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.
Sunday, October 12, 2008
Value Stock: Supreme Infra
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.
Bulls Eye
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 .
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.
Aban off fut : - Buy at current levels considering 1111 with a upper target of 1150 with a stoploss of 1080.
Stock Ideas: Voltas, Idea, Canara bank
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..
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.
Stock Idea: R S Software (India) Ltd, Paramount Communications
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.
Disclaimer
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