Intraday Trading Calls for 31st July

Indian Stock Market may open positive but remains very volatile as expiry day today. A positive closing expected.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

CAIRN INDIA (235)

Buy Above 236.80 Target 240.65, 245.20

Sell Below 233.40 Target 229.70, 225.15

TRIVENI ENGINEERING (92)

Buy Above 93.20 Target 95.75, 98.80

Sell Below 90.70 Target 88.50, 85.50

ESSAR OIL (186)

Buy Above 187.80 Target 191.25, 195.00

Sell Below 184.50 Target 181.30, 177.05

PRAJ INDUSTRIES (180)

Buy Above 182.55 Target 186.40, 190.50

Sell Below 178.40 Target 175.00, 171.40

ZEE ENTERTAINMENT (204)

Buy Above 206.20 Target 210.65, 215.55

Sell Below 201.80 Target 198.20, 194.00

BAG FILMS (33)

Buy Above 33.60 Target 35.05, 37.25

Sell Below 32.40 Target 31.05, 29.25

Others: Selan Exploration, Hind Oil Exploration, Shiv Vani Oil, Adlabs Films, Sun TV.

Good Luck

Intraday Trading Calls for 30th July

Indian Stock Market will open gap up and remains positive for the day today. A strong rally and good positive closing expected.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

HPCL (218)
Buy Above 220.25 Target 224.65, 229.80
Sell Below 215.70 Target 211.45, 206.55
IOC (392)
Buy Above 395.45 Target 402.65, 410.00
Sell Below 389.70 Target 385.40, 380.20
RPOWER (154)
Buy Above 155.65 Target 159.05, 164.00
Sell Below 152.80 Target 149.30, 146.05
RPL (159)
Buy Above 160.60 Target 163.75, 167.50
Sell Below 157.50 Target 155.20, 152.40
VOLTAS (123)
Buy Above 124.75 Target 128.15, 132.55
Sell Below 121.60 Target 119.20, 116.70
BAJAJ HINDUSTAN (154)
Buy Above 156.20 Target 160.30, 165.00
Sell Below 152.50 Target 149.30, 145.05

Others: BPCL, GAIL India, Bajaj Hindustan, Renuka Sugar, Balrampur Chinni.

Good Luck

Intraday Trading Calls for 29th July

Indian Stock Market may open with gap down as all global markets trading lower and US Markets closed deep in red yesterday. A nagetive closing expected today.

Today's Intraday Trading Calls/ Stock Tips:

CAIRN INDIA (226)

Buy above 228.60 Targets 232.50, 235.60

Sell Below 223.50 Targets 220.10, 217.20

RENUKA SUGAR (126)

Buy above 127.55 Targets 130.50, 134.60
Sell Below 124.70 Targets 121.65, 118.20

EXIDE INDUSTRIES (70)

Buy above 71.20 Targets 73.65, 75.75
Sell Below 68.90 Targets 67.10, 65.05

PRAJ INDUSTRIES (202)

Buy above 204.60 Targets 207.50, 211.40
Sell Below 199.70 Targets 196.25, 192.50

ESSAR OIL (188)

Buy above 190.40 Targets 194.20, 198.60
Sell Below 185.70 Targets 182.10, 178.20

Others: Selan Exploration, Shiv Vani Oil, NIIT Tech, Sasken Communication.

Good Luck

Intraday Trading Calls for 28th July

Indian Stock Market May open nagetive but some recovery expected from lower levels and it may trade flat to positive through out the day today.

Today's Intraday Trading Calls / Stock Tips:

CHENNAI PETRO (300)

SATYAM COMPUTER (274)

CROMPTON GREAVES (242)

YES BANK (127)

MERCATOR LINES (96)

VOLTAS (124)

Buy at lower levels to previous close for Target of 5-10% with Stop Loss of 1-1.5%.

Good Luck

Intraday Trading Calls for 25th July

Indian Stock Market may open with gap down but some recovery expected after that. But remains very volatile and nagetive closing expected.

Today's Intraday Trading Calls / Stock tips :

CHENNAI PETRO
SELMCL
CAIRN INDIA
SATYAM COMPUTER
PRAJ INDUSTRIES
VOLTAS

For Levels and Targets CLICK HERE.

Today Keep an eye on Infosys, Tech Mahindra, TCS, Mphasis, NIIT Tech, Sasken, HCL Tech etc.

Short-Med Term Delivery Buy Spanco Tele (94) Target 140+ (Long Term Target 200+).

Good Luck

Stock Idea: Chennai Petroleum Corporation

Chennai Petroleum Corporation, as expected, has posted very good results for first quarter ended 30-06-08. Though the topline growth was good, profit growth was spectacular.
Its net sales rose 34% at Rs.11,253.20 crore. Its operating expenses rose 31%. EBIDTA showed a 82% jump at Rs.1,179 crore. Other expenditure included exchange fluctuation loss of Rs.198 crore million for the quarter. Its PBT consequently shot up by a whopping 104% at Rs.373.85 crore. Tax outgo was up 104%, yet it managed to show a spectacular 104% jump in PAT at Rs.703.27. crore.
Gross Refining Margin for the quarter was $ 15.89 / bbl as compared to $ 8.76 / bbl during the corresponding quarter of the previous year and $ 8.47 / bbl for the previous financial year.
The company posted its historically highest profit margins. OPM was at 10.48% and NPM at 6.25%.
The company, a subsidiary of Indian Oil Corporation (IOC), supplies its entire production to IOC at prices which it would pay to an international supplier. Hence, the biggest advantage which the company has is that its entire production is already booked but at existing international oil prices. It is not shackled under the Govt’s pricing. So it enjoys international rates, keeps its costs same and thus manages to reap a bounty.
The company is putting up another hydro diesel desulphurization unit at its Cauvery basin refinery. This would help the company overcome the problem of feedstock availability and expand its crude product line.
Currently quoted at Rs. 295, if you have the stock, hold on, it could prove to be a goldmine.

source: sptulsian.com

Intraday Trading Calls for 24th July

Indian Stock Market may open positively but it may face some profit booking at higher levels and remains flat for the day today.

Today's Intraday Trading Calls / Stock Tips:

ROLTA INDIA

ESSAR OIL

VOLTAS

BPCL

NEYVELI LIGNITE

ZEE ENTERTAINMENT

For Levels and Targets CLICK HERE.

Today Keep an eye on Zee News, Hanung Toys, SEL Manufacturing.

Short-Med Term Delivery Buy VOLTAS (124) Target 150+ (Long Term Target 250+).

Good Luck

Stock Idea: Voltas

Voltas has announced its first quarter results. The company's standalone net profit was up at Rs 85.1 crore versus Rs 52.2 crore (YoY).
Key takeaways from Voltas concall:
Income from Operations rose by 22% to Rs 1017 crores, as against Rs 834 crores in the same period last year.
Operating Profit (Profit before Tax and Exceptional Income /(Expenses)) increased by 32% to Rs 103 crores as against Rs 78 crores in the same period last year.
Profit after Tax increased by 63% to Rs 85 crores, as compared to Rs 52 crores in the same period last year.
EPS at Rs 2.57 on face value of Re 1 (not annualised).
Total order-book at Rs 5923 crores up by 165%.
International order book at Rs 4600 crore.
The Company’s Electro-mechanical Projects and Services segment’s revenues grew by 24%. The Order Book of this segment stands at Rs 5675 crores, registering a growth of 183%.
The Engineering Products and Services segment’s revenues grew by 23%, in the face of the continuing decline in demand for capital equipment.
Mining & Construction Equipment business achieved 39% growth in sales.
The Unitary Cooling Products for Comfort and Commercial Use segment’s revenues grew by 20% including 29% value growth in air conditioners.
The cash balance as on June 30, 2008 is Rs 370 crore.
Source: moneycontrol.com

Markets Today

Markets closed at day’s high after D day verdict as UPA government has won vote of confidence by 19 votes wherein 275 seats were in favour of them and 256 in against of them. It was biggest single intraday points gain for Sensex since March 25, 2008. In last five trading session the Sensex has recovered around 20% from its recent lows of 12576 (July 16, 2008).
All BSE sectoral indices were closed in green. Strong buying interest was seen in bank, realty, capital goods, power, metal and oil and gas sectors, which were up anywhere between 5% and 10%. The BSE midcap and small cap indices were also closed with good gains; they were up 5% and 4% respectively.
For quite some time markets were trading under pressure as political concern, rising crude price, inflation, rupee depreciation. Out of these, now political concern is out of the way after UPA government wins. There are sign of crude cooling off and which will auger well for rupee appreciation. So one can expect further rally in the coming days.
The Sensex was up 838.08 points or 5.94% at 14942.28, and the Nifty was up 236.70 points or 5.58% at 4476.80.
Market breadth was positve, about 2371 shares have advanced, 574 shares declined, and 205 shares are unchanged.
Top gainers on the bourses were Reliance Communications up 12.20%, ICICI Bank up 11.64%, HDFC up 10.92, SBI up 10.45% and Reliance Infra up 10.36%
However, top losers on the bourses were Cairn India at Rs 220.45 down 2.46% Cipla at Rs 232.50 down 2.21% and HUL at Rs 231.05 down 0.65%.
The BSE Bankex was up 9.99% or 662.52 points at 7291.Yes Bank, Karnataka Bank, Kotak Mahindra, Federal Bank, IDBI Bank and ICICI Bank spurted up.
The BSE capital goods index was up 8.18% or 933.47 points at 12,339.77. Punj Lloyd, Siemens, BHEL, Suzlon Energy, Crompton Greave, L&T and AIA Engineering gained.
The BSE realty index was up 8.08% or 388.78 points at 5,199.27. RNRL, Essar Oil, BPCL, IOC and Petronet LNG.
The BSE power index was 7.74% or 194.43 points at 2,707.11.
The BSE metal index was up 6.85% or 838.07 points at 13,070.52. Sesa Goa, Jindal Steel, Ispat Industries, SAIL and Jindal Saw ended green.
The BSE oil & gas index was up 5.14% or 482.28 points 9,864.59. RNRL, Essar Oil, BPCL, IOC and Petronet LNG ended up.
The BSE auto index closed up with 3.86% or 140.12 points at 3,768.18. Cummins, Escorts, MRF, Hind Motors, Exide Industries and Tata Motors moved up.
The BSE IT index was up 2.35% or 85.59 points 3,733.51. Financial Tech, Aptech, HCL Tech and Wipro closed positive.
The BSE health care index was up 1.26% or 52.11 points at 4,192.94. Wockhardt, Dishman Pharma, Piramal Health, Divis Labs and Matrix Lab surged.
The BSE FMCG index was up 1.13% or 23.90 points at 2,141.84. Marico, United Spirits, Bata India and Godrej Consumer. moved up.
Turnover traded by markets has improved, which stood at Rs 95860.28 crore . This includes Rs 20400.14 crore from NSE Cash segment, Rs 68010.68 crore from NSE F&O and the balance Rs 7449.46 crore from BSE Cash segment.

Source: moneycontrol.com

Intraday Trading Calls for 23rd July

Indian Stock Market will see a strong rally today as UPA wins Trust Votes and Crude oil goes down to $127 and also all global markets trading higher. So a good positive closing expected.

Todays' Intraday Trading Calls / Stock Tips:

ROLTA INDIA

SATYAM COMPUTER

VOLTAS

KSK ENERGY

IOC

RPL

For Levels and Targets CLICK HERE.

Today Keep an Eye on NTPC, GVK POWER, JP HYDRO, TATA POWER, Reliance Infra (REL), RPOWER.

Short-Med Term Delivery Buy VOLTAS (121) Target 150+.

Good Luck

What is Nuclear Deal

At the crux of this entire political conundrum, the core issue, which lays quite forlorn and forgotten is the nuclear issue. Today the politicians might have turned it into an opportunity to topple the UPA Govt but few remember that it all started with the nuclear deal.

Surely few of these politicians would have actually taken the effort to read the 82-page nuclear deal and tried to understand what it is all about. Somehow that does not come as a surprise at all! So without getting into the “political” angle of it, let us take a look at what exactly is this nuclear issue. What would India gain if UPA wins the vote and what we stand to lose if the deal gets cancelled?

What exactly is nuclear power?
Nuclear power is generated using Uranium, which is a metal mined in various parts of the world. It produces around 11% of the world's energy needs, and produces huge amounts of energy from small amounts of fuel, without the pollution that you'd get from burning fossil fuels.

Where does India currently stand on nuclear power?
In India, nuclear power is being produced under the Nuclear Power Corporation of India. Seventeen reactors are under operation and five reactors are under construction. These power projects are highly capital intensive and currently, takes care of 2.8% of the power needs of the country. Amongst the 30 countries in the world that use nuclear power, India’s rank at 27 is one of the lowest.

Why nuclear power?
To take India’s economic growth rate to greater heights, there is no doubt that power would be required as the main fuel for this growth. Though coal, thermal and hydro fuel would remain India’s dominant energy mix, it cannot continue to depend on coal alone. Global warming considerations and the immediate availability of clean coal technologies may constrain the coal route at least in the short term. Hydropower may also face constraints that arise from changes in the hydrological cycle triggered by long term climatic change. Hence having nuclear power in India’s energy portfolio is crucial for preserving India’s energy security

What does 123 agreement mean?
The 123 Agreement is the terms of engagement which operationalizes the treaty agreement between India and USA for transfer of civil nuclear technology. India’s right to test nuclear weapons, guarantees of lifetime fuel supply and India’s right to reprocess the spent fuel have all been covered in this agreement.

What is the Hyde Act?
The Henry J. Hyde United States-India Peaceful Atomic Energy Cooperation Act of 2006, it is known as the Hyde Act. It is the legal framework for this deal and provides the legal basis for the 123 Agreement with India.

What would the deal with USA mean for India?
The Govt has chalked out a roadmap wherein over the next 25 years, through the deal, it has set a target of generating 20,000 MWe (unit of nuclear power) as against the current 3,900 MWe.

The biggest advantage, which the UPA Govt is actually seeking is projecting to the world that it an ally of USA, which is a superpower in the world of today. The deal would provide India with access to American civilian nuclear technology. It would finally open up the door to US military technology, especially the fascinating US missile defense system.

Once the new reactors are set up, and they go critical without any time overrun, the nuclear power generation would take care of 8% of India’s total power requirement. More than 80% of the power generated in India comes from coal and thermal. And that will continue but just as oil has become critical today, coal will also one day reach such a stage. And unless we have backups ready, our entire country could get unplugged. Having nuclear power could help India, over the long run, offset the rising cost of coal.

Yes, price of uranium is also mounting. Between 2005 (when the India-US nuclear deal was first proposed) and 2007 (when the 123 Agreement was finalised), since then, the spot price of uranium has quadrupled. According to a June 2008 market assessment, a further 58 per cent increase is expected. But remember unlike oil, we are dealing with more mature economies here who will supply uranium and hopefully, they will prevent the present cartelization which we see in oil.

What is the cost of nuclear power?
At present, power from existing nuclear reactors costs, after huge subsidies, between Rs 2.70 and Rs 2.80 per kWh. The coal-fired Sasan mega power project in Madhya Pradesh will be supplying power at Rs 1.196 per unit. The real cost of power from existing nuclear reactors is around Rs 4 per unit; the cost of power produced by new reactors will be around Rs 5.50 per unit. But the economies of scale would soon start giving the advantages. Plus, these costs are today at the present levels of coal price, so when price of coal escalates further, cost would only go up.

What would the deal mean to Indian companies?
India has plans to set up 15 plants over the next 20 years. Business worth $100 billion is expected to be generated from this nuclear deal over the next 20 years. Apart from USA and France, which would benefit immensely, Indian companies too will get a part of this juicy pie. Over 400 Indian companies are expected to benefit, mainly for those involved in making equipment for nuclear power plants.

Why did the Left withdraw support?
The Left alleged that the deal would undermine the sovereignty of India's foreign policy. It has also stated that the Indian government was hiding certain clauses of the deal, which would harm India's indigenous nuclear program.

Source: sptulsian.com

Intraday Trading Calls for 22nd July

Indian Stock Market may open flat to nagetive and remains very volatile throughout the day.

Today's Intraday Trading Calls / Stock Tips:

LANCO INFRA
ESSAR OIL
VOLTAS
LIC HOUSING
JAIPRAKASH ASSOCIATES
CAIRN INDIA

For Levels and Targets CLICK HERE.

Short-Med Term Delivery Buy VOLTAS (124) Target 150+.

Good Luck

Stock Ideas: Pitti Laminations Ltd. Cosmo Films Ltd. 3i Infotech Ltd.

Pitti Laminations Ltd. (Code: 513519) (Rs.35.75) is primarily engaged in the manufacture of electrical steel laminations and stampings, which form a critical part in all industrial motors, alternators, pump sets, aeronautics, windmill generators and DG sets. It even produces small laminations on its High Speed Press for compressors. With an installed capacity of 25,000 MTPA, it is operating at 70% capacity utilisation leaving ample scope for future growth. Besides in January 2008, it has completed its forward integration plan and has put up a project for fabrication of steel stator bodies, machining of stator bodies and dropping of assembled stator core into the stator body. This will result in value addition and considerable improvement in the margin. However due to the rupee appreciation during FY08, it reported lower OPM of 12% against 14% in FY07. Accordingly, its sales improved by 15% to Rs.170 cr. but PAT declined by 35% to Rs.6.50 cr. after huge tax provisioning of Rs.4 cr. equivalent to 40% of PBT. It declared 20% dividend, which gives a yield of nearly 6% at CMP. With the rupee stable above Rs.42 it has the potential to clock a turnover of Rs.200 cr. with PAT of Rs.9 cr. i.e. an EPS of Rs.10 on its equity of Rs.9.50 cr. for FY09. A strong buy.

Cosmo Films Ltd. (Code: 508814) (Rs.83.60) is the pioneer and one of the largest manufacturers of Bi-axially Oriented Polypropylene Films (BOPP) with an installed capacity of 77,000 MTPA. It also manufactures thermal lamination film, an export focused product with higher margins. For future growth, the company is expanding its capacity by adding two BOPP lines of 40,000 MTA each. The first line is expected to be commissioned before March 2009 for which orders have 10 been placed for all major equipments. In addition, it is also adding two new lines in thermal lamination and increasing its capacity from 13,500 to 19,500 MTA. To fund all this, it recently placed 31 lakh warrants to be converted at Rs.107 per share. It has also taken the approval for issue of 10 lakh equity shares under ESOP. For FY08, it sales improved by 10% to Rs.585 cr. but the net profit zoomed by 80% due to better operating margin, lower interest and lower depreciation. It reported an EPS of Rs.23 and declared 50% dividend, which gives a yield of more than 6% at CMP. However this year, it may face margin pressure due to rise in crude oil prices with polypropylene being its main raw material. Hence it may clock a turnover of Rs.625 cr. with profit of Rs.35 cr. i.e. an EPS of Rs.16 on its diluted equity of Rs.22.50 cr.

3i Infotech Ltd. (Code: 532628) (Rs.94.10) is the fourth largest Indian software products company offering a comprehensive range of software products & solutions primarily for banking, insurance, capital markets, mutual funds, telecom, manufacturing, retail & distribution industries. For Q4FY08, its revenue increased by 70% to Rs.352 cr. and net profit jumped up 60% to Rs.50 cr. With significant growth anticipated in the transaction services business in India, the company has set up a hub and spoke model spanning across the country with cost efficient delivery capabilities and it is into processing of credit cards, insurance applications, contact point verification, soft collections, cheque clearing services, reconciliations, etc. As on date, the company has a very healthy order book position of Rs.865 cr. For entire FY08, it recorded 80% and 75% growth in sales and net profit to Rs.1223 cr. and Rs.183 cr. respectively. This translates into an EPS of Rs.14 on its current equity of Rs.130.50 cr. However, the EPS works to Rs.11 on its fully diluted equity (conversion of all FCCB) of Rs.165 cr. Recently the company has acquired a strategic stake of 26% in the Hyderabadbased Locuz Enterprise Solutions Ltd. for an undisclosed amount, with a commitment to acquire the remaining stake over a period. A strong and a safe bet.

Source: Moneytimes (Internet)

Countdown Starts

The countdown has begun. The vote of confidence is in progress, yet it fails to instill any sense of confidence in the political machinery of India today. The blatant horse trading and the way deals have been negotiated has left one completely bewildered about the kind of politicians, supposedly the leaders, we have today. The actual trust vote is scheduled to happen tomorrow between 5-6 PM and till then, this pushing and shoving of MPs and volley of words is expected to continue.
Just as the majority of the Indians today do not know where the Govt is headed, the stock market is also a reflection of this same sentiment. Since morning, despite the falling crude prices and positive global cues, the Indian bourses are directionless. Trading is extremely choppy and more stock specific. The market has taken the news of Reliance Communication (Rcom) calling off the deal with MTN in its own stride. The stock risen and reposed its faith back into the stock.
Despite all the happenings in the corporate world, politics has taken over all. Till this cloud of uncertainty is not cleared, the mood will remain despondent, which is till tomorrow’s session. By late evening we will know the outcome and that will give the markets a sense of direction for trading on Wednesday.
At this point of time, getting the magic number of 271 seems daunting for the UPA. The way Mayawati has made herself the nucleus of this entire drama left everyone completely dazzled. Her rise to power, the fact that she is being looked upon as the next Prime Minister of India is amazing, albeit a tad difficult to digest.
There is one school of thought which says that looking at the immense compromises the UPA Govt is making to accommodate the nuclear issue, taking on proven criminals and allowing them to bargain their way, isn’t that a major comprise on national interest? The Patna High Court last week granted bail to Mohammed Shahabuddin to attend the special session of parliament. It also temporarily released Lok Jantantrik Party lawmaker Surajbhan Singh, while a lower court in Allahabad allowed Samajwadi member Atiq Ahmed to attend the vote. The Delhi High Court also gave permission to Rajesh Ranjan, alias Pappu Yadav, to attend parliament. One cannot help but raise the question of political morality here.
There is no doubt that India today needs the nuclear deal. We are sitting on a power crisis and we need to work on this nuclear to avoid blackouts. The Prime Minister has reiterated that the signing of this accord will allow India to import technology and fuel without joining the 1970 Nuclear Non-Proliferation Treaty. The deal will help India increase its nuclear generation almost 10-fold and will help end the power crisis.
The markets would naturally react positively if the UPA manages to get the required number of votes. But this positive would then once again get dependent on the inflation and crude oil numbers. So even if we see a rise, it could be shortlived. And if the UPA fails, the markets would fall and then wallow in self pity, letting itself drown in the inflation and crude oil figures.
But yes, what could indeed be a welcome scene would be the UPA winning the trust vote and the crude oil also slipping downwards. Now that will drive away the bears for sure! If crude continues to fall, inflation would automatically start showing signs of coming down. That’s a clear win-win situation, Let us wait and watch and see how the cookie crumbles!

Source: sptulsian.com

Intraday Trading Calls for 21st July

Indian Stock Market may remains very volatile throughout the day today. A positive opening expected as all global markets trading higher but domestic political and govt. uncertainity may effect indian stock market and may see ups and downs both today.

Today's Intraday Trading Calls/ Stock Tips:

ADLABS FILMS
SASKEN COMMUNICATION
SATYAM COMPUTER
MPHASIS BFL
MERCATOR LINES
WIPRO

For Levels and Targets CLICK HERE.

Good Luck

Stock Idea: Jubilant Organosys

Karvy Stock Broking has recommended a buy rating on Jubilant Organosys with a target price of Rs 428 in its july 18, 2008 research report. "The net revenues for the quarter reported at Rs 8.27 billion exhibiting 53.1% y-o-y and 20% q-o-q growth against our estimates at Rs 7.46 billion mainly driven by strong growth witnessed from the Pharmaceutical Life Science Products & Services (PLSPS) segment. As expected, the Contract Research and Manufacturing Services (CRAMS) segment acted as the major and primary growth driver for the company contributing 54% to total net revenues and 86% to the PLSPS segment."
"The reported net profit shown de-growth of 91.1% to Rs 127.6 million in Q1FY09. As a result of higher revenue guidance of 50% vis-a-vis 35% we upgrade our earnings by 31.7 % to Rs 24.1 in FY09E & by 18.8 % to Rs 28.5 in FY10E. We revise our price target by 19 % to Rs 428 based on 15x on FY10E earnings and rate the stock as a BUY," says Karvy's research report.

Stock Idea: Pennar Industries

Karvy Stock Broking has maintained its buy rating on Pennar Industries with a target price of Rs 40 in its July 18, 2008 research report. "For Q1FY09, we expect Pennar Industries Ltd (PIL) to report a mixed result with strong sales growth but with margin contraction. In Q1 FY09, net sales is expected to exhibit a growth of 32% (YoY) and 6% (QoQ) at Rs 1707 million. We estimate net profit to be Rs 97 million, translating into EPS of Rs 0.76 for Q1 FY09."
"At the current price of Rs 28, PIL is trading at 8.4x FY09 and 7x FY10 earnings. Based on earnings, we value PIL at Rs 32/share (8x of FY10 EPS). This is backed by EPS growth of 30% (CAGR) for FY08-FY10. To add that, PIL is likely to unlock value from real estate holding, that is estimated to be around Rs 8/ share ( refer our report published on 14th March, 2008). Hence, we reiterate our BUY rating on PIL with a price target of Rs 40/share (against previous target of Rs41/ share). Currently, PIL is trading at EBITDA multiple of 6xFY09 and 5x FY10. Our target price also reflects an EBITDA multiple of 6x on FY10," says Karvy's research report.

Markets Today

Market Snapshot
Markets surge in later part of the day led by financials for 2nd day running
Sensex ends up 524 pts at 13635.4; Nifty up 145 pts at 4092.3
CNX Midcap Index up 2%, BSE Small-Cap Index up 1.1%
BSE-Bank Index up 8%; ICICI Bank up 12%, HDFC Bank 8%, PNB up 7.1%, SBI up 5.5%
BSE Realty Index up 5.5%; DLF up 7.2%; Unitech up 5%; Indiabulls Real up 7.7%
BSE Oil and Gas Index up 4.3%; Reliance up 4.7%, ONGC up 4.6%, HPCL up 4.2%, IOC up 7.5%
BSE Cap-Goods Index up 3.6%; BHEL up 5.5%;Punj Llyod up 5.3%, L&T up 4.3% ABB up 3.7%
BSE IT Sector Index down 2.6%; Satyam ends down 7.5% post results; HCL Tech down 5.4%, Wipro down 3.7%, TCS up 1.4%
Index Gainers: HDFC up 9.4%, Bharti Airtel up 7.2%, Reliance Infra up 6%, Nalco up 6%, Power Grid up 5.6%, ITC up 5.4%
Index Losers: Ranbaxy down 3.5%, Infosys down 2.2%, Sterlite down 1.9%
Results Impact: Tata Steel, Wipro, Satyam, Sasken, GE Shipping, IDFC, Allahabad Bank, Ultratech, Guj NRE, Chennai Petro
Buzzers: IDFC up 15%, Indian Bank up 11%, Selan up 10.5%, Yes Bank, Guj Nre Coke up 9%, Axis Bank up 7.8%, JP Ass up 7.5%
NSE Advance Decline at 2 : 1
Total F&O turnover at Rs 52795 cr Vs Rs 46,300 cr;
Total market turnover at Rs 70983.7 cr Vs Rs 62,852 cr on Thursday
F&O Snapshot
Fresh longs seen in Nifty Fut; adds 51.7 lakh shares in OI
Most of the Action in IT & Banking Stocks
Mix of Short covering and Aggressive long build up in banking & financials
Fresh Short positions in IT stocks after yesterdays short covering
Infra stocks like J P Associates & Punj Lloyd continues with long build up
Cap Goods stocks like L&T & Bhel sees fresh longs
Aggressive Put writing in Nifty 3900-4000 options
Option Activity: Nifty 3900 put adds 12.9 lakh shares Nifty 4000 put adds 6.8 lakh shares Nifty 4000 call sheds 2.2 lakh shares
Fresh Longs : Banks & Financials: IDFC, HDFC, Dena Bank, Canara Bank, SBI, Rel CapInfra : JP Associates, Punj LloydCap Goods : L&T & BHELMisc : RNRL, IFCI
Fresh Shorts: IT : Satyam , Wipro ,Mphasis , HCL TechMisc : Ranbaxy , Bajaj Hind , Sterlite
Short Covering : Banks : ICICI Bank & Indian BankMisc: Idea , Power Grid

source: moneycontrol.com

Intraday Trading Calls for 18th July

Indian Stock Market may continue yesterday's rally and today smallcap and midcap may also participate. A positive closing with good gains expected.

Today's Intraday Trading Calls / Stock Tips:

ADLABS FILMS
PUNJ LLOYD
YES BANK
GUJARAT NRE COKE
NEYVELI LIGNITE
HPCL

For Levels and Targets CLICK HERE.

Today’s Watch List: HPCL, BPCL, IOC, GAIL India.
Short Term Delivery Buy Chambal Fertilizer (57) Short Term Target 75+.

Good Luck

Markets Today

Markets Snapshot
Markets witness a strong pull-back after losing for 5 straight sessions; close at day's high
Interest rate sensitives lead the rally
Sensex ends up 536 pts at 13112; Nifty up 130 pts at 3947
CNX Midcap Index up 1.9%, BSE Small-cap Index up 1%
All sectoral indices except metals end in the green
BSE-Bank Index up 6.3%; HDFC up 10%; SBI up 8.4%, ICICI Bank up 6.2%, HDFC Bank 6.1%
BSE Cap-Goods Index up 6.3%; Siemens up 8.8%, L&T up 8%, BHEL up 5.3%; ABB up 4.4%
BSE Realty Index up 5.4%; DLF up 9.3%; Unitech up 3.8%
BSE Auto Index up 4%; Maruti up 9.3% ahead of results on Monday, M&M up 4.3%
BSE Oil and Gas Index up 3.5%; BPCL up 9.3%; IOC up 7.5%; HPCL up 5.6%; ONGC up 4.5%, Reliance up 3.9%
BSE Metals Index down 2%; Likely cap on steel-price hike hits sentiment
SAIL down 5.5%, Tata Steel down 2.9%, Sterlite down 5.9%
Star Performers: Polaris up 16% on strong Q1 performance and announcement of Real Estate foray
Results Impact: TCS, Mindtree, Polaris, Biocon, Chambal Fert, Unichem Labs,United Breweries
NSE Advance Decline at 2 : 1 Total F&O turnover at Rs 46,300 cr Vs Rs 45,738.2 cr;
Total market turnover at Rs 62,852 cr Vs Rs 61,636.2 cr on Wednesday
BuzzersBGR Energy up 20% for second straight sessionFirst Winner up 16%IVRCL Infra up 15%Essar Shipping up 10%JP Associates up 9%
F&O Snapshot
Most of the action seen in Stock Futures space with a long bias
Nifty fut ends with a discount of 15 points
More than 30% OI build up sees in stocks like Colgate, LIC Housing, Mphasis & Polaris
Metal stocks see short build up in today’s trade
Mid Cap IT stocks like Polaris & Mphasis see fresh long build up
Large Cap IT stocks see Short covering
Fresh Longs seen in Infra Stocks like Punj Lloyd ,Nagar Const & JP Associates
Short Covering seen in Cap Goods
Hugh unwinding seen in Nifty Call Options
Options Activity:Nifty 4000 call sheds 6.7 lakh sharesNifty 4100 call sheds 4.3 lakh sharesNifty 4200 call sheds 3 lakh shares
Fresh Longs:Infra :Punj Lloyd, Nagar Const & JP AssociatesIT: Polaris, MphasisMisc: RNRL, Renuka,GMR,IFCI,ICICI Bank
Fresh Shorts:Metals: SAIL,Sterlite,Nalco,Tata SteelMisc: Cairn, RPL
Short Covering : IT : Satyam , Infosys, TCS

Source: moneycontrol.com

Intraday Trading Calls for 17th July

Indian Stock Market will see a huge strong rally today. A gap up opening and good gains expected today. Inflation numbers will be announced today at noon so some volatility can be seen at mid session but overall positive trading expected today.

Today's Intraday Trading Calls / Stock Tips:

SATYAM COMPUTER

PUNJ LLOYD

NIIT TECH

SASKEN COMMUNICATION

ROLTA INDIA

KSK ENERGY

For Levels and Targets CLICK HERE.

Today's Watch List: Infosys, HCL Tech, TCS, Tech Mahindra etc. and Realty Sector UNITECH, DLF, IBREALEST etc.

Good Luck

Stock Idea: Sintex India

Religare Research has maintained its buy rating on Sintex India with a revised target price of Rs 503 in its July 15, 2008 research report. "Sintex Industries (Sintex) has reported disappointing Q1FY09 numbers due to lower volumes in the BT Shelter business and below-expected textiles revenues. While net sales increased 108% YoY to Rs 7.1 billion, this was spurred by the acquisitions of Bright AutoPlast, Nief Plastics and Wausaukee rather than growth in core operations. Higher employee costs and other expenditure shaved 590bps off the EBITDA margin to 11%. Sintex reports installation income on prefab construction under other income, which trebled to Rs 380 million during the quarter. Increased interest and depreciation offset the positive impact of other income, causing Sintex's net profit to grow much below our expectations at 68% YoY to Rs 567 million."
"The company's monolithic construction order book totaled Rs 15 billion at the end of the quarter with an execution period of two years. Further, the acquisition of Digvijay Communication during Q1FY09 will expand Sintex's geographical reach and product offerings in the telecom infrastructure sector. We are revising our estimates downwards in view of the below-expected quarterly results, tight market conditions and higher cotton and crude oil prices, which are weighing on margins. We maintain our Buy recommendation on the stock and roll over our target price to a one-year horizon. Our revised target for the stock is Rs 503 from Rs 587 previously," says Religare's research report.

Markets Today

Market Snapshot
New 15-mths closing for Sensex, Nifty
Sensex ends down 100 pts at 12575.8; hits a low of 12514 during the day
Nifty ends down 44 pts at 3816.7; hits a low of 3790.2 during the day
CNX Midcap Index ends down 1.5%; BSE Small-Cap Index down 1.3%
Ranbaxy bounces back after management clarification; gains 15%
BSE Realty Index down 5.9%; Unitech down 11%; DLF down 8%
BSE Metals Index down 1.7%; Nalco down 6%; SAIL down 4%; Tata Steel down 3.5%; Sesa Goa down 5%
BSE Bank Index down 1.7%; Banks continue to lose ahead of inflation numbers on Thursday at 5:00 pm
SBI down 3.9%; ICICI Bank down 1.8%, HDFC Bank down 1.6%
Results Impact: S Kumars, PFC, HDFC, TTML
Midcap Losers: Guj NRE Coke down 7%, GMR Infra down 5.5%, Nag Fert down 4.8%, Parsvanth down 4.6%
Small-cap losers; Nitco Tiles down 12.8%, RSWM down 10.5%, Asian Elec down 10%
Buzzers; Usher Agro up 14.3%, BGR Energy up 13.5%, First Winner up 10.2%
NSE Advance Decline at 1:3
Total F&O turnover at Rs 45738.2 cr Vs Rs 44,123 cr a day ago
Total Market Turnover at Rs 61636.2 cr Vs Rs 59,029 cr a day ago
F&O Snapshot
Nifty discount trims; signs of short covering pushes Nifty in premium in last trade
Ranbaxy up 15 %; sheds 11.1 lakh shares, 3 rd highest turnover in F&O
Fresh shorts seen in Real Estate stocks
NSE F&O turnover at Rs 45738.3 cr Vs Rs 44122.9 cr in yesterdays trade
Nifty 3800, 3900 & 4000 call adds open intrest; premium increases
Nifty Put continues unwinding; nifty 4000 put sheds 3.7 lakh shares
Option Activity: Nifty 4000 put sheds 3.7 lakh shares Nifty 3800 call adds 6.7 lakh shares Nifty 3900 call adds 6.9 lakh shares Nifty 4000 call adds 2.1 lakh shares
Fresh Short: Unitech dn 9.2 %; adds 21.5 lakh shares Dlf dn 7.2%; adds 5.8 lakh shares RPL down 4.15%; add 18.5 lakh shares in OI Cairn India down 4%; add 10.6 lakh shares in OI
Fresh Long: Shree Renuka up 7.5%; add 14.3 lakh shares in OI Bharti up 3.4%; add 5.2 lakh shares in OI HUL up 4.5%; add 4.2 lakh shares in OI PFC up 5.8%; add 3.8 lakh shares in OI
Short Covering : Misc: ITC, Alok Text, Balrampur Chini

Source: moneycontrol.com

Intraday Trading Calls for 16th July

Indian Stock Market may see a good bounce back due to short covering. A positive trading and closing expected today.

Today's Intraday Trading Calls / Stock Tips:

SATYAM COMPUTER

YES BANK

NIIT TECH

SASKEN COMMUNICAION

ROLTA INDIA

KSK ENERGY

For Levels and Targets CLICK HERE.

Good Luck

Stock Idea: Infosys Technologies

Karvy Stock Broking has maintained its buy rating on Infosys Technologies with a target price of Rs 2250 in its July 15, 2008 research report. "Infosys for Q1FY09 reported a sequential revenue growth of 6.9% to Rs 48.54 billion, with onsite and offshore billing rates inching up by 2% and 1% respectively, in an environment, where getting billing rate increases are difficult. Over the last one quarter there is some worsening of the environment in US (particularly in BFSI and retail), but clients of Infosys has decided on stick to the budgets and there is no real threat its full year dollar revenue guidance of USD 4.97–5.05 billion, which it gave at the end of Q4."
"At the current price, the stock is trading 16xFY09E and 12xFY10E, and the return ratios are at healthy levels of close to 37%. Though the stock has fallen by more than 10%, post the results, mainly on the back that the company has not revised its dollar revenue guidance and the fear that the BFSI vertical might experience much weaker revenue growth going forward. We believe it is an ideal opportunity to accumulate as the company would be growing its earnings close to 30%, and maintain our BUY rating with a price target of Rs 2250, which would give a return of 40% over the next one year," says Karvy's research report.

Intraday Trading Calls for 15th July

Indian Stock Market may open weak as all global markets trading weak. Some recovery expected in mid-session and again Stock Market India may close flat today.

Today's Intraday Trading Calls / Stock Tips:

Buy following scrips at Lower Levels of about 2-3% down to previous close for fast recovery gains with appropriate Stop Loss.

PUNJ LLOYD (211)

SATYAM COMPUTER (409)

HCL TECH (225)

INDIABULLS REALEST (277)

ROLTA INDIA (283)

VIDEOCON INDUSTRIES (275)

RPL (167)

Good Luck

Stock Idea: Orbit Corporation

A realty company, infact it is the first in the sector to declare its first quarter performance for period ended 30th June 2008. And clearly the troubled times seem to be showing on the bottomlines of the company. If times were booming in the last quarter of FY08, it is very apparent that the going is getting tough.
On a standalone basis, when the sales of the company itself falls, on a QoQ, by a whopping 86% at Rs.25.19 crore as against Rs.183.19 crore in Q4FY08, can much be expected of the profit margins? The company has managed to reduce its operating expense but naturally, that has not helped. EBIDTA was down 88% at Rs.11.06 crore, PBT fell 93% at Rs.6.40 crore and PAT was down 94% at Rs.4.82 crore as against its life time best of Rs.88.83 crore for Q4FY08. OPM was down sharply from 52.25% to 43.89% and NPM was down from 48.45% to 19.14%.
The company had raised Rs.100.10 crore in the IPO, of which it has utilized Rs.91.28 crore. What is gratifying to note is that it had earmarked Rs.50 crore for acquiring land for the said developments and this it has managed to do. The company acquired 85% stake in Ahinsa Buildtech Pvt. Ltd. consequent to which it has become a subsidiary of the Company. Ahinsa Buildtech has entered into a Deed of Conveyance with the receiver of Debt Recovery Tribunal (DRT) for acquiring the property of Orkay Mills situated at Kurla Andheri Road, Saki Naka, Andheri East. This gives the company 275,000 sq.feet of saleable land, which it plans to develop into a 5 star Residential Serviced Apartment with office complex.
The company had issued shares at Rs.110 per share, which is still quiet realistic if one were to go by the many other IPOs that followed at unjustifiable prices. At that time, realty was the toast of the marketmen and hence any price was ok. But it is at times like these, when the markets are down that those and realty is the most butchered sector, that the real test comes. Those who have issued shares at more realistic levels would manage to keep its head above water.
Orbit had touched a high at Rs.1080 and it today ruling at levels of Rs.248, Stay invested as the bottom seems to have been tested.

Source: sptulsian.com

Stock Idea: South Indian Bank

At a time when the banking industry is being hammered down by the investors and analysts have been stating that the Indian banks would be having a rough time, the financial performance and the 1:4 bonus issue comes as a tight smack on the face of all the detractors.
The first bank to always declare its results, the bank, with 500 branches, 26 extension counters and 226 ATMs seems to be doing well. YoY, deposits have gone up from Rs 12,834 crore to Rs 15,378 crore registering a growth of 19.82%. Advances increased from Rs 8,509 crore to Rs 10,643 crore registering a growth of 25.08%. The bank earned a total income of Rs 405.89 crore during the quarter as against Rs 321.97 crore for the previous year registering a growth of 26.06%. It posted a net profit of Rs.38.62 crore in as against Rs 30.37 crore for the previous year quarter, registering a growth of 27.16%.
The Capital adequacy ratio of the bank is high at 13.93% against the regulatory requirement of 9%. During the quarter, the Book value per share has increased from Rs 107.01 to Rs 132.70.
From April 09, once the banking sector would be made open for investments by the foreign banks and industrial groups, lot of interest would get noticed in these banks which would vastly improve their valuations. At the current rate of Rs.104, South Indian Bank makes a good buy as the downside risk is minimal.

Source: sptulsian.com

Markets Today

Market Snapshot
Markets end in the red amid volatile session of trade
Sensex ends down pts 139 at 13330.5; Nifty down 9 pts at 4040
CNX Midcap Index down 0.35%; BSE Small Cap Index down 1.1%
Ranbaxy loses 10.7% on concerns that a probe by the U.S. FDA may hit sales significantly
Axis Bank down 5.7% even after the company reported stellar results, NII up 81% at 810 cr, Net profit up 89% at 330 cr
IT Stocks continue their losing streak; BSE IT Index down 6% Satyam down 7.8%;Infy down 7.2%;HCL Tech down 5.7% TCS down 3.4%;
BSE Bank Index down 1.23%; Axis Bank down 4.6%, HDFC Bank down 3.4%, SBI up 3%,PNB up 2.4%
BSE Metals Index up 1.5%; Sterlite up 3.7%,Tata Steel up 2.6%, Nalco up 2.5%; SAIL up 2.1%
BSE Oil and Gas Index up 1.1%; ONGC up 3.1%; Reliance Ind up 1.4%
Index Gainers: NTPC up 3.1%, HUL up 2.8%, Cipla up 2.2%; Reliance Infra up 2.1%, Ambuja Cem up 1.9%
Index Losers: Unitech down 3.8%, BHEL down 3.6%, ITC down 3.4%, Hindalco down 3.3%, HDFC down 3.2%
NSE Advance Decline at 1 : 2
Total F&O turnover at Rs 40,096 cr Vs Rs 50,150 cr
Total Market Turnover at Rs 54916 cr Vs Rs 67781 cr on Friday
New Listing: KSK Energy closes at Rs 191.7 Vs lisitng price of Rs 220 ((Issue Price Of Rs 240))
F&O SNAPSHOT
Nifty discount trims further; signs of more short covering pushes the discount to single digits
Nifty July 3700, 3800 and 3900 puts add OI; PCR inches up
Trading action increases on news driven stocks
Short covering seen in beaten down sectors
Huge Short Buildup seen in:Ranbaxy: Down 10%; 30% OI buildupAxis Bank: Down 4.6%; 50% OI buildup seen Satyam Comp and Infosys: both down around 7%; 15% OI buildup seen
Fresh Shorts:Banks: Axis Bank, Kotak Mah Bank, J&K BankIT: Infosys, Satyam, TCSMisc: ITC, Crompton Greaves, BHEL, NCC
Fresh Longs: Misc: SAIL, RNRL, Oswal Chem, Tata Motors, SBI
Short Covering:Power: NTPC, Power Grid, Reliance InfraMisc: DLF, Ambuja Cem, IDBI, Essar Oil , Balrampur chini, Banks: Allahabad Bank, Canara Bank

Source: moneycontrol.com

Intraday Trading Calls for 14th July

Indian Stock Market may see positive opening but remains volatile. A flat to positive closing expected.

Today's Intraday Trading Calls / Stock Tips:

CAIRN INDIA
YES BANK
NIIT LTD.
VOLTAS
ROLTA INDIA
INDIABULLS REALST.

For Levels and Targets CLICK HERE.

Good Luck

Markets Today

SNAPSHOT of IIP DATA
APR INDUSTRIAL GROWTH REVISED TO 6.2% Vs 7% EARLIER
APR-MAY IIP GROWTH AT 5% Vs 10.9% (YoY)
MAY IIP GROWTH AT 3.8% VS 10.6% (YoY)
MAY MANUFACTURING GROWTH AT 3.9% Vs 11.3% (YoY)
MAY MINING GROWTH AT 5.2% Vs 3.8% (YoY)
MAY ELECTRICITY GROWTH AT 2% Vs 9.4%
MAY BASIC GOODS (UP) 3% Vs 10.3% (YoY)
MAY CAP GOODS AT 2.5% Vs 22.4% (YOY)
MAY INTERMEDIATE GOODS GROWTH AT 1.2% Vs 8.8% (YoY)
MAY CONSUMER GOODS GROWTH AT 7.2% Vs 8.7% (YoY)
MAY CONS DURABLES GROWTH AT 4.4% Vs -0.7% (YoY)
MAY CONS NON DURABLES GROWTH AT 8.1% Vs 12.1% (YoY)
MAY FOOD PRODUCTS GROWTH AT -8.6% (YoY)
MAY WOOD & WOOD PRODUCTS GROWTH AT -30.7% (YoY)
MAY PETROLEUM & COAL PDTS GROWTH AT -10.4% (YoY)
MAY TEXTILES PRODUCTS GROWTH AT 4.8%; JUTE DOWN -9%
MAY TRANSPORT EQUIPMENT GROWTH (UP) 12.3% (YoY)
MAY LEATHER & LEATHER PRODUCTS GROWTH (UP) 7.6%
May TOBACCO & PRODUCTS (UP) 31.1%
INFLATION INTERNALS
PRIMARY ARTICLES (UP) 0.9%,VEGETABLE PRICES (UP) 3.7% (WoW)
ALL COMMODITIES (UP) 0.1% (WoW)
FUEL UNCHANGED, MFG PRODUCTS (UP) 0.4%
FOOD PRODUCTS UP 0.3%, TEXTILES UP 2.5%
CHEMICALS & CHEMICAL PDTS UP 1.2%, NON METALLIC PDTS UP 0.8%
MACHINERY & MACHINE TOOLS UP 0.1%
FOOD PDTS: COCONUT OIL UP 11%, RAPE & MUSTARD OIL UP 5%
FOOD PDTS: SOYABEAN OIL UP 4%, EDIBLE OIL UP 1%
PULSES (UP) 0.8%, FRUITS & VEGETABLES (UP) 2.4%
BASIC METALS, ALLOYS & METALPRODUCTS (DN) 0.8%, FERT (UP) 4.5%
IRON & STEEL (DN) 1.4%, PIPES & WIRES (DN) 0.8%
NON FERROUS METALS (DN) 0.1%
Market Snapshot
Markets slide post IIP nos; May IIP growth at 3.8% Vs 10.6% (YoY)
Sensex ends down 456 pts at 13470; Nifty down 113 pts at 4049
CNX Midcap Index down 2.3%; BSE Small Cap Index down 1.4%
IT Index down 6.5% post Infy results, Cap Goods down 5% post IIP Data
Infy down 7%%; BT revenues has fallen from 10.3% in 4Q to 7.9% of revenues, a decline of 18% QoQ
BSE IT Sector Index down 6.7%; TCS down 8%;Satyam down 7%; Infosys down 7%; Wipro down 4.5%; i-Flex Soln down 9.1%
BSE Cap goods Index down 5%; L&T down 7%, Punj Llyod down 6.4%; ABB down 6%; BHEL down 2.7%
Crude oil back above $145/bbl; BSE Oil and Gas Index down 2.1%;
ONGC down 3.8%; Reliance down 1.5%
OMCs: BPCL down 8.4%; IOC down 4.7%; HPCL 3.1%;
Index Losers: Reliance Infra down 6.4%; Tata Power down 6.4%; HDFC down 5.6%; Power Grid down 4.8%; Tata Steel down 4.7%
Metals Gain: Nalco up 5.5%; Sterlite up 1.5%; Hindalco up 1.3%
NSE Advance Decline at 1 : 3
Total F&O turnover at Rs 50150 cr Vs Rs 35645 cr
Total Market Turnover at Rs 67781 cr Vs Rs 51884 cr on Thursday
New Listing: Lotus Eye Care Lists At Rs 36 Vs Issue Price Of Rs 38; closes at Rs 35.65
F&O Snapshot
Nifty Futures discount ends at 20 pts; discount widens to 50 pts post IIP nos
Nifty futures add 48.5 lakh shares Vs 22 lakh shares pre IIP
Nifty Mini witness hectic activity; 4th highest turnover seen at Rs 6656 cr after RIL, Infy, Rel Cap
Unwidnig seen in momentum stocks like IFCI, Ispat, TTML, RNRL, JP Ass, IndusInd, Deccan Aviation
Fresh shorts seen in tech, cap goods
Nifty Put option sees unwinding; Nifty call option sees aggressive writing
Option Activity:Nifty 4100 call adds 6.1 lakh sharesNifty 4300 call adds 3.1 lakh sharesNifty 4000 put sheds 3.2 lakh sharesNifty 3900 put sheds 2.5 lakh shares
Short Build up:Infosys dn 7.6%; adds 8.6 lakh shares (witness 2nd highest turnover in F&O)
Satyam dn 6.5%; adds 5.4 lakh shares
L&T dn 7.5%; adds 3.8 lakh shares
BHEL dn 3.6%; adds 3.2 lakh shares
Punj Lloyd dn 7%; adds 8.3 lakh shares
Long Unwinding: Ispat dn 6.6%; sheds 15.3 lakh shares Indus Ind dn 6.3%; sheds 3.6 lakh shares
Source: moneycontrol.com

Intraday Trading Calls for 11th July

Indian Stock Market may see very high volatility as Inflation numbers and IIP numbers to be announced at noon today. But There is strong possibility of Strong Rally in Stock Market India.

Today's Intraday Trading Calls / Stock Tips:

CAIRN INDIA
HDIL
UNITECH
NIIT TECH
SAIL
NEYVELI LIGNITE

For Levels and Targets CLICK HERE.

Today’s Watch List: Indiabulls Realest, DLF, Ansal Properties & Infra, Ansal Housing, Peninsula Land, Omaxe Ltd.
Lok Housing at UC Rs. 51.4/- Yesterday.

Good Luck

Intraday Trading Calls for 10th July

Indian Stock market may see a nagetive opening today and see some profit booking but again it can recover from lower levels and a flat closing expected.

Today's Intraday Stock Tips / Trading Calls:

PUNJ LLOYD
PRAJ INDUSTRIES
APTECH LTD.
IDEA
RPOWER
GUJARAT NRE COKE

For Levels and Targets CLICK HERE.

Today’s Watch List: NALCO, Tata Steel, SAIL, Ramsarup Industries, Bhushan Steel.

Good Luck

Intraday Trading Calls for 9th July

Market may see overall rally today. A strong rally and good positive closing expected today from Indian Stock Market.

Today's Intraday Trading Calls / Stock Tips:

PUNJ LLOYD
IOC
SASKEN COMMUNICATION
INDIABULLS REALEST
RPOWER
JP HYDRO POWER

For Levels and Targets CLICK HERE.

Watch List: Rolta India, Alstom Projects, NTPC, Torrent Power, REC, Power Grid

Good Luck

Investment Idea: BHEL

Bharat Heavy Electricals Ltd or BHEL as it is recognised, is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector, today. BHEL was established more than 40 years ago, manufactures over 180 products under 30 major product groups and caters to core sectors of the Indian economy. It has 14 manufacturing divisions, four Power Sector regional centres, over 100 project sites, eight service centres and 18 regional offices, and its employee strength is 42,600.
The company has posted a good performance for the year ended 31st March 2008. Its net sales rose by 12.34% at Rs.19,365.46 crore. Its mainstay continues to be the power sector, 80% of its turnover comes from this sector alone, the rest from the other industries. What is interesting to note is that in FY08, 14% of the total turnover came through commercialization of products and systems developed by way of in-house R&D efforts.
Significantly, during the year, BHEL spent over Rs.464 crore on R&D, which is 83% more than the previous year’s 68%. Infact, the R&D spend at 2.14% of the turnover, is among the highest in India in its kind of industry. Another notable achievement of FY08 has been the significant growth in Intellectual Capital with around one Patent/Copyright filed every alternate working day. It filed 175 patents and copyrights during the year, enhancing the company’s intellectual capital to 664 patents and copyrights filed.
The company’s PBT rose 18.58% at Rs.4,430.39 crore and PAT was up 18.41% at Rs.2,859.34 crore. Its equity capital doubled up from Rs.244.76 crore to Rs.489.52 crore in FY08 on account of the 1:1 bonus. EPS for the year was at Rs.58.41.
Power is its mainstay and with the current emphasis, which the Govt has laid in power sector growth, naturally, BHEL would be one of the biggest beneficiaries, what with the number of mega-power projects being created. If one looks at the turnover, it becomes apparent that the company is working at full capacity and for it to now reach a higher level, it will have to expand. Otherwise, its growth will be restricted.
All said and done, BHEL is a good buy at the current rate, if you have a 2-3 years horizon in mind.

Source: sptulsian.com

Markets Today

Market Snapshot
Markets remain volatile as Left withdraws support; recover from the day's lows
Political fallout on expected lines; markets react with a positive bias to developments
Sensex down 176 pts at 13350; recovers 300 pts from the day's low
Nifty down 42 pts at 3989; recovers 90 pts from the day's lows
CNX Midcap ends flat; BSE Small Cap Index down 0.5%
Reliance Industries down 2.5%; closes below 2000 for the first time since Aug 2007
BSE Cap Goods Index recovers nearly 5% from days low on hope of nuclear deal going through
BEL up 4.6%; BHEL up 2.1%; ABB up 1.8%; L&T up 1.5%
Nuclear deal benificiaries: Alstom Projects up 7.5%, Rolta up 5.8%, Areva T&D up 5.5%
SBI recovers nearly 10% from days low as the co seeks RBI nod to mark-to-mkt only 25% of Rs 9996 cr of govt bonds: Sources
BSE IT Index down 3.1%; Wipro down 5%; Infosys down 3.5%; Satyam down 2.9%; TCS down 2.6%
BSE Oil and Gas index down 1.6%; Relaince down 2.4% ONGC down 1.7%
OMC's gain; HPCL up 5.8%; BPCL up 5.6%; IOC up 1%
NSE Advance Decline at 1 : 1.5
Total F&O turnover at Rs 41112 cr Vs Rs 44635 cr
Total market turnover at Rs 56817 cr Vs Rs 61829 cr yesterday
F&O Snapshot
Nifty fut sees additional short build up; adds 27.9 lakh shares
Discount remains at nearly 50 points in today's trade
IT stocks like Infy & Satyam sees fresh short build up
Sugar Stocks like Renuka Sug, Bajaj Hind & Balrampur Chini sees continuation of short build up
NSE f&o volumes on lower side; turnover at Rs 41117.91cr vs 44634.29 on yesterday
Options Activity: Nifty 3700 put adds 3.3 lakh shares Nifty 4300 call sheds 3.8 lakh shares Nifty 4100 put sheds 2.6 lakh shares
Star Trade: Rolta up 6%; adds 1.1 lakh shares
Fresh Short: Renuka dn 6.1%; adds 10.1 lakh shares Wipro dn 5.7 %; adds 4.2 lakh shares Infosys dn 3.4%; adds 4 lakh shares ITC dn 3%; adds 13.8 lakh shares
Fresh Longs: JP hydro up 3.9%; adds 12.1 lakh shares Chambal fert up 4.4%; adds 7.6 lakh shares RNRL up 3.4%; adds 20.4 lakh shares SBI up 3.4%; adds 5.3 lakh shares

Source: moneycontrol.com

Intraday trading Calls for 8th July

Market may open weak but recovery expected in mid session and remains flat to nagetive. A nagetive closing expected today.

Today's Intraday Stock Tips/ Trading Calls:

ESSAR OIL
CAIRN INDIA
SASKEN COMMUNICAION
INIDABULLS REALEST
ADLABS FILMS
RPL

For Levels and Targets CLICK HERE.

Watch List: SmallCap & Midcap IT Sector: Core Projects, Vakarangee Softwares, Prithvi Info, 3i Infotech, Mphasis BFL etc.

Good Luck

STOCK IDEAS: KLG Systel, Ansal Housing, NCL Industries, India Glycols

Within a matter of six months, the share price of KLG Systel Ltd. (Code: 531269) (Rs.359.55) has fallen one third from its high in January 2008 despite posting a robust performance. For Q4FY08, its topline doubled to Rs.76.50 cr. and net profit shot up 75% to Rs.14 cr. For full FY08, the figures are far more impressive as it registered 120% and 140% increase in 14 revenue and profit to Rs.269 cr. and Rs.52 cr. respectively. Thus it posted an EPS of Rs.45 on its current equity of Rs.11.70 cr. but declared only 27.50% dividend for FY08 against 25% last year. The company specialises in offering technological solutions for the entire business lifecycle i.e. right from concept and creation, through plant design, project execution and management operations & optimisation to expansion/ revamp. It also provides on-line IT solutions to distribution utilities, using its self-developed software Vidushi, SG61 Technology and solution for determining the transmission & distribution losses, fixing the areas of power theft, on-the spot billing & cheque collection, enhancing revenue collection efficiency of the utilities and addressing consumer grievances. On the other hand, to capitalise on its Engineering Services Outsourcing (ESO) potential, the company has gained engineering design domain-expertise in various industry verticals and has ventured into planning, design and erection of large scale infrastructure projects. For FY09, it is expected to clock a turnover of Rs.325 cr. and profit of Rs.60 cr. i.e. an EPS of Rs.45 on estimated diluted equity of around Rs.13.25 cr.
******
As per the experts, the real estate cycle has peaked out and the property prices are poised to correct substantially in the near future. Coupled with rising input costs, some of the companies are even excepted to slip into red. However, Ansal Housing & Construction Ltd. (Code: 507828) (Rs.96) being into construction of integrated township in smaller cities may continue to perform well. For Q4FY08, on a standalone basis, its revenue grew by 20% to Rs.65 cr. but its EBIDTA jumped up 50% to Rs.24 cr. But due to higher interest and tax, its net profit remained flat at Rs.13.25 cr. For FY08, its total revenue was up 25% to Rs.250 cr. and PAT increased by 30% to Rs.55 cr. posting an EPS of Rs.31 on its current equity of Rs.17.70 cr. This is among the few companies making full tax provisioning, which ensures that its profits are for real. For future growth, it has lined up gigantic 56.10 million sq. ft of development (80% in the residential segment) spread over 22 cities in the next five years. It has a rich land bank of 2500 acres with about 50% in its own name while the rest is under firm collaborators’ agreement. Earlier the company had made a preferential allotment of 17 lakh warrants to the promoters at Rs.208 and 29.50 lakh warrants at Rs.225 to others, which may not get converted into shares considering the low CMP. For FY09, it can report a topline of Rs.300 cr. with PAT of Rs.60 cr., which translates into an EPS of Rs.34 on its current equity whereas the diluted EPS of Rs.28 on its fully diluted equity of around Rs.21.50 cr. A good contrarian bet.
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The rising crude oil price is hurting most manufacturers but is indiretly benefiting India Glycols Ltd. (Code: 500201) (Rs.233.50) since it is engaged in production of ethylene oxide (EO)/mono ethyl glycol (MEG) from molasses against the conventional route of making it through distillation of crude. Thus while the price of the final product is shooting up its raw material cost remains the same thereby boosting its profit margin. It reported stellar performance for Q4FY08 as sales jumped up 60% to Rs.339 cr. and net profit stood at Rs.27 cr. against the net loss of Rs.1.90 last year. For FY08, its sales was up 50% to Rs.1304 cr. whereas PAT has more than quadrupled to Rs.178.50 cr. thereby registering an EPS of Rs.64 on its equity of Rs.27.90 cr. As a measure of backward integration, the company has set up a new distillery with an annual production capacity of 66,000 KBL at Gorakhpur in Eastern U.P and has also taken over a sugar company called M/s. Shakumbari Sugar. Moreover, it is adding an Extra Natural Alcohol (ENA) facility at Gorakhpur to meet the requirement of domestic and international markets. On a conservative basis, it is expected to clock a turnover of Rs.1500 cr. with net profit of Rs.165 cr. i.e. an EPS of Rs.59 on its current equity. It’s a good opportunity to accumulate this scrip at every decline.
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NCL Industries Ltd. (Code: 502168) (Rs.37), the flagship company of the NCL group is engaged in four business segments namely cement, cement bonded particle boards, prefab and hydel power. Presently, cement contributes 75% of its revenue, board and prefabs contribute 20% and the balance comes from hydel power. On the back of aggressive expansion, the company has doubled its cement manufacturing capacity to 630,000 TPA and is further looking to triple it to 20 million TPA within a couple of years. It has also set up a new particle board manufacturing facility in Himachal thereby taking its total capacity to 80,000 TPA. On the other hand, its prefabricated structures division is witnessing good demand and has bagged a huge order worth Rs.50 cr. a few months back. Fundamentally, it recorded 30% growth in sales to Rs.193 cr. whereas PBT grew by 45% to Rs.43 cr. Due to high tax provisioning, its net profit improved marginally by 7% to Rs.29.50 cr. posting an EPS of Rs.9 on its current equity of Rs.32.50 cr. With rising input costs and the government interference on cement prices, the company is estimated to report a topline of Rs.275 cr. and maintain its profit of around Rs.30 cr. i.e. EPS of Rs.9 on its fully diluted equity of Rs.34.90 cr.

Source: Internet (moneytimes)

Stock Idea: Jamna Auto

Jamna Auto manufactures automobile springs, spring leaves and automobile coil springs. Two of its group companies - Jai Parabolic Springs and MAP Springs were merged into Jamna Auto and the current results, reflects this merged performance, which could also explain the spurt in the top and bottomlines.
For the year ended 31st March 2008, the company recorded a very healthy 69% jump in net sales at Rs.471.22 crore. Despite the 62% jump in total expenses, EBIDTA rose by a fantastic 135%. Interest outgo shot up by 118.5% and depreciation rose 108%. Despite this, the company’s PBT rose by an unbelievable 187% at Rs.20.42 crore. And the jump in PAT was phenomenal, it jumped by 219% at Rs.20.14 crore. Apart from the merger adding to the performance, the fact that the company has shifted from conventional leaf springs to high margin parabolic springs
In November 2007, the company acquired Leaf manufacturing facilities of Tata Motors' at Jamshedpur, and has entered into strategic supply arrangement with them. The group would invest Rs 120 crore in expansion. Of this, Rs 75 crore would be invested in expanding the Jamshedpur plant, which would house the plant and machinery bought from Tata Motors.
It is investing another Rs.10 crore in a greenfield plant at Uttaranchal and another Rs.15 crore in an R&D centre in Chennai.
Clearwater Capital Partners — a private equity player — has invested Rs.40 crore of equity in the company in June 2007 at Rs.72 per share. It holds a 24.15% in the company.
Currently quoted at Rs.44, hold on to this stock.

Source: sptulsian.com

Markets Today

Markets Snapshot
Markets lose most of the days gains in last hour of trade
Sensex ends up 72 pts at 13526; off nearly 270 pts from the day's high
Nifty ends up 14 pts at 4030; off 85 pts from the day's high
BSE Small-Cap Index up 2.2%; CNX Midcap Index up 0.8%
Reliance Ind led to downfall from day's high; stock slips nearly 5% from day's high
Oil & Gas stocks slip on news of imposition of windfall gains tax on private oil cos; Cairn India down 5.4%; Reliance down 3.3%;
Aviations stocks active on M&A buzz in the sector: Deccan Aviation up 24%, SpiceJet up 22%
BSE FMCG Index up 2.75%; HUL, ITC up nearly 4%
BSE IT Sector Index up 2.64% ahead of Infosys earnigs this Friday; Satyam up 4.4%; Financial
Technologies up 4.2%; Wipro up 3.5%
Bankex surged 1.24% at 5,892.79 on the back of buying in SBI, Kotak Mahindra, Bank of India, IDBI Bank, Oriental Bank, Bank of Baroda and Karnataka Bank.
BSE Auto Index up 2.2%; Maruti up 4.4%; M&M up 4%
BSE Metals Index up 1.8%; Jindal Steel up 4.5%; Hindalco up 2.8%; Tata Steel up 1.8%; SAIL up 1.7%
Index Gainers: Siemens up 6.4%; GAIL up 4.6%; SBI up 4.2%; ACC up 4.2%
Index Losers: Reliance Comm down 3.9%; RPL down 2.9%; Zee Ent down 2.22%
Other Gainers: HMT Ltd 14.4%, DCW up 12%, SREI Infra 11.5%
NSE Advance Decline at 3:1
Total F&O turnover at Rs 44,635 cr Vs Rs 44,222cr
Total market turnover at 61,829 cr Vs Rs 62,387 cr yesterday
F&O Snapshot
Nifty futures sees fresh short buildup; discount widens to 54 points
Oil & Gas stocks like Reliance, Cairn & RPL sees short build up
Sugar stocks like Bajaj Hind, Balrampur chini, Shree renuka sees short build up
IT Stocks sees fresh long build up
NSE F&O turnover at Rs 44635 cr
Optons ActivityHugh build up in Nifty 4000 put (Nearly 49%)Out of the money call option sees unwindingNifty 4000 put adds 13.2 lakh sharesNifty 4400 call sheds 7.7 lakh sharesNifty 4300 call sheds 4.2 lakh shares
Star Trade: Deccan Air up 20.3%; adds 1.6 lakh shares
Fresh Shorts: RPL dn 3.3%; adds 19.7 lakh dn 6.5%; adds 9.4 lakh shares Reliance dn 4.1%; adds 4.1 lakh shares Bajaj Hind dn 7.5%; adds 4.4 lakh shares
Short Covering: IFCI up 4.9%; sheds 10.7 lakh shares Nagarjuna Const up 7.4%; sheds 3.3 lakh shares JP Asso up 4.4%; sheds 3.2 lakh shares
Fresh Long: Siemens up 6.5%; adds 1.2 lakh shares Satyam up 3.6%; adds 6 lakh shares SBI up 3.9%; adds 3.2 lakh shares
Source: moneycontrol.com

Intraday Trading Calls for 7th July

Indian Stock Market may open positively and remains positive for the day today. A good rally and a positive closing expected.

Today's Intraday Trading Calls/Stock Tips:

GSS AMERICA INFO
MERCATOR LINES
YES BANK
CANARA BANK
UNITECH LTD.
GAIL INDIA.

For Levels and Targets CLICK HERE.

Watch List: All banking stocks: SBI, Bank of Baroda, Bank of India, Union Bank, Andhra Bank.
Short-Med Term Delivery Pick: Buy Lok Housing 500256 (47) For Target Rs. 100+.

Good Luck

Stock Idea: Tips Industries

A big name in the Indian film industry, Tips Industries is a name to reckon with when it comes to music albums and now, to some extent, production and distribution of Hindi movies too. Owned by Kumar Taurani, the financial result of Tips for the year ended 31st March 2008 has been one of its best ever. 

Net profit rose by an unbelievable 874.78% to Rs 11.21 crore in the quarter ended March 2008 as against Rs 1.15 crore during the previous quarter ended March 2007. Sales rose 980.72% to Rs 74.57 crore in the quarter ended March 2008 as against Rs 6.90 crore during the previous quarter ended March 2007. 

For the full year, sales rose 352.03% to Rs 113.37 crore in the year ended March 2008 as against Rs 25.08 crore during the previous year ended March 2007. The company had a total operating expense of Rs.92.13 crore, of which it incurred Rs.66.77 crore on cost of film production and distribution. EBIDTA rose by over 7 times at Rs.24.37 crore and PBT was up from Rs.1.42 crore in FY07 to Rs.22.09 crore. Net profit rose by a jaw dropping 1757.14% to Rs 19.50 crore in the year ended March 2008 as against Rs 1.05 crore during the previous year ended March 2007. On an equity of Rs.17.30 crore, the company posted an EPS of Rs.12.07. 

The company has now got three major areas of operation - production and distribution; music and artist management. From being a mere cassette company, it has now emerged as a production house and that is soon becoming its mainfray. 

The company’s latest release was Race, did good business and infact the website of the company proclaims it as the “biggest blockbuster of 2008.” It’s another movie – Kismat Konnection is scheduled to be released on 18th July 08’. It has also signed on Raj Kumar Santoshi to make a comedy film starring Ranbir Kapoor and Katrina Kaif. It has also gained rights to the legendary film – Amar Akbar Anthony. It also released the music album of Atif Aslam - Meri Kahani, which is doing good business. Interestingly, film actor, Akshay Khanna holds 2.79 lakh shares in the company. 

Adlabs Industries is now moving very fast into all the areas which has been a domain ruled by Tips. But there is so much in the industry that many can co-exist and Tips is a brand to reckon with. Stay invested. 

Source: sptulsian.com

Markets Today

Markets Snapshot
Markets end near days' high; shrugs inflation at 11.63% Vs 11.42% last week 
Sensex ends up 360 pts at 13454; gains 2.75% 
Nifty ends up 90 pts at 4016; gains 2.3%  
CNX Midcap Index up 2.58% ;BSE Small-cap Index up 1.58% 
All BSE Sectoral Indices except the BSE Metals Index end in the green 
BSE Realty recovers losses; gains 8%; DLF up 8.5%;Unitech up 8%; Indiabulls Real Estate 7.8% 
BSE Capital Goods Index up 7%; Punj Lloyd up 14%, Siemens up 11%; BHEL up 7%; L&T up 6.7% 
BSE Bank Index up 3%; Kotak Mahindra Bank up 5%; Axis Bank up 3.5%; HDFC up 6%; ICICI up 5.5%  
BSE Metals Index down 0.6%; Tata Steel down 2.7%, Sterlite down 2.6% 
ADAG Group stocks gain; Reliance Cap up 12.5%; Reliance Comm up 12.1%; RNRL up 8.5%; Adlabs up 6.8% 
Index Gainers: Tata Power recovers, gains 9.8%; Suzlon Energy up 7%; Ranbaxy up 4.7%; Ambuja Cement up 4.5%  
Index Losers: Sun Pharma down 4.3%; GAIL down 2.7%; Cairn India down 2.2% 
New listing : ArchidPly loses 31.5% on listing day; closes at Rs 50.7 Vs listing price of Rs 74 
NSE Advance Decline at 2.5 : 1 
Total F&O turnover at Rs 44,222 cr Vs Rs 51,604 cr  
Total market turnover at Rs 62,387 cr Vs Rs 70,067 cr yesterday 
Gainers
KS Oils 15.8%
Godrej Industries up 14.4%
Ansal Properties up 14%
Alstom Projects 13% 
Infra / Realty Buzzers
HDIL up 12.7%
HCC up 12%
Jaiprakash Associates up 11%
J Kumar Infra up 12%
Simplex Infra up 17%

F&O Snapshot
Shorts still remain in Nifty Fut; adds 34.8 lakh shares in OI 
Stock specific long build up seen in today's trade 
Cap Goods, Realty & Infra stock sees fresh long build up 
Select Momemtum stock sees long build up 
Short Covering:
IDFC up 9.2%; sheds 1.8 lakh shares
Rel Comm up 12.3%; sheds 1.9 lakh shares
Ranbaxy up 5.2%; sheds 6.6 lakh shares 
Fresh Longs:
Punj Lloyd up 14.7%; adds 4.88 lakh shares
Siemens up 13.1%; adds 1.9 lakh shares
Rel Cap up 13%; adds 4.3 lakh shares
Siemens up 13.1%; adds 1.9 lakh shares
Essar Oil up 9.7%; adds 10.2 lakh shares
Triveni up 9.5%; adds 2.6 lakh shares
Others: Nagar Const, I-flex, RPower, RNRL
Source: moneycontrol.com

Intraday Trading Calls for 4th July

A flat to positive opening expected in stock market india but remains very volatile as today Inflation numbers will be announced at noon.

Today's Intraday Stock Tips/Trading Calls:

CAIRN INDIA
RPL
MERCATOR LINES
PUNJ LLOYD
YES BANK
INDIABULLS REALEST

For Levels and Targets CLICK HERE.

Today's Watch List: Prithvi Information, GAIL, IOC, ONGC, Hind Oil Exploration.

Good Luck

Intraday Trading Calls for 3rd July

Indian Stock Market may open flat to nagetive but recovers from lows and again a positive closing expected. High volatility contineous.

Today's Intraday Stock Tips / Trading Calls:

CAIRN INDIA

RPL

MERCATOR LINES

PFC

YES BANK

ITC

For Levels and Targets CLICK HERE.

Watch List: Selan Exploration, Shiv Vani Oil, Hind Oil Exploration.

Good Luck

Markets Today

Markets Snapshot
Indices post highest single day gain since March 25, 2008
Strong bounceback seen markets post Nifty touching a base of 3848;Sensex ends up 702.94 pts (5.42%) at 13664.62; Nifty ends up 196.6 pts (5.05%) at 4093.35
Frontline Indices post stellar gains; Small Caps gain marginally
CNX Midcap Index ends up 3.47%, BSE Small-cap Index up 1.91%
All sectoral indices gain; the star performer BSE Realty gained a phenomenal 12.22%
Among other gainers BSE Bankex up 6.02%; BSE-Capital Goods Index up 5.89%,
IT sector up 5.77%; Metals Index up 5.96%
Realty Buzzers; DLF up 14.7%; gained on news of buyback; Indiabulls Realty up 14.6%
Beaten down banks gained, HDFC up 10.7%; PNB up 10.3%; Kotak Mahindra Bank up 8.37%; Axis Bank up 6.84%
Most Index stocks post gains between 3-7%;
Star Performers- Reliance Infra up 12.15%; Tata Power up 9.11%; Siemens up 8.42%; ONGC up 8.26%; L&T up 7.17%
Relisting : TreadsDirect ends at Rs 6.4 Vs listing price of Re 1
NSE Advance Decline at 1.91 :1
Total Cash Turnover at 7974.98 cr,
Total F&O turnover at Rs 57532.76 cr;
Total market turnover at Rs 79632 cr Vs Rs 64986 cr yesterday
Buzzers Ansal properties up 28.24%Shree Renuka Sugar up 21.41%HDIL up 18.9%Sasken Communications up 17.81%Shree precoated steels up 16.23%

F&O Snapshot
Mix of short covering and long build-up seen in today's session
Real Estate stocks see aggressive long build up.
Banking & Metals stocks sees Fresh Long build up
Stock futures sees hug open interest build-up
Nifty discount narrows down to 21 points vs 64 point in yesterday’s trade
NSE F&O turnover significantly higher at Rs 57532.76 cr vs Rs 47969 cr
Hugh unwinding in Nifty call options; nifty 4000 put options sees writing
Nifty 4300 call sheds 3.5 lakh shares
Nifty 4200 call sheds 1.9 lakh shares
Nifty 4100 call sheds 1.9 lakh shares
Nifty 4000 put sheds 6.2 lakh shares
Aggressive Longs : Renuka up 23.7%; adds 21.4 lakh shares ( 43%)Sasken up 20.3%; adds 2 lakh shares ( 23%)Reliance Cap up 12%; adds 12 lakh shares ( 23%)Punj Lloyd up 12.3%; adds 7.5 lakh shares ( 16%)RNRL up 13%; adds 27.3 lakh shares ( 12%)RPL up 6.7%; adds 45.8 lakh shares ( 10%)
Star Trade: DLF up 17.2%; adds 8.6 lakh shares Ansal prop up 32.6%; adds 1.1 lakh shares
Fresh Longs:Others: ICICI Bank, Nagarjuna fert , IDFC , DCB , JP Associates, JP Hydro, Ispat, HDIL
Short Covering: Idea up 8.8%; sheds 4.9 lakh sharesPower grid up 8%; adds 4.3 lakh sharesGMR infra up 11.5%; adds 3.6 lakh sharesChambal fert up 10.3%; adds 2.1 lakh shares

Source: moneycontrol.com

Intraday Trading Calls for 2nd July

Indian Stock Market may open positive and remains same for the day today with low volatility. A positive closing Expected.

Today's Intraday Stock Tips/ Trading Calls:

CAIRN INDIA
RPL
GMR INFRA
TRIVENI ENGINEERING
SATYAM COMPUTER
JAIPRAKASH ASOCIATES

For Levels and Targets CLICK HERE.

Watch List: IT & Tech Sector: Infosys, TCS, NIIT Tech, Mphasis, Rolta, HCL Tech as ruppee trading at low of Rs. 43.30/$1.

Good Luck

Intraday Trading Calls for 1st July

Today's Intraday Stock Tips/Trading Calls:

CAIRN INDIA
HIND OIL EXPLORATION
RPL
STERLITE INDUSTRIES
SATYAM COMPUTER
JP ASSOCIATES

For Levels and Targets CLICK HERE.

Today's Watch List: NALCO, Mercator Lines, Neyveli Lignite.

Good Luck