Friday, January 30, 2009

Intraday trading Calls for 30th January

Indian Stock Market may open Negative but some recovery expected at mid-session. A flat closing expected.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

RPOWER

Buy Above

104.80

109.15

114.00

Sell Below

102.40

99.20

95.00

COMPACT DISK

Buy Above

37.60

40.10

42.00

Sell Below

36.25

34.40

32.00

DENA BANK

Buy Above

35.10

37.15

39.00

Sell Below

33.50

31.20

29.00

CAIRN INDIA

Buy Above

161.70

165.40

170.00

Sell Below

158.50

155.20

151.00

BANK OF BARODA

Buy Above

257.20

262.15

268.00

Sell Below

253.10

249.40

245.00

TATA MOTORS

Buy Above

151.70

157.25

162.00

Sell Below

149.40

145.65

140.00

GSFC (500690)

Buy Above

89.20

94.15

99.00

Sell Below

85.40

81.35

78.00


GOOD LUCK

Thursday, January 29, 2009

Intraday Trading Calls for 29th January

Indian Stock Market may open positive with gap up but very high volatility can be seen in today's trade. A good positive closing expected today also.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

RPOWER

Buy Above

103.80

108.40

114.00

Sell Below

101.40

98.20

94.00

BGR ENERGY

Buy Above

147.60

153.20

158.00

Sell Below

144.10

140.30

135.00

BARTRONICS

Buy Above

71.50

75.60

80.00

Sell Below

69.40

66.20

62.00

WELSPUN GUJARAT

Buy Above

76.85

81.20

85.00

Sell Below

74.40

71.20

68.00

BANK OF BARODA

Buy Above

246.80

253.55

260.00

Sell Below

242.15

237.35

232.00

SUN TV

Buy Above

151.70

157.25

162.00

Sell Below

149.40

145.65

140.00

HDIL

Buy Above

97.20

102.10

108.00

Sell Below

94.70

91.25

88.00

Very Short Term Delivery Buy RPOWER (532939) CMP Rs. 102/- Target Rs.125/-

GOOD LUCK

Wednesday, January 28, 2009

Stock Idea: Gujarat Alkaliies

Guj. Alkalies (Rs. 70.00)
BSE Code : 530001
Market Cap : Rs. 500 Cr.
TTM EPS : Rs. 43
Pmt Stake : 37 %
52W H/L : Rs. 203/55
P/E Ratio : 1.6x
Dividend : 35%
Established in 1973, Gujarat Alkalies & Chemicals Ltd (GACL) has emerged as the largest producer of caustic soda in India commanding a market share of 18% in domestic chlor-alkali industry. With Caustic-Chlorine being it’s prime product, company has diversified into value added products like sodium cyanide, sodium ferrocyanide, chloromethanes, hydrochloric acid, potassium carbonate, phosphoric acid (85%), hydrogen peroxide etc. Its product portfolio of 26 chemicals provides dual benefit to the company by hedging against any cyclical fluctuations in the Chlor-Alkali Industry. Presently, company derives nearly 65% revenue from chlor alkali business and the rest 35% comes from the other value-added product. Thus company cater to host of industries like textiles, pulp & paper, soaps & detergents, alumina, water treatment, petroleum, fertilizers pharmaceuticals, agrochemicals, dyes & dyes intermediates to name a few. Besides company has made its presence felt across the globe by exporting products to USA, Europe, Australia, Africa, Far & Middle East countries, China and South Asian markets. Notably,
GACL is accredited with IS/ISO 9001:2000, ISO 14001:2004 and IS 18001:2000 certifications
and has been ranked among the top 25 listed Companies in respect of excellence in Corporate Governance by The Institute of Company Secretaries of India for last three consecutive years.
Despite being one of the lowest cost producers, performance of GACL depends a lot on the prices of its product which are quite volatile due to market dynamics. Secondly it also faces threat from cheap imports although anti dumping duty has been imposed on import of products like caustic soda lye/flakes and potassium carbonate from various countries. For H1FY09, GACL has reported encouraging set of nos as sales increased by 35% to Rs 729 cr but PAT grew marginally to Rs 138 cr due to substantial fall in other income. It has already clockedan EPS of Rs 19 for first half. Last fiscal, company had got Rs.16 crore compensation for CTC phase out under Montreal Protocol and Rs.16.50 crore against carbon credit. Considering all the factors, company may end the current year with sales of Rs 1250 cr and PAT of Rs 180 cr on conservative basis. This works out to an EPS of Rs 25 on current equity of Rs 73.40 cr. Although company has taken a hit due to mark-to-market loss on derivative exposure, still its not substantial and within company’s tolerance limit. Having an gross block of Rs 2200 cr, reserves to the tune of Rs 1000 cr (Book value Rs 147), low debt equity ratio of 0.3:1, EV/EBIDTA of approx 2x times, it’s a value buy at current market cap of merely Rs 500 cr. Long term investors can buy at current levels for 50% gain in 12~15 months.

Intraday Trading Calls for 28th January

Indian Stock Market may open positive with gap up but very high volatility can be seen in today's trade.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

RPOWER

Buy Above

101.80

106.20

110.00

Sell Below

99.40

95.60

91.00

PUNJ LLOYD

Buy Above

94.60

98.65

104.00

Sell Below

91.70

88.20

84.00

BARTRONICS

Buy Above

70.60

75.15

80.00

Sell Below

68.20

65.15

62.00

CUMMINS (500480)

Buy Above

199.20

207.45

215.00

Sell Below

195.20

191.50

186.00

ROLTA

Buy Above

83.50

86.20

90.00

Sell Below

81.00

78.65

75.00

SUN TV

Buy Above

156.80

162.45

168.00

Sell Below

153.20

149.40

145.00

REL CAPITAL

Buy Above

401.70

412.50

425.00

Sell Below

394.20

385.20

375.00


GOOD LUCK

Friday, January 23, 2009

Intraday Trading Calls for 23rd January

Indian Stock Market may open flat to positive but very high volatility can be seen in today's trade.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

RPOWER

Buy Above

99.60

103.40

108.00

Sell Below

97.15

94.50

91.00

PUNJ LLOYD

Buy Above

96.80

101.20

105.00

Sell Below

93.40

90.15

86.00

BHARTI AIRTEL

Buy Above

624.50

635.40

650.00

Sell Below

615.40

605.25

590.00

UNICHEM LAB

(506690)

Buy Above

162.20

167.15

172.00

Sell Below

158.40

155.15

151.00

CAIRN INDIA

Buy Above

155.70

158.50

162.00

Sell Below

153.40

150.35

147.00

CIPLA

Buy Above

173.80

178.25

182.00

Sell Below

171.20

168.35

165.00

REL INFRA

Buy Above

492.75

502.50

515.00

Sell Below

485.30

476.55

465.00

Buy VOLTAS (500575) CMP Rs. 42/- for Short Term Delivery Target Rs. 55/-.

GOOD LUCK

Thursday, January 22, 2009

Intraday Trading Calls for 22nd January

Indian Stock Market may open positive with gap up but very high volatility can be seen in today's trade.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

REL CAPITAL

Buy Above

397.20

408.50

420.00

Sell Below

389.70

382.15

375.00

YES BANK

Buy Above

69.20

73.45

78.00

Sell Below

67.40

65.20

63.00

GREAT OFFSHORE

Buy Above

241.80

247.45

255.00

Sell Below

237.35

232.70

228.00

BANK OF BARODA

Buy Above

242.60

248.35

255.00

Sell Below

238.20

234.10

228.00

CAIRN INDIA

Buy Above

151.60

156.55

162.00

Sell Below

149.20

145.60

141.00

VIDEOCON INDUSTRIES

Buy Above

94.60

98.35

104.00

Sell Below

92.30

89.40

86.00

ROLTA

Buy Above

81.55

85.45

90.00

Sell Below

79.40

77.15

74.00


OTHERS FOR INTRADAY: SELAN EXPLORATION (530075) HIND OIL EXPLORATION (500186)

GOOD LUCK

Wednesday, January 21, 2009

More Power to Power

In an otherwise dull and down market yesterday, towards the fag end of the session, CERC came in as a small blessing. Thanks to CERC, the BSE Power Index ended up higher by 2%, led by gains in NTPC (4.7%), Tata Power (4.5%) and Power Grid (11.5%). This once again reiterates the fact that power is one sector in India, which is indeed recession proof. Investments in the power sector just cannot stop as there is the very real fear of India getting unplugged due to power scarcity. And when the growth rate as such is slowing down, surely lack of power need not add more fuel to the fire.

CERC or Central Electricity Regulatory Commission, is India’s apex power sector regulator which includes Power Grid, NTPC, Neyveli Lignite and it took everyone by surprise by announcing tariff regulations. It upped return on equity on power companies to 15.5% from the existing 14%, applicable on new projects from 2009 to 2014. There is also a reward for projects being completed on schedule – an additional 0.5% RoE, which is then at 16%. These tariffs are applicable to all private companies, be it under state or center, and it is now upto the state regulators to implement these new tariffs.

Profits will increase as this now provides an additional incentive to produce more power. The message being sent by CERC is that the more you produce, the more you will earn. So this method of providing incentive for the performance, rewarding efficiencies is an extremely well thought of strategic move. With interest going down on one hand and the CERC giving higher RoE, the new tariff’s does make the investment in the power sector more attractive.

And this move, to provide incentives and rewards to performers is expected to lure in more investment in the power sector. We do have companies investing in the sector, but the number of companies which show interest in the sector and are ready to invest could certainly go up further.

CERC has stated that the RoE will now be pre-tax, for which the base rate of 15.5% would be grossed up through the applicable tax rate for the company. This will, in turn, translate into nearly 23.5% post-tax return on the equity as against 21% previously. This will mean that new power generation companies which enjoy tax holidays would now get more advantage over the older power companies.

The AAD or Advance Against Depreciation has been removed but depreciation rates have been reworked to take care of the repayment of debt. CERC has increased depreciation rates to 5.28% from 3.6% for thermal power plants and 2.5% for hydro power plants.
These tariff norms would be applicable in deals which do not involve any competitive bidding like the UMPPs. Instead it would be applicable to deals which are negotiated between the power generation company and the state Govt. But yes, it will be applicable to projects of the private sector which have got the mega power project status. CERC has also mandated that only firms that have an availability level of at least 85% are eligible for the guaranteed ROE.
What does this mean for the power companies? This would naturally mean a boost to the bottomlines. Neyveli Lignite has stated that due to the change in the tariff norms, it could see an additional profit for the future projects seen at Rs.32.50crore. NTPC’s profits are expected to go up by another 12-15%. The bottomline of Power Grid is expected to show a surge of around 5-6% once these tariffs get implemented.

And what about the likes of Tata Power and Reliance Power? They will have to depend on the state govt regulator, the State Electricity Board to implement these changes.
Source: sptulsian.com (By Ruma Dubey)

Intraday Trading Calls for 21st January

Indian Stock Market may open Negative with gap down but smart recovery expected from lower levels and a flat closing expected.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

REL CAPITAL

Buy Above

420.10

428.65

440.00

Sell Below

414.35

406.20

395.00

ALSTOM PROJECTS

Buy Above

250.70

256.20

262.00

Sell Below

246.40

241.60

236.00

TATA STEEL

Buy Above

196.80

204.20

210.00

Sell Below

193.70

189.15

184.00

BANK OF BARODA

Buy Above

242.60

248.35

255.00

Sell Below

238.20

234.10

228.00

CAIRN INDIA

Buy Above

154.50

158.20

163.00

Sell Below

151.40

148.35

145.00

VIDEOCON INDUSTRIES

Buy Above

96.20

100.10

105.00

Sell Below

93.70

90.45

86.00

GSS AMERICA INFO

Buy Above

106.20

111.35

116.00

Sell Below

103.50

99.10

95.00


OTHERS FOR INTRADAY: COMPACT DISK INDIA LTD. (526141) CMP Rs. 38/- & HIND OIL EXPLORATION (500186) CMP Rs. 60/-

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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