prithvi Info (328)
RCOM (686)
Parsvnath Developers (287)
Madhav Marbles (70.50)
Tata Steel (802)
NTPC (213)
Neyveli Lignite (149)

Good Luck

Friday, February 1, 2008

Intraday Calls for 1st Feb

Market may see a strong rally today.

Buy for Intraday:

Mphasis BFL (225) Target 230-232 SL 220
Lok Housing (227) Target 235-240 SL 222
IndiaBulls (710) Target 725-735 SL 705
PSTL (405) Target 425 SL 400
IVR Prime (285) Target 300 SL 280
Ansal Infra (251) Target 260-275 SL 245
Neyveli Lignite (142) Target 145-148 SL 140
IDEA (123) Target 130 SL 120
Tata Steel (735) Target 750-765 SL 728

Others: Infosys, Subex, Prithvi Info, Satyam Computer, RPL, Reliance Energy.

Good Luck

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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