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.
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
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
