Friday, May 8, 2009

Intraday Trading Calls for 08th May

Stock Market India may open flat to Negative but some recovery expected from lower levels.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

GREAT OFFSHORE

Buy Above

297.25

305.15

315.00

Sell Below

294.35

287.50

280.00

GODAWARI POWER

Buy Above

75.80

78.55

82.00

Sell Below

74.50

72.25

70.00

NALCO

(532234)

Buy Above

245.75

252.35

260.00

Sell Below

242.40

237.45

230.00

TATA ELXSI

Buy Above

121.60

126.20

132.00

Sell Below

119.40

115.45

111.00

HDIL

Buy Above

171.25

175.35

180.00

Sell Below

169.35

165.15

161.00

TATA STEEL

Buy Above

296.80

304.70

312.00

Sell Below

293.40

288.15

280.00

SHIV-VANI OIL

Buy Above

168.60

174.25

180.00

Sell Below

165.70

161.35

156.00

GOOD LUCK

Stock Idea: Exide Industries

Exide Industries, India’s largest auto battery manufacturer,a part of the Raheja group, posted a good set of results for the year ended 31/03/09. Consolidated net profit rose 16.50% to Rs.191.49 crore on 14.16% rise in total income to Rs.3,410.74 crore.

Automotive sales for the year crossed 14 million batteries while industrial battery sales crossed 1.3 billion amp hours. The advantage which the company had was that the price of its main raw material – lead, fell drastically within a very short period of time and the rupee also lost its strength almost in tandem. This helped the company post a better performance. The company on its part, undertook some cost cutting, and better inventory management.

FY09 is a landmark year for Exide as it started the delivery of Nano batteries to Tata Motors. The company is using its Shamnagar factory in West Bengal to produce the battery. During the year Company’s capital expenditure was Rs.160 crore. Its debt equity ratio as at 31/3/09 stood at 0.26 : 1.

Supply to OEMs took a beating due to the recession in the automobile sector but it is the replacement market, which helped the companyclock volumes. The company has slowly reduced its dependence on solely the auto sector and today, 35% of its business comes from industrial range of batteries like telecom, power, traction, inverter, UPS etc.
With the auto sector showing signs of revival, the Tata Nano taking off and lowering of its debt equity ratio, Exide seems poised for a good and long run in FY10.

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

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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