Monday, December 1, 2008

Stock Idea: Everest Kanto Cylinder (EKC)

SKP Securities has recommended a buy rating on Everest Kanto Cylinder (EKC) with a target of Rs 229 in its December 1, 2008 research report. "EKC has planned a capacity expansion of 2,05,000 cylinders including the capacity for 5000 jumbo cylinders, industrial cylinders at Gandhidham with an estimated capital expenditure of Rs 650 million. EKC has made an aggressive capital expenditure plan in China, through EKC Industries (Tianjin) Co. Ltd, the company’s wholly owned subsidiary in China."

"At the current market price of Rs 140, the stock is trading at a P/E of 15.05x and 12.32x of FY09E and FY10E earnings of Rs 13.37 and Rs 16.34 respectively. We recommend BUY rating on the stock with a target price of Rs 229/- (63% upside) in 18 months implying a P/E multiple of 14x of FY10E earnings," says SKP Securities' research report.

Source: Moneycontrol.com

Intraday Trading Calls for 01st December

Indian Stock Market may open flat to positive and remains very volatile through out the day today. A flat to positive closing expected.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

SESA GOA

Buy Above

75.60

77.75

80.00

Sell Below

73.20

71.15

68.00

HCL TECH

Buy Above

138.80

143.35

148.00

Sell Below

135.40

132.15

128.00

RPOWER

Buy Above

111.20

114.45

118.00

Sell Below

107.50

104.35

100.00

BANK OF BARODA

Buy Above

260.10

265.45

272.00

Sell Below

255.05

251.35

246.00

SATYAM COMPUTER

Buy Above

245.20

249.60

255.00

Sell Below

241.35

237.50

232.00

INDIABULLS REALEST

Buy Above

95.80

99.40

105.00

Sell Below

93.30

90.40

86.00


Short to Med. Term Delivery Buy Adhunik Metaliks CMP Rs. 25/- Target Rs. 45+.

GOOD LUCK

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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