Friday, April 24, 2009

Intraday Trading Calls for 24th April

Stock Market India may open flat to positive and may see some profit booking at mid-session but it may 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

INDIABULLS REALEST

Buy Above

146.75

151.45

155.00

Sell Below

144.30

140.10

136.00

REL POWER

Buy Above

128.70

133.10

138.00

Sell Below

126.60

122.80

119.00

RAIN COMMODITIES

Buy Above

92.60

96.45

101.00

Sell Below

90.40

87.35

84.00

TORRENT POWER

Buy Above

100.60

105.10

110.00

Sell Below

98.50

94.15

90.00

IVRCL INFRA

Buy Above

161.20

165.40

170.00

Sell Below

158.40

154.30

150.00

LANCO INFRA

Buy Above

236.25

242.15

250.00

Sell Below

233.40

228.15

222.00

BAJAJ HIND

Buy Above

75.60

78.55

82.00

Sell Below

74.20

71.45

68.00

GOOD LUCK

Stock Idea: Yes Bank

Yes Bank has posted good results for Q4 with total income rising to Rs.656 crores against Rs.494 crores in the corresponding quarter of the previous year. PAT for the quarter is at Rs.80.11 crores against Rs.64.50 crores, resulting in an EPS of Rs.2.70 for Q4, against Rs.2.18 of the corresponding quarter of the previous year.

On an annualized basis, the performance of the bank has been quite exemplary with total income at Rs.2,438 crores against Rs.1,665 crores of FY 08 while EPS for FY 09 touched in double digit at Rs.10.25 against Rs.7 of FY 08. It has been feared that NPAs of bank will rise, due to defaults and slowdown, but, this has not seen happening adversely in case of the bank. Net NPA of the Bank, as at 31-03-09, has been at 0.33%, while gross NPA is at 0.68% with capital adequacy ratio of 16.63%. Even, average return on assets has been at 1.52% on annualized basis.
Share touched its 52 week low of Rs.41, on 9th March 09, when all the private sector banking stocks took a beating. Since then, it has been going up and now ruling at Rs.77, which discounts its historic earnings by less than 8 times. It is certain to see growth from bank, even in FY 10 and an EPS of Rs.12 is most likely, which discounts the current price by about 6.50 times. Those who have 6 months view can expect the share price to move in three digits. Price behaviour of this stock remind us of old price movement pattern of HDFC Bank, about 12 years back, which has now become a private sector giant. This Bank also has all such ingredients to grow big in the long run.
Source: www.premiuminvestments.in By S P Sulsian

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.



free counter