Tuesday, June 30, 2009

Intraday Trading calls for 30th June

Stock Market India may open positive and remains positive with very high volatility for the day today.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

ROLTA INDIA

Buy Above

132.75

138.45

143.00

Sell Below

130.10

126.20

121.00

GMR INFRA

Buy Above

156.25

161.30

167.00

Sell Below

153.70

148.60

143.00

TATA STEEL

Buy Above

401.60

412.75

425.00

Sell Below

393.55

380.70

370.00

SESA GOA

Buy Above

188.50

194.20

200.00

Sell Below

185.40

181.35

176.00

CAIRN INDIA

Buy Above

235.75

241.35

248.00

Sell Below

232.45

227.55

222.00

VIDEOCON INDUSTRIES

Buy Above

184.30

188.75

195.00

Sell Below

181.20

176.50

171.00

SELAN EXPLO

Buy Above

198.45

205.55

212.00

Sell Below

195.40

191.35

185.00

GOOD LUCK

Monday, June 29, 2009

Stock Idea: Nava Bharat Ventures

Today, Nava Bharat Ventures is known more as a power company with focus on ferro alloys and sugar. Its total installed power capacity is at 237 MW in AP and Orissa. In Ferro alloys, its capacity is 125,000 MT of manganese and 75,000mT of chrome alloy. In sugar, it has a 3500 TCD integrated plant.

To mitigate itself from being dependent on just one sector, the company got into power and sugar and that has been a very wise decision. It is power and sugar which has helped the company face the rough weather in FY09, especially in ferro alloys, where lack of demand since the end of Sep'08, forced the company to curtail production and shut its ferro chrome furnace.

And though the pressure of this has been reflected in the performance of Q4FY09, the overall performance for FY09 was good. In the last quarter of FY09, the topline and the bottomline took a dip. The revenues for the quarter fell by 12.14% to Rs 303.36 crore and net profit declined by 16.13% to Rs.108.54 crore. Power segment sales rose by 92% while ferro alloys sales was down 74%.

For FY09, revenues of the company increased by 43.43% to Rs 1,350.05 crore and its net profit increased by a whopping 62.84% to Rs 520.57 crore. The company posted a forex loss of Rs.29.17 crore. It also bought back 1.93 million equity shares of Rs 2 each for Rs 23.26 crore and extinguished equal number of equity shares. After this, the paid up capital has come down to 7.59 million equity shares of Rs 2 each.

Power sales rose by 91.4% for FY09 thus taking a leading position in the segmental performance. Ferro alloys, thanks to the good realisations during the first half managed to end the year on more or less at same levels.

The company plans to go full throttle with its power projects and has plans to set up a 1,050MW merchant power plant (50: 50 JV with Malaxmi group) and another 64MW at its existing location in Orissa. Capex envisaged is Rs.4700 crore ad is expected to be commissioned by FY12. It has been allocated Rambia coal mine in Orissa with estimated reserves of 112 million mt. It also plans to put up another power plant in Andhra Pradesh.

This remains a good long term stock as it is power which will power the company in the coming months.

Source: www.premiuminvestments.in (S P Tulsian)

Intraday Trading Calls for 29th June

Stock Market India may open flat to positive and remains flat with very high volatility for the day today.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

BARTRONICS

Buy Above

182.60

188.55

195.00

Sell Below

179.70

175.10

170.00

GMR INFRA

Buy Above

137.80

142.45

148.00

Sell Below

135.10

131.25

125.00

IRB INFRA

Buy Above

154.60

160.15

165.00

Sell Below

152.40

147.60

142.00

SESA GOA

Buy Above

194.25

200.10

208.00

Sell Below

190.35

185.30

180.00

CAIRN INDIA

Buy Above

235.75

241.35

248.00

Sell Below

232.45

227.55

222.00

VIDEOCON INDUSTRIES

Buy Above

183.50

188.75

195.00

Sell Below

180.10

175.45

170.00

POWER GRID

Buy Above

111.70

116.80

122.00

Sell Below

109.40

105.20

100.00

GOOD LUCK

Stock Idea: Man Industries

Man Industries (India) ltd. (Rs. 45.00)

BSE Code : 513269

TTM EPS : Rs. 9

Market Cap : 225 Cr.

Pmt Stake : 48 %

52W H/L : Rs. 84/22

P/E Ratio : 4.4x

Dividend : 30% (F.V.5/-)

Book Value : Rs. 69

Established in 1988 as an aluminium extruder, Man Industries India Ltd (MIIL) today is one of India's largest producers and exporter of submerged arc welded (SAW) pipes. Being led by dynamics personalities like Mr R.C. Mansukhani and Mr. J.C. Masukhani, MIIL is the flagship company of reputed MAN group which has diversified business interest in India, USA, UK and UAE. Within the last ten years, company has multiplied its production capacity 20x times, from 50,000 tonne in 1998 to 1 million tonne currently. It specializes in production of large diameter Longitudinally SAW pipes & Helically (Spirally) SAW pipes. LSAW line pipes are generally used in transportation of oil and natural gas in high temperature and pressure applications in refineries and petrochemical units apart from finding application in fertilizers and dredging industry. On the other hand HSAW pipes are used under low pressure condition for transportation of oil, water, sewerage, agriculture and in construction sector. Company has the capability to manufacture LSAW pipes with outer diameter ranging from 16~60 inches and wall thickness of 6~38 mm upto maximum pipe length of 12 mtrs. Whereas for HSAW it can make pipes having 16~84 inches of outer diameter upto maximum length of 18 mtrs. Infact it is the only company in India to manufacture 18 mtr long HSAW pipe and up to 30 mm thickness in X-70 grade steel. Besides manufacturing, MIIL also has the in-house processing facilities for all types of Anti-corrosion coating such as 3LPE, FBE, Internal Epoxy etc and cement mortar coatings. And among the recent developments MIIL has diversified into real estate & infrastructure development in a small scale thru a subsidiary "Man Infraprojects" and has also hived off the extrusion business into "Man Aluminum – a separate listed company. Financially, MIIL had raised around Rs 200 cr in May 2007 thru FCCB route to set up a plant in USA. But now as the company is not proceeding with that plan and also doesn't has any other major capex plan, it has decided to buyback the FCCB thru the unutilized amount and thru internal accruals. This will prevent the equity from huge dilution which would have been detrimental for the existing shareholders. Incidentally, due to high conversion price and adverse market sentiment, not a single bond has been converted into equity, despite the conversion price being revised downward couple of times. Importantly, promoters have increased their stake thru creeping acquisition as it stands to 48% against 44% a year back. Secondly, few days back they have also taken preferential allotment of 25 lac warrants to be converted into equity @ Rs 35 per share. With an expected EPS of Rs 11 and current book value of Rs 70, company is available fairly cheap at market cap of little over Rs 200 cr. Investors are strongly recommended to buy at current levels for 50% gain within a year.

Source: Internet (SmartInvestments)

Friday, June 26, 2009

Intraday Trading Calls for 26th June

Stock Market India may open positive and remains positive for the day today.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

BARTRONICS

Buy Above

172.70

178.20

185.00

Sell Below

169.60

165.10

160.00

CORE PROJECTS

Buy Above

139.20

144.35

150.00

Sell Below

137.10

133.25

128.00

SESA GOA

Buy Above

188.55

193.35

200.00

Sell Below

185.10

180.15

175.00

TATA STEEL

Buy Above

401.60

412.75

425.00

Sell Below

394.15

385.45

375.00

CAIRN INDIA

Buy Above

226.75

232.45

238.00

Sell Below

223.40

218.75

212.00

RNRL

Buy Above

89.10

92.55

97.00

Sell Below

87.35

84.60

81.00

NAGARJUNA CONSTRUCTION

Buy Above

130.25

134.60

140.00

Sell Below

128.40

124.15

119.00

Buy at every decline: Wockhardt (532300) CMP Rs. 147/- for Target Rs. 250/-.

GOOD LUCK

Thursday, June 25, 2009

Corporate News

SBI slashes PLR by 0.5% to 11.75%. (ET)

ONGC will have to pay Rs137.9bn in royalty to the government on behalf of Cairn India for its Rajasthan oil field. (BS)

Aditya Birla Group may merge Grasim and Ultratech. (ET)

PowerGrid may raise Rs30bn via follow-on offer. (BL)

Jaiprakash Power Ventures, a wholly owned subsidiary of Jaiprakash Associates is set to merge with Jaiprakash Hydro Power. (BS)

RCom signs a long term revenue sharing deal with US based EA Mobile under which, the latter will offer its award winning games to the telco. (BL)

RCom to launch MobiTV on GSM. (BL)

Tech Mahindra to raise Rs10bn. (ET)

ABB bags orders worth Rs2.2bn from Tata Projects to provide power products and solutions. (FE)

Ashok Leyland has deferred construction of its proposed LCV facility in partnership with Nissan. (BS)

TVS Motors launches Flame SR125 without twin spark plug. (BS)

Essar E&P,
a wholly owned subsidiary of Essar Oil, is set to begin CBM production at Ranigunj block in West Bengal. (BL)

Bank of India to raise up to Rs130bn. (BS)

Glenmark's diabetes drug to enter Phase III trials by 2009-end. (FE)

Educomp has sold 50% stake in its vocational education and skill training subsidiary to the UK-based publishing house Pearson for US$17.5mn. (ET)

Peninsula Land to raise Rs7.5bn by way of equity issue. (BS)

KS Oils has acquired an additional 35,000 acres of land in Indonesia for oil palm plantation. (ET)

Srei Equipment Finance plans to raises up to Rs75bn debt in the current financial year. (BS)

Source: indiainfoline.com

Intraday Trading Calls for 25th June

Stock Market India may open positive and remains positive for the day today.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

SUZLON

Buy Above

118.25

123.45

130.00

Sell Below

115.10

110.30

105.00

RCOM

Buy Above

304.70

315.20

325.00

Sell Below

298.40

290.10

280.00

SESA GOA

Buy Above

187.75

193.35

200.00

Sell Below

184.60

180.15

175.00

WELSPUN GUJARAT

Buy Above

211.25

218.70

225.00

Sell Below

207.35

200.55

192.00

GUJARAT ALKALIES

Buy Above

109.10

115.25

122.00

Sell Below

106.40

100.20

95.00

REL POWER

Buy Above

175.60

180.20

185.00

Sell Below

173.40

168.60

164.00

NAGARJUNA CONSTRUCTION

Buy Above

126.25

131.10

136.00

Sell Below

123.50

118.55

114.00

Keep an Eye on TTML (532371) CMP Rs. 38/- Target for Intraday Rs. 42-45/-.

GOOD LUCK

Wednesday, June 24, 2009

Intraday Trading Calls for 24th June

Stock Market India may open positive and remains positive for the day today.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

SUZLON

Buy Above

108.25

114.75

120.00

Sell Below

106.35

101.15

96.00

GMR INFRA

Buy Above

140.50

144.75

150.00

Sell Below

138.40

134.20

130.00

SESA GOA

Buy Above

182.80

188.45

195.00

Sell Below

179.70

175.10

170.00

TATA STEEL

Buy Above

404.20

415.40

430.00

Sell Below

398.45

388.20

375.00

MOSER BAER

Buy Above

93.50

98.15

104.00

Sell Below

91.20

87.35

82.00

REL POWER

Buy Above

173.10

178.40

185.00

Sell Below

170.15

165.05

160.00

NAGARJUNA CONSTRUCTION

Buy Above

122.70

128.45

135.00

Sell Below

119.20

114.35

108.00

GOOD LUCK

Tuesday, June 23, 2009

Intraday Trading Calls for 23rd June

Stock Market India may open negative but 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

SUZLON

Buy Above

110.10

114.75

120.00

Sell Below

107.25

102.20

96.00

HPCL

Buy Above

307.80

314.75

322.00

Sell Below

302.35

295.45

288.00

SESA GOA

Buy Above

190.20

196.45

202.00

Sell Below

187.10

183.40

178.00

TATA STEEL

Buy Above

405.70

418.40

430.00

Sell Below

398.45

388.20

375.00

ROLTA

Buy Above

130.25

135.45

140.00

Sell Below

128.40

124.15

118.00

IOC

Buy Above

550.15

564.75

580.00

Sell Below

541.35

530.25

515.00

NAGARJUNA CONSTRUCTION

Buy Above

122.70

128.45

135.00

Sell Below

119.20

114.35

108.00

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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