Intraday Trading Calls for 11th December

Indian Stock Market may open positive but remains very volatile and some profit booking expected at higher levels. A positive closing expected today.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
APTECH	Buy Above	192.80	198.20	204.00
	Sell Below	191.40	187.35	182.00
POLARIS	Buy Above	181.10	185.45	190.00
	Sell Below	178.70	174.50	170.00
ROLTA INDIA	Buy Above	185.70	190.25	195.00
	Sell Below	183.50	179.20	175.00
CHAMBAL	Buy Above	61.10	63.70	66.00
	Sell Below	59.70	57.45	55.00
VIJAYA BANK	Buy Above	57.10	59.40	62.00
	Sell Below	56.20	54.15	52.00
GDL	Buy Above	136.70	141.50	147.00
	Sell Below	134.35	130.20	126.00
SELAN EXPLO	Buy Above	330.20	337.20	345.00
	Sell Below	325.35	319.45	312.00

GOOD LUCK

Stock Idea: State Bank of India (SBI)

State Bank of India (SBI), despite the trying times, has posted a good set of results for the first half ended 30th September 2009. NII grew during H1FY10, grew 3.51% and this was driven mainly by interest on advances but it was muted due to fall in credit deposit ratio. Fee income grew 51.55% and operating income rose 18.03%.
What really helped the performance has been the reduction in the proportion of high-cost bulk deposits, which came down from 16.8% a year ago to 3.6%. Another noteworthy feature is that though PLR, since Sept 08’ has come down by 200 basis till Sep 09’, the yield on advances has fallen by only 29 basis points. This means that the bank has lesser sub-PLR lending.
Advances for HIFY10 grew 16%and deposits grew 25%. Gross NPA was at 2.99% and net NPA was at 1.73%. Interestingly, market share of SBI in advances rose YoY to 16.58% from 15.97%. Its advances to corporates grew 14%, that to SME rose 21%, agri loans grew 21% and home loans showed a healthy and steady rise at 23%. It remains numero uno in the total home loan segment in India.
After launching of SBI Happy Home Loan scheme, monthly average number of loans sanctioned increased from 14,400 in Feb 09 to 22,000 in Sept 09. In H1 FY10 disbursements under Happy Home Loans scheme is Rs 13,290 crore, which account for less than 2.3% of the overall loan book.
Education loans rose 42% and auto loans rose 44%. Market share in Auto loans is around 15% and SBI is the largest player in the industry.
It’s provisioning as at 30th Sept 09’ stood at 42.87% which is lower than 45.15% it had at the end of 30th June 2009. Last month, RBI increased the provision cover to 70% within a year and this means, SBI will have to hike its provisioning, putting pressure on the bottomline.
The good thing going for SBI is the proposed stake sale by the Govt from current 59% to 51%. This will rake in SBI over Rs.12,000 crore. Insurance companies have a 11.23% stake while the FII holding, as at September 30, stood at 9.87%.

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

Stock Idea: Allahabad Bank

This bank has been consistently posting a good performance and its results for the second quarter ended 30th September 2009 has been one of its best. Non-Interest Income grew 208 % on a YOY and Net Interest Income grew 22.23 %. Total Business of the Bank rose 18.14% on a YoY at Rs.148103 crore.
Deposits of the Bank went up by 18.55% to Rs. 87309 crore. Gross NPA to Gross Advances further declined to 1.78 % as at September 2009 from 1.93 % on a YoY while Net NPA to Net Advances ratio declined from 0.85% to 0.35 %.
Operating Profit rose 107% at Rs.649.84 crore. Net Profit of the Bank was at Rs. 333.59 crore as against Rs. 41.68 crore in the corresponding period last year recording a growth of700.36%.
Net NPA reduced to 0.35 %. It sustained its Provision coverage Ratio at 79.52 % and Capital Adequacy Ratio was at 14.90 % from 11.46% and this is much more than the stipulated norm of 9%. EPS for the quarter was at Rs.7.47 and book value increased to Rs. 145.19 from Rs.119.79 as on 30.09.08.
During the quarter it opened 6 more branches, taking the total number of branches to 2284.
What really helped the bank post such a stupendous performance despite the circumstances was its focus on high yielding advances and low cost deposits. It paid attention to the improvement of the bottomline instead of concentrating just on the overall balance sheet. The bank is offering a special rebate on its various retail loan products till December 31 and this being targeted at mainly the affordable housing loan sector is expected to add on to the bank’s robust performance. It plans to increase its retail business to 30% this fiscal and is planning to open 26 centralised retail boutiques in major cities across the country.
Stay invested as the Bank is expected to end the current fiscal on a high note.
Source: Internet (www.premiuminvestments.in by S P Tulsian)