Stock Idea: Aegis logistic

Aegis logistic (115.00) (Code : 500003) :- owns and operates one of India’s largest private sector liquid terminal located on a 20-acre plot at Trombay having storage capacity of 165,000 KL. With two other terminals it boasts of having a total capacity of around 290,000 KL. Considering the robust future outlook, it is setting up a third terminal in Trombay with a capacity of nearly 55,000 KL by FY10. On the other hand it also imports, markets and distributes bulk propane, propylene and LPG to a variety of industrial customers in the western region and is one of the largest private sector suppliers in India. Lately company has ventured into lucrative business of marketing and retailing of LPG thru auto gas dispensing stations under the brand name ‘AEGIS
Autogas’. From the present 38 retail outlets across five states, company intends to open 100~150 more such stations in next couple of years. Recently company took over Hindustan Aegis LPG and became the owner of 20,000 MT fully refrigerated LPG terminal. For FY09 it may clock a turnover of Rs 475 cr and profit of Rs 35 cr i.e. EPS of Rs 18 on equity of Rs 19.90 cr. A solid bet.

Technicals: DCHL, NTPC, KSK, HUL

DCHL CMP: 81.50 DCHL had been knocked down ruthlessly on the back of closure of positions. However, it recently stabilized close to its two-year lows of about 80 levels. The decline in the penultimate week had been on the back of significant volumes, suggesting weakening trend in the stock. The company had recently announced that it has increased its advertisement prices by 50% across segments. The stock is currently trading in the oversold territory of both 14-day RSI and Money Flow Index. This scenario suggests a technical bounce for the stock in the near term. DCHL is currently trading below all its moving averages, which could act as a stiff resistance on its way up. Immediate support is placed around 72 levels, which, if sustained amidst market volatility, could see the stock staging a sharp bounce-back. Investors are advised to assume long positions in the stock between 78 and 82 levels for a short-term target of 100 and 120 levels. All long positions in the stock should be protected with a stop loss placed below 70 levels on a closing basis.

NTPC CMP: 171.85 The stock had been consolidating in the recent past after it held to its Longterm support zone of 150 levels. The confusion over the nuclear deal kept the stock within a broad range in the recent past. However, the nuclear deal crossing the final lap is expected to induce some long-term buying into the stock. The NTPC stock is trading close to its moving averages, which are hovering between 175 and 185 levels, serving as a stiff zone to breach. The 14-day RSI, a leading indicator, is hovering around the oversold territory and could stage a sharp upmove. The stock may not surpass the 185 and 205 levels in a hurry as there is high probability that it may face some amount of pro. t-booking at those levels. Investors may buy the stock around the current levels and partial booking is advised around the 185 levels, above which it could test the 205 levels in the medium term. All long positions in the stock should be protected with a stop loss placed below 155 levels on a closing basis.

KSK CMP: 219.35 KSK had witnessed sharp declines since its debut, but it held and stabilized around the 150 levels and staged a sharp rally. The surges had been on the back of signi. cant volumes, suggesting huge momentum in the stock. The stock has formed higher top, higher bottom formations on the daily chart. The declines in the stock lack volumes, suggesting lower participation on the downsides. The 14-day RSI is already hovering around 60 levels and is due for some declines from current levels due to pro. t-taking. The downsides in the stock are limited to 190 and 200 levels where the stock has its 50-day and 200-day EMA. Investors are advised to accumulate the stock at 210-220 levels for an upside target of 265 and 280 levels in the short term. All long positions should be protected with a stop loss placed below 190 levels on a closing basis.

HUL CMP: 256.70 HUL outperformed the broader market as the stock rallied amidst market declines. The stock made a low of 190 levels in July and surged endlessly. In the most recent sessions, the stock faced stiff resistance near 250 levels, but it crossed and sustained the levels last week which is a strong sign. The rally has guided the stock to trade above all the moving averages which is also a positive sign. The volumes during the declines remained low while the recent bounces from its lows are coupled with increasing volumes, suggesting fresh buying interest and momentum returning into the stock. Immediate support is placed around 235 and 220 levels, which, if sustained amidst market volatility, would make the stock an excellent buy. Investors are advised to assume long positions in the stock above 255 levels for a short-term target of 280 and 295 levels. All long positions in the stock should be protected with a stop loss placed below 235 levels on a closing basis.

Source: Karvy Bazaar Buzz

Intraday Trading Calls for 7th October

Stock Market India may open positive as Sebi remove ban on P-notes, RBI cuts CRR and Crude oil below $88. A good bounce back expected as market is looking highly oversold. A Good Positive closing expected today.

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

MERCATOR LINES

DISH TV

STC INDIA

GSS AMERICA INFO

ROLTA INDIA

GMR INFRA

GOOD LUCK

Intraday Trading Calls for 06th October

Stock Market India may open gap down but a good bounce back expected as market is looking highly oversold. A flat closing expected today.

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

BUY AT LOWER LEVELS FOR RECOVER GAINS.

HPCL (241)
MERCATOR LINES (56)
DISH TV (26)
STC INDIA (206)
HCC (70)
ROLTA INDIA (230)
GMR INFRA (83)

GOOD LUCK

Stock Idea: Corporation Bank

Starting as a ‘Karnataka’ bank, Corporation Bank has come a long way and has spread its tentacles all across India. The Bank is now in the process of raising its Tier I Bond / perpetual Bonds to the extent of Rs 600 crore and upper Tier-II Bond to the extent of Rs 1000 crore. These are in addition to raising of Lower Tier-II Bond to the tune of Rs 1200 crore. This is being done to mainly fund business growth this fiscal.
For the first quarter ended 30th June 2008, the total business of the Bank stood at Rs.93,694 crore, a growth of 27.33 % on a YoY. Total deposits grew 26.62% at Rs.54,742 crore. The bank added 9.27 lakhs new accounts under deposits as at the end of June 2008. Advances grew 28.34% at Rs.38,952 crore.
The Total Income of the Bank for the 3 months ended 30th June 2008 increased to Rs.1,446.28 crore registering a growth of 16.75% on a YoY.
The Net Profit of the Bank for the 3 months ended 30th June 2008 registered a growth rate of 4.06% at Rs.184.30 crore. But for the heavy depreciation on investment portfolio, the Q1 Net Profit growth would have been about 40% higher. For the period under review, the bank had provided Rs 63 crore as depreciation in securities portfolio.
The Return on Equity works out to 16.71% for the quarter ended June 2008 as against 17.97% in June 2007. The Return on Average Assets of the Bank was at 1.19%. The net worth of the Bank stood at Rs.4,413 crore compared to Rs.3,519 crore as on 30th June 2007.
The Gross NPA has come down to 1.46% compared to 2.07% as on 30th June 2007 and Net NPA to 0.36% as at 30th June 2008 compared to 0.46% on 30th June 2007.
The Capital Adequacy Ratio was at 12.43%. The Tier I ratio was at 10.13%. The total number of branches at end of Q1FY09 stood at 999. It recently opened its first representative office in Dubai.
Corporation Bank is currently quoted closer to its 52 week low of Rs.230. Stay invested.

Source: sptulsian.com

Intraday Trading Calls for 3rd October

Indian Stock Market may open nagetive as all global markets trading lower but A smart recovery expected from lower levels.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

STC INDIA (212)
Buy Above 214.65 Target 220.75, 228.00
Sell Below 209.20 Target 202.45, 195.00
RPL (140)
Buy Above 141.85 Target 144.60, 148.00
Sell Below 138.60 Target 135.15, 132.00
WELSPUN GUJARAT (250)
Buy Above 252.80 Target 258.50, 265.00
Sell Below 247.45 Target 241.25, 234.00
SATYAM COMPUTER (318)
Buy Above 320.80 Target 327.40, 335.00
Sell Below 315.70 Target 309.35, 302.00
KSK ENERGY (222)
Buy Above 223.60 Target 230.05, 238.00
Sell Below 219.15 Target 214.30, 208.00
HCC (72)
Buy Above 72.95 Target 76.20, 80.00
Sell Below 71.10 Target 68.15, 65.00

Others for Intraday: DISH TV, MERCATOR LINES, RPOWER, NTPC, ROLTA INDIA.

GOOD LUCK

Stock Idea: Crompton Greaves

Power equipment manufacturer, a part of the Avatha group, the company beat all market expectations and posted a 37% rise in net profit at Rs 123 crore on a net sales of Rs.2,035 crore, up 26.7%. Power systems continued to remain the bread winner, adding 67% to the topline and the rest came from consumer products (16%) and industrial products (15%). The improved performance was on account of its overseas subsidiaries, which showed a 52% rise in revenues on a YoY. The higher replacement market in Europe and the appreciating Euro worked well for the company.
What is very positive is that there has been no effect of the slowdown on the company. Infact its order book remains robust at over Rs.6,200 crore (of which Rs 3,580 crore is from international markets), executable over the next 15 months. This is positive because this indicates that when it comes to the power sector, irrespective of the rising costs and inflation and the overall lethargy in the economy, there has been no let up in power production. Good for the country and good the company! Infact the company has gone on record stating that it has seen neither any reduction in sales invoicing nor is it deferring any projects.
The company has chalked out a Rs.220 crore capex plan in the current fiscal for expanding capacities, around 10-12%, across all three of its segments. Every fiscal, the company adds around 10% to the capacity and this fiscal too it keeps up the tradition.
What is reassuring is that the company is zero debt so for Crompton, rising interest rates is not really an issue. But what is an issue is the rising cost of raw materials. Though most of the companies have a cost escalation clause built in, the suppliers for the company do not enter into a long term price contract, maximum period is three months. Earlier supply was also a constraint but that has eased now. For prices to ease there is a long wait ahead.
The company is expected to have a good fiscal and revenue is expected to grow over 20% and net profits by around 22-23%. At the current levels, Crompton is a good long term buy.

Source: sptulsian.com