Intraday Trading Calls for 09th September

Indian Stock Market may open positive and remains very positive for the day today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
PVR LTD.	Buy Above	184.60	190.10	196.00
	Sell Below	181.40	176.35	171.00
JP ASSOCIATES	Buy Above	119.25	122.35	125.00
	Sell Below	117.45	115.10	112.00
KALE CONSULTANT	Buy Above	140.00	145.65	151.00
	Sell Below	137.15	132.75	128.00
EDSERV SOFT SYSTEMS	Buy Above	198.75	205.05	212.00
	Sell Below	195.05	190.20	185.00
UFLEX LTD.	Buy Above	184.25	191.35	198.00
	Sell Below	181.35	175.60	170.00
SREI INFRA FINANCE	Buy Above	99.25	103.15	107.00
	Sell Below	97.30	94.60	91.00
CORE PROJECTS	Buy Above	300.00	308.70	315.00
	Sell Below	296.45	290.10	284.00

Short to Medium Term Delivery Pick  : PVR LTD. (532689) CMP Rs. 183/-
We expect average ticket prices to remain stable as the most of the roll out of new properties have taken place in tier-2 cities. However on the back of increasing consumption per capita in Tier-2 cities, we expect foot falls and occupancy rate in Multiplex properties to increase and drive revenue performance. We are positive about the company’s increasing revenue potential on the back of its strategy to add new properties and screens in tier-2 cities. Also PVR’s movie business is expected to drive top-line (with an opportunity to pre-sell satellite rights) with expected release of movies, one of which Khele Hum Ji Jaan Se releasing in Q3FY11 respectively. Thus,we maintain “BUY” rating on the stock with 12 target month price of Rs236 based on DCF methodology, which represents a potential upside of 31%. At the CMP of Rs180, stock is trading at FY11E and FY12E P/E of 16.3x and 10.1x and EV/EBITDA of 5.6x and 4.5x respectively.
(By K R Choksy)
GOOD LUCK