Tuesday, September 22, 2009

Stock Idea: Mundra Port and SEZ

Mundra Port and SEZ, an Adani group company, is currently the only listed non-captive private sector port. It is engaged in developing, operating and maintaining the Port and port based related infrastructure facilities, including multi-product SEZ. The company recently bagged Mormugao Port coal terminal development on a design build, finance, operate and transfer (DBFOT) basis. With this expansion into Western coast ports with good presence in coal and gas terminals, it will vastly improve the potential of the company.

The company has done very well for the first quarter ended 30th June 2009. It posted a net sales of Rs.298.04 crore, rising 18% on a YoY. EBIDTA was up 22% at Rs.220.11 crore. Net profit was up by a healthy 76% at Rs.170.75 crore.

This strong performance has been on the back of strong growth in cargo volumes. While major Indian ports have together shown a growth of 1.9%, Mundra Port has shown a rise of 24% in cargo volumes in Q1 June 2009.

In Q1FY10, there was a 23% (YoY) rise in the number of vessles, which called at the port. There was a 24% rise in total cargo handled at the port at 9.89 mmt. Of this 24% came from coal, 20% from crude, 165 from vegetable oil and chemicals, 26% from container, 5% from fertilizer, 5% from steel and 45 from mineral and others.

Its agreement with Maruti, for the export of the A-Star car has started bearing fruit. Currently the export markets are dull and despite that the company has managed to do well, so once the markets in Europe starts picking up, business will boom, for both Maruti as well as Mundra.

Mundra Port is aiming to emerge as the country's largest port by 2013-14 in terms of cargo handling. It is aiming to cross 100 million mark by 2013-14 to emerge as the country's largest port facility.

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

Intraday Trading Calls for 22nd September

Indian Stock Market may open flat to negative and remains very volatile but a 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

NAGARJUN CONSTRUCT

Buy Above

154.65

159.20

164.00

Sell Below

152.05

148.35

144.00

HCC

Buy Above

128.65

133.75

138.00

Sell Below

125.35

121.05

116.00

REL POWER

Buy Above

173.55

178.20

184.00

Sell Below

170.35

166.35

162.00

APTECH

Buy Above

284.75

292.45

300.00

Sell Below

279.50

274.55

267.00

PSL LTD

Buy Above

180.65

185.35

192.00

Sell Below

177.55

172.35

166.00

J KUMAR INFRA

Buy Above

160.05

165.25

170.00

Sell Below

157.15

153.05

148.00

GMR INFRA

Buy Above

141.25

144.60

148.00

Sell Below

139.40

136.20

132.00

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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