Thursday, December 24, 2009

Intraday Trading Calls for 24th December

Indian Stock Market may open positive but a negative closing expected.

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

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

REL POWER

Buy Above

147.60

151.70

156.00

Sell Below

145.10

141.50

138.00

BRFL

Buy Above

185.70

190.20

195.00

Sell Below

183.50

180.20

176.00

JAIPRAKASH ASSOCIATE

Buy Above

148.10

152.25

157.00

Sell Below

146.35

142.10

138.00

CAIRN INDIA

Buy Above

280.05

286.45

292.00

Sell Below

277.45

272.80

268.00

SELAN EXPLO

Buy Above

335.10

343.75

352.00

Sell Below

330.05

323.40

315.00

APTECH LTD.

Buy Above

184.10

189.25

194.00

Sell Below

182.05

178.35

172.00

VIDEOCON INDUSTRIES

Buy Above

225.50

231.60

238.00

Sell Below

223.10

218.45

212.00

GOOD LUCK

Stock Idea: Bank of Rajasthan

The financial performance of the bank has been under pressure in the current fiscal. During the second quarter ended 30th Sept 2009, bank’s net interest income (NII) was down 32.62% from Rs 104.41 crore to Rs 70.35 crore. Its net NPA was up 4.5% to Rs 31.77 crore. Net profit was down 48.6% from Rs 34.63 crore to Rs 17.8 crore.
For HIFY10, NII was at Rs.141.12 crore v/s Rs.185.73 crore, a fall of 24%. Net profit was down 47% at Rs.34.87 crore. Though the bank has remained steady in its revenue income from treasury and corporate earnings, it is the retail segment which has taken the hit and ultimately pulled down the overall margins.
And to overcome this slowdown, the bank is now extremely aggressive in the home loans section, especially in the category of Rs.30 lakhs, where it cut its home loan rates to 7.5%.
The bank plans to raise Rs.250 crore before the end of this fiscal and it plans to take the QIP route.
The stock had hit a 52-week high of Rs 98 on 21 October 2009 and a 52-week low of Rs 30.95 on 12 March 2009. The current price of Rs.74 discounts the company's Q2 September 2009 annualised EPS of Rs 4.41, by a PE multiple of 16.78 times.
In light of the QIP issue any time soon, the counter is expected to see some action in the coming days. The bank remains strong and the second half of the current fiscal should see a marked improvement in its performance.
Source: Internet (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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