Wednesday, April 28, 2010

Intraday Trading Calls for 28th April

Indian Stock Market may negative but buying expected from lower levels.A flat to 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
SUJANA TOWER
Buy Above
51.60
54.15
57.00
Sell Below
50.35
48.25
46.00
SASKEN COMM.
Buy Above
213.75
218.20
224.00
Sell Below
210.30
205.10
200.00
ESCORTS
Buy Above
175.65
180.15
186.00
Sell Below
173.40
168.50
164.00

BRFL
Buy Above
220.10
226.35
232.00
Sell Below
216.45
211.20
206.00
APTECH LTD.
Buy Above
173.65
178.70
184.00
Sell Below
171.05
167.20
162.00
REL POWER
Buy Above
159.20
163.55
167.00
Sell Below
156.35
153.20
150.00
L G BALAKRISHNAN (500250)
Buy Above
267.25
274.55
282.00
Sell Below
263.15
257.15
250.00


GOOD LUCK
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Stock Idea: Sonata Software

This small cap IT company posted revenues of Rs.319.10 crore (Rs 368.38 crore) during the quarter ending March 31, 2010, a drop of 13%. But it managed to hold its fort by reducing expense, depreciation, taxation and interest outgo and posted a 9% higher net profit at Rs.18.78 crore.
About 42% of the company’s revenues came from Europe, 49% from the US and the remaining from the rest of the world. The company added 19 new clients during the year.
Its net profit rose 12.8% to Rs.60.20 crore on 3.1% fall in net sales to Rs 236.09 crore in FY10 compared to FY09. The company's equity capital is Rs 10.52 crore. Face value per share is Re. 1, giving an EPS of Rs.5.72.
Like most of the IT companies, this company too had a nightmarish time due to the strong currency. With the Indian rupee expected to remain strong in the current fiscal too, the company has to look at volume growth or more concentration in Indian markets to probably get over its weak forex earnings. Infact the company is looking at increasing the client list in the European market and plans to go beyond its major partner-cum-client TUI AG and expand into new markets. TUI InfoTec is a joint venture between Sonata Software Ltd and TUI AG, where Sonata owns a majority stake. About 60 per cent of the work from TUI AG is outsourced to Sonata at India with remaining 40% coming to TUI InfoTec. The company is now planning to tap non-TUI clients. Its focus for the coming year would be around Outsource Products Development (OPD), building solutions framework, travel & tourism and Enterprise segment.
The company is looking at new acquisitions in Singapore and Malaysia in the range of $25- $50 million.
The stock price is expected to remain range bound but any news of an acquisition could lead to a spurt. Keep a tab on this stock.
Source: Internet (Premiuminvestments.in by S P Tulsian)
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