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