Intraday Trading Calls for 31st October

Indian Stock Market may open positive and remains positive with high volatility throughout the day today.

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

BARTRONICS INDIA (90)

Buy Above 91.60 Target 96.75, 105.00

Sell Below 88.20 Target 83.10, 78.00

RPOWER (98)

Buy Above 99.50 Target 104.25, 108.00

Sell Below 96.60 Target 92.50, 88.00

SATYAM COMPUTER (283)

Buy Above 285.70 Target 292.40, 300.00

Sell Below 281.10 Target 276.25, 270.00

SESA GOA (79)

Buy Above 80.80 Target 85.25, 90.00

Sell Below 77.65 Target 74.50, 70.00

HDIL (149)

Buy Above 150.60 Target 154.75, 160.00

Sell Below 147.40 Target 144.15, 140.00

EVERONN SYSTEMS (157)

Buy Above 158.75 Target 163.35, 170.00

Sell Below 155.25 Target 151.10, 146.00

Others: GTC, Andhra Petro, Videocon Industries.

GOOD LUCK.

Stock Idea: GMR INFRASTRUCTURE

GMR Infrastructure posted a drop in its PAT for the second quarter ended 30th September 2008 on account of MTM forex losses. The stock has been hammered down relentlessly, yet, the long term growth story remains intact.
For Q2FY09, on a YoY, net sales was up 114.21% from Rs. 395.31 crore to Rs. 846.81 crore. EBITDA rose 58.72% from Rs. 155.71 crore to Rs. 247.14 crore. PAT (before notional forex losses) increased by 135.53% from Rs. 44.80 crore to Rs. 105.52 crore while PAT (after notional forex losses) declined by 6.05% from Rs. 49.58 crore to Rs. 46.58 crore.

The MTM forex loss was to the tune of Rs. 58.94 crore for the quarter, accounted mostly by two of the company’s subsidiaries - Vemagiri Power Generation Limited (VPGL) and GMR Hyderabad International Airport Limited (GHIAL), on the foreign currency project loans borrowed by them. The company has assured that these losses are notional and should the situation arise, these two subsidiaries have adequate dollar revenues to provide natural hedge for the currency fluctuations that may arise with respect to interest and principal payments/repayments. But for this forex loss, which is not an isolated phenomenon with GMR, the company had a very good growth story, a rise of over 100% in PAT despite the circumstances is commendable.

The company used the current global crisis in its favour and managed to renegotiate its acquisition cost of Intergen NV, thus reducing the cost by US$162 million. The Hyderabad Airport has started collecting User Development Fee (UDF) from domestic passengers from last week of August ’08 after getting the necessary approvals from Ministry of Civil Aviation. With this, Hyderabad Airport has also started realising all its revenue streams. The company soft launched its 308 room hotel at Hyderabad Airport. GMR also commissioned the cargo terminal at the Sabiha Gokcen International Airport (SGIA), Turkey, which it is re-building and will have a new passenger terminal by October 2009.
GMR continues to remain a very strong company. It is facing a selling pressure on the bourses, which is in concurrence with the ongoing slaughter by investors on realty and infra companies. At the current rates, GMR is an excellent long term buy. Stay invested, there is no need to panic, it’s long term growth story remains intact.

Source: sptulsian.com

Intraday Trading Calls for 29th October

Indian Stock Market may open positive and remains positive with high volatility throughout the day today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

RANBAXY (191)
Buy Above 193.60 Target 197.80, 205.00
Sell Below 189.50 Target 185.10, 180.00
INDIABULLS REALEST (119)
Buy Above 121.20 Target 125.10, 130.00
Sell Below 117.40 Target 113.20, 108.00
SATYAM COMPUTER (300)
Buy Above 302.70 Target 308.40, 315.00
Sell Below 297.20 Target 293.05, 288.00
CAIRN INDIA (109)
Buy Above 110.60 Target 115.05, 120.00
Sell Below 107.45 Target 103.50, 98.00
HDIL (142)
Buy Above 143.80 Target 148.35, 154.00
Sell Below 140.05 Target 136.15, 132.00
PUNJ LLOYD (173)
Buy Above 174.80 Target 179.55, 185.00
Sell Below 171.25 Target 167.10, 162.00

Others: GTC, Andhra Petro, Videocon Industries.

GOOD LUCK & A VERY HAPPY NEW YEAR.

Stock Ideas for 28th October (DIWALI)

Indian Stock Market may open Flat to positive and remains positive.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

BANK OF BARODA (228)
YES BANK (60)
GODREJ INDUSTRIES (72)
HDIL (136)
SATYAM COMPUTER (287)

MED TO LONG TERM DELIVERY BUY:
Buy Videocon Industries (511389) CMP Rs. 100/- for Med to Long term for 100% gain.
Buy Andhra Petro (500012) CMP Rs. 10/- For Med to Long Term Target Rs. 35+.
Buy Ansal Buildwell (523007) CMP Rs. 16/- For Med to Long Term Target Rs. 60+.
Buy Golden Tobacco Ltd (500151) CMP Rs. 50/- For Med to Long Term Target Rs. 150-200.

Good Luck

Intraday Trading Calls for 27th October

Indian Stock Market may open Flat to positive and remains the same with high volatility throughout the day today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

BANK OF BARODA (245)
Buy Above 247.60 Target 254.50, 265.00
Sell Below 242.40 Target 238.15, 232.00
WIPRO (235)
Buy Above 237.80 Target 243.15, 250.00
Sell Below 233.05 Target 229.10, 225.00
SATYAM COMPUTER (287)
Buy Above 289.20 Target 295.40, 305.00
Sell Below 284.40 Target 280.05, 275.00

TECH MAHINDRA (336)
Buy Above 338.60 Target 345.35, 355.00
Sell Below 333.20 Target 328.40, 320.00
HDIL (137)
Buy Above 138.55 Target 142.35, 148.00
Sell Below 135.20 Target 131.15, 124.00
RCOM (193)
Buy Above 195.65 Target 201.55, 210.00
Sell Below 191.45 Target 187.10, 182.00

Buy Videocon Industries (511389) CMP Rs. 115/- for Med to Long term for 100% gain.

Good Luck

Stock Idea: Sunil Hitech Ltd.

Sunil Hitech Ltd. (Code: 532711) (Rs.65.45) is engaged in the niche segment of fabrication, erection & testing and commissioning of bunkers, ESPs, boilers, TG sets in the power plants both in the private & public sectors. With a client list spanning BHEL, NTPC, Reliance Energy, Jindal Steel and Power, the SEBs of Maharashtra, Chhattisgarh and Madhya Pradesh, Sunil Hitech is also engaged in the overhaul and maintenance of plants to ensure proper functioning. The company also undertakes projects in the transmission and distribution segments. As of today, it has an all time high order book position of more than Rs.1300 cr., which is 4 times its FY08 turnover. Incidentally, the company has an under leveraged balance sheet with a low debt:equity ratio of 0.6 and can raise more debt comfortably. Despite the higher interest cost, it may end FY09 with a topline of Rs.500 cr. with PAT of Rs.20 cr. on a conservative basis. This translates into an EPS of Rs.16 on its current equity of Rs.12.30 cr. Secondly, it has huge reserves of Rs.145 cr. on its small equity leading to a healthy book value of Rs.128. Against the net current assets of Rs.120 cr., the stock is available at a market cap of less than Rs.100 cr., making it a steal.

Source: Moneytimes (internet)

Stock Idea: Aban Offshore Ltd.

Aban Offshore Ltd. (Code: 523204) (Rs.750.10) is engaged in providing oil field services for offshore exploration and production of hydrocarbons in India and abroad. With 21 offshore assets, it is among the top ten offshore drilling asset owners in the world. It possesses fifteen jack-up offshore drilling rigs, three drill ships, one floating production platform and a jack-up rig & drill ship each on bare boat charter. It is among the few global companies to facilitate oil exploration at water depths ranging from 250 ft to 7000 ft and drilling depths ranging between 20,000 ft and 30,000 ft. Having its footprint globally across 10 nations, the company boasts of serving leading global and domestic E&P companies such as ONGC, Shell Brunei, Shell Malaysia, Cairn Energy, Petronas Carigali, Exxon Mobil, Chevron, Hardy Exploration, Oriental Oil Dubai, ROC Oil China, and GSPC to name a few. Due to new vessel deployment and higher charter rate, it may clock a consolidated turnover of Rs.3250 cr. with NP of Rs.500 cr. This will translate into an EPS of Rs.129 cr. on its diluted equity of Rs.7.75 cr. Meanwhile due to likely distress selling by FIIs, its share price of company has tumbled down to Rs.1000 level from a high of Rs.5500 in January 2008. Hence the currently scrip is trading at a P/E multiple of merely 8, which is grossly cheap for a company of such calibre. Keep accumulating at sharp declines.

Source: Moneytimes (Internet)

Stock Idea: Navin Fluorine Ltd.

Navin Fluorine Ltd.
BSE Code: 532504/NSE
Last Close: Rs.133
Navin Fluorine is the largest integrated fluorochemicals complex in India since 1967. The company has an equity of just Rs.10.10 cr. but has huge reserves of over Rs.215 cr. The promoters hold 37.16%, corporate bodies hold 15.53%, government financial institutions hold 7.05% and the public holds 38.69% stake in the company. The company has posted excellent Q2FY09 results. Net sales jumped 73.57% while net profit was Rs.17.87 cr. against a loss of Rs.1.81 cr. in Q2FY08. In H1FY09, the company’s sales zoomed 75.45% to Rs.222.82 cr. while net profit was Rs.36.83 cr. against a loss of Rs.1.89 cr. in H1FY08. The company has recorded an EPS of Rs.17.69 in Q2FY09 while the H1FY09 EPS was Rs.36.47. After posting marvellous numbers, the company has declared 50% interim dividend as against FY08 full yaer dividend of 40% and the record date for dividend is 7th November 2008. Its 52-week high/low rate is Rs.455/Rs.130. At the current level, the stock is available at P/E ratio of just 2.9. Investors can buy this stock every decline. On the upper side, it can go up to Rs.175-201 levels in coming days.

Source: Moneytimes (internet)

Intraday Trading Calls for 24th October

Indian Stock Market may open Nagetive with gap down but sharp recovery expected at mid session.

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

BANK OF BARODA (275)

Buy Above 276.80 Target 283.45, 290.00

Sell Below 273.20 Target 268.70, 262.00

WIPRO (272)

Buy Above 274.60 Target 280.15, 288.00

Sell Below 270.05 Target 265.30, 260.00

SATYAM COMPUTER (300)

Buy Above 302.40 Target 309.60, 320.00

Sell Below 297.10 Target 292.10, 285.00
TECH MAHINDRA (376)

Buy Above 378.50 Target 385.35, 395.00

Sell Below 373.40 Target 368.25, 360.00

HDIL (150)

Buy Above 151.25 Target 155.35, 160.00

Sell Below 148.60 Target 145.15, 140.00

RCOM (230)

Buy Above 232.65 Target 240.30, 250.00

Sell Below 227.20 Target 223.10, 218.00

GOOD LUCK

Low Inflation – Liberal ECB

Inflation fell to 11.07% for week ended 11th October 08 against 11.44% of the previous week. The inflation was 3.07% for the corresponding week of the previous year. However, inflation for week ended 16-08-08 was revised upwards to 12.82% from 12.40%.
Looking to the steep fall in global commodity prices like crude, steel, non-ferrous metals as also due to food prices coming under control on the domestic front, due to ensuing kharif crop and liquidation of foodgrain stocks by the traders, we are expected to see inflation softening in single digit by end of November 08 itself. This was earlier expected or likely to happen by end of December or in the first week of January. With Indian crude basket now ruling at close to $ 61 per barrel, we may see reduction in oil prices by the government, which may also help us in seeing lower inflation. Also oil marketing companies, announce the price of non-administered oil products every 1st and 15th of the month, the data of next week’s inflation may be quite low, as effect of falling crude price is not reflected in these datas as they pertain for week ending 10th October 08.
Due to lower inflation figures, which are market friendly, the government has again started releasing them during market hours at 12 noon. When they were on rise, government have been releasing them in the evening, as rising figures were spoiling the market sentiments.
Inspite of a drop in inflation, stock market has not responded too well to these. Maybe, the present problem for the market is not of inflation but of liquidity. And as stated by us in our previous stories, RBI has been pro-active and have gone for CRR cut of 250 bps and Repo rate cut of 100 bps, to inject the liquidity in the system and to make borrowings bit cheaper.
One more step in this direction was taken by the government and RBI by easing the ECB norms, which will help Indian companies to borrow from overseas market to fund its projects.
The revised rules permit ECBs upto $ 500 million per borrower per financial year, for rupee or foreign currency expenditure for permissible end uses under the automatic route. The norm of a minimum average maturity period of seven years for ECB of more than $ 100 million for rupee capital expenditure by borrowers in the infrastructure sector has been dispensed with. Definition of infrastructure sector has also been widened to include mining and refining, henceforth.
Revised rules provide for companies to pay a higher interest of upto 500 bps over the six month LIBOR on ECBs. Borrowers can bring in the proceeds immediately and can also use dollar borrowings for rupee expenditure. Presently, ECB proceeds are required to be parked overseas until actual expenditure takes place. Telecom companies would also be allowed to use ECB for payment of licence/permit for 3G Spectrum. However, this will not be allowed for realty and inter-corporate loans.
This is with a view to ease liquidity in the domestic system as also to stop rupee weakening further, which is ruling close to 50 levels.
India would see short term debt redemption of $ 89 billion between July 08 to July 09 and this could put further pressure on the rupee. This redemption is equal to about 40% of country’s total external debt of $ 220 billion as on date.
So unless, we have huge forex inflow in the next 6 – 12 months, we may see huge imbalance and could see rupee falling to 53 – 54 levels..
The relaxation in ECB norms may not result in an immediate inflow of funds due to widening, spreads over LIBOR and huge credit crunch faced by global markets with huge financial turmoil in US and Europe. But, for the established Indian companies with good track record and good projects, would be able to source funding, as some lenders would also be forthcoming to lend, to keep its business running.
Though market is not responding to both these positive news, as they are driven by global sentiments, which are quite negative but would help in the medium to long term for the Indian economy.

By SP Tulsian

source: sptulsian.com

Intraday Trading Calls for 23rd October

Indian Stock Market may open Nagetive with gap down but recovery expected at mid session.

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

HPCL (209)
Buy Above 210.65 Target 215.35, 222.00
Sell Below 207.40 Target 202.55, 196.00
BPCL (323)
Buy Above 324.60 Target 331.45, 340.00
Sell Below 320.10 Target 314.30, 308.00
TATA SPONGE (157)
Buy Above 158.80 Target 164.25, 170.00
Sell Below 155.10 Target 152.15, 148.00

CIPLA (183)
Buy Above 184.50 Target 187.15, 190.00
Sell Below 181.40 Target 178.25, 175.00
RANBAXY (256)
Buy Above 258.75 Target 263.45, 270.00
Sell Below 254.60 Target 248.20, 240.00
RCOM (235)
Buy Above 236.85 Target 242.60, 250.00
Sell Below 233.20 Target 228.40, 222.00

IDEA CELL (47.55) Buy at Decline around 44-45 for short term target of Rs. 65+.
GOOD LUCK

Ranbaxy – Indian to overseas MNC

Ranbaxy Laboratories Ltd., an Indian MNC has become a subsidiary of Japanese drug major Daiichi Sankyo Co. Ltd., a R&D major. Daiichi had first acquired 9.25 crore shares of Ranbaxy (representing 20% of the emerging voting capital of Ranbaxy) at Rs.737 per share from Indian public. The company made a preferential allotment of 4.63 crore shares at Rs.737 per share, for Rs.3,410 crores to Daiichi. 8.19 crore shares were acquired by Daiichi from the promoters of Ranbaxy in the first tranche. Remaining 4.80 crore share would be acquired by Daiichi from promoters in the second tranche.
The present stake of Daiichi in Ranbaxy is now placed at 52.50%, which would rise to 64%, post acquisition of shares in second tranche from the promoters.
Now the question in the minds of investors in Ranbaxy is whether to treat the company as an overseas MNC and if yes, none of pharma companies with overseas promoters are well received by the market and are poorly discounted on the bourses. Some of them are Abbott India, Glaxo, Novartis, Pfizer and Wyeth.
However, one can’t go by the same yardstick while investing in Ranbaxy or taking a valuation call on the stock.
Ranbaxy on a consolidated basis, as at 31-12-07 had a total debt of Rs.3, 700 crores, net off cash. Now with infusion of Rs.3, 585 crores by Daiichi, by subscribing 4.63 crore shares and 2.38 crore warrants, the company has become totally debt free.
Now let’s have an analysis from Daiichi investment angle, who have invested R.3, 585 crore by preferential allotment paid Rs.6, 817 crores to public shareholders as also shall be paying Rs.9, 575 crores to the Indian promoters. An additional Rs.1, 580 crores shall be paid by Daiichi to the company, on conversion of 2.78 crores warrants, into equal number of shares at Rs.737 per share, within the next 6 – 18 months. So aggregate investment by Daiichi in Ranbaxy is to the extent of Rs.21, 557 crores, which is about U S $ 4.50 billion.
When Daiichi has made this kind of investment, definitely they have growth plans for the company, which will yield its results over a longer term. Ranbaxy stock is now ruling at Rs.260 per share, which translates into a market capitalization of about Rs.12, 000 crores, post warrant conversion. This kind of valuation definitely is very low when compared with its annual consolidated topline of Rs.7, 500 crores and debt free status. Ranbaxy had a profit after tax of Rs.787 crores for year ending 31-12-07. The company is aiming to a have a global sales of US $ 5 billion, by 2012 and to be among the top 5 global generic companies. This dream would not have been achieved by the Indian promoters due to various global litigations but now would be possible with Daiichi at the helm of affairs of the company.
Daiichi is an established R&D player and now with Ranbaxy coming in its fold, it becomes an end to end complete pharma company. With many patents going off-patent in the next 3 – 5 years, Ranbaxy, with the backing of Daiichi would be able exploit the potential of global markets.
We have been getting lot of queries from our viewers whether it would be prudent to remain invested in Ranbaxy stock or to buy it at Rs.260 levels. Going by the investments having made by Daiichi in the company and looking to scale and size of Ranbaxy, share at Rs.260 hold lot of long term potential with virtually minimal risk.

Source: sptulsian.com

Intraday Trading Calls for 22nd October

Indian Stock Market may open Nagetive but recovery expected at mid session and a flat to positive closing can be seen today.

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

SATYAM COMPUTER (317)

Buy Above 319.65 Target 325.25, 332.00

Sell Below 314.70 Target 308.35, 300.00

WIPRO (296)

Buy Above 298.80 Target 305.40, 312.00

Sell Below 294.10 Target 288.45, 282.00

CORE PROJECTS (46)

Buy Above 46.80 Target 49.25, 52.00

Sell Below 45.10 Target 43.05, 40.00

MOSER BAER (100)

Buy Above 101.50 Target 105.55, 110.00

Sell Below 98.40 Target 95.15, 91.00

POLARIS LAB (50.80)

Buy Above 51.75 Target 54.25, 58.00

Sell Below 49.70 Target 47.10, 44.00

NAV BHARAT VENTURE (133)

Buy Above 134.85 Target 139.60, 145.00

Sell Below 131.20 Target 126.40, 120.00

IT & Tech sector looks good and may perform well in coming months so Buy IT & TECH Stock for Short to Med Term at every decline.

GOOD LUCK

Intraday Trading Calls for 21st October

Indian Stock Market may open Positive. A strong rally expected today with good positive closing.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

BANK OF BARODA (312)
Buy Above 314.75 Target 320.25, 328.00
Sell Below 309.20 Target 303.35, 295.00
SAIL (108)
Buy Above 109.20Target 113.40, 118.00
Sell Below 107.10 Target 104.15, 100.00
TATA STEEL (252)

Buy Above 254.80 Target 262.40, 270.00
Sell Below 249.40 Target 243.05, 235.00
CAIRN INDIA (162)
Buy Above 163.50 Target 167.40, 172.00
Sell Below 160.10 Target 156.15, 152.00
VIDEOCON INDUSTRIES (132)
Buy Above 133.60 Target 138.25, 145.00
Sell Below 130.00 Target 126.10, 122.00
NTPC (152)
Buy Above 153.45 Target 157.55, 162.00
Sell Below 150.50 Target 146.40, 142.00

GOOD LUCK

European telco set to buy 43% in Unitech's arm

Realty firm's telecom unit could seal $1.4-bn deal by weekend.
A leading European telecom giant is set to acquire a little over 43 per cent stake in Unitech's telecom venture for $1.4 billion. According to highly-placed sources close to the deal, the legal documentation is likely to be completed shortly and an announcement to this effect is expected by the weekend, or early next week.
Unitech was in talks with three major telecommunication giants, including Italy's Telecom Italia and Norway-based Telenor. Telecom Italia, it is learnt, is no longer in the race due to differences over valuation and the management structure of the company.
Besides the Continent, the European company is a strong player in some of the emerging markets in Asia. With its entry into India, the company will be one of the leading foreign players in South-East Aisa.
Sources said the European company would eventually increase its holding to a majority level at a fair market price. According to the initial understanding, both the partners will have an equal representation on the board with an independent chief executive officer.
"The chief financial officer will be appointed by the foreign partner, while the executive chairman will be nominated by Unitech," sources said. UBS Investment Bank is advising Unitech.
A high-level management of the European company is expected to visit the country early this week to conclude the deal and make a formal announcement, sources said.
Sources said investment by the foreign company would peg the equity value of the telecom joint venture at $3.2 billion, equivalent to Rs 15,840 crore, as against Unitech's market capitalisation of Rs 12,900 crore last Friday.
Unitech's holding in the joint venture would be valued at around Rs 9,000 crore. Under the deal, Unitech, which has advanced a debt of Rs 2,000 crore in the telecom venture, would convert the debt into equity shares worth Rs 450 crore, while retaining the balance of Rs 1,550 crore as debt. The debt would be returned by the joint venture to Unitech over the next few quarters, sources added.
The current paid-up capital of the joint venture is Rs 138 crore, which is owned by Unitech. Post-transaction, the JV's paid-up capital would be close to Rs 750 crore and its networth would be of Rs 7,500 crore, they said.
The proceeds from a private placement of the joint venture would be used for laying down the network, rolling out operations as well as bidding for the 3G spectrum.

Business Standard October 20, 2008

Infosys Technologies Order

Infy pips TCS to bag $15-m US bank order

INFOSYS Technologies has bagged an order from the Union Bank of California, US, for its core banking solution (CBS) Finacle, beating its rival Tata Consultancy Services (TCS). According to sources, Infosys and TCS were the only two shortlisted vendors for this project. What is surprising is that only these two India-based vendors were invited for the project when there are established banking products companies in the US such as Temenos, Fiserve, Metavante among others. When contacted, a spokesperson for Finacle said, "We are not able to comment on this matter." However, sources said that it was a close contest between these IT services majors who have a strong focus on providing software solutions for the financial services market. TCS' banking solution portfolio is called BaNCS. Though, there is no exact estimates on the value of this deal, it most likely could be in the range of $10-15 million. Based on assets, Union Bank of California is among the 25 largest banks in the United States. The bank has 330 branch offices in California, Washington and Oregon, two international offices and facilities in other states. The commercial bank is headquartered in San Francisco having more than 10,000 employees. It registered a revenue of $2.6 billion for 2007 and is majority owned by The Bank of Tokyo-Mitsubishi UFJ. Industry observers believe that this is a significant order not just for Infosys but also the Indian banking solutions companies as it gives a strong foothold in the US financial market. India is already home to some of the leading banking products companies like Oracle Financial Services (the erstwhile iflex), Finacle of Infosys, BaNCS of TCS, Nucleus Software, 3I Infotech and Infrasoft. These India-headquartered banking solutions companies were largely focused on the India, APAC, Africa, Middle East and European markets.

PP Thimmaya BANGALORE

Stock Idea: Peninsula Land

Peninsula Land has posted flat results for quarter ending September 08, with PBT placed at Rs.60.82 crores for the quarter against Rs.60.28 crores of the corresponding quarter in the previous year. Even total income for the quarter, though marginally down, could be termed as flat, which is at Rs.110.54 crores for the quarter against Rs.117.37 crore of Q2 FY 08.

The company is developing two major projects in Mumbai viz. Ashoka Towers at Parel and Ashoka Garden at Sewree. The first project is owned by the company, which has been more than 50% complete with over 95% project having been sold by the company. So, inspite of a sharp rise in realty prices in Parel, the company has not gained much as entire project has been sold, below Rs.10,000 per sq. feet against Rs.20,000 per sq. feet ruling now, which at one time had crossed Rs.26,000 per sq. ft. However, with progress in the project, the company is booking part of its revenue and profits. Also, this project has started giving transfer fees to the company, as buyers of flats in the project have started re-selling flats.

In case of Ashoka Garden project at Sewree, the company is entitled to receive 22% of sale proceeds, as its share of profit, as it is being developed for Swan Mill. Another property of Swan Mills at Kurla, in which the company is entitled for same 22% revenue sharing, is almost complete.

So not much improvement in the business activities of the company are visible or expected and hence the same kind of results are expected for the next two quarters as well.

PAT for the quarter rose to Rs.54.60 crores (Rs.33.69 crores) due to lower tax burden of Rs.2.78 crores (Rs.22.94 crores), which has resulted in higher EPS of Rs.2.08 against Rs.1.58 of Q2 FY 08.

FY 09 is likely to have an EPS of Rs.7 and share is presently ruling at Rs.25. Present market capitalisation of Rs.700 crores factors in the expected profit from the undergoing projects.

Due to steep corrections having seen in other realty stocks, this has also corrected but further downside looks minimal.
Source: sptulsian.com

Intraday Trading Calls for 20th October

Indian Stock Market may open Positive. A strong rally expected today with good positive closing.

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

BANK OF BARODA (304)

Buy Above 307.60 Target 313.25, 320.00

Sell Below 301.20 Target 296.30, 288.00

ROLTA INDIA (170)

Buy Above 171.55 Target 176.40, 182.00

Sell Below 168.20 Target 164.45, 160.00

INDIABULL REALEST (100)

Buy Above 101.95 Target 108.60, 115.00

Sell Below 98.40 Target 94.05, 90.00

MPHASIS BFL (174)

Buy Above 176.50 Target 181.40, 188.00

Sell Below 172.40 Target 168.15, 163.00

HPCL (235)

Buy Above 237.80 Target 243.25, 250.00

Sell Below 232.40 Target 227.10, 220.00

CHENNAI PETRO (155)

Buy Above 156.75 Target 161.15, 168.00

Sell Below 153.5 Target 150.10, 146.00

GOOD LUCK

Intraday Trading Calls for 17th October

Indian Stock Market may open Positive with gap up. A strong rally expected today with good positive closing.

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

BANK OF BARODA (316)
Buy Above 318.65 Target 325.15, 332.00
Sell Below 314.20 Target 308.35, 302.00
VOLTAS (67)
Buy Above 68.45 Target 71.55, 75.00
Sell Below 65.70 Target 63.15, 60.00
INDIABULLS REALEST (116)
Buy Above 117.75 Target 112.80, 120.00
Sell Below 114.40 Target 110.05, 104.00
HDIL (129)
Buy Above 131.20 Target 136.40, 142.00
Sell Below 127.40 Target 122.15, 116.00
HPCL (228)
Buy Above 230.40 Target 237.25, 245.00
Sell Below 225.40 Target 220.10, 214.00
AXIS BANK (622)
Buy Above 626.20 Target 635.15, 650.00
Sell Below 618.40 Target 610.10, 595.00

Others: Fertilizers Stocks (Chambal, Nagarjuna, National Fertilizers) Sugar Stocks (Triveni, Renuka, Bajaj Hindustan) & Mphasis BFL

GOOD LUCK.

Stock Idea: Electrosteel Castings

Electrosteel Castings has posted very good results for quarter ended 30th September 08 with total income touching at Rs.545.87 crores (Rs.317.48 crores for Sept. 07 quarter) with net profit placed at Rs.42.12 crores against Rs.28.89 crores for previous corresponding quarter. This is after providing for interest of Rs.39.64, which includes derivatives losses and foreign exchange difference on borrowings, against an income of Rs.7.09 crores, in the corresponding quarter of previous year. In the current quarter, deferred tax provisions were high at Rs.20.98 crores against Rs.1.09 crores of the Sept. 07 quarter.

Due to this, cash profit of the company for the quarter is at Rs.73.03 crores against Rs.38.77 crores for the corresponding quarter in previous year and Rs.77.18 crores for FY 08. This is without doing any adjustment for forex and derivative MTM provisions.

EPS for the quarter is placed at Rs.1.50 while cash EPS is at Rs.2.60.

The Board of the company proposes to issue 4.24 crores equity shares of Re.1 each, to two non-promoters overseas companies, at Rs.38 per share. Even promoters of the company have recently converted 6.25 lakh warrants into equity at Rs.43.80 per share, against the current price of share ruling at Rs.19. This is in the backdrop of the fact that promoters of Hindalco and Rajashree Sugars have not opted to convert or subscribe warrants due to fall in market price.

As on 30-09-08, the company had MTM loss of Rs.32.14 crores, arising out of foreign exchange contracts for hedging future exports against currency risks. Outstanding derivative contracts had MTM loss of Rs.19.81 crores as at 30-09-08. Though concern on these losses remains, but if the company has provided for it, and still has been able to post good growth in its bottomline, one should not take them with too much concerns.

Share having a book value of Rs.42 is now ruling at Rs.19 and FY 09 EPS is expected to be close to Rs.10 from its normal operations. Maybe, forex and derivative loses should get over by end of FY 09 and the company thereafter, should be able to post its normal operations.

Due to the concerns of forex and derivative losses, even good results have gone unnoticed. At Rs.19 share holds long term potential.

Source: sptulsian.com

Intraday Trading Calls for 16th October

Indian Stock Market may open Nagetive with gap down But buying can be seen at lower levels so a bouce back expected from lower levels.

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

Buy at Lower Levels (about 4-5% down) from previous close.

ELECTROSTEEL CASTINGS (19)

LG BALABROS (12.40)

TTK PRESTIGE (137)

CHENNAI PETRO (158)

HPCL (220)

BPCL (350)

Others: Sanwaria Agro Oil, Gokul Refoils, KS Oils.

GOOD LUCK.

Stock Idea: Mastek Ltd.

Mastek Ltd. has posted good results for first quarter ending September 08 with topline at Rs.261.65 crores against Rs.211.50 crores of the corresponding quarter of previous year, while PAT is at Rs.41.18 crores (against Rs.25.12 crores) translating into an EPS of Rs.15.27 against Rs.8.84 crores for the quarter.

On annualized basis, the same results should yield an EPS of over Rs.60, while stock is now ruling at Rs.230, resulting in a PE of less htan 4. Even book value per share, post this results, are at Rs.120 while the company had paid 200% dividend for FY 08.
Share price on 10-10-08 fell to its 52 week low at Rs.192 before the company announced its results. It may be noted that there is lot of apprehensions on the growth of the I.T. companies, especially after crisis being seen in BFSI sector in U.S. and Europe. But considering the growth having posted by the company, coupled with its financial position, share at Rs.225 qualifies a safe bet if someone has a view of 6 months on the stock.

Source: sptulsian.com

Stock Idea: RS Software

RS Software a tiny software company is trying to make its presence felt by posting better results for the quarter ended September 08, wherein PAT of the company of Rs.178 lakhs for the quarter, far exceeds PAT of FY 08, which was at Rs.117 lakhs.

There seems to be no correlation between the profitability over the quarters, as also in regard to EPS stated by the company, for various periods. For FY 08, on equity base of Rs.744 lakhs, with PAT of R.117 lakhs, EPS is stated at 16 paise, while for September 08 quarter, on PAT of Rs.178 lakhs, EPS on equity of Rs.744 lakhs is stated at Rs.2.18.

The sole aim of the company is to create sensation by publishing its quarterly results with blocks of “Net Profit up 100 times” etc. The sole aim of the promoters of the company are to have market operations and to trap the investors at the higher levels. Share now ruling at Rs.18 had its 52 week high low of Rs.52 and Rs.15 and when established mid cap I.T. companies are available at a PE multiple of 3 to 4 times, who would be interested in these manipulative stocks.

Time seems to have come where management must refrain themselves from indulging in these gimmicks as also for the investors to take a fundamental view on the tock.

Source: sptulsian.com

Intraday Trading Calls for 15th October

Indian Stock Market may open Nagetive. But buying can be seen at lower levels so again high volatility expected through-out the day today.

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

PRAJ INDUSTRIES (84)
Buy Above 85.65 Target 89.55, 95.00
Sell Below 82.20 Target 78.35, 73.00
DCB (30)
Buy Above 30.55 Target 32.70, 36.00
Sell Below 28.70 Target 27.15, 25.00
TATA STEEL (305)
Buy Above 307.25 Target 314.55, 324.00
Sell Below 301.40 Target 295.25, 286.00
HCL TECH (161)
Buy Above 162.80 Target 168.40, 175.00
Sell Below 159.40 Target 155.15, 150.00
SAIL (107)
Buy Above 108.40 Target 111.25, 115.00
Sell Below 105.40 Target 102.30, 98.00
NALCO (346)
Buy Above 348.60 Target 354.75, 365.00
Sell Below 343.40 Target 337.10, 330.00

Others For Intraday: Bank of Baroda, South Indian Bank (Multibagger), Union bank, Canara Bank.

GOOD LUCK.

Intraday Trading Calls for 14th October

Indian Stock Market may open positive with gap up. But Profit booking can be seen at every rise so high volatility expected through-out the day today.

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

INDIABULLS (86)
Buy Above 87.80 Target 92.55, 100.0
Sell Below 84.50 Target 81.35, 76.00
UNITECH (91)
Buy Above 92.75 Target 98.45, 105.00
Sell Below 89.60 Target 85.15, 81.00
ORBIT CORP. (100)
Buy Above 101.60 Target 106.75, 114.00
Sell Below 98.40 Target 94.25, 90.00
HCL TECH (170)
Buy Above 171.80 Target 177.40, 184.00
Sell Below 168.20 Target 164.15, 160.00
ZEE ENTERTAINMENT (155)
Buy Above 157.20 Target 162.05, 170.00
Sell Below 153.40 Target 148.30, 143.00
YES BANK (79)
Buy Above 80.60 Target 86.45, 92.00
Sell Below 77.40 Target 73.10, 68.00

Others For Intraday: VOLTAS, IBREALEST, DLF, JAIPRAKASH ASSOCIATES.

GOOD LUCK.

Intraday Trading Calls for 13th October

Indian Stock Market may open positive. But Selling pressure can be seen at every rise so high volatility expected through-out the day today.

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

SINTEX INDUSTRIES (195)
Buy Above 197.80 Target 204.25, 210.00
Sell Below 193.20 Target 189.35, 184.00
NTPC (165)
Buy Above 166.75 Target 170.35, 175.00
Sell Below 163.50 Target 160.15, 156.00
ROLTA INDIA (146)
Buy Above 148.50 Target 153.15, 158.00
Sell Below 144.20 Target 140.25, 136.00
HDIL (93)
Buy Above 94.80 Target 100.10, 110.00
Sell Below 92.20 Target 89.35, 85.00
KSK ENERGY (187)
Buy Above 189.10 Target 195.05, 205.00
Sell Below 185.40 Target 181.30, 175.00
BANK OF BARODA (278)
Buy Above 280.60 Target 286.45, 292.00
Sell Below 276.20 Target 271.10, 265.00

Others For Intraday: BANKING SECTOR (SBI, ICICI BANK, BANK OF INDIA, CANARA BANK, UNION BANK ETC.), All Reliance Stocks may recover very fast specially RCOM (237).

GOOD LUCK

Value Stock: Supreme Infra

BSE Code : 532904

TTM EPS : Rs. 19

Market Cap : 55

Cr.Pmt Stake : 60 %

52W H/L : Rs. 224/37

P/E Ratio : 2.1x

Dividend : 15%

Supreme Infra (Rs. 40.00) Incorporated in 1983, Supreme Infrastructure India Ltd (SIIL) is predominantly engaged in construction of roads, highways and other allied projects for clients like NHAI, MCGM, MMRDA, MSRDC, MUTP, PWD, BMC, AAI, BPT, TMC and also private agencies like Hiranandani, K. Raheja, Pratibha Ind, RCF, BARC, Sadbhav Eng, Mundra Port etc. Its area of operation is mainly concentrated in Mumbai region and few parts of Maharashtra & Bangalore. Although company’s core competency lies in construction/ widening of roads & highways etc it also undertakes other infrastructure projects like integrated nallah development, drainage work, laying of railway tracks, construction of minor bridges, development of IT Park, residential tower, RCC building, strengthening of sea wall and laying of tetra pods etc. Notably SIIL is among the few companies of its size having its own captive ready mix concrete plant, asphalt mix plant, quarrying and crushing unit & paver block manufacturing unit. Apart from consuming these for its own projects, company also produces & supplies to other contractors as per order. Brief summary of the plants are: Asphalt Mix plant: SIIL has three asphalt plants spread across Powai (Mumbai), Padgha (Thane) & Chitradurga (Bangalore) with a combined production capacity of 330 MT per hour. · Ready Mix Concrete (RMC) plant: Company has four RMC plants each located at Powai, Padgha, Chitradurga & Thane. · Wet Mix Plant: Company possesses a Unicon make wet mix macadam plant at Powai, Mumbai with a production capacity of 100 MT per hour. · Quarrying & Crushing unit: SIIL boast of having four crushing plants – two at Padgha and one each at Powai and Chitradurga having total installed crushing capacity of 470 MT per hour. · Paver Block unit: Though the concept of paver block is very old its usefulness has been realized recently and hence the manufacturing of paver blocks seems to be a new industry in India. For FY08, SII recorded 100% rise in revenue to Rs 156 cr and 50% jump in profit to Rs 19 cr posting an EPS of Rs 14 on equity of Rs 13.90 cr. It gave 15% dividend which leads to an yield of nearly 4% at CMP. Further for Q1FY09 it declared very encouraging set of nos and recorded an EPS of nearly Rs 7 for the single quarter alone. However considering the ongoing US financial crisis and its impact, SIIL may end FY09 with topline of Rs 225 cr and PAT
of Rs 13.50 cr on a very conservative basis. This translates into EPS of Rs 10 on current equity. Investors are advised to buy at current levels as scrip can double within 12~15 months.

Source: SmartInvestment (Saarthi)

Bulls Eye

For coming week again expected some positive trend in market for coming week market is high volatile we expected some volatile coming in next week For coming week sensex important Support is at 10050 weekly basis sensex resistance is at 10800—10950—11220 above this next important resistance is at 11450 if sensex closes above this level then next target for sensex is at 11600 on weekly basis sensex support is at 10400—10320—10150 below this level next support is at 10050 for weekly basis nifty resistance is 3350—3480—3610 above this level next resistance is at 3750 on weekly basis nifty support is at 3205— 3140—3060 below this level next support is at 3005.for next week strategy in f&o once an Buy nifty future with a weekly target of 3420 in down side strong support is at 3205 keep a stoploss of 3220 expected positive trend see in market in this week.
Stock for this week
Ranbaxy lab : -Buy at current levels with a upper target of 310 it has important support is at 275 below this level next support is at 262 if it break the level of 262 then we see some fall in Ranbaxy lab take stoploss of 275 .

Shakti pump : looking explosive on chart buy at current levels at 91 it has strong support is at 87 keeping a stoploss of 87 on weekly basis take a target of 96.
Esse dee alumin: This stock are looking good for coming week there is upside potentional till around at 248 and down side strong support 212 keep a tight stoploss of 215 on weekly basis take a target of 245.
Ranbaxy lab fut : - Buy at 292 with a target of 310 with a tight stoploss 272 BELOW 272 expected some bearish trend in Ranbaxy.

Ksk energy fut : - Buy at 187 with a stoploss of 176 with a target of 199 above this next target is 205 in coming days.
Aban off fut : - Buy at current levels considering 1111 with a upper target of 1150 with a stoploss of 1080.

Source: SmartInvestment (Bullseyes)

Stock Ideas: Voltas, Idea, Canara bank

Nifty Future (3290) On the way up key a Major resistance at 3360. break above 3360 nifty lead to 3400/3440 area. Below 3200 support at 3160.
Canara Bank.(173) Buy at decline for objective of 186/195 area. Now break above 185 than should lead the stock towards 201/211 area. Keep stop below 166 area. Very positive bias for this stock.
IDEA(64) buy at CMP for objective of 70 area. Now break above 70 than should lead the stock towards 76 area. Keep stop below 59 area. Very positive bias for this stock.
Sobha Dev. (121) Intimate buy position in Oct. future on any dips to 115 area. For an objective of 129. A break above 129 will stock indicate strength in the upmove. stoploos below 107.
Mercatorlines (37) Buy October future with stoploss below 34.50 for an objective for 42/45 area. intimate 5 days position..

Arvind Mills (17.50) Buy future at any decline rate nr. 16 with stoploss below 14 area for an objective for 21/23 area. intimate 5 days position.
Voltas (64) Buy future at rate nr. 60 with stoploss below 57 area for an objective for 73/79 intimate 7 days position.
Sintex (195) Intimate buy position in October future on any dips to 185 area. For an objective of 220/235. A break above 235 will stock indicate strength in the upmove. stoploos below 174.

By Parthiv Jhaveri (SmartInvestment)

Stock Idea: R S Software (India) Ltd, Paramount Communications

R S Software (India) Ltd. BSE Code: 517447 NSE Code: RSSOFTWARE Last Close: Rs.15.
R S Software (India) Ltd. is a Kolkata based software company engaged with the world’s largest payment card association/network since last 16 years. The company has an equity of just Rs.7.44 cr. For the September 2008 quarter, it has posted marvellous results. While net sales jumped by 43.30% to Rs.36.57 cr., net profit zoomed 8800% to Rs.1.78 cr. For the first six months, net sales zoomed 37.58% to Rs.67.11 cr. while net profit was Rs.2.61 cr. against a loss of Rs.68 lakh in previous corresponding period. The company has recorded an EPS of Rs.2.39 against Rs.0.03 in September 2007 quarter. At current levels, the stock is trading at a P/E ratio of 4.3. Its 52-week high/low is Rs.52/15. This means that the stock is available at its 52-week low and appears to be a risk-free investment bet. Buy at every decline with stop loss of Rs.11.50. On the upper side, the stock will go up to Rs.22.50-25 level in the next 3-4 months.

Paramount Communications (Rs.9.21) has completed Phase II of its expansion project, which commenced commercial production in February 2008 and the installed capacity for power cables increased to 58500 KMs per annum. This includes all types of electric cables viz. LT/HT Power Cables, Control Cables, Instrumentation Cables, Thermocouple Cables, Railway Signalling Cables etc. The company's export business has increased from Rs.8.27 cr. to Rs.43.17 cr. during the year recording excellent growth. The company can now target further growth in export business catering to several export markets through its whollyowned subsidiary, AEI Cables Ltd., UK, which is one of the oldest cable manufacturers in the world with an excellent global track record. The company targets 100% growth in exports in the next financial year. The stock has fallen from its high of Rs.63 to current level while its book value is Rs.23. It is likely to report strong consolidated results in the current year with falling raw material prices of copper, aluminium, PVC that will help the company to improve margins from Q4 of the current year. Risk factor is its high debts. Investors can accumulate this stock for investment at current levels. Face value of the stock is Rs.2.

Source: Moneytimes (Internet)

Stock Idea: Praj Industries

The most enticing aspect of this company is the name of some of its shareholders. JM Financial Mutual Fund bought about 5.80 lakh shares of Praj Industries, increasing its stake to 5.25%. Tata Capital holds 7.33%, Rakesh Jhunjhunwala has a 7.3% stake and Vinod Khosla holds 6.15%. Morgan Stanley holds 2.77%. Makes one wonder what is so special about the company?

The financial performance of the company for the first quarter ended 30th June 2008 has not been as good as expected. Infact its bottomlines took a hit. YoY, its topline showed a 12% growth at Rs.154.76 crore. Though it has managed to contain its operating expenses, OPM slipped from 28.27% to 20.57% and NPM from 20.47% to 15.99%. Ethanol distillery projects contributed over 85% to the topline, whereas the brewery projects made up for the rest. But forex losses during the quarter dented its earnings.

The ability of the company to drive down cost as a result of value engineering exercises undertaken as well as the product mix has helped boost contain the margins at these levels. Praj’s current order-book is pegged at about Rs 950 crore of which 48% is from exports and the rest domestic. Being a net exporter, the current depreciation of rupee would go in favour of the company.

The stock price has taken a beating as there looms the likelihood of the Govt postponing the October deadline for making it mandatory for another 10% ethanol blending. The fortunes of this company are closely linked with the increasing acceptance of ethanol-blended petrol and bio-fuels.

With fuel bills touching the sky, biofuels is the way into the future and Praj is ready to capitalize on this. It is setting up its first plant in Louisiana, based on sugarcane juice and if this biofuel gets accepted, Praj would have the whole of North America as a market. In EU, it has a JV - BioCnergy Europa B. V., with Aker Solutions. It has also got orders from European sugar majors such as British Sugar, Suedzucker and Danisco. Its JV in Brazil is expected to help tap opportunities there too but this may take a longer while as not much progress has been made on this JV.
Currently quoted at Rs.129, Praj Industries is a safe bet in this market of turmoil.

Source: sptulsian.com

Intraday Trading Calls for 8th October

Indian Stock Market may open nagetive as all global markets trading lower but A smart recovery expected from lower levels.

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

BANK OF BARODA (289)

Buy Above 291.65 Target 298.15, 305.00

Sell Below 286.20 Target 280.45, 275.00

NTPC (176)

Buy Above 177.60 Target 180.35, 184.00

Sell Below 174.50 Target 171.15, 167.00

ROLTA INDIA (181)

Buy Above 183.50 Target 188.75, 195.00

Sell Below 179.10 Target 175.15, 170.00

HDIL (127)

Buy Above 128.80 Target 134.10, 140.00

Sell Below 125.20 Target 121.35, 115.00

KSK ENERGY (196)

Buy Above 199.20 Target 205.05, 212.00

Sell Below 193.40 Target 188.30, 182.00

HUL (249)

Buy Above 250.80 Target 254.40, 258.00
Sell Below 247.40 Target 244.15, 240.00

GOOD LUCK

Multibagger: South Indian Bank

South Indian Bank (Rs. 104.00) (Code: 532218) :- The bank was started in Kerala decades ago. At present it has network of 500 branches and 210 ATMs. FII has holding of 7 per cent and India funds has holding of 4.5 per cent in the bank. Goldman Sachs has 3.7 per cent and old private sector bank Federal bank has 3.5 per cent stake in the bank. Income of the bank has improved by 27 per cent to Rs. 371.26 crores during first quarter of current FY, which ended in June 2008. Net interest income of the bank has improved by 11 per cent to touch the level of Rs. 102. 78 crores. Operating profit of the company has improved by 69.38 crores. Gross turnover of the bank is around Rs. 423.50 ?????? crores and net profit to be around Rs. 173.19 crores. Bank is likely to register EPS of around 19.2 on the earning. Company has recently announced bonus shares to the share holders at the ratio of 4:1. Investors may include the scrip in their portfolio.

Stock Idea: Aegis logistic

Aegis logistic (115.00) (Code : 500003) :- owns and operates one of India’s largest private sector liquid terminal located on a 20-acre plot at Trombay having storage capacity of 165,000 KL. With two other terminals it boasts of having a total capacity of around 290,000 KL. Considering the robust future outlook, it is setting up a third terminal in Trombay with a capacity of nearly 55,000 KL by FY10. On the other hand it also imports, markets and distributes bulk propane, propylene and LPG to a variety of industrial customers in the western region and is one of the largest private sector suppliers in India. Lately company has ventured into lucrative business of marketing and retailing of LPG thru auto gas dispensing stations under the brand name ‘AEGIS
Autogas’. From the present 38 retail outlets across five states, company intends to open 100~150 more such stations in next couple of years. Recently company took over Hindustan Aegis LPG and became the owner of 20,000 MT fully refrigerated LPG terminal. For FY09 it may clock a turnover of Rs 475 cr and profit of Rs 35 cr i.e. EPS of Rs 18 on equity of Rs 19.90 cr. A solid bet.

Technicals: DCHL, NTPC, KSK, HUL

DCHL CMP: 81.50 DCHL had been knocked down ruthlessly on the back of closure of positions. However, it recently stabilized close to its two-year lows of about 80 levels. The decline in the penultimate week had been on the back of significant volumes, suggesting weakening trend in the stock. The company had recently announced that it has increased its advertisement prices by 50% across segments. The stock is currently trading in the oversold territory of both 14-day RSI and Money Flow Index. This scenario suggests a technical bounce for the stock in the near term. DCHL is currently trading below all its moving averages, which could act as a stiff resistance on its way up. Immediate support is placed around 72 levels, which, if sustained amidst market volatility, could see the stock staging a sharp bounce-back. Investors are advised to assume long positions in the stock between 78 and 82 levels for a short-term target of 100 and 120 levels. All long positions in the stock should be protected with a stop loss placed below 70 levels on a closing basis.

NTPC CMP: 171.85 The stock had been consolidating in the recent past after it held to its Longterm support zone of 150 levels. The confusion over the nuclear deal kept the stock within a broad range in the recent past. However, the nuclear deal crossing the final lap is expected to induce some long-term buying into the stock. The NTPC stock is trading close to its moving averages, which are hovering between 175 and 185 levels, serving as a stiff zone to breach. The 14-day RSI, a leading indicator, is hovering around the oversold territory and could stage a sharp upmove. The stock may not surpass the 185 and 205 levels in a hurry as there is high probability that it may face some amount of pro. t-booking at those levels. Investors may buy the stock around the current levels and partial booking is advised around the 185 levels, above which it could test the 205 levels in the medium term. All long positions in the stock should be protected with a stop loss placed below 155 levels on a closing basis.

KSK CMP: 219.35 KSK had witnessed sharp declines since its debut, but it held and stabilized around the 150 levels and staged a sharp rally. The surges had been on the back of signi. cant volumes, suggesting huge momentum in the stock. The stock has formed higher top, higher bottom formations on the daily chart. The declines in the stock lack volumes, suggesting lower participation on the downsides. The 14-day RSI is already hovering around 60 levels and is due for some declines from current levels due to pro. t-taking. The downsides in the stock are limited to 190 and 200 levels where the stock has its 50-day and 200-day EMA. Investors are advised to accumulate the stock at 210-220 levels for an upside target of 265 and 280 levels in the short term. All long positions should be protected with a stop loss placed below 190 levels on a closing basis.

HUL CMP: 256.70 HUL outperformed the broader market as the stock rallied amidst market declines. The stock made a low of 190 levels in July and surged endlessly. In the most recent sessions, the stock faced stiff resistance near 250 levels, but it crossed and sustained the levels last week which is a strong sign. The rally has guided the stock to trade above all the moving averages which is also a positive sign. The volumes during the declines remained low while the recent bounces from its lows are coupled with increasing volumes, suggesting fresh buying interest and momentum returning into the stock. Immediate support is placed around 235 and 220 levels, which, if sustained amidst market volatility, would make the stock an excellent buy. Investors are advised to assume long positions in the stock above 255 levels for a short-term target of 280 and 295 levels. All long positions in the stock should be protected with a stop loss placed below 235 levels on a closing basis.

Source: Karvy Bazaar Buzz

Intraday Trading Calls for 7th October

Stock Market India may open positive as Sebi remove ban on P-notes, RBI cuts CRR and Crude oil below $88. A good bounce back expected as market is looking highly oversold. A Good Positive closing expected today.

Today's Intraday Trading Calls / Stock Tips: (Keep Appropriate Stop Loss for Each Trade)
INDIABULLS

MERCATOR LINES

DISH TV

STC INDIA

GSS AMERICA INFO

ROLTA INDIA

GMR INFRA

GOOD LUCK

Intraday Trading Calls for 06th October

Stock Market India may open gap down but a good bounce back expected as market is looking highly oversold. A flat closing expected today.

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

BUY AT LOWER LEVELS FOR RECOVER GAINS.

HPCL (241)
MERCATOR LINES (56)
DISH TV (26)
STC INDIA (206)
HCC (70)
ROLTA INDIA (230)
GMR INFRA (83)

GOOD LUCK

Stock Idea: Corporation Bank

Starting as a ‘Karnataka’ bank, Corporation Bank has come a long way and has spread its tentacles all across India. The Bank is now in the process of raising its Tier I Bond / perpetual Bonds to the extent of Rs 600 crore and upper Tier-II Bond to the extent of Rs 1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs 1200 crore. This is being done to mainly fund business growth this fiscal.
For the first quarter ended 30th June 2008, the total business of the Bank stood at Rs.93,694 crore, a growth of 27.33 % on a YoY. Total deposits grew 26.62% at Rs.54,742 crore. The bank added 9.27 lakhs new accounts under deposits as at the end of June 2008. Advances grew 28.34% at Rs.38,952 crore.
The Total Income of the Bank for the 3 months ended 30th June 2008 increased to Rs.1,446.28 crore registering a growth of 16.75% on a YoY.
The Net Profit of the Bank for the 3 months ended 30th June 2008 registered a growth rate of 4.06% at Rs.184.30 crore. But for the heavy depreciation on investment portfolio, the Q1 Net Profit growth would have been about 40% higher. For the period under review, the bank had provided Rs 63 crore as depreciation in securities portfolio.
The Return on Equity works out to 16.71% for the quarter ended June 2008 as against 17.97% in June 2007. The Return on Average Assets of the Bank was at 1.19%. The net worth of the Bank stood at Rs.4,413 crore compared to Rs.3,519 crore as on 30th June 2007.
The Gross NPA has come down to 1.46% compared to 2.07% as on 30th June 2007 and Net NPA to 0.36% as at 30th June 2008 compared to 0.46% on 30th June 2007.
The Capital Adequacy Ratio was at 12.43%. The Tier I ratio was at 10.13%. The total number of branches at end of Q1FY09 stood at 999. It recently opened its first representative office in Dubai.
Corporation Bank is currently quoted closer to its 52 week low of Rs.230. Stay invested.

Source: sptulsian.com

Intraday Trading Calls for 3rd October

Indian Stock Market may open nagetive as all global markets trading lower but A smart recovery expected from lower levels.

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

STC INDIA (212)
Buy Above 214.65 Target 220.75, 228.00
Sell Below 209.20 Target 202.45, 195.00
RPL (140)
Buy Above 141.85 Target 144.60, 148.00
Sell Below 138.60 Target 135.15, 132.00
WELSPUN GUJARAT (250)
Buy Above 252.80 Target 258.50, 265.00
Sell Below 247.45 Target 241.25, 234.00
SATYAM COMPUTER (318)
Buy Above 320.80 Target 327.40, 335.00
Sell Below 315.70 Target 309.35, 302.00
KSK ENERGY (222)
Buy Above 223.60 Target 230.05, 238.00
Sell Below 219.15 Target 214.30, 208.00
HCC (72)
Buy Above 72.95 Target 76.20, 80.00
Sell Below 71.10 Target 68.15, 65.00

Others for Intraday: DISH TV, MERCATOR LINES, RPOWER, NTPC, ROLTA INDIA.

GOOD LUCK

Stock Idea: Crompton Greaves

Power equipment manufacturer, a part of the Avatha group, the company beat all market expectations and posted a 37% rise in net profit at Rs 123 crore on a net sales of Rs.2,035 crore, up 26.7%. Power systems continued to remain the bread winner, adding 67% to the topline and the rest came from consumer products (16%) and industrial products (15%). The improved performance was on account of its overseas subsidiaries, which showed a 52% rise in revenues on a YoY. The higher replacement market in Europe and the appreciating Euro worked well for the company.
What is very positive is that there has been no effect of the slowdown on the company. Infact its order book remains robust at over Rs.6,200 crore (of which Rs 3,580 crore is from international markets), executable over the next 15 months. This is positive because this indicates that when it comes to the power sector, irrespective of the rising costs and inflation and the overall lethargy in the economy, there has been no let up in power production. Good for the country and good the company! Infact the company has gone on record stating that it has seen neither any reduction in sales invoicing nor is it deferring any projects.
The company has chalked out a Rs.220 crore capex plan in the current fiscal for expanding capacities, around 10-12%, across all three of its segments. Every fiscal, the company adds around 10% to the capacity and this fiscal too it keeps up the tradition.
What is reassuring is that the company is zero debt so for Crompton, rising interest rates is not really an issue. But what is an issue is the rising cost of raw materials. Though most of the companies have a cost escalation clause built in, the suppliers for the company do not enter into a long term price contract, maximum period is three months. Earlier supply was also a constraint but that has eased now. For prices to ease there is a long wait ahead.
The company is expected to have a good fiscal and revenue is expected to grow over 20% and net profits by around 22-23%. At the current levels, Crompton is a good long term buy.

Source: sptulsian.com

Intraday Trading Calls for 01st October

Indian Stock Market may open positive with gap up and a good closing expected also.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

GSS AMERICA INFO (204)
Buy Above 207.65 Target 212.55, 220.00
Sell Below 201.20 Target 195.15, 188.00
RPL (143)
Buy Above 143.85 Target 147.40, 152.00
Sell Below 141.40 Target 138.15, 135.00
INDIABULLS (154)
Buy Above 156.55 Target 161.35, 168.00
Sell Below 152.45 Target 148.25, 143.00
CORE PROJECTS (260)
Buy Above 262.60 Target 268.40, 275.00
Sell Below 257.35 Target 252.45, 245.00
ADLABS FILMS (340)
Buy Above 342.85 Target 350.05, 360.00
Sell Below 337.15 Target 330.50, 322.00
YES BANK (120)
Buy Above 121.75 Target 125.20, 130.00
Sell Below 118.40 Target 115.15, 112.00

Others for Intraday: Bank of Baroda, Bank of India, Rel Infra, GMDC.

GOOD LUCK